Journalise the following transaction in Mr Bajaj's books: 2014 april 1 Assets: cash in hand 860 - Accountancy - Recording of Transactions - II

Question

Journalise the following transaction in Mr Bajaj's books:
2014
april 1 Assets: cash in hand 860
cash in bank 140
leasehold premises 12000
machinery 6000
due from meetu 1460
due from pooja 3540
furniture 2000
Liabilities:loan 2000
due to rakesh 1500
april 2 purchased goods from Ajay 4500
april 3 goods sold 3000
april 4 purchased goods 3700
april 6 purchased goods from ram 7000
april 6 sold goods for cash 3000
april 8 paid for cash purchases 4950
discount allowed to mr bajaj 50
april 11 received cheque from anil on account 3000
april 16 meetu paid by cheque in full settlement 1400
april 24 drawn from bank for personal use 450
april 30 allowed interest on capital @ 5% p a 450
from 1st may 2000 to 30th april 2014
april 30 salaries for the month of april unpaid 750
april 30 rent for the month of april unpaid 250

Jayati Jawa · Accepted Answer

The solution to your query is provided below:

Journal

Date
Particulars
L F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

Apr 01
Cash A/c
Dr

860

Bank A/c
Dr

140

Leasehold Premises A/c
Dr

12,000

Machinery A/c
Dr

6,000

Meetu’s A/c
Dr

1,460

Pooja’s A/c
Dr

3,540

Furniture A/c
Dr

2,000

To Loan A/c

2,000

To Rakesh’s A/c

1,500

To Capital A/c

22,500

Apr 02
Purchases A/c
Dr

4,500

To Ajay’s A/c

4,500

Apr 03
Cash A/c
Dr

3,000

To Sales A/c

3,000

Apr 04
Purchases A/c
Dr

3,700

To Cash A/c

3,700

Apr 06
Purchases A/c
Dr

7,000

To Ram’s A/c

7,000

Apr 06
Cash A/c
Dr

3,000

To Sales A/c

3,000

Apr 08
Purchases A/c
Dr

5,000

To Discount Received A/c

50

To Cash A/c

4,950

Apr 11
Cheques-in-hand A/c
Dr

3,000

To Anil’s A/c

3,000

Apr 16
Cash A/c
Dr

1,400

Discount Allowed A/c
Dr

60

To Meetu’s A/c

1,460

Apr 24
Drawings A/c
Dr

450

To Bank A/c

450

Apr 30
Interest on Capital A/c
Dr

450

To Capital A/c

450

Apr 30
Salary A/c
Dr

750

To Outstanding Salaries A/c

750

Apr 30
Rent A/c
Dr

250

To Outstanding Rent A/c

250

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

Apr 01	Cash A/c	Dr.		860
	Bank A/c	Dr.		140
	Leasehold Premises A/c	Dr.		12,000
	Machinery A/c	Dr.		6,000
	Meetu’s A/c	Dr.		1,460
	Pooja’s A/c	Dr.		3,540
	Furniture A/c	Dr.		2,000
	To Loan A/c				2,000
	To Rakesh’s A/c				1,500
	To Capital A/c				22,500

Apr 02	Purchases A/c	Dr.		4,500
	To Ajay’s A/c				4,500

Apr 03	Cash A/c	Dr.		3,000
	To Sales A/c				3,000

Apr 04	Purchases A/c	Dr.		3,700
	To Cash A/c				3,700

Apr 06	Purchases A/c	Dr.		7,000
	To Ram’s A/c				7,000

Apr 06	Cash A/c	Dr.		3,000
	To Sales A/c				3,000

Apr 08	Purchases A/c	Dr.		5,000
	To Discount Received A/c				50
	To Cash A/c				4,950

Apr 11	Cheques-in-hand A/c	Dr.		3,000
	To Anil’s A/c				3,000

Apr 16	Cash A/c	Dr.		1,400
	Discount Allowed A/c	Dr.		60
	To Meetu’s A/c				1,460

Apr 24	Drawings A/c	Dr.		450
	To Bank A/c				450

Apr 30	Interest on Capital A/c	Dr.		450
	To Capital A/c				450

Apr 30	Salary A/c	Dr.		750
	To Outstanding Salaries A/c				750

Apr 30	Rent A/c	Dr.		250
	To Outstanding Rent A/c				250