Journalise the following trasactions:−

(₹)

1. Charge depreciation on Machinery 20,000

2. Salary due to Office Clerks 1,00,000

3. Received cash for Bad-Debts written off last year 5,000

4. Purchased goods from Ashok & Co. for ₹ 50,000 at 20% Trade Discount. Half the payment was made in cash.

5. Issued cheque to Ashok & Co. in full settlement 19,500

6. Paid Life Insurance Premium by cheque 6,000

7. Proprietor used goods for household purposes 20,000

8. Goods given free to a hospital out of business 10,000

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Solution

Journal
In the Books of …

Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)

1) Depreciation A/c Dr. 20,000

To Machinery A/c
20,000

(Depreciation charged on machinery)

2) Salary A/c Dr. 1,00,000

To Outstanding Salary A/c
1,00,000

(Salary due to office clerks)

3) Cash A/c Dr. 5,000

To Bad Debts Recovered A/c
5,000

(Bad debts recovered)

4) Purchases A/c Dr. 40,000

To Ashok & Co.
20,000

To Cash A/c
20,000

(Goods purchased)

5) Ashok & Co. Dr. 20,000

To Bank A/c
19,500

To Discount Received A/c
500

(Payment made to Ashok & Co. in full settlement)

6) Drawings A/c Dr. 6,000

To Cash A/c
6,000

(Payment made for life insurance premium)

7) Drawings A/c Dr. 20,000

To Purchases A/c
20,000

(Goods used for household purposes)

8) Charity A/c Dr. 10,000

To Purchases A/c
10,000

(Goods given away as charity)

TOTAL 2,21,000 2,21,000

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Similar questions

Journalise the following:

(i)	Received a V.P.P. from Mohan Lal for ₹ 25,000. Sent a peon to collect it who paid ₹ 200 as cartage.
(ii)	Received ₹ 1,000 from sales of old newspapers and ₹ 5,000 from sales of old chairs.
(iii)	Goods given away as charity goods costing ₹ 7,000.
(iv)	Received Cash from a debtor written off as bad-debt last year ₹ 20,000.
(v)	Sold goods costing ₹ 50,000 to Ashok on credit at a profit of 20% on cost.
(vi)	Sold goods costing ₹ 1,00,000 for ₹ 1,40,000.
(vii)	Provide ₹ 50,000 as interest on Capital.
(viii)	Paid rent of building ₹ 60,000 by cheque. Half the building is used by the proprietor for residential purpose.
(ix)	Outstanding salary at the end of the year ₹ 30,000.

Q. Journalise the following transactions :

2017		₹
March 1	Started business with cash	50,000
2	Purchased Machinery for cash	20,000
	Paid installation charges on machinery	2,000
5	Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately.
10	Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount.
15	Paid Rent	1,000
20	Goods stolen from business	2,000
22	Gave as charity : Cash	100
	Goods	200
31	Purchased Post Cards and Envelopes	50
31	Purchased a Computer for business	25,000

Q. Journalise the following transactions:-

2019		₹
March 1	Started business with cash	50,000
2	Purchased Machinery for cash	20,000
	Paid installation charges on machinery	2,000
5	Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately.
10	Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount.
15	Paid Rent	1,000
20	Goods stolen from business	2,000
22	Gave as charity :
	Cash	100
	Goods	200
31	Purchased Post Cards and Envelopes	50
31	Purchased a Computer for business	25,000

Journalise the following transactions

$\begin{matrix} 2010 & (R s) 2010 & (R s) Dec 1 & Hema started business with cash & 1, 00, 000 Dec 2 & Open a bank account with SBI & 30, 000 Dec 4 & Purchased goods from Ashu & 20, 000 Dec 6 & Sold goods to Rahul for cash & 15, 000 Dec 10 & Bought goods from Tata from cash & 40, 000 Dec 13 & Sold goods to Suman & 20, 000 Dec 16 & Received cheque from Suman & 19, 500 Discount allowed & 500 Dec 20 & Cheque given to Ashu on account & 10, 000 Dec 22 & Rent paid by cheque & 2, 000 Dec 23 & Deposited into bank & 16, 000 Dec 25 & Machine purchased from Parigya & 10, 000 Dec 26 & Trade expenses & 2, 000 Dec 28 & Cheque issued to Parigya & 10, 000 Dec 29 & Paid telephone expenses by cheque & 1, 200 Dec 31 & Paid salary & 4, 500 \end{matrix}$

Q. 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

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		(₹)
1.	Charge depreciation on Machinery	20,000
2.	Salary due to Office Clerks	1,00,000
3.	Received cash for Bad-Debts written off last year	5,000
4.	Purchased goods from Ashok & Co. for ₹ 50,000 at 20% Trade Discount. Half the payment was made in cash.
5.	Issued cheque to Ashok & Co. in full settlement	19,500
6.	Paid Life Insurance Premium by cheque	6,000
7.	Proprietor used goods for household purposes	20,000
8.	Goods given free to a hospital out of business	10,000

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
1)	Depreciation A/c	Dr.		20,000
	To Machinery A/c				20,000
	(Depreciation charged on machinery)

2)	Salary A/c	Dr.		1,00,000
	To Outstanding Salary A/c				1,00,000
	(Salary due to office clerks)

3)	Cash A/c	Dr.		5,000
	To Bad Debts Recovered A/c				5,000
	(Bad debts recovered)

4)	Purchases A/c	Dr.		40,000
	To Ashok & Co.				20,000
	To Cash A/c				20,000
	(Goods purchased)

5)	Ashok & Co.	Dr.		20,000
	To Bank A/c				19,500
	To Discount Received A/c				500
	(Payment made to Ashok & Co. in full settlement)

6)	Drawings A/c	Dr.		6,000
	To Cash A/c				6,000
	(Payment made for life insurance premium)

7)	Drawings A/c	Dr.		20,000
	To Purchases A/c				20,000
	(Goods used for household purposes)

8)	Charity A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Goods given away as charity)
	TOTAL			2,21,000	2,21,000