Question

Journalise the following transactions in the books of Gajanan

2019 May

3 Purchased goods for ₹ 90,000 and amounts paid by Bank directly.

7 Sold goods to Satish on credit ₹ 30,000.

9 Paid for Postage ₹ 10,000.

12 Paid for Wages ₹ 15,000.

15 Received cheque of ₹ 30,000 from Satish.

21 Received Dividend ₹ 5000.

25 Purchased Laptop of ₹ 40,000 and paid by cheque.

28 Deposited cash ₹ 10,000 into State Bank of India.

31 Purchased goods for ₹ 40,000 and paid by RTGS

Answer 1

Journal of Gajanan
Date	Particulars	L.F. No.	Debit Amount (₹)	Credit Amount (₹)
2019 May 3	Purchases A/c     ...Dr.		90,000
	To Bank A/c			90,000
	(Being goods purchased and amount paid by Bank directly)
7	Satish's A/c      ...Dr.		30,000
	To Sales A/c			30,000
	(Being goods sold to Satish on credit)
9	Postage A/c         ...Dr.		10,000
	To Cash A/c			10,000
	(Being postage paid by cash)
12	Wages A/c      ...Dr.		15,000
	To Cash A/c			15,000
	(Being the wages paid in cash)
15	Bank A/c       ...Dr.		30,000
	To Satish's A/c			30,000
	(Being cheque received from Satish)
21	Bank A/c     ...Dr.		5,000
	To Dividend A/c			5,000
	(Being dividend received in cash)
25	Laptop/Computer A/c      ...Dr.		40,000
	To Bank A/c			40,000
	(Being Laptop purchased and amount paid by cheque)
28	State Bank of India's A/c    ...Dr.		10,000
	To Cash A/c			10,000
	(Being the cash deposited into the Bank)
31	Purchases A/c       ...Dr.		40,000
	To Bank A/c			40,000
	(Being the goods purchased and amount paid by RTGS)
	Total		2,70,000	2,70,000