Tally Journal Entries Q.1. Journalize the following transactions:
2008
Apr 1 Ramesh started business with cash 10000
2 Paid into bank 7000
3 Bought goods for cash 5000
4 Drew cash from bank for office use 2000
5 Sold to Krishna goods on credit 1000
13 Bought of shyam goods on credit 500
14 Received from Krishna 950
20 Paid Shyam cash 480 and discount 20
24 Cash sales for the month 2500
28 Paid rent 3500
30 Paid salary 2000
Q.2. Journalize the following transactions: 2008
Apr 1 Started business with cash 10000
3 Paid into bank 4000
4 Sold goods to Mohan 2200
9 Goods returned by Mohan 200
10 Goods purchased from Shyam 3150
15 Goods returned to Shyam 150
18 Purchased goods from Ram on which he 10000 Allows 10% Trade discount
23 Received a V.P.P. for 1000
23 Sent a peon to collect it who paid as cartage 25
25 Paid interest on loan 500
Q.3. Journalize the following transactions: 2008
Jan 1 Received cash from Ram 5000
2 Purchased goods for cash 500
6 Sold goods to Hari 200
11 Paid to Ramavtar 400
16 Receives from Hari 100
20 Bought furniture from Rajesh 200
24 Paid rent 800
25 Paid salary 1000
Q.4. Journalize the following transactions: 2008
Jan 1 Sohan started business with cash 50000 and goods worth 25000
2 Purchased goods for cash 8000
5 Purchased goods from Mohan on credit 6000
7 Paid into bank 5000
10 Purchased furniture 2000
15 Sold goods for cash 7000
20 Sold goods to Ram on credit 5000
26 Paid to Mohan on account 3000
27 Paid wages 300
28 Paid salary 3600
30 Paid rent 8000
Q.5. Journalize the following transactions: 2008
Jan 1 Ram commenced business with cash 30000
2 Paid into bank 21000
3 Purchased goods 1500
7 Drew cash from bank for office use 3000
10 Sold goods to Hari on credit 1000
15 Purchased goods from Shyam 1500
20 Cash sales 3000
25 Paid to Shyam 1475 and discount received 25
30 Paid Rent 5000
31 Paid salary 1500
Q.6. Journalize the following transactions: 2008
Apr 1 Ramesh started business with cash 20000
2 Paid into bank 7000
3 Bought goods for cash 500
4 Drew cash from bank for office use 1000
13 Sold to Krishna goods 1500
20 Bought of Shyam goods on credit 2500
24 Received from Krishna 1450
Discount allowed 50
28 Paid Shyam cash 2450
Discount received 50
29 Cash sales for the month 8000
30 Paid rent 5000
31 Paid salary 1800
Q.7. Journalize the following transactions: 2008
Feb 1 Suresh started business with cash And goods
worth-2 Bought goods from Shyam Lal
4 Purchased furniture from Sunil Stores for cash 5 Sold goods for cash
8 Purchased goods for cash 10 Paid cartage
14 Sold goods on credit to Mohan
21 Withdrew money from business for private use 22 Mohan returned goods
25 Cash sales
27 Paid Sundry expenses 28 Paid office salary
Q.8. Journalize the following transactions: 2008
Jan 1 Rahul started business with cash 25000
2 Paid into bank 6000
3 Bought goods from Mr. Singh and co. 2000
4 Purchased furniture 2000
4 Purchased adding machine 8000
4 Purchased typewriter 6000
(Payment in all cases made by cheque)
6 Paid for postage 35
8 Sold goods for cahs 400
9 Sold goods on credit to Sharda and co. 1000
15 Paid to M/S S.Singh and co. and 1950
Discount allowed by them 50
25 Received from Sharda and co. in full
Settlement of amount due from them 975
29 Paid for electric charges 150
30 Paid salary 1500
31 Paid rent by cheque 2000
31 Drew cash for private use 2500
Q.9. Journalize the following transactions and make the ledgers & trial balance: 2008
Jan 1 Started business with cash 80000
1 Paid into bank 5000
2 Bought stationery for cash 50
3 Bought goods for cash 2100
4 Bought postage stamps 30
5 Sold goods for cash 750
6 Bought office furniture from Bannerjee Bros. 500
11 Sold goods to Mahendra 2000
12 Received cheque from Mahendra 2000
14 Paid Bannerjee Bros. By cheque 500
16 Sold to Ramesh and co. 500
20 Bought goods from S.seth and Bros. 700 23 Bought goods for cash from S.Narain and co. 225
24 Sold goods to P.Prakash 350
26 Ramesh and co. paid on account 250
28 Paid S.Seth and Bros. By cheque in
