Problem - 1

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

Write Journal Entries for the transactions.

10th April : Commenced business with a capital of 1,00,000

11th April : Purchased goods from Veeru for 20,000
13th April : Purchased Goods for Cash 15,000
14th April : Purchased Goods from Abhiram for cash 9,000
16th April : Bought Goods from Shyam on credit 12,000
17th April : Sold goods worth 15,000 to Tarun
19th April : Sold goods for cash 20,000
20th April : Sold goods to Utsav for cash 6,000
21st April : Sold goods to Pranav on credit 17,000
22nd April : Returned goods to Veeru 3,000
23rd April : Goods returned from Tarun 1,000
25th April : Goods taken by the proprietor for personal use 1,000
26th April : Bought Land for 50,000
27th April : Purchased machinery for cash 45,000
28th April : Bought computer from Intel Computers for 25,000
28th April : Cash sales 15,000
29th April : Cash purchases 22,000
30th April : Bought furniture for proprietor's residence and paid cash 10,000
Solution
Journal in the books of Mr. Nirmal for the period from 1st to 30th April
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
Cash a/c
Dr
To Capital a/c –
April 10th – 1,00,000
[Being the amount received from Mr. Nirmal in cash, the proprietor as his capital contribution vide – 1,00,000
receipt no:__ dated:__]
Goods/Stock a/c
Dr –
11th – To Veeru a/c 20,000
– 20,000
[Being the value of stock purchased from Mr. Veeru on credit vide bill no:___ dated:__]
Goods/Stock a/c
Dr –
13th – To Cash a/c 15,000
– 15,000
[Being the value of stock purchased for cash from M/s ___ vide bill no:___ dated:__]
Goods/Stock a/c
Dr –
14th – To Cash a/c 9,000
– 9,000
[Being the value of stock purchased for cash from Mr. Abhiram vide bill no:___ dated:__]
Goods/Stock a/c
Dr –
16th – To Shyam a/c 12,000
– 12,000
[Being the value of stock purchased from Mr. Shyam on credit vide bill no:___ dated:__]
Tarun a/c
Dr –
17th – To Goods/Stock a/c 15,000
– 15,000
[Being the value of stock sold on credit to Mr. Tarun vide invoice no:___ dated:__]
Cash a/c
Dr –
19th – To Goods/Stock a/c 20,000
– 20,000
[Being the value of goods sold for cash vide receipt no:___ dated:__]
Cash a/c
Dr –
20th – To Goods/Stock a/c 6,000
– 6,000
[Being the value of stock sold to Mr. Utsav for cash vide receipt no:___ dated:__]
Pranav a/c
Dr –
21st – To Goods/Stock a/c 17,000
– 17,000
[Being the value of stock sold to Mr. Pranav on credit vide bill no:___ dated:__]
22nd – Veeru a/c Dr – 3,000
 Journal in the books of Mr. Nirmal for the period from 1st to 30th April
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
To Goods/Stock a/c
– 3,000
[Being the value of goods returned to Mr. Veeru vide returns bill no:___ dated:__]
Goods/Stock a/c
Dr –
23rd – To Tarun a/c 1,000
– 1,000
[Being the value of stock returned by Mr. Tarun vide returns bill no:___ dated:__]
Drawings a/c
Dr –
25rd – To Goods/Stock a/c 1,000
– 1,000
[Being the value of stock taken by the proprietor vide bill no:___ dated:__]
Land a/c
Dr –
26th – To Cash a/c 50,000
– 50,000
[Being the amount paid for land purchased on:__]
Machinery a/c
Dr –
27th – To Cash a/c 45,000
– 45,000
[Being the amount paid for the purchase of machinery vide bill no:___ dated:__]
Computers a/c
Dr
To Intel Computers a/c –
28th – 25,000
[Being the value of a computer purchased from M/S Intel Computers on credit vide bill no:___ – 25,000
dated:__]
Cash a/c
Dr –
29th – To Goods/Stock a/c 15,000
– 15,000
[Being the value of stock sold for cash vide receipt no:___ dated:__]
Goods/Stock a/c
Dr –
29th – To Cash a/c 22,000
– 22,000
[Being the value of stock purchased for cash vide bill no:___ dated:__]
Drawings a/c
Dr
To Cash a/c –
30th – 10,000
[Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ – 10,000
dated:__]
Problem - 2
Journalise the following transactions in the books of Rama & Sons

