JOURAAL– SHEET 3

1. Jounalise the following:-

(1) Charge depreciation @ 10% p.a. for two months on machine costing ` 3,00,000
(2) Provide interest on capital of ` 15,00,000 at 6% p.a. for two months .
(3) Goods costing ` 80,000 sold to Mohan for ` 1,00,000 .
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(4) Sold goods to Brijesh of the list price of ` 10,000 at trade discount of 5% . Received full payment in cash .
(5) Goods given away as charity ` 1,000 .
(6) Charge interest on capital of ` 5,00,000 @ 7% p.a.
(7) Outstanding wages ` 3,000 .
(8) ` 5,000 due from Sunny are now bad debts .
(9) 50,000 cash sales (of goods costing ` 40,00)
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m
(10)Cash paid for installation of machinery ` 5,000
(11)Goods given away as charity ` 20,000
(12)Interest charged on capital @ 7% p.a. when total capital was ` 7,00,000
(13)Received ` 12,000 of a bad debt written off last year .
(14)Goods destroyed by fire
(15)Rent outstanding
(16)Interest on drawings
Ra ` 20,000
` 10,000
` 9,000
(17)Sudhir Kumar who owed me ` 30,000 has failed to pay the amount . He pays me a compensation of 45
paise in a rupee .
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Sai
(18)Proprietor withdrew for private use ` 10,000 from bank .
(19)Goods costing ` 50,000 were burnt by fire .
(20)Purchased machinery for cash ` 1,50,000 and paid ` 2,000 on its installation .
(21)Charge 5% depreciation on building costing ` 2,00,000 and 8% depreciation On furniture costing 5,000 .
(22)Prepaid salary ` 2,000 .
(23)Kapi who owed us ` 20,000 becomes insolvent and nothing is received from his Estate .
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Om

(24)Purchased an iron safe for business for ` 10,000 .

(25)Purchased filing cabinet for office use ` 4,000 and paid ` 20 as cartage on it .
(26)Purchased a portable typewriter from Radha Krishan & Co. for ` 8,000 .
(27) Purchased an electric fan for ` 2,000 .
(28)Purchased a ‘Horse’ for business for ` 15,000 .
(29)Purchased post cards for ` 25 ; Envelops for ` 50 & stamps for `100 .
(30)Purchased office stationery for ` 400 .
(31)Gave as charity – Cash ` 200 and goods ` 400 .
(32)The horse died , its carcass was sold for ` 1,000 .
(33)Sold household furniture for ` 10,000 and paid the money into business .
(34)Paid landlord ` 12,000 for rent . One third of the building is occupied by the Proprietor for residential use .
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(35)Out of insurance premium paid this year , ` 1,500 is related to next year .
(36)Credit purchases from Ram & Co. for ` 5,000 . Cash discount will be received at 5% on payment of bill
within 10 days.
(37)Cash paid to Ram & Co. and discount availed of .
(38)Paid income tax ` 2,000 .
(39)Goods costing ` 20,000 sold for cash at a profit of 10% .
(40)Purchased iron safe for ` 20,000 , filing cabinet for ` 5,000 and typewriter for ` 10,000 .
(41)Sold goods to Arun for ` 2,00,000 . Arun pays one-fourth amount in cash .
(42)A cheque of ` 1,48000 is received from Arun in full settlement and the cheque Immediately deposited into
bank .
(43)Received ` 38,000 from Krishan Swaroop in full settlement of his account For ` 40,000 .
(44)Received ` 38,000 from Dushyant on his account for ` 40,000 .
(45)Biroo who owed us ` 15,000 is declared Insolvent and 65 paise in a rupee is received as final dividend from
his estate .
(46)Sold goods to Kitty list price ` 20,000 , trade discount 10% and cash discount 5% . He paid the amount on
the same day and availed the cash discount .
(47)Supplied goods costing ` 6,000 to Shakuntla , issued invoice at 10% above cost less 5% trade discount.

m
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(48)Purchased machinery for ` 20,000 ad paid ` 200 for its carriage .
(49)Received a cheque of 4,850 from X in full settlement of his account of ` 5,000 . Cheque was immediately
deposited into bank .
(50)Received a first and final payment of 60 paise in a ` from Y who owed us ` 10,000 .

Ra
(51)Sold goods to Z for ` 10,000 at a trade discount of 20% . Next day a cheque received from him after
deducting 5% cash discount . Cheque was immediately deposited into bank .
(52)Goods costing ` 20,000 sold to Manoj at a profit of 20% on cost less 10% trade Discount .
(53)Goods worth ` 1,00,000 were destroyed by fire Insurance Co. admitted and paid claim for 60% amount .

2.
Sai
JOURNALISE THE FOLLOWING:-
Apr. 2 Bought goods from Kailash for Rs 20,000 at a trade discount of 10% and cash discount of 2% . Paid
60% amount immediately .
Apr. 3 Bought goods of the list price of Rs 6,000 from Khanna Brothers less 15% trade discount and 2%
cash discount and paid 40% price at the same time .
Apr.5 An old computer (book value of Rs. 15,000) is exchanged for a new computer of Rs. 70,000 from
KBC Computers . The old computer is valued at Rs. 10,000 for exchange purposes by KBS Computers.
Apr.7 An old machine (book value of Rs. 30,000) is exchanged for a new machine of Rs. 1,40,000 from
Om

Aditya Ltd. The old machine is valued at Rs. 20,000 for exchange purposes by Aditya Ltd.