Question

Journalise the following transactions of Singh Enterprises, Delhi:

2018		₹
June 1	Started business with cash	50,000
June 2	Deposited cheque from Savings Account in firm's account	2,00,000
June 3	Received cash from Ram	50,000
June 4	Purchased goods for cash	15,000
June 11	Sold goods to M/s. Hari Sales, Delhi	12,000
June 13	Paid to Ramavtar	40,000
June 17	Received from M/s. Hari Sales	10,000
June 20	Bought furniture from S.R. Furnishers against Cash	22,400
June 27	Paid rent	28,000
June 30	Paid salary	50,000

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
June 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)
June 02	Bank A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Cheque from Savings A/c to Firm’s A/c)
June 03	Cash A/c	Dr.		50,000
	To Ram’s A/c				50,000
	(Received cash)
June 04	Purchases A/c	Dr.		15,000
	To Cash A/c				15,000
	(Goods purchased)
June 11	M/s Hari A/c	Dr.		12,000
	To Sales A/c				12,000
	(Goods sold on credit)
June 13	Ramavtar’s A/c	Dr.		40,000
	To Cash A/c				40,000
	(Paid cash to Ramavtar)
June 17	Cash A/c	Dr.		10,000
	To M/s Hari A/c				10,000
	(Received cash from M/s Hari A/c)
June 20	Furniture A/c	Dr.		20,000
	To Cash A/c				20,000
	(Bought furniture for cash)
June 27	Rent A/c	Dr.		28,000
	To Cash A/c				28,000
	(Paid rent)
June 30	Salary A/c	Dr.		50,000
	To Cash A/c				50,000
	(Paid salary)