Journal :: Problems & Solutions

No.

Problems & Solutions

01.

Mr. Nirmal has the following transactions in the month of April.

Write Journal Entries for the transactions.

10th April :
11th April :
13th April :
14th April :
16th April :
17th April :
19th April :
20th April :
21st April :
22nd April :
23rd April :
25th April :
26th April :
27th April :
28th April :
28th April :
29th April :
30th April : Commenced business with a capital of Rs. 1,00,000
Purchased goods from Veeru for Rs. 20,000
Purchased Goods for Cash Rs. 15,000
Purchased Goods from Abhiram for cash Rs. 9,000
Bought Goods from Shyam on credit Rs. 12,000
Sold goods worth Rs. 15,000 to Tarun
Sold goods for cash Rs. 20,000
Sold goods to Utsav for cash Rs. 6,000
Sold goods to Pranav on credit Rs. 17,000
Returned goods to Veeru Rs.3,000
Goods returned from Tarun Rs. 1,000
Goods taken by the proprietor for personal use Rs. 1,000
Bought Land for Rs. 50,000
Purchased machinery for cash Rs. 45,000
Bought computer from Intel Computers for Rs. 25,000
Cash sales Rs. 15,000
Cash purchases Rs. 22,000
Bought furniture for proprietor's residence and paid cash Rs. 10,000

Solution »

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Journal in the books of M/s _____ for the period from ____ to _____

Date V/R
No. Particulars L/F Debit Amount
(in Rs) Credit Amount
(in Rs)

April 10th – Cash a/c
To Capital a/c
[Being the amount received from Mr. Nirmal, the proprietor as his capital contribution vide receipt no:__ dated:__ ] Dr –
– 1,00,000
1,00,000

11th – Goods/Stock a/c
To Veeru a/c
[Being the value of stock purchased from Mr. Veeru vide bill no:___ dated:__ ] Dr –
– 20,000
20,000

13th – Goods/Stock a/c
To Cash a/c
[Being the value of stock purchased from M/s ___ vide bill no:___ dated:__ ] Dr –
– 15,000
15,000

14th – Goods/Stock a/c
To Cash a/c
[Being the the value of stock purchased from Mr. Abhiram for cash vide bill no:___ dated:__ ] Dr –
– 9,000
9,000

16th – Goods/Stock a/c
To Shyam a/c
[Being the value of stock purchased from Mr. Shyam vide bill no:___ dated:__ ] Dr –
– 12,000
12,000

17th – Tarun a/c
To Goods/Stock a/c
[Being the value of stock sold on credit to Mr. Tarun vide bill no:___ dated:__ ] Dr –
– 15,000
15,000

19th – Cash a/c
To Goods/Stock a/c
[Being the value of stock sold to M/s ___vide bill no:___ dated:__ ] Dr –
– 20,000
20,000

20th – Cash a/c
To Goods/Stock a/c
[Being the value of stock sold to Mr. Utsav for cash vide bill no:___ dated:__ ] Dr –
– 6,000
6,000

21st – Pranav a/c
To Goods/Stock a/c
[Being the value of stock sold to Mr. Pranav on credit vide bill no:___ dated:__ ] Dr –
– 17,000
17,000

22nd – Veeru a/c
To Goods/Stock a/c
[Being the value of stock returned to Mr. Veeru vide bill no:___ dated:__ ] Dr –
– 3,000
3,000

23rd – Goods/Stock a/c
To Tarun a/c
[Being the value of stock returned from Mr. Tarun vide bill no:___ dated:__ ] Dr –
– 1,000
1,000

25th – Drawings a/c
To Goods/Stock a/c
[Being the value of stock taken by the proprietor vide bill no:___ dated:__ ] Dr –
– 1,000
1,000

26th – Land a/c
To Cash a/c
[Being the amount paid for land purchsed vide bill no:___ dated:__ ] Dr –
– 50,000
50,000

