Page 55 - ISCDEBK-XI

7.10 Double Entry Book Keeping—ISC XI

(iv) (a) Bharat ...Dr. 10,000
To Sales A/c 10,000
(Being the sale of goods to Bharat)
(b) Returns Inward A/c ...Dr. 2,000
To Bharat 2,000
(Being 1/5th of the goods sold to Bharat returned by him)
(v) Feroz ...Dr. 20,000
To Bank A/c 20,000
(Being the cheque issued by Feroz dishonoured)

(vi) Cash/Bank A/c ...Dr. 8,000
Bad Debts A/c ...Dr. 12,000
To Feroz 20,000
(Being 40 paise in a rupee received from Feroz against his dues)
(vii) Cash A/c ...Dr. 25,000
To Mohan 25,000
(Being the cheque received from Mohan)
(viii) (a) Purchases A/c ...Dr. 10,000
To Barun 10,000
(Being the purchase of goods from Barun)

(b) Arun ...Dr. 20,650
To Sales A/c 20,650
(Being the sale of goods to Arun)
(ix) (a) Returns Inward A/c ...Dr. 5,900
To Arun 5,900
(Being the goods returned by Arun)

(b) Barun ...Dr. 2,857
To Returns Outward A/c 2,857
(Being the goods returned to Barun)
(x) (a) Purchases A/c ...Dr. 2,00,000
To Bank A/c 2,00,000
(Being the goods purchased for ` 2,00,000)
(b) Bank A/c ...Dr. 2,50,000
To Sales A/c 2,50,000
(Being the goods sold for ` 2,50,000)
(xi) Insurance Premium A/c ...Dr. 12,000
To Bank A/c 12,000
(Being the insurance premium paid)
(xii) Cash/Bank A/c ...Dr. 1,00,000
To Capital A/c 1,00,000
(Being the sale proceeds of personal car brought in business
by the proprietor)