Plz slove all transatication 02 03 plz slove
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Q.3
Ans
Opening entry :
Transactions :
Please note that For entry of Dec 23 , It is given that Withdrew cash for personal use , Here i have treated it as Cash withdrawn from bank for personal use, hence directly debited Drawings and credited bank .
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Q.3
Ans
Opening entry :
Cash In hand | Dr. | 28,000 | |
Cash at bank | Dr. | 50,000 | |
Stock of goods | Dr. | 16,500 | |
Gautam | Dr. | 18,000 | |
To Hemant A/c | 15,000 | ||
To Capital A/c (Balancing figure) | 97,500 | ||
(Being opening assets and liabilities recorded) |
Transactions :
Journal | ||||
Date | Particulars | Debit Amount (Rs.) | Credit Amount (Rs.) | |
Dec | ||||
3 | Purchase | Dr. | 4,000 | |
To Cash | 4,000 | |||
(Being goods purchased for cash) | ||||
5 | Bank A/c | Dr. | 10,000 | |
To Cash A/c | 10,000 | |||
(Being cash deposited in bank) | ||||
8 | Dhiraj | Dr. | 10,000 | |
To Sales A/c | 10,000 | |||
(Being goods sold to dhiraj) | ||||
10 | Advertisement Expenses | Dr. | 1,600 | |
To Cash A/c | 1,600 | |||
(Being Advertisement expenses paid) | ||||
11 | Wages | Dr. | 6,800 | |
To Cash A/c | 6,800 | |||
(Being wages paid) | ||||
13 | Purchase A/c | Dr. | 14,000 | |
To Hemant A/c | 14,000 | |||
(Being goods purchased from hemant) | ||||
14 | Stationery A/c | Dr. | 600 | |
To Cash A/c | 600 | |||
(Being paid for stationery) | ||||
16 | Hemant | Dr. | 2,000 | |
To Purchase Return A/c | 2,000 | |||
(Being goods returned) | ||||
19 | Hemant | Dr. | 8,200 | |
To Discount Received | 200 | |||
To Bank | 8,000 | |||
(Being paid to hemant and received Rs 200 discount) | ||||
20 | Salary A/c | Dr. | 10,500 | |
To Cash A/c | 10,500 | |||
(Being Salaries paid) | ||||
23 | Drawings A/c | Dr. | 5,000 | |
To Bank A/c | 5,000 | |||
(Being cash withdrawn from bak for personal expenses) | ||||
25 | Krishna & Co. | Dr. | 13,000 | |
To Sales | 13,000 | |||
(Being sold to krishna & Co.) | ||||
26 | Cash A/c | Dr. | 6,000 | |
To Sales | 6,000 | |||
(Being goods sold for cash) | ||||
31 | Bank Charges | Dr. | 150 | |
To Bank | 150 | |||
(Being bank charges deducted by bank) | ||||
Claim for Defective goods | Dr. | 1,200 | ||
To Krishna & Co. | 1,200 | |||
(Being claim admitted to krishna & co. for defective goods) |
Please note that For entry of Dec 23 , It is given that Withdrew cash for personal use , Here i have treated it as Cash withdrawn from bank for personal use, hence directly debited Drawings and credited bank .
Please ask other question in different thread so that we can help you at the earliest.
Keep posting
Regards