Questions of Journal Entry
1-04-2022: Albert Start his business with Rs 50,000/- He opens a bank account and deposit Rs. 20,000/-
2-04-2022: Bought furniture for Rs. 5000/- & machinery for Rs. 10000/-
3-04-2022: Purchase goods for Rs. 14000/-
4-04-2022: Sold goods Rs. 8000/-
5-04-2022: Purchase goods from Malhotra & Company Rs. 11000/-
6-04-2022: Paid Telephone rent the year by the cheque Rs. 500/-
7-04-2022: Bought one typewriter for Rs. 2100/- from Universal typewriter company one credit
8-04-2022: Sold goods to Keshav Ram for Rs. 12000/-
9-04-2022: Sold goods to cash for Rs. 2000/-
10-04-2022: Amount withdraw from bank for personal use Rs. 1500/-
11-04-2022: Received cash from Keshav Ram Rs. 11900/- and discount allowed Rs. 100/-
12-04-2022: Paid bank Rs. 5800/-
13-04-2022: Bought Rs. 50/- Shares in xy & company Ltd at Rs. 60/- per share brokerage paid Rs. 20/-
14-04-2022: Goods with Rs. 1000/- found defective were returned to malhotra & company and balance of the amount due to them settled by issuing a cheque in their favour .
15-04-2022: Sold Rs. 20/- shares of xy & company Ltd at Rs. 65/- per share, brokerage paid Rs. 20/-
16-04-2022: Bought goods wroth Rs. 2100/- from Ramesh and supplied tham to Suresh Rs. 3000/-
17-04-2022: Suresh returned goods wroth Rs. 100/- which in turn were sent to Ramesh .
18-04-2022: Paid a cheque Rs. 1000/- in Land rent paid salary Rs. 1500/- & received from Travelling salesman Rs. 2000/- for goods sold by him after deducting the Travelling expenses Rs.100/-
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Ledger Entry
Name of Ledger_______Under Group
Capital A/C-----------------Capital A/C
SBI A/C--------------------- Bank A/C
Purchase A/C--------------- Purchase A/C
Sales A/C-------------------Sales A/C
Return Inward A/C------- Sales A/C
Return Outward --------- Purchase A/C
Investment A/C------------ Investment A/C
Furniture & Machinery-- Fixed Assets A/C
Malhotra & company----Sundry Creditor A/C
Ramesh A/C-------------- Sundry Creditor A/C
Suresh A/C---------------Sundry Debtor A/C
Keshav ram A/C-------- Sundry debtor A/C
Telephone Rent A/C--- Indirect Expanses A/C
Typewriter A/C--------- Fixed Assets A/C
Universal typewriter-- sundry Debtor A/C
Drowing A/C---------- Current A/C
Discount allowed----- Indirect Exp. A/C
Travelling A/c--------- Indirect expanses A/C
Salary A/C------------- Indirect Expanses A/C
Rent A/C--------------- Indirect Expanses A/C
Brokerage A/C------- Indirect Expanses A/C
☺
Journal Entry Paper No-1
F6( Reciept)
To- Capital Cr. Rs-50,000/-
By- Cash Dr. Rs-50,000/-
F4( Contra)
To-Cash Cr. Rs-20,000/-
By- SBI Dr. Rs-20,000/-
F5(Payment)
By- Machinery & Furniture Dr. Rs-15000/-
To- Cash Cr. Rs-15000/-
F9(Purchase)
To-Cash Cr. Rs-14000/-
By- Purchase Dr. Rs-14000/-
F8(Sales)
By-Cash A/C Cr. Rs- 8000/-
To- Sales A/C Dr. Rs- 8000/-
F9(Purchase)
To- Malhotra & Com. Cr. Rs- 11000/-
By- Purchase Dr. Rs- 11000/-
F5(Payment)
By-Telephone Rent Dr. Rs-500/-
To- SBI A/C Cr. Rs-500/-
F7(Journal)
By-Typewrite A/C Dr. Rs-2100/-
To- Universal Typewrite Cr. Rs-2100/-
F8(Sales)
By- Keshab Ram A/C Dr. Rs-12000/-
To-Sales A/C Cr. Rs-1200/-
F8(Sales)
By-Cash A/C Dr. Rs-2000/-
To- Sales A/C Cr. Rs-2000/-
F5(Payment)
By- Drowing A/C Dr. Rs-1500/-
To- SBI A/C Cr. Rs-1500/-
F6(Receipt)
To-Keshav Ram Cr. Rs-12000/-
By- Discount Dr. Rs-100/-
By- Cash Dr. Rs-11900/-
F4(Contra)
To- Cash A/C Cr. Rs-5800/-
By- SBI A/C Dr. Rs-5800/-
F5(Payment)
By-Investment Dr. Rs-3000/-
By-Brokerage Dr. Rs-20/-
To- Cash Cr. Rs-3020/-
F5(Payment)
By-Malhotra & Com Dr. Rs-11000/-
To-Return Outward Cr. Rs-1000/-
To- SBI A/C Cr. Rs-10000/-
F6(Receipt)
To-Investment Cr. Rs-1300/-
By-Cash Dr. Rs-1300/-
F7(Journal)
By-Investment Dr. Rs-100/-
To- Profit & Loss Cr. Rs-100/-
F5(Payment)
By-Brokerage Dr. Rs-20/-
To-Cash Cr. Rs-20/-
F9(Purchase)
To-Romesh Cr. Rs-2100/-
By-Purchase Dr. Rs-2100/-
F8(Sales)
By-Suresh Dr. Rs-3000/-
To- Sales Cr. Rs-3000/-
F7(Journal)
To-Return Inward Cr. Rs-100/-
By-Suresh Dr. Rs- 100/-
F7(Journal)
To-Romesh Cr. Rs-100/-
By- Return Outward Dr. Rs-100/-
F5(Payment)
By-Land Rent Dr. Rs-1000/-
To-SBI Cr. Rs-1000/-
F5(Payment)
By-Salary Dr. Rs-1500/-
To-Cash Cr. Rs-1500/-
F6(Receipt)
To-Saleman Cr. Rs-2000/-
By-Travelling Dr. Rs-100/-
By-Cash Dr. Rs-1900/-
* Balance Sheet- 54,100/-
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