full settlement 685
29 Paid salaries 2400
31 Rent to due to S.Sharma but not yet paid200
Q.10. Journalize the following transactions and make the ledgers & trial balance: 2008
Apr 1 Commenced business with cash 25000
2 Paid into bank 23500
3 Bought goods from Ramesh & co, 5400
4 Sold goods to Rajesh 4800
7 Bought goods from Ram Chand 6450
8 Paid wages in cash 80
9 Sold goods to Mahesh Chand 5350
10 Received cheque from Rajesh 4680
(Discount allowed Rs120)
12 Paid to Ramesh & co. 5130 (Discount received Rs270)
13 Paid rent for three months up to march 400
14 Bought from C.Khare 7400
15 Paid wages in cash 80
16 Paid office expenses in cash 70
17 Sold to Jagdish 3200
18 Sold goods to Rajesh 1600
21 Sold goods to Mahesh Chand 2500
22 Payment received by cheque from Jagdish 3200
23 Paid wages 80
23 Paid office expenses in cash 50
23 Paid Ram Chand by cheque (Discount Rs320) 6130
24 Received cheque from Mahesh Chand 5200
(Discount Rs.150)
27 Mahesh Chand Returned goods 200
(Not up to sample)
28 Paid wages in cash 100
29 Paid office expenses 140
30 Paid salaries for the month 4300
31 Cash used at home 1000
Q.11. Journalize the following transactions and make the ledgers & trial balance: 2008
Jan 1 Suresh paid into bank as capital 6000
2 He bought goods for cheque 2400
3 Sold to Mukand & co. 670
4 Sold goods for cash 1090
5 Paid sundry expenses in cash 300
6 Cash sent to bank 1500
7 Received cheque from Mukand & co. and 650
Discount allowed 20
8 Paid wages 100
9 Paid for office furniture and fitting by cheque 500
10 Bought goods from Ramesh and Bros 1060
11 Sold to mahendra 1870
12 Returned goods to ramesh and bros 150
13 Sent cheque to Ramesh and bros in
Full settlement 900
14 Sold goods for cash 490
15 Paid into bank 500
16 Drew cash from office for personal use 2000
17 Bank charged interest 50
22 Paid cash for stationery 60
25 Bought goods from Mohan & co ltd. 1000
27 Received from Mahendra on account 600
30 banked (Cash sent to bank) 2000
Q.12. Journalize the following transactions and make the ledgers & trial balance: 2008
Jan 1 Started business with cash 10000
9 Purchased machinery for Rs.5000 from Jawahar and Gave him a cheque for the amount
15 Paid installation charges of machinery 100 20 Purchased timber from Naveen at the list price of
Rs.20000. he allowed trade discount 10%
23 Sold furniture to Naresh at the list price of Rs.1000 Allowed him 5% trade discount
25 Furniture costing Rs.500 was used in furnishing the office 28 Received a cheque from Naresh for Rs.930 in full
Settlement and sent the cheque to bank
29 Sent to Naveen in full settlement a cheque for Rs.1750 31 Paid wages rs.350 and rent Rs.200
Q.13. Journalize the following transactions and make the ledgers & trial balance: 2008
Jan 1 Ramesh had with from last year
Rs.5000 worth of goods and cash 10000
2 Wages due to Laboures 180
3 Insurance Premium due but not yet paid 200
4 Paid for charity 25
10 Received a V.P.P. for Rs.680 sent a peon to take Delivery of it and he paid Rs.5 for cartage
16 Paid Balkishan on account through bank 700 23 Received interest on loan from the debtor 45
24 Roop Narain returned goods 75
25 Goods returned to Sohan Lal Sethi 125
26 Received rent from sub-tenant 100
27 Kamal narain who owed Rs.850 become insolvent, Received from the official receiver a first and final
Composition of 50 p in rupees 425
28 Purchased a motor cycle for his son 4000
Q.14. Guru Prashad commenced business on 1st April 2008 with cash Rs.15000 and goods
Rs.3000. His other transaction during the month were as follows journalize these transactions: 2008
Apr 2 purchased a truck for business use 10000
3 Purchased goods from Ramesh & co. 4500
4 Sold goods to Tara Chand 2300
5 Purchased stationery 60
6 Sold goods to Harish & co. 1150
7 Sold goods to AB & co. 800
8 Paid to Rajesh and co. 5250
8 Discount allowed by them 50
9 Purchased goods from Vinay Sagar 2950
10 Paid cartage on above 10
11 Returned goods to Vinay Sagar 500
