Solutions ------------------ Journal

1. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

Case 1 Cash A/c Dr. 5,00,000
To Capital A/c 5,00,000

Case 2 Cash A/c Dr. 2,00,000

Furniture A/c Dr. 20,000
Purchase A/c (Stock) Dr. 60,000
To Capital A/c 2,80,000

Case 3 Cash A/c Dr. 50,000

Bank A/c Dr. 2,00,000
To Capital A/c 2,50,000

Case 4 Cash A/c Dr. 40,000

Bank A/c Dr. 30,000
To Capital A/c 70,000

Bank A/c Dr. 2,00,000

To Bank Loan A/c 2,00,000

2. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

1.4.2022 Cash A/c Dr. 10,000
Bank A/c Dr. 18,000
Machinery A/c Dr. 2,30,000
Furniture A/c Dr. 40,000
Land & Building A/c Dr. 4,00,000
Debtors A/c Dr. 90,000
To Capital A/c 4,30,000
To Creditors A/c 58,000
To Bank Loan A/c 2,00,000
To Bills Payable A/c 30,000
To Outstanding Salaries A/c 50,000
To Loan from Satish & Co. 20,000

3. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

1.4.2022 Building A/c Dr. 5,00,000
Machinery A/c Dr. 3,00,000
Furniture A/c Dr. 60,000
Investment A/c Dr. 1,00,000
Cash A/c Dr. 35,000
Debtors A/c Dr. 1,05,000
 To Bank overdraft 60,000
To Outstanding Salaries A/c 40,000
To Creditors A/c 2,00,000
To Bills Payable A/c 1,00,000
To Loan from Mohan 1,50,000
To Capital A/c (Balancing Figure) 5,50,000

4. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

1.4.2022 Building A/c Dr. 5,40,000
Furniture A/c Dr. 60,000
Purchase (Stock) A/c Dr. 2,50,000
Debtors A/c Dr. 1,50,000
Goodwill A/c Dr. (Balancing Figure) 70,000
To Bank overdraft 1,80,000
To Outstanding Salaries A/c 40,000
To Creditors A/c 50,000
To Vinod & Sons 8,00,000

Vinod & Sons Dr. 8,00,000

To Bank A/c 8,00,000

5. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

1.4.2022 Building A/c Dr. 5,40,000
Furniture A/c Dr. 60,000
Purchase (Stock) A/c Dr. 2,50,000
Debtors A/c Dr. 1,50,000
To Bank overdraft 1,80,000
To Outstanding Salaries A/c 40,000
To Creditors A/c 50,000
To Vinod & Sons 7,00,000
To Capital Reserve (Balancing Figure) 30,000

