KEMBAR78
Journal Entry Question | PDF
Scribd
Upload
730 views2 pages

Journal Entry Question

Mr. Anmol started a business with cash of Rs. 11,00,000, goods of Rs. 2,00,000, and furniture of Rs. 3,00,000 in addition to a bank loan of Rs. 7,00,000. The document then lists 30 transactions involving the purchase and sale of goods and other assets, payment of expenses, receipt of payments from customers, and other activities related to running the business.

Uploaded by

Sam Nirmal Pandian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
730 views2 pages

Journal Entry Question

Mr. Anmol started a business with cash of Rs. 11,00,000, goods of Rs. 2,00,000, and furniture of Rs. 3,00,000 in addition to a bank loan of Rs. 7,00,000. The document then lists 30 transactions involving the purchase and sale of goods and other assets, payment of expenses, receipt of payments from customers, and other activities related to running the business.

Uploaded by

Sam Nirmal Pandian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Journalise the following transactions given below

Mr. Anmol Started business with cash of Rs. 11,00,000, goods of Rs. 2,00,000, Furniture of
1
Rs. 3,00,000 and Bank Loan of Rs. 7,00,000.
2 purchase goods of Rs. 5,00,000.
3 Sold goods of Rs. 3,50,000.
4 purchase machinery of Rs. 2,00,000 from tej.
5 Sold old furniture of Rs. 50,000 to Atul.
6 Cash Sales of Rs. 10,000.
7 Cash purchase of Rs. 20,000.
8 Deposited Rs. 18,000 in Dena Bank.
9 paid insurance premium of Rs. 15,000 by cheque.
10 Paid Life insurance premium of family of Rs. 27,000.
11 Goods of Rs. 15,000 Distributed as free Sample.
12 Anmol won lottery price of Rs. 7,000 and introduced the same into the business.
13 Purchase goods of Rs. 30,000 at 3% TD and 1.5% CD.
14 Sold goods of Rs. 35,000 to Vijay at 10% TD and 75% CD.
15 Purchase 10 tables at the rate of Rs. 1,000 each and also paid Rs. 2,000 for repairing the same.
16 paid salary of Rs. 11,000 by cheque.
17 Received an order for goods of Rs. 15,000 From Ajay.
18 Goods lost by fire of Rs. 10,000.
We executed the order which was placed by Ajay in transaction no. 17. and we also paid
19
carriage of Rs. 200 on his behalf.
20 Part of Machinery costing of Rs. 15,000 sold at 20% loss.
21 Sold Goods of Rs. 21,000 to Sumit.
22 Purchase goods of Rs. 32,000 from Hiren at 10% TD and 5% CD.
23 Goods of Rs. 1,000 returned by sumit.
24 Goods of Rs. 2,000 (Gross) returned to Hiren.
25 Received Dividend of Rs. 2,000 by cheque.
26 Goods of Rs. 5,000 lost by fire and insurance company accepted the claims of Rs. 3,000.
27 Sumit became insolvent and only Rs. 10,000 were received from him in full settlement.
28 Bought stationery for Rs. 500 for office use.
29 Paid rent of Rs. 10,000 to Rohit.
30 placed an order for goods of Rs. 20,000 to jainam.

You might also like