|
Answer No:1
Journal Entries in the
books of Tania
for the month of August 2008
|
Date
|
Particulars
|
L/F
|
Dr.
Amount
|
Cr.
Amount
|
|
|
2008
Aug. 1
,,2
,, 3
,,7
,,14
,, 15
,, 16
,,20
,,25
,,30
|
Cash a/c Dr
To Tania’s Capital a/c
( Tania started business with cash)
|
|
50,000
4,000
10,000
20,000
15,000
10,000
5,000
10,000
500
1,500
|
50,000
4,000
10,000
20,000
15,000
10,000
5,000
10,000
500
1,500
|
|
|
Furniture a/c Dr
To Cash a/c
( Purchased furniture)
|
|
|
Purchases a/c
Dr
To Cash
(Purchased goods)
|
|
|
Purchases a/c Dr
To Sarah Trade Links a/c
(Goods purchased on credit)
|
|
|
Manohar a/c
Dr
To Sales a/c
(Sold on credit to Manohar)
|
|
|
Cash a/c
Dr
To Sales a/c
(Cash sales)
|
|
|
Cash a/c
Dr
To Manohar a/c
(Received cash from Manohar)
|
|
|
Sarah Trade Links a/c Dr
To Cash a/c
(Cash paid to Sarah Trade Links)
|
|
|
Rent a/c
Dr
To Cash a/c
( Rent Paid)
|
|
|
Salary a/c
Dr
To Cash
(Salary Paid )
|
|
|
|
|
|
1,26,000
|
1,26,000
|
|
|
|
|
|
Answer No: 2
Journal Entries in the
books of Sarah
for the Month of 2008 June
|
Date
|
Particulars
|
L/F
|
Dr.
Amount
|
Cr.
Amount
|
|
|
2008
June.1
,,2
,, 5
,,7
,,8
,, 10
,, 11
,,12
,,18
,,25
|
Cash a/c Dr
To Sarah’s Capital a/c
( Sarah started business with cash)
|
|
75,000
25,000
15,000
12,000
15,00
30,000
15,000
2,000
1,200
5,000
|
75,000
25,000
15,000
12,000
15,00
30,000
15,000
2,000
1,200
5,000
|
|
|
Machinery a/c
Dr
To Cash a/c
( Purchased Machinery)
|
|
|
Purchases a/c
Dr
To Cochin Traders a/c
(Purchased goods on credit)
|
|
|
Purchases a/c
Dr
To Cash a/c
(Goods purchased)
|
|
|
Cochin Traders a/c Dr
To Purchases Return a/c
(Goods returned to Cochin Traders)
|
|
|
Cash a/c Dr
To Sales a/c
(Cash sales)
|
|
|
John Satheesh a/c Dr
To Sales a/c
(Sold goods to John Satheesh)
|
|
|
Sales Return a/c Dr
To John Satheesh a/c
(John Satheesh returned good to us)
|
|
|
Cash a/c
Dr
To Commission a/c
( Received commission)
|
|
|
Drawings a/c Dr
To Cash
(Salary Paid )
|
|
|
|
|
1,26,000
|
1,26,000
|
|
|
|
|
|
Answer No: 3
Journal Entries in the
books of Donald Biju
for the Month of 2009 January
|
Date
|
Particulars
|
L/F
|
Dr.
Amount
|
Cr.
Amount
|
|
|
2009
Janu. 1
,, 2
,, 4
,, 5
,,10
,, 11
,, 15
,, 20
,, 21
,, 30
|
Cash a/c Dr
To Donald Biju’s Capital
a/c
( Donald Biju started business with
cash)
|
|
80,000
25,000
25,000
10,000
20,000
2,000
5,000
18,000
18,000
7,000
|
80,000
25,000
25,000
10,000
20,000
2,000
5,000
18,000
18,000
7,000
|
|
|
Canara Bank a/c
Dr
To Cash a/c
( Open account with Canara Bank)
|
|
|
Purchases a/c
Dr
To Quilon Trade Links
a/c
(Purchased goods on credit)
|
|
|
Furniture
a/c
Dr
To Cash a/c
(Purchased furniture)
|
|
|
Jomy
a/c Dr
To Sales a/c
(Sold goods to Jomy on credit)
|
|
|
Sales Returns a/c Dr
To Jomy a/c
(Jomy returned goods to us)
|
|
|
Bank a/c Dr
To Cash a/c
(Paid in to bank)
|
|
|
Cash a/c Dr
To Jomy a/c
(Cheque received from Jomy)
|
|
|
Bank a/c Dr
To Cash a/c
( Cheque sent to bank for collection)
|
|
|
Cash a/c Dr
To Bank
(Withdrew cash from bank )
|
|
|
|
|
2,10,000
|
2,10,000
|
|
|
|
|
|
|