Vinod & Sons Dr. 7,00,000

To Bank A/c 7,00,000

6. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

(i) Cash A/c Dr. 2,00,000
To Capital A/c 2,00,000

(ii) Bank A/c Dr. 10,000

To Cash A/c 10,000

(iii) Cash A/c Dr. 50,000

 To Capital A/c 50,000

(iv) Cash A/c Dr. 80,000

To Capital A/c 80,000

(v) Capital A/c Dr. 30,000

To Cash A/c 30,000

(vi) Capital A/c Dr. 35,000

To Office Furniture 35,000

7. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

(i) Purchase A/c Dr. 30,000
To Cash A/c 30,000

(ii) Purchase A/c Dr. 50,000

To Cash A/c 50,000

(iii) Purchase A/c Dr. 10,000

To Creditor’s Personal A/c 10,000

(iv) Purchase A/c Dr. 8,000

To Ram 8,000

(v) Purchase A/c Dr. 10,000

To Mohan 10,000

(vi) Purchase A/c Dr. 20,000

To Vinod 20,000

(vii) Purchase A/c Dr. 5,000

To Cash A/c 5,000

(viii) Machinery A/c Dr. 50,000

To Cash 50,000

(ix) Machinery A/c Dr. 60,000

To Vinod & Co. 60,000

8. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

(i) Cash A/c Dr. 50,000
To Sales A/c 50,000

(ii) Cash A/c Dr. 10,000

To Sales A/c 10,000
 (iii) Debtor’s Personal A/c Dr. 20,000
To Sales A/c 20,000

(iv) Vinod Dr. 10,000

To Sales A/c 10,000

(v) Vinod Dr. 15,000

To Sales A/c 15,000

(vi) Cash A/c Dr. 9,000

To Sales A/c 9,000

9. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

(i) Drawings A/c Dr. 4,000
To Purchase A/c 4,000

(ii) Drawings A/c Dr. 2,000

To Cash A/c 2,000

(iii) Drawings A/c Dr. 14,000

To Cash/Bank A/c 14,000

(iv) Drawings A/c Dr. 7,500

To Cash/Bank A/c 7,500

(v) Drawings A/c Dr. 18,000

To Cash/Bank A/c 18,000

(vi) Drawings A/c Dr. 6,000

To Cash/Bank A/c 6,000

(vii) Drawings A/c Dr. 12,000

To Purchase A/c 12,000

10. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

(i) Rent A/c Dr. 30,000
To Cash A/c 30,000

(ii) Salaries A/c Dr. 70,000

To Cash A/c 70,000

(iii) Office Expenses A/c Dr. 10,000

To Cash A/c 10,000

(iv) Stationery A/c Dr. 3,000

 To Cash A/c 3,000

(v) Advertisement Expense A/c Dr. 8,000

To Cash A/c 8,000

(vi) Commission Allowed A/c Dr. 2,000

To Cash A/c 2,000

(vii) Cash A/c Dr. 4,000

To Commission Received A/c 4,000

(viii) Cash/Bank A/c Dr. 1,000

To Interest on investment A/c 1,000

(ix) Bank A/c Dr. 500

To Bank interest 500

11. Journal

Date Particulars L.F. Debit (Rs.) Credit (Rs.)

1 Rent A/c Dr. 5,000
March To Rent Outstanding A/c 5,000

1 Salaries A/c Dr. 20,000

To Salaries Outstanding A/c 20,000

1 Prepaid Office Expense A/c Dr. 15,000

To Cash A/c 15,000

1 Prepaid Wages A/c Dr. 10,000

To Cash A/c 10,000

31 Rent Outstanding A/c Dr. 5,000

To Cash A/c 5,000

31 Salaries Outstanding A/c Dr. 12,000

To Cash A/c 12,000

31 Office Expenses A/c Dr. 15,000

To Prepaid Office Expenses A/c 15,000

31 Wages A/c Dr. 10,000

To Prepaid Wages A/c 10,000

12. Journal

Date Particulars L.F. Debit Credit

01 Satish Dr. 60,000
March To Sales 60,000
(Being goods sold on credit)
 10 Cash A/c Dr. 12,000
March To Satish 12,000
(Being cash received from Satish)

31 Cash A/c Dr. 31,200

March Bad Debts A/c Dr. 16,800
To Satish 48,000
(Being amount received and bad debts written off)

02 Cash A/c Dr. 4,200

April To Bad Debts Recovered A/c 4,200
(Being bad debts recovered)

