Question

Journalise the following transactions:

2017		₹
Dec.01	Hema started business with cash	1,00,000
Dec.02	Open a bank account with SBI	30,000
Dec.04	Purchased goods from Ashu	20,000
Dec.06	Sold goods to Rahul for cash	15,000
Dec.10	Bought goods from Tara for cash	40,000
Dec.13	Sold goods to Suman	20,000
Dec.16	Received cheque from Suman	19,500
	Discount allowed	500
Dec.20	Cheque given to Ashu on account	10,000
Dec.22	Rent paid by cheque	2,000
Dec.23	Deposited into bank	16,000
Dec.25	Machine purchased from Parigya	10,000
Dec.26	Trade expenses	2,000
Dec.28	Cheque issued to Parigya	10,000
Dec.29	Paid telephone expenses by cheque	1,200
Dec.31	Paid salary	4,500

Answer 1

In Books of Hema Journal Entries
Date	Particulars		L. F.	Debt Amount Rs	Credit Amount Rs
2017
Dec.01	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Started business with cash)
Dec.02	Bank A/c	Dr.		30,000
	To Cash A/c				30,000
	(Bank account opened with SBI)
Dec.04	Purchase A/c	Dr.		20,000
	To Ashu's A/c				20,000
	(Goods purchased from Ashu)
Dec.06	Cash A/c	Dr.		15,000
	To Sales A/c				15,000
	(Goods sold for cash)
Dec.10	Purchase A/c	Dr.		40,000
	To Cash A/c				40,000
	(Goods purchased for cash)
Dec.13	Suman's A/c	Dr.		20,000
	To Sales A/c				20,000
	(Goods sold to suman on credit)
Dec.16	Bank A/c	Dr.		19,500
	Discount allowed A/c	Dr.		500
	To Suman's A/c				20,000
	(Cheque received from suman and discount allowed)
Dec.20	Ashu's A/c	Dr.		10,000
	To Bank A/c				10,000
	(Cheque received from Ashu)
Dec.22	Rent A/c	Dr.		2,000
	To Bank A/c				2,000
	(Rent paid)
Dec.23	Bank A/c	Dr.		16,000
	To Cash A/c				16,000
	(Cash deposited into bank)
Dec.25	Machinery A/c	Dr.		10,000
	To Parigya’s A/c				10,000
	(Machinery purchased from Parigya)
Dec.26	Trade Expenses A/c	Dr.		2,000
	To Cash A/c				2,000
	(Trade expenses paid)
Dec.28	Parigya's A/c	Dr.		10,000
	To Bank A/c				10,000
	(Cheque issued to Parigya's)
Dec.29	Telephone Expenses A/c	Dr.		1,200
	To Bank A/c				1,200
	(Paid telephone expenses by cheque)
Dec.31	Salary A/c	Dr.		4,500
	To Cash A/c				4,500
	(Paid salary)
	Total			3,00,700	3,00,700