Select Board & Class
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5. 21-6-95 withdrawn Rs. 1,500 from Bank tor office expenses.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.
E.g: 9876543210, 01112345678
We will give you a call shortly, Thank You
Office hours: 9:00 am to 9:00 pm IST (7 days a week)
Syllabus
(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.
(i) Paid cash to Bhavna on behalf of Sangeeta Rs. 1100.
(11) Received cash from Azhar Rs. 2000 on behalf of Sachin.
(iii) Contractors Bill for construction of shed in the building was paid by a crossed cheque for Rs 17000
(iv) Sent a cheque to Kumar for Rs. 1980 after deducting discount of Rs.20. But Kumar disallowed the discount
(v) Admitted a claim of Vasu for goods damaged in transit for Rs. 350.
"Naina purchased goods from Jagdish for Rs.70000/-.
Can you please record this in single entry system and double entry system of book keeping?
And explain