13. Journal

Date Particulars L.F. Debit Credit

(i) Bank A/c Dr. 15,000
To Cash A/c 15,000

(ii) Bank A/c Dr. 20,000

To Cash A/c 20,000

(iii) Cash A/c Dr. 12,000

To Bank A/c 12,000

(iv) Bank A/c Dr. 3,000

To Cheque in hand 3,000

(v) Bank A/c Dr. 1,800

To Mohan (Debtor) 1,800

(vi) Purchase A/c Dr. 8,000

To Bank A/c 8,000

(vii) Bank Charges A/c Dr. 300

To Bank A/c 300

(viii) Bank A/c Dr. 200

To Bank Interest Received A/c 200

14. Journal

Date Particulars L.F. Debit Credit

(i) Manmohan Dr. 40,000
To Sales A/c 40,000

(ii) Cash A/c Dr. 38,000

Discount Allowed A/c Dr. 2,000
 To Sales A/c 40,000

(iii) Purchase A/c Dr. 64,000

To Cash A/c 61,440
To Discount Received A/c 2,560

(iv) Purchase A/c Dr. 90,000

To Mukherjee 45,000
To Cash A/c 42,750
To Discount Received 2,250

(v) Cash A/c Dr. 15,200

Discount Allowed A/c Dr. 800
Harry Dr. 24,000
To Sales A/c 40,000

(vi) 1st Entry on 04th January

Simran Dr. 1,35,000
To Sales A/c 1,35,000

2nd Entry on 11 January

Cash A/c Dr. 1,21,500
Discount Allowed A/c Dr. 13,500
To Simran 1,35,000

(vii) 1st Entry on 05th January

Yuvraj Dr. 72,000
To Sales A/c 72,000

2nd Entry on 16 January

Cash A/c Dr. 41,472
Discount Allowed A/c Dr. 1,728
To Yuvraj 43,200

(viii) 1st Entry on 02 February

Sunita Dr. 80,000
To Sales A/c 80,000

2nd Entry on 15 February

Cash A/c Dr. 30,400
Discount Allowed A/c Dr. 1,600
To Sunita 32,000

3rd Entry on 1st March

Cash A/c Dr. 48,000
To Sunita 48,000

15. Case – 1

Date Particulars L.F. Debit Credit

 02 Vinod Dr. 10,000
Jan. To Sales A/c 10,000

04 Sales Return A/c Dr. 1,000

Jan. To Vinod 1,000

15 Cash A/c Dr. 5,000

Jan. To Vinod 5,000

Case 2

Date Particulars L.F. Debit Credit

02 Purchase A/c Dr. 45,000
Jan. To Vinod 45,000

04 Vinod Dr. 1,800

Jan. To Purchase Return 1,800

15 Vinod Dr. 43,200

Jan. To Cash A/c 42,500
To Discount Received A/c 700

16. Journal

Date Particulars L.F. Debit Credit

(i) Cash A/c Dr. 13,200
To Sales A/c 13,200

(ii) Vinod Dr. 13,500

To Sales A/c 13,500

(iii) Cash A/c Dr. 5,000

To Furniture A/c 5,000

(iv) Cash A/c Dr. 40,000

Loss on Sale Dr. 10,000
To Machinery 50,000

(v) Cash A/c Dr. 55,000

To Machinery A/c 50,000
To Gain on Sale of Machinery 5,000

(vi) Cash A/c Dr. 9,600

Vinod Dr. 6,400
Loss on Sale Dr. 4,000
To Furniture A/c 20,000

17. Journal
 Date Particulars L.F. Debit Credit
(i) Vinod Dr. 48,000
To Sales A/c 48,000

(ii) Cheques in Hand A/c Dr. 40,000

To Vinod 40,000

(iii) Bank A/c Dr. 40,000

To Cheques in Hand A/c 40,000

(iv) Cheques in Hand A/c Dr. 8,000

To Vinod 8,000

(v) Satish A/c Dr. 8,000

To Cheques in Hand A/c 8,000

18. Journal

Date Particulars L.F. Debit Credit

2 Jan. Mohan Dr. 24,000
To Sales A/c 24,000

9 Jan. Bank A/c Dr. 24,000

To Mohan 24,000

11 Mohan Dr. 24,000

Jan. To Bank A/c 24,000

19. Journal

Date Particulars L.F. Debit Credit

(i) No Entry --

(ii) Cash A/c Dr. 30,000

To Advance from Vinod & Co. 30,000

(iii) Advance to Mohan & Co. Dr. 10,000

To Cash A/c 10,000

20. Journal

Date Particulars L.F. Debit Credit

(i) Charity A/c Dr. 2,000
To Purchase A/c 2,000

(ii) Loss of Stock by Fire Dr. 7,000

To Purchase A/c 7,000
 (iii) Loss of Stock by Fire Dr. 50,000
To Purchase A/c 50,000