12 Cash sales 8000
14 Received from Harish and co in settlement 1130 15 Received from cash from AB and co. 700
And received goods from them 100
19 Purchased goods from Anand and co. 2980
20 Sold goods to general traders 2780
25 Paid accountant’s salary 15000
27 Paid drivers salary 2500
29 Paid rent 3000
30 Withdrew cash for private expenses 1000
Cash Book
Single Column Cash Book Q.1. Enter the following transactions in a Simple Cash Book: 2008
Jan. 1 Cash in Hand 1200
5 Received from Ram 300
7 Paid rent 30 8 Sold goods 300 10 Paid Shyam 700 27 Purchased furniture 200 31 Paid salaries 100 (Cash Balance 770) Q.2. Enter the following in Shri Shambunath’s Cash Book and show the balance: 2007
Oct. 1 Balance of cash in hand Rs.15000
8 Purchases goods for cash from X Rs.3200 15 Sold goods for Rs.4800 to Y
20 Received commission Rs.650 20 Paid commission Rs.550
28 Paid to Shantaram on account Rs.7150
31 Paid salary to the office clerk Rs.1000 and office rent Rs.600 (Cash Balance 3150)
Q.3. Write-up a trader’s Single Column Cash Book for the month of April 2008, from the following particulars:
April 1 Cash in Hand 2500
2 Cash sales 26000
3 Paid cheque to Creditors Rs.4990 after
Deducting cash Discount 310
4 Wages paid in cash 2250
4 Cash sales of Rs.1800 of which Rs.1500 was banked on April 7 9 Paid cash to transport Corporation of India Rs.450 against their
Bill No.265
10 Cash Sales rs.15000 of which Rs.12000 was banked on April 16
15 Paid wages in cash 2850
17 Paid cleaner in cash 360
19 Cash sales 11400
20 Paid cash for Window cleaning 180
21 Purchased goods o credit from U & Co. 1500
24 Paid wages in cash 2400
25 Paid cash for rates 3600
26 Cash sales 19200
29 Paid Electricity Bill in cash 900
30 Cash collected from Mahesh (Debtor) Rs.4500 after allowing discount of Rs.250
(Cash Balance 56610) Q.4. Enter the following transactions in a Single column Cash Book:
2008
April 1 Cash in Hand 5000
2 Cash sales 10000
4 Received from Pravin on account 3000
5 Purchased goods 6000
7 Loan given to Mohan 2000
8 Sold goods to Sohan in cash 8000
11 Purchased furniture 4000
12 Purchased Postal Stamps 500
14 Sold goods to Ram on credit 4500
15 Salary paid to accountant 500
18 Purchased goods 2500
19 Paid freight 200
20 Withdrew for personal use 1000
22 Received commission 2000
24 Paid to Shyam 2500
27 Received from Mohan 2000
29 Paid to Girish 1000
30 Rent paid 800
(Cash Balance 9000) Two-Column Cash Book (Cash Book with Cash and Bank Column)
Q.5. Record the following transactions in a Double Column Cash Book with Cash and Bank Column and balace the book on January 31, 2008:
2008
Jan 1 Cash balance 100
1 Bank Balance 1450
1 Cash received from sale of shares 6000
2 Paid into Bank 5000
3 Purchased goods from M/S. Agarwalla for Rs.1200 and paid by cheque
4 Paid wages 250
5 Received from Mohan a cheque for rs.980 in full settlement of a claim of rs.1000
8 Mohan’s cheque deposited into Bank
14 Paid for stationery 150
16 Bought goods 600
19 Paid Shyam by cheque 370
20 Drew from Bank 300 23 Cash drawn from Bank for personal use 200
24 Cash sales 170
27 Received from Sharma 1800
Allowed him Discount 200
28 Deposited cash into Bank 1500
29 Gave cheque for cash purchases 200
30 Paid rent by cheque 200
(Cash 870, Bank 6460)
Q.6. Enter the following transactions of M/s. Premier Trading Company in cash Book with Two Columns (Cash and Bank Columns). Balance the Cash Book as on 31st December 2007:
2007
Dec. 1 Cash in Hand 4000
1 Bank overdraft 1000
3 Received a cheque from Ram Lal on account Rs.290 and allowed him discount Rs.40
7 Ram Lal’s cheque deposited into Bank
11 Withdrew from the Bank for office use 800
12 Paid B/P by cheque 600
15 Cheque received from Chandulal of Rs.2400 and allowed him discount Rs.100
20 Issued a cheque for petty cash 100
26 Paid to Gupta by cheque Rs.920 and discount received Rs.30
28 Made cash sales 900
(Cash Balance 5700, Bank Balance –730) Q.7. Enter the following transactions in a Double-Column Cash Book.