3rd May : Cash deposited into bank 60,000

4th May : Loan given to Bhuvan 20,000
4th May : Paid cash to Veeru 20,000
5th May : Paid to Veeru by cheque 15,000
5th May : Cash received from Tarun 12,000
5th May : Took loan from Anush 15,000
6th May : Cheque received from Pranav 15,000
6th May : Paid to Intel Computers by cheque 17,000
6th May : Withdrew from bank 5,000
7th May : Withdrew from bank for office use 8,000
7th May : Cash received from Bhuvan on loan account 10,000
8th May : Withdrew from bank for personal use 1,000
8th May : Cash taken by proprietor for personal use 3,000
9th May : Bought furniture and paid by cheque 15,000
9th May : Paid to Anush by cheque on loan account 5,000
9th May : Brought additional capital of 25,000
Solution
Journal in the books of M/s Rama & Sons
for the period from 1st May to 10th May
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
Bank a/c
Dr –
rd
May 3 – To Cash a/c 60,000
– 60,000
[Being the amount of cash deposited into bank vide voucher no:___ dated:__]
Loan to Bhuvan a/c
Dr –
4th – To Cash a/c 20,000
– 20,000
[Being the amount of cash given as loan to Bhuvan vide voucher no:___ dated:__]
Veeru a/c
Dr –
4th – To Cash a/c 20,000
– 20,000
[Being the amount of cash paid to Veeru vide voucher no:___ dated:__]
Veeru a/c
Dr –
5th – To Bank a/c 15,000
– 15,000
[Being the amount paid to veeru on account by cheque no. ___ dated ___]
Cash a/c
Dr –
5th – To Tarun a/c 12,000
– 12,000
[Being the amount of cash received from Tarun vide cash receipt no:___ dated:__]
Cash a/c
Dr –
5th – To Loan from Anush a/c 15,000
– 15,000
[Being the amount of loan taken from Anush on:__]
Bank a/c
Dr –
6th – To Pranav a/c 15,000
– 15,000
[Being the amount received by cheque no. ____ date ____from Pranav]
Intel Computers a/c
Dr –
6th – To Bank a/c 17,000
– 17,000
[Being the amount paid by cheque no. ____ date ____to Intel Computers]
Cash a/c
Dr –
6th – To Bank a/c 5,000
– 5,000
[Being the amount of cash withdrawn from bank]
 Journal in the books of M/s Rama & Sons
for the period from 1st May to 10th May
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
Cash a/c
Dr –
7th
– To Bank a/c 8,000
– 8,000
[Being the amount of cash withdrawn from bank vide bill no:___ dated:__]
Cash a/c
Dr –
7th – To Loan to Bhuvan a/c 10,000
– 10,000
[Being the amount of cash received from Bhuvan as loan vide cash receipt no:___ dated:__]
Drawings a/c
Dr –
8th – To Bank a/c 1,000
– 1,000
[Being the amount of withdrawn from bank for personal use vide cheque no:___ dated:__]
Drawings a/c
Dr –
8th – To Cash a/c 3,000
– 3,000
[Being the amount of cash taken by the proprietor for personal purposes vide voucher no:___ dated:__]
Furniture a/c
Dr
To Bank a/c –
9th – 15,000
[Being the amount paid by cheque no ____ date ____ towards the purchase of furniture vide bill no:___ – 15,000
dated:__]
Loan from Anush a/c
Dr
To Bank a/c –
9th – 5,000
[Being the amount paid by cheque no ____ date ____ towards repayment of loan from Anush vide voucher – 5,000
no:___ dated:__]
Cash a/c
Dr –
9th – To Capital a/c 25,000
– 25,000
[Being the amount received from proprietor as capital vide cash receipt no:___ dated:__]
Problem - 3
Write journal entries in the books of Chikky & Bros.

10th June : Paid wages 12,000

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

Solution
Journal in the books of M/s Chikky & Bros.
for the period from 1st June to 30th June
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
Wages a/c
June Dr –
– To Cash a/c 12,000
10th – 12,000
[Being the amount of cash paid towards wages vide voucher no:___ dated:__]
Rent paid a/c
Dr –
11th – To Bank a/c 10,000
– 10,000
[Being the amount paid by cheque no.____ date ____ towards rent vide voucher no:___ dated:__]
Salaries a/c
Dr –
13th – To Cash a/c 12,000
– 12,000
[Being the amount of cash paid towards Salary to Mr. Charan vide voucher no:___ dated:__]
14th – Stationery a/c Dr – 5,000
To Bank a/c – 5,000
 Journal in the books of M/s Chikky & Bros.
for the period from 1st June to 30th June
V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
[Being the amount paid by cheque no.____ date ____ towards stationery purchased from Kagaz & co.
vide voucher no:___ dated:__]
Cash a/c
Dr –
15th – To Interest Received a/c 14,000
– 14,000
[Being the amount of cash received towards interest vide receipt no:___ dated:__]
Bank a/c
Dr
To Commission Received a/c –
17th – 6,000
[Being the amount received by cheque no. ____ date____ towards commission vide receipt no:___ – 6,000
dated:__]
Cash a/c
Dr –
18th – To Rent Received a/c 8,000
– 8,000
[Being the amount of cash received towards rent from Mr. Mody vide receipt no:___ dated:__]
Bank a/c
Dr
To Interest Received a/c –
19th – 10,000
[Being the amount received by cheque no. ____ date____ towards interest from Bijju vide receipt no:___ – 10,000
dated:__]
Carriage Outwards a/c
Dr –
20th – To Cash a/c 3,000
– 3,000
[Being the amount of cash paid towards carriage on goods purchased vide voucher no:___ dated:__]
Carriage Inwards a/c
Dr –
22nd – To Cash a/c 2,000
– 2,000
[Being the amount of cash paid towards carriage on goods sold vide voucher no:___ dated:__]