Q 8. Joumalise the following transactions in the books oi Mr. Akshay Kumar.
1. 1-2-95 started the business with cash of Rs. 35,000 and building of Rs. 1,00,00.
2. 2-2-95 placed an order to Tandon Stores to send the goods of Rs. 8,000.
3. 4-2-95 deposited Rs. 5,000 in bank to open a current account and bank had sanctioned the over-draft facility of Rs. 15,000.
4. 7-2-95 received the goods from Tandon Stores after deducting 10% trade discount, paid half amount by cash.
5. 10-2-95 purchased the goods of Rs. 6,000 from Mr. Ajay. paid half the amount by cheque.
6. 12-2-95 2/3 of the goods purchased irom Ajay was sold the Mamta after adding 40% profit on cost.
7. 15-2-92 purchased 100 shares of Deewana Ltd. for Rs. 50 per share the face value of the share is Rs. 10 per share.
8. 18-2-92 cash of Rs. 1,000 and goods of Rs. 500 was given as donation.
9. 21-2-92 received dividend at 10% on shares of Deewana Ltd.
10. 23-2-95 purchased weighing (Dead stock) scale for Rs. 2,000.
11. 26-2-95 Mamta had returned the goods of Rs. 560 which was immediately returned to Ajay.
12. 28-2-95 Mamta declared Insolvent and Rs. 2,000 is received from her as final settlement.
Q9. Journalise in books of Mr. Dinesh.
1. 1-1-95 purchased goods of Rs. 5,000 at 10% trade discount and 10% cash discount and paid half the amount by cash to Mr. Bhupesh.
2. 5-1-95 sold the goods of Rs. 6,000 at 5% cash discount to Mr. Ramesh. received halt oi the amount by cheque.
3. 9-1-95 on behalf of Dinesh. Mahesh had sent the goods oi Rs. 3,000 to Jayesh
4. 15-1-95 goods of Rs. 2,000 damaged by rain and the same was soldier Rs. 800.
5. 19-1-95 received Rs. 2,400 from Mr. Ashok after deducting 20% cash discount.
6. 23-1-95 paid office salary of Rs. 1,000 in cash and received dividend of Rs. 400 by cheque. 7. 31-1-95 received Rs. 2,900 from Ramesh to settle accounts.
Q10. Journalise in books of Rahul Gandhi. 1. 1-6-95 started business with cash of Rs. 70,000 and stock of Rs. 24,000.
2. 5-6-95 purchased the goods of Rs. 10,000 at 10% trade discount and 5% cash discount from Mr. Varun. paid half amount by cheque.
3. 15-6-95 sold the goods of Rs. 8,000 at 10% trade discount and 2 % cash discount to Meneka Gandhi, received 1/4th amount by cheque.
4. 18-6-95 purchased 100 shares of Maruti Ltd. tor Rs. 300 per share, the face value ot the share is 20 per share.
5. 21-6-95 withdrawn Rs. 1,500 from Bank tor office expenses.
6. 26-6-95 donated Rs. 1,000 cash and goods of Rs. 1,500.
7. 28-6-95 cow ate a note of Rs. 500.
8. Received 20% dividend on shares of Maruti Ltd. by cheque.
(Not specified cheque deposited in question)
Q 8. Joumalise the following transactions in the books oi Mr. Akshay Kumar.
1. 1-2-95 started the business with cash of Rs. 35,000 and building of Rs. 1,00,00.
2. 2-2-95 placed an order to Tandon Stores to send the goods of Rs. 8,000.
3. 4-2-95 deposited Rs. 5,000 in bank to open a current account and bank had sanctioned the over-draft facility of Rs. 15,000.
4. 7-2-95 received the goods from Tandon Stores after deducting 10% trade discount, paid half amount by cash.
5. 10-2-95 purchased the goods of Rs. 6,000 from Mr. Ajay. paid half the amount by cheque.
6. 12-2-95 2/3 of the goods purchased irom Ajay was sold the Mamta after adding 40% profit on cost.
7. 15-2-92 purchased 100 shares of Deewana Ltd. for Rs. 50 per share the face value of the share is Rs. 10 per share.
8. 18-2-92 cash of Rs. 1,000 and goods of Rs. 500 was given as donation.
9. 21-2-92 received dividend at 10% on shares of Deewana Ltd.
10. 23-2-95 purchased weighing (Dead stock) scale for Rs. 2,000.
11. 26-2-95 Mamta had returned the goods of Rs. 560 which was immediately returned to Ajay.
12. 28-2-95 Mamta declared Insolvent and Rs. 2,000 is received from her as final settlement.
Q9. Journalise in books of Mr. Dinesh.
1. 1-1-95 purchased goods of Rs. 5,000 at 10% trade discount and 10% cash discount and paid half the amount by cash to Mr. Bhupesh.
2. 5-1-95 sold the goods of Rs. 6,000 at 5% cash discount to Mr. Ramesh. received halt oi the amount by cheque.
3. 9-1-95 on behalf of Dinesh. Mahesh had sent the goods oi Rs. 3,000 to Jayesh
4. 15-1-95 goods of Rs. 2,000 damaged by rain and the same was soldier Rs. 800.
5. 19-1-95 received Rs. 2,400 from Mr. Ashok after deducting 20% cash discount.
6. 23-1-95 paid office salary of Rs. 1,000 in cash and received dividend of Rs. 400 by cheque.
7. 31-1-95 received Rs. 2,900 from Ramesh to settle accounts.
Q10. Journalise in books of Rahul Gandhi.
1. 1-6-95 started business with cash of Rs. 70,000 and stock of Rs. 24,000.
2. 5-6-95 purchased the goods of Rs. 10,000 at 10% trade discount and 5% cash discount from Mr. Varun. paid half amount by cheque.
3. 15-6-95 sold the goods of Rs. 8,000 at 10% trade discount and 2 % cash discount to Meneka Gandhi, received 1/4th amount by cheque.
4. 18-6-95 purchased 100 shares of Maruti Ltd. tor Rs. 300 per share, the face value ot the share is 20 per share.
5. 21-6-95 withdrawn Rs. 1,500 from Bank tor office expenses.
6. 26-6-95 donated Rs. 1,000 cash and goods of Rs. 1,500.
7. 28-6-95 cow ate a note of Rs. 500.
8. Received 20% dividend on shares of Maruti Ltd. by cheque.