Journalise the following transaction:
Withdrawn from Bank for personal use Rs. 15,000

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Solution

Drawings A/c Dr. 15,000
To Bank A/c 15,000
(Being the amount withdrawn from bank for personal use).

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Prepare Cash Book with Bank Column of Vinod from the following transactions:

Jan. 1 Cash in hand Rs.2,300 and Bank overdraft Rs.12,000

Jan. 7 Cheque received from Ram Rs.4,000.

Jan. 9 Deposited the above cheque into Bank.

Jan. 12 Goods sold for Rs.15,000 and deposited into the bank on the same day.

Jan. 18 Money withdrawn from bank for office use Rs.2,000.

Jan. 23 Money withdrawn from bank for personal use Rs.1,000.

Jan. 31 Bank charges Rs.200.

2017		₹
Jan. 1	Paid into bank for opening a Current Account	10,000
3	Goods sold for ₹ 50,000 and the amount was deposited into the bank
7	Amount withdrawn from bank	20,000
10	Goods sold for Cash	15,000
12	Amount deposited into bank	12,000
14	Goods purchased and payment made by cheque.	25,000

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

2011 Oct.	1	Mr. Sancheti received Rs 50,000 from his uncle as a gift and deposited the same into the account of business Bank of India A/c.
	3	Purchased goods of Rs 15,000 from Mahesh.
	5	Sold goods on credit to Suman for Rs 18,000.
	7	Goods of Rs 600 being defective returned by Suman.
	11	Remitted cash to Mahesh Rs 14,800 and received discount Rs 200.
	15	Bought machinery from KK & Co. Rs 30,000 and half the amount paid immediately.
	17	Paid for repairs to Machinery Rs 400.
	20	Purchased a horse for Rs 4,800 and carriage charges Rs 200 paid.
	25	Withdrawn from bank Rs 5,000 for personal use.
	27	Amount due from Girish Rs 900 is proved to be irrecoverable and has to be written off as bad.
	29	Paid for sales vouchers Rs 1,100.
	31	Paid Insurance Premium Rs 6,000.

15, 000

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