27th – Machinery a/c
To Cash a/c
[Being the amount paid for machinery purchsed vide bill no:___ dated:__ ] Dr –
– 45,000
45,000

28th – Computers a/c
To Intel Computers a/c
[Being the amount of computer purchased from M/S Intel Computers on credit vide bill no:___ dated:__ ] Dr –
– 25,000
25,000

29th – Cash a/c
To To Goods/Stock a/c
[Being the value of stock sold for cash vide bill no:___ dated:__ ] Dr –
– 15,000
15,000

29th – Goods/Stock a/c
To Cash a/c
[Being the value of stock purchased for cash vide bill no:___ dated:__ ] Dr –
– 22,000
22,000

30th – Drawings a/c
To Cash a/c
[Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ dated:__ ] Dr –
– 1,000
1,000

No. Problems & Solutions

02.
Journalise the following transactions in the books of Rama & Sons

3rd May :
4th May :
4th May :
5th May :
5th May :
5th May :
6th May :
6th May :
6th May :
7th May :
7th May :
8th May :
8th May :
9th May :
9th May :
9th May : Cash deposited into bank Rs. 60,000
Loan given to Bhuvan Rs. 20,000
Paid cash to Veeru Rs. 20,000
Paid to Veeru by cheque Rs. 15,000
Cash received from Tarun Rs. 12,000
Took loan from Anush Rs. 15,000
Cheque received from Pranav Rs. 15,000
Paid to Intel Computers by cheque Rs. 17,000
Withdrew from bank Rs. 5,000
Withdrew from bank for office use Rs. 8,000
Cash received from Bhuvan on loan account Rs. 10,000
Withdrew from bank for personal use Rs. 1,000
Cash taken by proprietor for personal use Rs. 3,000
Bought furniture and paid by cheque Rs. 15,000
Paid to Anush by cheque on loan account Rs. 5,000
Brought additional capital of Rs. 25,000

Solution »

Hide/Show

Journal in the books of M/s Rama & Sons for the period from ____ to _____

Date V/R
No. Particulars L/F Debit Amount
(in Rs) Credit Amount
(in Rs)

May 3rd – Bank a/c
To Cash a/c
[Being the amount of cash deposited into bank vide vocher no:___ dated:__] Dr –
– 60,000
60,000

4th – Loan to Bhuvan a/c
To Cash a/c
[Being the amount of cash given as loan to Bhuvan vide vocher no:___ dated:__ ] Dr –
– 20,000
20,000

4th – Veeru a/c
To Cash a/c
[Being the amount of cash paid to Veeru vide vocher no:___ dated:__ ] Dr –
– 20,000
20,000

5th – Veeru a/c
To Bank a/c
[Being the amount paid by cheque no. ___ dated ___ to veeru on account vide bill no:___ dated:__ ] Dr –
– 15,000
15,000

5th – Cash a/c
To Tarun a/c
[Being the amount of cash received from Tarun vide cash receipt no:___ dated:__ ] Dr –
– 12,000
12,000

5th – Cash a/c
To Loan from Anush a/c
[Being the amount of loan taken from Anush vide their cash bill no:___ dated:__ ] Dr –
– 15,000
15,000

6th – Bank a/c
To Pranav a/c
[Being the amount received by cheque no. ____ date ____from Pranav vide their cash bill no:___ dated:__ ] Dr –
– 15,000
15,000

6th – Intel Computers a/c
To Bank a/c
[Being the amount paid by cheque no. ____ date ____to Intel Computers vide bill no:___ dated:__ ] Dr –
– 17,000
17,000

6th – Cash a/c
To Bank a/c
[Being the amount of cash withdrawn from bank vide bill no:___ dated:__ ] Dr –
– 5,000
5,000

7th – Cash a/c
To Bank a/c
[Being the amount of cash withdrawn from bank vide bill no:___ dated:__ ] Dr –
– 8,000
8,000

