Journalise the following transaction:
Sold goods for Rs. 5,000 and received cheque.

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Solution

Bank A/c Dr. 5,000
To Sales A/c 5,000
(Being goods sold and received cheque)

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Q. Journalise the following transaction:
Sold goods for Rs. 5,00,000, allowed discount @10% and received cheque.

Journalise the following transactions in the books of Shrinath Apte.
(i) Opened bank account with PNB Rs. 10,000.
(ii) Cash sent to bank Rs. 50,000.
(iii) Bought shares in 'Birla Ltd' for Rs. 5000 and brokerage paid @ 2%. The Payment is made by cheque.
(iv) A received cheque for Rs. 1,56,000 from John in full settlement of his account of Rs. 1,60,000.
(v) Paid Rs. 1,78,000 to Smith in full settlement of Rs. 1,80,000 Due to him by cheque.
(vi) A cheque from a customer amounted to Rs. 5,000 deposited in the bank was returned dishonoured.
(vii) Bought furniture for office use by cheque for Rs. 18,000.
(viii) Sold goods to Kaushal of the list price of Rs. 12,500 less 20% trade discount and 2%cash discount and paid 40%by cheque.
(ix) Sold goods to Kaushal of the list price of Rs. 1,25,000 less 20% trade discount and received data cheque under a cash discount of 2%

Q. Journalise the following transactions :

2016
March 5		Sold goods to Shruti for ₹80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
10		Purchased goods from Richa for ₹60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately.

Q. Journalise the following transactions:
(a) Goods destroyed by Fire for ₹ 5,000.
(b) Paid by cheque ₹ 25,000 as wages on installation of a Machinery.
(c) Issued a cheque in favour of M/s Parmatma Saran & Sons on account of purchase of goods ₹ 75,000.
(d) Goods sold costing ₹ 60,000 to M/s Kalu Sons at an invoice price 10% above cost less 5% Trade discount.

Journalise the following transactions in the books of Mr. Arun.

2010 Sept.	1	Commenced business with Cash 75,000 and Goods Rs 20,000 and Furniture Rs 30,000.
	2	Opened a current account in Bank of India by depositing Rs 50,000.
	5	Purchased stationery of Rs 200.
	6	Goods purchased from Nisha Rs 15,000.
	9	Gave a cheque for Rs 15,000 to Nisha.
	11	Sold goods to Minakshi of Rs 20,000.
	14	Received a cheque for Rs 19,500 from our debtor. Minakshi in full settlement of her account.
	16	Gave loan to Sanjay by cheque Rs 10,000 at 12% interest p.a.
	19	Bought Laptop of Rs 36,000 in exchange of goods from Pande & Co. Goods of Rs 40,000 were given at 10% Trade Discount.
	22	Purchased Printer of Rs 10,000, paying half the amount in cash from H.P.Ltd.
	28	Uninsured goods worth Rs 700 destroyed by fire.
	29	Paid office Rent Rs 2,000 to landlord.
	30	Paid for Travelling expenses Rs 5,000.

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Journalise the following transaction:Sold goods for Rs. 5,000 and received cheque.

Bank A/c Dr. 5,000 To Sales A/c 5,000(Being goods sold and received cheque)

Journalise the following transaction:
Sold goods for Rs. 5,000 and received cheque.

Bank A/c Dr. 5,000
To Sales A/c 5,000
(Being goods sold and received cheque)