No. Problems & Solutions
01.
Mr. Nirmal has the following transactions in the month of April. Write Journal Entries for the transactions. 10th April : 11th April : 13th April : 14th April : 16th April : 17th April : 19th April : 20th April : 21st April : 22nd April : 23rd April : 25th April : 26th April : 27th April : 28th April : 28th April : 29th April : 30th April : Commenced business with a capital of Rs. 1,00,000 Purchased goods from Veeru for Rs. 20,000 Purchased Goods for Cash Rs. 15,000 Purchased Goods from Abhiram for cash Rs. 9,000 Bought Goods from Shyam on credit Rs. 12,000 Sold goods worth Rs. 15,000 to Tarun Sold goods for cash Rs. 20,000 Sold goods to Utsav for cash Rs. 6,000 Sold goods to Pranav on credit Rs. 17,000 Returned goods to Veeru Rs.3,000 Goods returned from Tarun Rs. 1,000 Goods taken by the proprietor for personal use Rs. 1,000 Bought Land for Rs. 50,000 Purchased machinery for cash Rs. 45,000 Bought computer from Intel Computers for Rs. 25,000 Cash sales Rs. 15,000 Cash purchases Rs. 22,000 Bought furniture for proprietor's residence and paid cash Rs. 10,000Solution »
Hide/ShowJournal in the books of M/s _____ for the period from ____ to _____
Date
V/R
No.
Particulars
L/F
Debit Amount
(in Rs)
Credit Amount
(in Rs)
April 10th – Cash a/c To Capital a/c [Being the amount received from Mr. Nirmal, the proprietor as his capital contribution vide receipt no:__ dated:__ ] Dr – – 1,00,000 1,00,000 11th – Goods/Stock a/c To Veeru a/c [Being the value of stock purchased from Mr. Veeru vide bill no:___ dated:__ ] Dr – – 20,000 20,000 13th – Goods/Stock a/c To Cash a/c [Being the value of stock purchased from M/s ___ vide bill no:___ dated:__ ] Dr – – 15,000 15,000 14th – Goods/Stock a/c To Cash a/c [Being the the value of stock purchased from Mr. Abhiram for cash vide bill no:___ dated:__ ] Dr – – 9,000 9,000 16th – Goods/Stock a/c Dr – 12,000Journal :: Problems & Solutions
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To Shyam a/c [Being the value of stock purchased from Mr. Shyam vide bill no:___ dated:__ ] – 12,000 17th – Tarun a/c To Goods/Stock a/c [Being the value of stock sold on credit to Mr. Tarun vide bill no:___ dated:__ ] Dr – – 15,000 15,000 19th – Cash a/c To Goods/Stock a/c [Being the value of stock sold to M/s ___vide bill no:___ dated:__ ] Dr – – 20,000 20,000 20th – Cash a/c To Goods/Stock a/c [Being the value of stock sold to Mr. Utsav for cash vide bill no:___ dated:__ ] Dr – – 6,000 6,000 21st – Pranav a/c To Goods/Stock a/c [Being the value of stock sold to Mr. Pranav on credit vide bill no:___ dated:__ ] Dr – – 17,000 17,000 22nd – Veeru a/c To Goods/Stock a/c [Being the value of stock returned to Mr. Veeru vide bill no:___ dated:__ ] Dr – – 3,000 3,000 23rd – Goods/Stock a/c To Tarun a/c [Being the value of stock returned from Mr. Tarun vide bill no:___ dated:__ ] Dr – – 1,000 1,000 25th – Drawings a/c To Goods/Stock a/c [Being the value of stock taken by the proprietor vide bill no:___ dated:__ ] Dr – – 1,000 1,000 26th – Land a/c To Cash a/c [Being the amount paid for land purchsed vide bill no:___ dated:__ ] Dr – – 50,000 50,000 27th – Machinery a/c To Cash a/c [Being the amount paid for machinery purchsed vide bill no:___ dated:__ ] Dr – – 45,000 45,000 28th – Computers a/c To Intel Computers a/c [Being the amount of computer purchased from M/S Intel Computers on credit vide bill no:___ dated:__ ] Dr – – 25,000 25,000 29th – Cash a/c To To Goods/Stock a/c [Being the value of stock sold for cash vide bill no:___ dated:__ ] Dr – – 15,000 15,000 29th – Goods/Stock a/c To Cash a/c [Being the value of stock purchased for cash vide bill no:___ dated:__ ] Dr – – 22,000 22,000 30th – Drawings a/c To Cash a/c [Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ dated:__ ] Dr – – 1,000 1,000
No. Problems & Solutions
02.
