ASSIGNMENT

Unit II: Journal

1. Journalise the following transactions in the books of Mr. Akshay.

 
2010 April 1 Mr. Akshay started business with Cash Rs 80,000.
  4 Purchased goods form Mona Rs 28,000.
7 Deposited cash into Dena Bank Rs 39,000.
10 Sold goods to Dinesh Rs 41,000.
13 Purchased Laptop of Rs 30,000 in cash.
17 Paid Mona by cheque Rs 30,000.
20 Paid wages Rs 500.

date Particulars l/f Debit Amt Credit Amt

April
2010
1 Cash A/c Dr. 80,000 80,000

To Capital A/c

(Being the business started with

cash)

4 Purchase A/c Dr. 28,000 28,000

To Mona A/c
(Being the goods Purchased from
Mona)
7 Deposit Cash A/c Dr. 39,000 39,000

To Dena Bank A/ c

(Being deposited cash into Dena

Bank)
10 Dinesh A/c Dr . 41,000 41,00

To Sales A/c
(Being goods sold)
 13 Cash A/c Dr . 30,000 30,000

To Cash A/c

(Being Laptop purchased)

17 Mona A/c D r. 30,000 30,000

To Bank A/c

(Being paid mona by cheque)

20 Wages A/c Dr. 500

To Cash A/c
(Being paid wages)

2. Journalise the following transactions in the books of Mantri.

2011 1 Commenced business with Cash Rs 1,20,000, Goods Rs. 60,000 and Furniture
June Rs 65,000.
  3 Opened a current account in Bank of Baroda by depositing Rs 75,000.
5 Cash purchases Rs 35,000.
9 Cash Sales Rs 55,000.
10 Purchased goods worth Rs 20,000 from Amit & Co. subject trade discount of
2%
14 Credit sales to Kalpana Rs 15,000.
16 Paid cash to Amit & Co. Rs 9,500 who allowed us discount Rs 100.
19 Goods distributed as free samples of Rs 1,500.
21 Received Cash from Kalpana Rs 4,800 on account and allowed her cash
discount Rs 200.
24 Returned goods of Rs 750 to Amit & Co.
26 Purchased shares of Rs 15,000 of HDFC Bank.
29 Received goods returned by Kalpana Rs 200.
30 Rent paid by cheque Rs 7,000
Date Particulars   L/F Debit Credit
2011          
June,1 Cash A/c Dr.   1,20,000  
  Goods A/c Dr.   60,000  
  Furniture A/c Dr.   65,000  
       To Capital A/c       2,45,000
  (Being Mantri’s Business        
started with cash, goods and
furniture)
June,3 Bank of Baroda A/c Dr.   75,000  
       To Cash A/c       75,000
  (Being bank current account        
open)
June,5 Goods A/c Dr.   35,000  
      To Cash A/c       35,000
  (Being purchases of goods)        
June,9 Cash A/c Dr.   55,000  
        To Sales A/c       55,000
  (Being sales of goods)        

June,10 Purchases A/c Dr.   19,600  

       To Sumit & Co.       19,600
  (Being goods purchased at        
2% trade discount)
June,14 Sushmita’s Dr.   15,000  
       To Sales A/c       15,000
  (Being goods sold on credit to        
Sushmita)
June,16 Sumit & Co. A/c Dr.   9,600  
       To Cash A/c       9,500
  (Being cash paid and discount       100
earned)
June,19 Advertisement A/c Dr.   1,500  
       To Goods A/c       1,500
  (Being goods distributed as        
free samples)
June,21 Cash A/c Dr.   4,800  
  Discount A/c Dr.   200 5,000
       To Sushmita’s A/c        
  (Being cash received and        
discount allowed)
June,24 Sumit & Co. A/c Dr.   750  
       To Goods A/c       750
  (Being goods returned to        
Amit & Co.)
June,26 Investment A/c Dr.   15,000  
       To Bank A/c       15,000
  (Being share of HDFC bank        
 purchased)
June,29 Goods A/c Dr.   200  
       To Sushmita’s A/c       200
  (Being goods returned by        
Kalpana)
June,30 Rent A/c Dr.   7,000  
       To Bank of Baroda       7,000
  (Being rent paid by cheque)        
  TOTAL     4,83,650 4,83,650
3.