Insurance Company Dr. 50,000

To Loss of Stock by Fire 50,000

Bank A/c Dr. 42,000

Loss of Stock by Fire (P/L A/c) Dr. 8,000
To Insurance Company 50,000

(iv) Loss of Stock by Fire Dr. 30,000

To Purchase A/c 30,000

Insurance Company Dr. 30,000

To Loss of Stock by Fire 30,000

Bank A/c Dr. 30,000

To Insurance Company 30,000

21. Journal

Date Particulars L.F. Debit Credit

(i) Bank A/c Dr. 2,00,000
To Bank Loan A/c 2,00,000

(ii) Cash/Bank A/c Dr. 80,000

To Sunita’s Loan 80,000

(iii) Interest on Loan A/c Dr. 2,000

To Bank A/c 2,000

(iv) Loan to Yuvraj Dr. 70,000

To Cash A/c 70,000

(v) Cash A/c Dr. 3,000

To Interest Received on Loan to Yuvraj 3,000

22. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 50,000
To Capital A/c 50,000
(Being business started)

2 Purchase A/c Dr. 20,000

To Pooja 20,000
(Being goods purchased)
4 Shagun Dr. 15,000
To Sales A/c 15,000
(Being goods sold to Shagun)

6 Sales Return Dr. 1,000

To Shagun 1,000
(Being goods returned by Shagun)

10 Cash A/c Dr. 13,800

Discount Allowed A/c Dr. 200
To Shagun 14,000
(Being received from Shagun)

12 Purchase A/c Dr. 10,000

To Namita 10,000
(Being goods purchased from Namita)

14 Namita Dr. 10,000

To Cash A/c 9,500
To Discount Received A/c 500
(Being cash paid to Namita)

15 Rent A/c Dr. 1,000

To Cash A/c 1,000
(Being rent paid)

16 Drawings A/c Dr. 500

To Cash A/c 500
(Being drawings made)

18 Purchase A/c Dr. 4,800

To Cash A/c 4,800
(Being goods purchased)

20 Purchase A/c Dr. 8,000

To Anita 8,000
(Being goods purchased)

24 Anita Dr. 10,000

To Cash A/c 7,850
To Discount Received A/c 150
(Being amount paid to Anita)

25 Pooja Dr. 5,000

To Cash A/c 4,750
To Discount Received A/c 250
(Being paid to Pooja)
 31 Wages A/c Dr. 400
Salaries A/c Dr. 4,000
Advertisement A/c Dr. 800
Trade Expenses A/c Dr. 1,000
To Cash A/c 6,200
(Being expenses paid)

23. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 75,000
Stock A/c Dr. 30,000
Furniture A/c Dr. 5,000
To Capital A/c 1,10,000
(Being business started)

2 Sonika Dr. 9,000

To Sales A/c 9,000
(Being goods sold)

5 Sales Return A/c Dr. 800

To Sonika 800
(Being goods returned by Sonika)

10 Cash A/c Dr. 8,000

Discount Allowed A/c Dr. 200
To Sonika 8,200
(Being received from Sonika)

12 Furniture A/c Dr. 6,000

To Cash A/c 6,000
(Being furniture purchased)

15 Purchase A/c Dr. 22,000

To Namita 22,000
(Being goods purchased)

15 Namita Dr. 1,760

To Purchase Return 1,760
(Being goods returned) 2,000 – 12%

16 Namita Dr. 20,240

To Cash A/c 19,228
To Discount Allowed A/c 1,012
(Being paid to Namita)
 17 Gaurav Dr. 10,000
Rahul Dr. 16,000
To Sales A/c 26,000
(Being goods sold)

20 Cash A/c Dr. 9,800

Discount Allowed A/c Dr. 200
To Gaurav 10,000
(Being cash received)

20 Insurance Premium Dr. 750

To Cash A/c 750
(being insurance premium paid)

22 Drawings A/c Dr. 1,200

To Cash A/c 1,200
(Being drawings made)