Journalise the following transactions in the books of Rama & Sons 3rd May : Cash deposited into bank Rs. 60,000
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4th May : 4th May : 5th May : 5th May : 5th May : 6th May : 6th May : 6th May : 7th May : 7th May : 8th May : 8th May : 9th May : 9th May : 9th May : Loan given to Bhuvan Rs. 20,000 Paid cash to Veeru Rs. 20,000 Paid to Veeru by cheque Rs. 15,000 Cash received from Tarun Rs. 12,000 Took loan from Anush Rs. 15,000 Cheque received from Pranav Rs. 15,000 Paid to Intel Computers by cheque Rs. 17,000 Withdrew from bank Rs. 5,000 Withdrew from bank for office use Rs. 8,000 Cash received from Bhuvan on loan account Rs. 10,000 Withdrew from bank for personal use Rs. 1,000 Cash taken by proprietor for personal use Rs. 3,000 Bought furniture and paid by cheque Rs. 15,000 Paid to Anush by cheque on loan account Rs. 5,000 Brought additional capital of Rs. 25,000
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Hide/ShowNo. Problems & Solutions
03.
Write journal entries in the books of Chikky & Bros. 10th June : 11th June : 13th June : 14th June : 15th June : 17th June : 18th June : 19th June : 20th June : 22nd June : Paid wages Rs. 12,000 paid rent by cheque Rs. 10,000 Paid salary to Mr. Charan Rs. 12,000 Purchased stationery from Kagaz & Co. and paid by cheque Rs. 5,000 Received interest Rs. 14,000 Received commission by cheque Rs. 6,000 Rent received from Mr.Mody Rs. 8,000 Interest received from Mr.Bijju by cheque Rs. 10,000 Carriage paid on purchase of goods Rs. 3,000 Carriage paid on sale of goods Rs. 2,000Solution »
Journal in the books of M/s Chikky & Bros. for the period from ____ to _____
Date
V/R
No.
Particulars
L/F
Debit Amount
(in Rs)
Credit Amount
(in Rs)
June 10th – Wages a/c To Cash a/c [Being the amount of cash paid towards wages vide vocher no:___ dated:__] Dr – – 12,000 12,000 11th – Rent a/c To Bank a/c [Being the amount paid by cheque no.____ date ____ towards rent vide vocher no:___ dated:__] Dr – – 10,000 10,000 13th – Salary a/c To Cash a/c [Being the amount of cash paid towards Salary to Mr. Charn vide vocher no:___ dated:__] Dr – – 12,000 12,000|
COMPOSE
14th – Stationery a/c To Bank a/c [Being the amount paid by cheque no.____ date ____ towards stationery purchased from Kagaz & co. vide vocher no:___ dated:__] Dr – – 5,000 5,000 15th – Cash a/c To Interest a/c [Being the amount of cash received towards interest vide receipt no:___ dated:__] Dr – – 14,000 14,000 17th – Bank a/c To Commission a/c [Being the amount recieved by cheque no. ____ date____ towards commission vide receipt no:___ dated:__] Dr – – 6,000 6,000 18th – Cash a/c To Rent a/c [Being the amount of cash received towards rent from Mr. Mody vide receipt no:___ dated:__] Dr – – 8,000 8,000 19th – Bank a/c To Interest a/c [Being the amount recieved by cheque no. ____ date____ towards interest from Bijju vide receipt no:___ dated:__] Dr – – 10,000 10,000 20th – Carriage on Purchases a/c To Cash a/c [Being the amount of cash paid towards carriage on goods purchased vide vocher no:___ dated:__] Dr – – 3,000 3,000 22nd – Carriage on Sales a/c To Cash a/c [Being the amount of cash paid towards carriage on goods sold vide vocher no:___ dated:__] Dr – – 2,000 2,000 Author Credit : The Edifier