2017  ₹  
April 1  Commenced business with cash  50,000 
2  Purchased goods from Subhash  20,000 
4  Sold goods to Ramnath  15,000 
6  Ramnath returned defective goods  1,000 
10  Received cash from Ramnath and  13,800 
Discount allowed  200  
12  Gopal sold goods to us  10,000 
14  Paid to Gopal in full settlement of his account after deducting 5% discount.  
15  Paid Rent  10,000 
16  Paid Rent of Hari Shankar's residence  5,000 
18  Purchased goods for cash from Govind for ₹ 6,000 at 20% trade discount.  
20  Purchased goods from Govind for ₹ 10,000 at 20% trade discount.  
24  Paid to Govind ₹ 7,850 in full settlement of his account.  
25  Paid to Subhash ₹ 4,750; discount received ₹ 250.  
30  Paid Wages ₹ 400; Salaries ₹ 4,000; Advertisement expenses ₹ 800 and Trade expenses ₹ 1,000. 
Journal In the Books of Hari Shankar & Co. 

Date  Particulars  L.F.  Debit Amount (₹)  Credit Amount (₹)  
2017  
Apr. 01  Cash A/c  Dr.  50,000  
To Capital A/c

50,000  
(Started business with cash)  
Apr. 02  Purchases A/c  Dr.  20,000  
To Subhash’s A/c

20,000  
(Goods purchased from Subhash)  
Apr. 04  Ramnath’s A/c  Dr.  15,000  
To Sales A/c

15,000  
(Goods sold to Ramnath)  
Apr. 06  Sales Return A/c  Dr.  1,000  
To Ramnath’s A/c

1,000  
(Goods returned to Ramnath)  
Apr. 10  Cash A/c  Dr.  13,800  
Discount Allowed A/c  Dr.  200  
To Ramnath’s A/c

14,000  
(Cash received from Ramnath and allowed discount)  
Apr. 12  Purchases A/c  Dr.  10,000  
To Gopal’s A/c

10,000  
(Goods purchased from Gopal)  
Apr. 14  Gopal’s A/c  Dr.  10,000  
To Cash A/c

9,500  
To Discount Received A/c

500  
(Cash paid to Gopal in full settlement of his account)  
Apr. 15  Rent A/c  Dr.  10,000  
To Cash A/c

10,000  
(Rent paid)  
Apr. 16  Drawings A/c  Dr.  5,000  
To Cash A/c

5,000  
(Rent paid for Hari Shankar’s residence)  
Apr. 18  Purchases A/c  Dr.  4,800  
To Cash A/c

4,800  
(Goods purchased for cash at 20% trade discount)  
Apr. 20  Purchases A/c  Dr.  8,000  
To Govind’s A/c

8,000  
(Goods purchased from Govind at 20% trade discount)  
Apr. 24  Govind’s A/c  Dr.  8,000  
To Cash A/c

7,850  
To Discount Received A/c

150  
(Cash paid to Govind in full settlement of his account)  
Apr. 25  Subhash’s A/c  Dr.  5,000  
To Cash A/c

4,750  
To Discount Received A/c

250  
(Cash paid to Subhash in full settlement of his account)  
Apr. 30  Wages A/c  Dr.  400  
Salaries A/c  Dr.  4,000  
Advertisement Expenses A/c  Dr.  800  
Trade Expenses A/c  Dr.  1,000  
To Cash A/c

6,200  
(Expenses paid)  
TOTAL  1,67,000  1,67,000  