7th – Cash a/c
To Loan to Bhuvan a/c
[Being the amount of cash received from Bhuvan vide cash receipt no:___ dated:__ ] Dr –
– 10,000
10,000

8th – Drawings a/c
To Bank a/c
[Being the amount of cash withdrawn from bank for personal use vide bill no:___ dated:__ ] Dr –
– 1,000
1,000

8th – Drawings a/c
To Cash a/c
[Being the amount of cash taken by the proprietor vide vocher no:___ dated:__ ] Dr –
– 3,000
3,000

9th – Furniture a/c
To Bank a/c
[Being the amount paid by cheque no ____ date ____ towards the purchase of furniture vide bill no:___ dated:__ ] Dr –
– 15,000
15,000

9th – Loan from Anush a/c
To Bank a/c
[Being the amount paid by cheque no ____ date ____ towards repayment of loan from Anush vide vocher no:___ dated:__ ] Dr –
– 5,000
5,000

9th – Cash a/c
To Capital a/c
[Being the amount received from propritor as capital vide cash receipt no:___ dated:__ ] Dr –
– 25,000
25,000

No. Problems & Solutions

03.
Write journal entries in the books of Chikky & Bros.

10th June :
11th June :
13th June :
14th June :
15th June :
17th June :
18th June :
19th June :
20th June :
22nd June : Paid wages Rs. 12,000
paid rent by cheque Rs. 10,000
Paid salary to Mr. Charan Rs. 12,000
Purchased stationery from Kagaz & Co. and paid by cheque Rs. 5,000
Received interest Rs. 14,000
Received commission by cheque Rs. 6,000
Rent received from Mr.Mody Rs. 8,000
Interest received from Mr.Bijju by cheque Rs. 10,000
Carriage paid on purchase of goods Rs. 3,000
Carriage paid on sale of goods Rs. 2,000

Solution »

Journal in the books of M/s Chikky & Bros. for the period from ____ to _____

Date V/R
No. Particulars L/F Debit Amount
(in Rs) Credit Amount
(in Rs)

June 10th – Wages a/c
To Cash a/c
[Being the amount of cash paid towards wages vide vocher no:___ dated:__] Dr –
– 12,000
12,000

11th – Rent a/c
To Bank a/c
[Being the amount paid by cheque no.____ date ____ towards rent vide vocher no:___ dated:__] Dr –
– 10,000
10,000

13th – Salary a/c
To Cash a/c
[Being the amount of cash paid towards Salary to Mr. Charn vide vocher no:___ dated:__] Dr –
– 12,000
12,000

14th – Stationery a/c
To Bank a/c
[Being the amount paid by cheque no.____ date ____ towards stationery purchased from Kagaz & co. vide vocher no:___ dated:__] Dr –
– 5,000
5,000

15th – Cash a/c
To Interest a/c
[Being the amount of cash received towards interest vide receipt no:___ dated:__] Dr –
– 14,000
14,000

17th – Bank a/c
To Commission a/c
[Being the amount recieved by cheque no. ____ date____ towards commission vide receipt no:___ dated:__] Dr –
– 6,000
6,000

18th – Cash a/c
To Rent a/c
[Being the amount of cash received towards rent from Mr. Mody vide receipt no:___ dated:__] Dr –
– 8,000
8,000

19th – Bank a/c
To Interest a/c
[Being the amount recieved by cheque no. ____ date____ towards interest from Bijju vide receipt no:___ dated:__] Dr –
– 10,000
10,000

20th – Carriage on Purchases a/c
To Cash a/c
[Being the amount of cash paid towards carriage on goods purchased vide vocher no:___ dated:__] Dr –
– 3,000
3,000

22nd – Carriage on Sales a/c
To Cash a/c
[Being the amount of cash paid towards carriage on goods sold vide vocher no:___ dated:__] Dr –
– 2,000
2,000

Author Credit : The Edifier