Transactions Practice

 

Enter the Following transactions in a Journal

Date	Transactions	Amount (in Rs.)
07-01-2017	Paid Salary by cash to typist	3,200.00
08-01-2017	Paid rent to the land lord	5,000.00
10-01-2017	Received cash from Shriram	10,000.00
12-01-2017	Purchased Office Table for Cash	6,000.00
12-01-2017	Paid Cartage for Office Table	100.00
15-01-2017	Goods sold to Shri Agencies on Credit	50,000.00
16-01-2017	Paid Monthly installment in Sangli bank	15,000.00
19-01-2017	Purchased Raw Material from Ganesh Traders	20,030.00

Solution: The Journal will look like

Date	Particulars	Debit Rs.	Credit Rs.
07-01-2017	Salary A/c…………..Dr. To Cash A/c (Salary paid in cash to typist)	3,200.00	3,200.00
08-01-2017	Rent A/c……..Dr. To Cash A/c (Rent paid for the month)	5,000.00	5,000.00
10-01-2017	Cash A/c……………Dr. To Shriram A/c (Cash received from Shriram)	10,000.00	10,000.00
12-01-2017	Furniture A/c……..Dr. To Cash A/c ( Office Table purchased)	6,000.00	6,000.0
12-01-2017	Cartage A/c……Dr. To Cash A/c (Paid Cartage for office table)	100.00	100.00
15-01-2017	Shri Agencies A/c………Dr. To Goods A/c (Goods supplied to Shri Agencies)	50,000.00	50,000.00
16-01-2017	Sangli Bank A/c…………..Dr. To Cash A/c (Monthly installment paid)	15,000.00	15,000.00
19-01-2017	Raw Material A/c……………Dr. To Ganesh Traders (Raw Material purchased)	20,030.00	20,030.00