Journal __ Problems & Solutions
July 14, 2017 | Author: Sreenivasa Murthy Kota | Category: N/A
Short Description
Basic Journalisation...
Description
07/09/2015
Journal :: Problems & Solutions
Journal :: Problems & Solutions Ads by Google
► Journal Entries
► Journal Entry
► Basic Accounting
► Tally Accounting
No. Problems & Solutions 01.
Mr. Nirmal has the following transactions in the month of April. Write Journal Entries for the transactions.
• Basic Accounting Process • Consignment Accounting
10th April : Commenced business with a capital of Rs. 1,00,000
• Bank Reconciliation Statement
11th April : Purchased goods from Veeru for Rs. 20,000
• Partnership Accounts
13th April : Purchased Goods for Cash Rs. 15,000
• Final Accounts
14th April : Purchased Goods from Abhiram for cash Rs. 9,000 16th April : Bought Goods from Shyam on credit Rs. 12,000 17th April : Sold goods worth Rs. 15,000 to Tarun 19th April : Sold goods for cash Rs. 20,000
20th April : Sold goods to Utsav for cash Rs. 6,000
Search
21st April : Sold goods to Pranav on credit Rs. 17,000 22nd April : Returned goods to Veeru Rs.3,000
23rd April : Goods returned from Tarun Rs. 1,000
25th April : Goods taken by the proprietor for personal use Rs. 1,000
Search
26th April : Bought Land for Rs. 50,000 27th April : Purchased machinery for cash Rs. 45,000 28th April : Bought computer from Intel Computers for Rs. 25,000 • Process Costing
28th April : Cash sales Rs. 15,000
• Standard Costing
29th April : Cash purchases Rs. 22,000
(Variance Analysis)
30th April : Bought furniture for proprietor's residence and paid cash Rs. 10,000
Solution »
• Funds Flow Cash Flow
• Permutations Combinations
Hide/Show
• Probability • Theory of Expectation
Journal in the books of M/s _____ for the period from ____ to _____ Date
V/R No.
April 10th
–
Particulars Cash a/c
L/F Dr
To Capital a/c
–
Debit Amount Credit Amount (in Rs) (in Rs) 1,00,000
–
1,00,000
[Being the amount received from Mr. contribution vide receipt no:__ dated:__ ] –
Goods/Stock a/c
Dr
To Veeru a/c
–
20,000
–
Ads by Google
► Petty Cash Journal ► Tally Accounting ► Solve Problems
Nirmal, the proprietor as his capital
11th
(Random Variable)
20,000
[Being the value of stock purchased from Mr. Veeru vide bill no:___ dated:__ ] 13th
–
Goods/Stock a/c
Dr
To Cash a/c
–
15,000
–
• CA CPT 15,000
[Being the value of stock purchased from
• CA PCC
M/s ___ vide bill no:___ dated:__ ] 14th
–
Goods/Stock a/c
Dr
To Cash a/c
• CA Final –
9,000
–
9,000
–
• CWA Foundation
[Being the the value of stock purchased
• CWA Inter
from Mr. Abhiram for cash vide bill no:___
• CWA Final
dated:__ ] 16th
• CA PEII
Goods/Stock a/c
• CS Foundation Dr
–
12,000
http://www.futureaccountant.com/accountingprocess/problemssolutions/journal.php#.Ve0i2tKqqko
• CS Inter
1/5
07/09/2015
Journal :: Problems & Solutions To Shyam a/c
–
12,000
• CS Final
[Being the value of stock purchased from Mr. Shyam vide bill no:___ dated:__ ] 17th
–
Tarun a/c
Dr
To Goods/Stock a/c
–
15,000
–
15,000
[Being the value of stock sold on credit to Mr. Tarun vide bill no:___ dated:__ ] 19th
–
Cash a/c
Dr
To Goods/Stock a/c
–
20,000
–
20,000
[Being the value of stock sold to M/s ___vide bill no:___ dated:__ ] 20th
–
Cash a/c
Dr
To Goods/Stock a/c
–
6,000
–
6,000
[Being the value of stock sold to Mr. Utsav for cash vide bill no:___ dated:__ ] 21st
–
Pranav a/c
Dr
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
To Goods/Stock a/c
–
3,000
–
3,000
[Being the value of stock returned to Mr. Veeru vide bill no:___ dated:__ ] 23rd
–
Goods/Stock a/c
Dr
To Tarun a/c
–
1,000
–
1,000
[Being the value of stock returned from Mr. Tarun vide bill no:___ dated:__ ] 25th
–
Drawings a/c
Dr
To Goods/Stock a/c
–
1,000
–
1,000
[Being the value of stock taken by the proprietor vide bill no:___ dated:__ ] 26th
–
Land a/c
Dr
To Cash a/c
–
50,000
–
50,000
[Being the amount paid for land purchsed vide bill no:___ dated:__ ] 27th
–
Machinery a/c
Dr
To Cash a/c
–
45,000
–
45,000
[Being the amount paid for machinery purchsed vide bill no:___ dated:__ ] 28th
–
Computers a/c
Dr
To Intel Computers a/c
–
25,000
–
25,000
[Being the amount of computer purchased from M/S Intel Computers on credit vide bill no:___ dated:__ ] 29th
–
Cash a/c
Dr
To To Goods/Stock a/c
–
15,000
–
15,000
[Being the value of stock sold for cash vide bill no:___ dated:__ ] 29th
–
Goods/Stock a/c
Dr
To Cash a/c
–
22,000
–
22,000
[Being the value of stock purchased for cash vide bill no:___ dated:__ ] 30th
–
Drawings a/c To Cash a/c
Dr
–
1,000
–
1,000
[Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ dated:__ ]
Get a B.Sc. (IT) Degree Complete your Graduation Online. Study Anytime, Anywhere. Apply Now!
