How To Entered Journal Entry in the Books of Accounts
Enter the following transaction in a
Journal
|
Date
|
Transaction
|
Amounts
|
|
15/04/2016
|
Zaki come in
business with Cash
|
5,00,000
|
|
20/04/2016
|
Purchases Machinery
by Cash
|
1,50,000
|
|
20/04/2016
|
Paid to Hamali and
Transportation
|
25,300
|
|
25/04/2016
|
Purchases Furniture
by Cash
|
35,600
|
|
01/05/2016
|
Purchases Raw Material from A & T Ltd.
|
1,06,500
|
|
05/05/2016
|
Open New Currant
Account in SBI
|
15,000
|
|
06/05/2016
|
Salary paid by Cash
|
5,000
|
|
13/05/2016
|
Goods Sales to
Ashok Trading
|
75,500
|
|
20/05/2016
|
Received from Ashok
Trading by Cheque
|
75,500
|
|
21/05/2016
|
Paid to A & T
Ltd. By Cheque 101500
And Rs. 5000 is
Discount Discount.
|
1,06,500
|
Solution : The
Journal will look
|
Date
|
Particulars
|
Debit
|
Credit
|
|
15/04/2016
|
Cash A/c.......................................Dr.
To Tanish (Capital)
A/c..................Cr.
(Tanish Come in Business)
|
5,00,000
|
5,00,000
|
|
20/04/2016
|
Machinery A/c...............................Dr.
To Cash
A/c...........................Cr
(Purchases Machinery by Cash)
|
1,50,000
|
1,50,000
|
|
20/04/2016
|
Hamali and Transportation A/c.........Dr
To Cash
A/c...................................Cr.
(Machinery Hamli & Transporting Exp.)
|
25,300
|
25,300
|
|
25/04/2016
|
Furniture A/c.................................Dr.
To Cash A/c...................................Cr.
(Furniture purchases for office Use)
|
35,600
|
35,600
|
|
01/05/2016
|
Raw Material A/c............................Dr.
To A & T Ltd.
A/c...........................Cr.
(Credit Purchases)
|
1,06,500
|
1,06,500
|
|
05/05/2016
|
SBI A/c.........................................Dr.
To Cash
A/c...................................Cr.
(Open New Current Account)
|
15000
|
15000
|
|
06/05/2016
|
Salary A/c.....................................Dr.
To Cash A/c...................................Cr.
(Paid to Suresh for the Month April)
|
5000
|
5000
|
|
13/05/2016
|
Ashok Trading A/c..........................Dr.
To Goods
A/c.................................Cr.
(Goods sales on Credit Basis)
|
75,500
|
75,500
|
|
20/05/2016
|
SBI A/c .........................................Dr.
To Ashok Trading
A/c.....................Cr.
(Cheque No. 005555)
|
75,500
|
75,500
|
|
21/05/2016
|
A & T Ltd. A/c.................................Dr.
To SBI A/c......................................Cr.
To Discount
A/c..............................Cr.
(Cheque No. 005855, and Discount Rec.)
|
1,06,500
|
1,01,500
5000
|
Explain
the Ledger Under Rule of Accounts
|
Cash
Tanish
|
Dr. Real Account
Cr. Personal Account
|
Machinery
Cash
|
Dr. Real Account
Cr. Real Account
|
|
Furniture
Cash
|
Dr.
Real Account
Cr. Real Account
|
Raw Material
A & T. Ltd.
|
Dr.
Real Account
Cr. Personal Account
|
|
SBI
Cash
|
Dr.
Personal Account
Cr.
Real Account
|
Salary
Cash
|
Dr.
Nominal Account
Cr.
Real Account
|
|
Ashok Trading
Goods
|
Dr.
Personal Account
Cr.
Real Account
|
SBI
Ashok Trading
|
Dr.
Personal Account
Cr. Personal Account
|
|
A & T Ltd.
|
Dr.
Personal Account
|
SBI
Discount
|
Dr.
Personal Account
Cr. Nominal Account
|