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Data for Exercise: 1

Consider the following details: Journalize the below transactions.
Date Particulars Amount
(INR)
01.12.2013 Himanshu started business with cash 1,00,000
02.12.2013 Opened a bank account with SBI 30,000
04.12.2013 Purchased goods from Sandhu 20,000
06.12.2013 Sold goods to Zoya for cash 15,000
10.12.2013 Bought goods from Ramesh for cash 40,000
13.12.2013 Sold goods to Samuel 20,000
16.12.2013 Received cheque from Samuel 19,500
Discount allowed 500
20.12.2013 Cheque given to Sandhu on account 10,000
22.12.2013 Rent paid by cheque 2,000
23.12.2013 Deposited into bank 16,000
25.12.2013 Machine purchased from Periyan 10,000
26.12.2013 Trade expenses 2,000
28.12.2013 Cheque issued to Periyan 10,000
29.12.2013 Paid telephone expenses by cheque 1,200
31.12.2013 Paid salary 4,500
Data for Exercise: 2
Consider the following details:
Date Particulars Amount
(INR)
01.01.2014 Commenced business with cash 1,75,000
01.01.2014 Purchased building 1,00,000
02.01.2014 Goods purchased for cash 75,000
03.01.2014 Sold goods to Ramandeep 30,000
04.01.2014 Paid wages 500
06.01.2014 Sold goods for cash 10,000
10.01.2014 Paid for trade expenses 700
12.01.2014 Cash received from Ramandeep 29,500
Discount allowed 500
14.01.2014 Goods purchased from Morris 27,000
18.01.2014 Cartage paid 1,000
20.01.2014 Drew cash for personal use 5,000
22.01.2014 Goods used for household 2,000
25.01.2014 Cash paid to Morris 26,700
Discount allowed 300