Question

Journalise the following transactions in the books of Ramesh who is dealing in computers:

2018 March	Particulars
1	Ramesh started business with cash ₹ 3,00,000, Goods ₹ 80,000 and Furniture ₹ 27,000.
2	Money deposited into bank ₹ 2,00,000
3	Bought furniture from M/s Jayalakshmi Furniture for ₹ 28,000 on credit.
4	Purchased goods from Asohan for ₹ 5,000 by paying through debit card.
5	Purchased goods from Guna and paid through net banking for cash ₹ 10,000
6	Purchased goods from Kannan and paid through credit card ₹ 20,000
7	Purchased goods from Shyam on credit for ₹ 50,000
8	Bill drawn by Shyam was accepted for ₹ 50,000
9	Paid half the amount owed to M/s Jayalakshmi Furniture by cheque
10	Shyam’s bill was paid

Answer 1

journal of Mr. Ramesh

Date	Particulars	L.F.	Debit ₹	Credit ₹
2018 March 1	Cash A/c ....Dr. Stock A/c   ....Dr. Furniture A/c   .....Dr.    To Ramesh capital A/c (Begin Ramesh started business with cash goods and furniture)		3,00,00 80,000 27,000 -	- - - 4,07,000
2	Bank A/c   .....Dr.    To Cash A/c (Deposited into bank)		2,00,000 -	- 2,00,000
3	Furniture A/c   ....Dr.    To Jayalakshmi A/c (Bought goods from Jayalakshmi)		28,000 -	- 28,000
4	Purchases A/c    ....Dr.    To Bank A/c (Bought goods and paid through debit card)		5,000 -	- 5,000
5	Purchases A/c   ......Dr.    To Bank A/c (Bought goods and paid through net Bank)		10,000 -	- 10,000
6	Purchases A/c    .....Dr.    To Bank A/c (Bought goods and paid through credit card)		20,000 -	- 20,000
7	Purchases A/c   .....Dr.    To Shyam A/c (Bought goods from Shyam)		50,000 -	- 50,000
8	Shyam A/c   ......Dr.    To Bills Payable A/c (Bills drawn by Shyam)		50,000 -	- 50,000
9	M/s Jayalakshmi furniture A/c   .....Dr.    To Bank A/c (Paid half of the amount)		14,000 -	- 14,000
10	Bills Payable A/c   ....Dr.    To Cash (Shaym's bill paid)		50,000 -	- 50,000