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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Solution

In the Books of Mr. Arun

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Sep. 2010

1

Cash A/c

Dr.

75,000

Stock A/c

Dr.

20,000

Furniture A/c

Dr.

30,000

To Capital A/c

1,25,000

(Commenced business with cash, goods and furniture)

2

Bank A/c

Dr.

50,000

To Cash A/c

50,000

(Cash deposited into Bank of India)

5

Stationery A/c

Dr.

200

To Cash A/c

200

(Stationery purchased)

6

Purchases A/c

Dr.

15,000

To Nisha

15,000

(Purchases from Nisha on credit)

9

Nisha

Dr.

15,000

To Bank A/c

15,000

(Cheque issued to Nisha)

11

Minakshi

Dr.

20,000

To Sales A/c

20,000

(Goods sold to Minakshi on credit)

14

Bank A/c

Dr.

19,500

Discount Allowed A/c

500

To Minakshi

20,000

(Cheque received from Minakshi in full settlement of her account)

16

Sanjay’s Loan A/c

Dr.

10,000

To Bank A/c

10,000

( Loan given to Sanjay @12% per annum by issue of cheque)

19

Laptop A/c

Dr.

36,000

To Purchases Return A/c

36,000

(Laptop purchased worth Rs 36,000 in exchange of goods worth Rs 40,000 at a trade discount of 10%)

22

Printer A/c

Dr.

10,000

To Cash A/c

5,000

To H.P. Ltd.

5,000

(Printer purchased from H.P. Ltd. and half of the amount paid in cash)

28

Loss by fire A/c

Dr.

700

To Purchase A/c

700

(Goods lost by fire)

29

Rent A/c

Dr.

2,000

To Cash A/c

2,000

(Rent paid)

30

Travelling Expenses A/c

Dr.

5,000

To Cash A/c

5,000

(Travelling Expenses paid)

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Balance on 1st April 2012

Cash at Bank Rs 2,00,000, Cash in hand Rs 2,500; Computer & Printer Rs 90,000 Land & Building Rs 1,80,000; Sundry Debtors Rs 15,000; Bills Receivable Rs 10,000; Sundry Creditors Rs 14,000; Bills Payable Rs 5,000.

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2012 April	1	Purchased goods from Meeta worth Rs 40,000 at 10% trade discount and paid 1/4 amount in cash and 1/4 amount by cheque, for which 5% cash discount is allowed.
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	23	Paid carriage Rs 300 on the above furniture.
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Journalise the following transactions in the books of Nana.

Debit balances on 1st April 2012:-

Cash in hand Rs 5,000; Cash at Bank Rs 95,000' Land & Building Rs 2,10,000; Furniture Rs 15,000; Debtors Rs 10,000.

Credit Balances on April 1, 2012:- Creditors Rs 10,000; Bank Loan Rs 28,000.

Transactions during the month of April 2012:-

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Record the following transactions in the books Chitmani & Company for the month April, 2010.

Balance on 1st April 2010.

Cash in hand Rs 21,000; Cash at bank Rs 3,00,000. Furniture Rs 1,00,000; Laptop & Printer Rs 90,000; Debtors Chetan- Rs 7,000, Dilip- Rs 9,000, Stock Rs 25,000, Creditors Gauri- Rs 6,000, Hema- Rs 8,000, Bank Loan Rs 30,000.

Transactions during the month of April were as follows:-

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	7	Sold goods to Mr. Eknath on credit Rs 15,000.
	9	Goods costing Rs 250 distributed as free samples.
	12	cash withdrawn by proprietor for private purpose Rs 5,000.
	15	Mr. Eknath pays Rs 14,250 after getting 5% discount for prompt payment.
	20	Interest on Bank loan Rs 1,000 debited to the current account of the proprietor.
	23	Paid Rs 7,900 to Mrs. Hema in full & final settlement of her account.
	25	Cash Purchases at list price Rs 10,000 Trade Discount allowed Rs 500.
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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.

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
Sep. 2010
1	Cash A/c	Dr.		75,000
	Stock A/c	Dr.		20,000
	Furniture A/c	Dr.		30,000
	To Capital A/c				1,25,000
	(Commenced business with cash, goods and furniture)

2	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash deposited into Bank of India)

5	Stationery A/c	Dr.		200
	To Cash A/c				200
	(Stationery purchased)

6	Purchases A/c	Dr.		15,000
	To Nisha				15,000
	(Purchases from Nisha on credit)

9	Nisha	Dr.		15,000
	To Bank A/c				15,000
	(Cheque issued to Nisha)

11	Minakshi	Dr.		20,000
	To Sales A/c				20,000
	(Goods sold to Minakshi on credit)

14	Bank A/c	Dr.		19,500
	Discount Allowed A/c			500
	To Minakshi				20,000
	(Cheque received from Minakshi in full settlement of her account)

16	Sanjay’s Loan A/c	Dr.		10,000
	To Bank A/c				10,000
	( Loan given to Sanjay @12% per annum by issue of cheque)

19	Laptop A/c	Dr.		36,000
	To Purchases Return A/c				36,000
	(Laptop purchased worth Rs 36,000 in exchange of goods worth Rs 40,000 at a trade discount of 10%)

22	Printer A/c	Dr.		10,000
	To Cash A/c				5,000
	To H.P. Ltd.				5,000
	(Printer purchased from H.P. Ltd. and half of the amount paid in cash)

28	Loss by fire A/c	Dr.		700
	To Purchase A/c				700
	(Goods lost by fire)

29	Rent A/c	Dr.		2,000
	To Cash A/c				2,000
	(Rent paid)

30	Travelling Expenses A/c	Dr.		5,000
	To Cash A/c				5,000
	(Travelling Expenses paid)