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How To Entered Journal Entry in the Books of Accounts




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




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