No. Problems & Solutions 02.
Journalise the following transactions in the books of Rama & Sons 3rd May : Cash deposited into bank Rs. 60,000
http://www.futureaccountant.com/accountingprocess/problemssolutions/journal.php#.Ve0i2tKqqko
2/5
07/09/2015
Journal :: Problems & Solutions 4th May : Loan given to Bhuvan Rs. 20,000 4th May : Paid cash to Veeru Rs. 20,000 5th May : Paid to Veeru by cheque Rs. 15,000 5th May : Cash received from Tarun Rs. 12,000 5th May : Took loan from Anush Rs. 15,000 6th May : Cheque received from Pranav Rs. 15,000 6th May : Paid to Intel Computers by cheque Rs. 17,000 6th May : Withdrew from bank Rs. 5,000 7th May : Withdrew from bank for office use Rs. 8,000 7th May : Cash received from Bhuvan on loan account Rs. 10,000 8th May : Withdrew from bank for personal use Rs. 1,000 8th May : Cash taken by proprietor for personal use Rs. 3,000 9th May : Bought furniture and paid by cheque Rs. 15,000 9th May : Paid to Anush by cheque on loan account Rs. 5,000 9th May : Brought additional capital of Rs. 25,000
Solution »
Hide/Show
|
COMPOSE
No. Problems & Solutions 03.
Write journal entries in the books of Chikky & Bros. 10th June : Paid wages Rs. 12,000 11th June : paid rent by cheque Rs. 10,000 13th June : Paid salary to Mr. Charan Rs. 12,000 14th June : Purchased stationery from Kagaz & Co. and paid by cheque Rs. 5,000 15th June : Received interest Rs. 14,000 17th June : Received commission by cheque Rs. 6,000 18th June : Rent received from Mr.Mody Rs. 8,000 19th June : Interest received from Mr.Bijju by cheque Rs. 10,000 20th June : Carriage paid on purchase of goods Rs. 3,000 22nd June : 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.
June 10th
–
Particulars Wages a/c
L/F Dr
To Cash a/c
–
Debit Amount Credit Amount (in Rs) (in Rs) 12,000
–
12,000
[Being the amount of cash paid towards wages vide vocher no:___ dated:__] 11th
–
Rent a/c
Dr
To Bank a/c
–
10,000
–
10,000
[Being the amount paid by cheque no.____ date ____ towards rent vide vocher no:___ dated:__] 13th
–
Salary a/c To Cash a/c
Dr
–
12,000
–
12,000
[Being the amount of cash paid towards Salary to Mr. Charn vide vocher no:___ dated:__]
http://www.futureaccountant.com/accountingprocess/problemssolutions/journal.php#.Ve0i2tKqqko
3/5
07/09/2015
Journal :: Problems & Solutions 14th
–
Stationery a/c
Dr
To Bank a/c
– –
5,000
–
14,000
5,000
[Being the amount paid by cheque no.____ date ____ towards stationery purchased from Kagaz & co. vide vocher no:___ dated:__] 15th
–
Dr
Cash a/c To Interest a/c
–
14,000
[Being the amount of cash received towards interest vide receipt no:___ dated:__] 17th
–
Dr
Bank a/c To Commission a/c
–
6,000
–
6,000
[Being the amount recieved by cheque no. ____ date____ towards commission vide receipt no:___ dated:__] 18th
–
Dr
Cash a/c To Rent a/c
–
8,000
–
8,000
[Being the amount of cash received towards rent from Mr. Mody vide receipt no:___ dated:__] 19th
–
Dr
Bank a/c To Interest a/c
–
10,000
–
10,000
[Being the amount recieved by cheque no. ____ date____ towards interest from Bijju vide receipt no:___ dated:__] 20th
–
Dr
Carriage on Purchases a/c To Cash a/c
–
3,000
–
3,000
[Being the amount of cash paid towards carriage on goods purchased vide vocher no:___ dated:__] 22nd
–
Dr
Carriage on Sales a/c To Cash a/c
–
2,000
–
2,000
[Being the amount of cash paid towards carriage on goods sold vide vocher no:___ dated:__]
Author Credit : The Edifier
Recommended for you
Current Liabilities and Provisions
CA IPCC/IPCE : Chartered Accountancy Integ...
Funds from Operations Appropriations/ Cha...
CWA ICWA Intermediate Syllabus and Books
www.futureaccountant.com
www.futureaccountant.com
www.futureaccountant.com
www.futureaccountant.com
AddThis
Search
Search
Disclaimer ♣ Privacy Policy ♣ Terms of Service ♣ Who We Are
♣ Copyright © Krishbhavara. All rights reserved ♣ Site optimized for Internet Explorer 5.5 and above
http://www.futureaccountant.com/accountingprocess/problemssolutions/journal.php#.Ve0i2tKqqko
4/5
07/09/2015
Journal :: Problems & Solutions
http://www.futureaccountant.com/accountingprocess/problemssolutions/journal.php#.Ve0i2tKqqko
5/5
View more...
Comments