2008
Jan 1 Chandrika commences business with cash 20000
2 He paid into bank current a/c 19000
3 He receives cheque from Kirti & Co.
on account 600
7 He pays into Bank Kirti & Co.’s cheque 600
10 He pays Ratan & Co. by cheque and 330 allowed discount Rs.20
13 Tripathi & co. pays into his Bank A/c 475 15 He receives cheque from Warsi and allows 450
him discount 35
20 He receives cash Rs.75 and cheque Rs.100 for cash sales 25 He pays into Bank, including cheques received
on 15th and 20th Jan 1000
27 He pays cheque for cash purchases 275
30 He pays sundry expenses in cash 50
31 He pays John & co. in cash and 375 allowed discount Rs.35
31 He pays office rent by cheque 200
31 He draws a cheque for personal use 250
31 He pays staff salaries by cheque 300 31 He draw a cheque for office use 400
31 He pays cash for stationery 25
31 He pays Jagpal by cheque for commission 300 32 He gives cheque to Ram Saran for cash
purchase of furniture for Office 1575 32 He receives cheque for commission from
Raghubir & Co. 500
31 He receives cheque from kesri & Co. 450
(Cash Balance 900, Bank Balance 17945) Q.8. Compile a three column Cash Book from the following transactions: 2008
Jan 1 Cash in hand 567
1 Cash at Bank 12675
2 Deposited in Bank 500
5 Received from A and allowed discount Rs.10 700
7 Purchased Furniture for cash 250
8 Paid to B by cheque and 745
received discount Rs.5
14 Received from C by cheque and deposited
into bank 500
15 Cash sales 785
15 Deposited into Bank 1000
17 Purchased a motor car and paid by cheque 5240 18 Paid by cheque to D and received discount Rs3 367
19 Withdrew from Bank for office use 250
22 Purchased goods for cash 350
25 Paid establishment expenses through bank 450
31 Paid rent in cash 50
(Cash Balance 242, Bank Balance 7623) Q.9 Compile a Bank Column Cash Book from the following transactions:
2008
June 1 Cash Balance 500
1 Bank balance 1750
5 Cash received from sale of shares 5500
6 Paid into Bank 5000
7 Paid S.Bose by cheque 1250
9 Paid wages in cash 300
19 Received from A. Mukherji by cheque and
sent to bank 600
21 Drawn from Bank 500
29 Paid office salaries in cash 400
30 Sold goods for cash and banked the same 800
30 Paid rent by cheque 100
30 Paid into Bank 750
(Cash balance 50, Bank Balance 7050) Q.10. Enter the following transactions in a Double Column Cash Book:
1) Commened business with cash Rs.50000
3) Received cash from Mohan Rs.950 in full settlement of a debt of Rs.1000
4) Boufht goods for cash Rs.10000 5) Bought goods by cheque Rs.15000
6) Sold goods for cheque for Rs.20000 and deposited in Bank on the same day
7) Paid to Arun by cheque Rs.1900 in full settlement of his account of Rs.2000
8) Drew from bank for office use Rs.1000
(Cash 1950, Bank 42100) Q.11. prepare a Cash Book:
1) Started business with cash 20000
2) Opened current account with the PNB 8000
3) Bought goods b cheque 150
4) Received cheque from Rama 2000
5) Sold goods for cash 40
6) Paid into Bank
Cash Rs.30
Cheque Rs.200
7) Paid Shyam by cheque 345
8) Paid carriage by cheque 180
9) Drew from bank cash for office 200
10) Paid wages by cheque 60
(Cash 12210, Bank 7295)
Purchase Book
Q.1 The Rough Book of M/s Narain and Co. contains the following: 2008
Feb 1 Purchased from M/s. Brown & Co. on credit: 5 gross pencils @ Rs. 100 per gross
1 gross registers @ Rs. 200 per dozen Less: Trade Discount @ 10%
Feb 2 Purchased for cash from the stationery Mart: 10 gross exercise books @ Rs.60 per sozen
Feb 3 Purchased computer printer for office use from M/s office Goods Co. on credit for Rs.4,000
Feb 4 Purchased on credit from The Paper Co.: 5 reams of white paper @ Rs.100 per ream 10 reams of ruled paper @ Rs.65 per ream Less: Trade Discount @ 10%
Feb 5 Purchased one dozen ink-pots @ Rs.10 each from M/s Verma Bros. on credit.
Make out the Purchases Book of M/s. Narain & Co.
(answer 3765)
Q.2. Enter the following transactions in Purchases Book of M/s. R.K. Brothers and pass the Journal entry:
2008
April 1 Purchased goods from Joshi Brothers on credit 10 Philips tubelights @ Rs.40 each, paid VAT @ 10% 50 Crompton bulbs @ Rs.10 each, paid VAT @ 10% April 10 Purchased goods from Rajesh Electric Store
25 heaters @ Rs.160 each, paid VAT @ 10%
15 Sunny fans @ Rs.600 each, 10% trade discount, paid VAT @ 10% April 16 Purchased goods from Sardar Electric Store
5 dozen Philips bulbs @ Rs.10 each, paid VAT @ 10% 20 power plugs @ Rs.25 each, paid VAT @ 10% The trade discount is 10% and freight charges are Rs.75
