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Journal                                                                        8.17

                     Solution:                            JOURNAL
                     Date     Particulars                                           L.F.   Dr. (`)   Cr. (`)
                     2024
                     April   1  Cash A/c                                      ...Dr.      18,000
                             Bank A/c                                         ...Dr.      25,600
                             Stock A/c                                        ...Dr.      50,000
                             Furniture A/c                                    ...Dr.      10,000
                             Building A/c                                     ...Dr.      4,51,400
                             Vijay                                            ...Dr.      2,700
                             Anil                                             ...Dr.      1,500
                             Ashwani                                          ...Dr.      2,000
                             Anupam                                           ...Dr.      1,800
                             Madhu                                            ...Dr.      5,000
                                To  Anand                                                           5,400
                                To  Arya & Co.                                                     77,000
                                To  Balwant Rai                                                    52,000
                                To  Mrs. Anita’s Loan A/c                                         1,00,000
                                To  Capital A/c (Balancing Figure)                                3,33,600
                             (Balances brought in from previous year)
                     April   1  Purchases A/c                                 ...Dr.      40,000
                                To  Bank A/c                                                       38,000
                                To  Discount Received A/c                                           2,000
                             (Goods of ` 50,000 bought for cash less 20% trade discount and
                             5% cash discount)
                     April   3  Cash A/c                                      ...Dr.      2,646
                             Discount Allowed A/c                             ...Dr.        54
                                To  Vijay                                                           2,700
                             (Cash received from Vijay and allowed him discount)
                     April   8  Claim for Damages A/c                         ...Dr.      5,000
                                To  Purchases A/c                                                   5,000
                             (Claim sent to transporter for goods damaged in transit)

                     April  10  Anand                                         ...Dr.      5,400
                                To  Cash A/c                                                        5,292
                                To  Discount Received A/c                                            108
                             (Cash paid to Anand and discount allowed by him)
                     April  13  Bank A/c                                      ...Dr.      5,000
                                To  Claim for Damages A/c                                           5,000
                             (Cheque received of claim for damages)
                     April  15  Cash A/c                                      ...Dr.        900
                             Bad Debts A/c                                    ...Dr.        900
                                To  Anupam                                                          1,800
                             (Half of the amount due received from Anupam and balance
                             written off as bad debts)
                     April  22  Donation A/c                                 ...Dr.         501
                             Postage A/c                                     ...Dr.         200
                                To  Cash A/c                                                         701
                             (Cash paid for charity, postage and stationery)
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