Question

Journalise the following transactions in the books of Miss. Nivedita.

2010 May	1	Commenced business with Cash Rs 2,10,000.
	4	Purchased goods for cash Rs 60,000.
	5	Sold good for cash Rs 70,000.
	9	Deposited into Bank of India Rs 1,00,000.
	13	Paid for stationery Rs 10,000.
	17	Purchased Computer with printer Rs 40,000.
	21	Purchased goods from Ravi for Rs 50,000 on credit.
	25	Paid for Office Rent Rs 2,000.
	26	Received Commission Rs 1,000.
	30	Withdrew from bank for office use Rs 50,000.
	31	Paid for salaries Rs 4,500.

Answer 1

In the Books of Miss. Nivedita

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
May 2010
1	Cash A/c	Dr.		2,10,000
	To Capital A/c				2,10,000
	(Commenced business with cash)
4	Purchases A/c	Dr.		60,000
	To Cash A/c				60,000
	(Goods purchased for cash)
5	Cash A/c	Dr.		70,000
	To Sales A/c				70,000
	(Goods sold for cash)
9	Bank A/c	Dr.		1,00,000
	To Cash A/c				1,00,000
	(Cash deposited into Bank of India)
13	Stationery A/c	Dr.		10,000
	To Cash A/c				10,000
	( Stationery purchased)
17	Computer A/c	Dr.		40,000
	To Cash A/c				40,000
	( Computer purchased)
21	Purchases A/c	Dr.		50,000
	To Ravi				50,000
	(Goods purchased from Ravi on credit)
25	Rent A/c	Dr.		2,000
	To Cash A/c				2,000
	(Office Rent paid)
26	Cash A/c	Dr.		1,000
	To Commission A/c				1,000
	( Commission received)
30	Cash A/c	Dr.		50,000
	To Bank A/c				50,000
	(Withdrew from bank for office use)
31	Salaries A/c	Dr.		4,500
	To Cash A/c				4,500
	(Salaries paid)