Question

Journalise the following transactions:

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7		Amount withdrawn from bank	20,000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

Answer 1

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 01	Bank A/c	Dr.		10,000
	To Cash A/c				10,000
	(Payment made to open current account)
Jan. 03	Bank A/c	Dr.		50,000
	To Sales A/c				50,000
	(Goods sold and amount deposited into bank)
Jan. 07	Cash A/c	Dr.		20,000
	To Bank A/c				20,000
	(Cash withdrawn from Bank)
Jan. 10	Cash A/c	Dr.		15,000
	To Sales A/c				15,000
	(Goods sold for cash)
Jan. 12	Bank A/c	Dr.		12,000
	To Cash A/c				12,000
	(Cash deposited into bank)
Jan. 14	Purchases A/c	Dr.		25,000
	To Bank A/c				25,000
	(Goods purchased and payment made by cheque)
	TOTAL			1,32,000	1,32,000