24 Purchase A/c Dr. 7,200

To Cash A/c 7,056
To Discount Allowed A/c 144
(Being goods purchased)

25 Cash A/c Dr. 15,200

Discount Allowed A/c Dr. 800
To Rahul 16,000
(being cash received)

31 Rent A/c Dr. 800

Advertisement A/c Dr. 1,000
Salaries A/c Dr. 4,000
To Cash A/c 5,800
(Being expenses paid)

31 Cash A/c Dr. 500

To Commission Received 500
(Being commission received)

24. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 21,000
To Capital A/c 21,000
(Being business started)

2 Bank A/c Dr. 16,000

 To Cash A/c 16,000
(Being deposited in bank)

3 Purchase A/c Dr. 4,000

To Bhushan Bros. 4,000
(Being goods purchased)

4 Bhushan Bros. Dr. 500

To Purchase Return 500
(Being goods returned)

6 Jajoo Bros. Dr. 2,500

To Sales A/c 2,500
(Being goods sold)

8 Sales Return A/c Dr. 300

To Jajoo Bros. 300
(Being goods returned)

12 Bhushan Bros. Dr. 3,500

To Cash A/c 3,400
To Discount Received 100
(Being cash paid)

15 Furniture A/c Dr. 250

To Sethi Furniture 250
(being furniture purchased)

16 Cash A/c Dr. 1,100

Bad Debts A/c Dr. 1,100
To Jajoo Bros. 2,200
(Being received from Jajoo Bros.)

17 Sethi Furniture Dr. 150

To Cash A/c 150
(Being cash paid)

25. Journal

Date Particulars L.F. Debit Credit

1 Purchase A/c Dr. 5,000
To Ajay 5,000
(Being goods purchased)

3 Diksha Dr. 6,500

To Sales A/c 6,500
(Being goods sold)
 5 Sales Returned Dr. 1,500
To Diksha 1,500
(Being goods returned)

5 Ajay Dr. 1,000

To Purchase Return 1,000
(Being goods returned)

26. Journal

Date Particulars L.F. Debit Credit

1 Purchase A/c Dr. 5,400
To Jajoo Bros. 5,400
(Being goods purchased)

3 Narayan Dass Dr. 5,820

To Sales A/c 5,820
(Being goods sold)

5 Sales Return A/c Dr. 1,455

To Narayan Dass 1,455
(Being goods returned by Narayan Dass)

6 Jajoo Bros. Dr 1,350

To Purchase Return 1,350
(Being goods returned)

27. Journal

Date Particulars L.F. Debit Credit

(a) Bad Debts Dr. 3,000
To Lal Singh 3,000
(Being bad debts written off)

(b) Cash A/c Dr. 1,200

Bad Debts A/c Dr. 4,800
To Jagdish Anand 6,000
(Being received from Jagdish Anand)

(c) Cash A/c Dr. 2,500

To Bad Debts Recovered 2,500
(Being bad debts recovered)

28. Journal
 Date Particulars L.F. Debit Credit
(a) Cash A/c Dr. 1,450
Discount Allowed A/c Dr. 50
To Rupam Dass 1,500
(Being amount paid to Rupam Dass)

(b) Dutta Bros. Dr. 1,200

To Cash A/c 1,200
To Discount Received
(being amount received)

(c) Cheques in hand Dr. 2,400

To Pradeep 2,400
(Being cheque received)

(d) Puneet Mehra Dr. 4,000

To Cash A/c 3,880
To discount received 120
(Being paid to Puneet Mehra)

29. Journal

Date Particulars L.F. Debit Credit

(a) Drawings A/c Dr. 1,120
To Purchase A/c 1,000
To Input CGST A/c 60
To Input SGST A/c 60
(Being goods taken for personal use)

(b) Charity A/c Dr. 560

To Purchase A/c 500
To Input CGST A/c 30
To Input SGST A/c 30
(being goods given as charity)

(c) Drawings A/c Dr. 2,500

To Cash A/c 2,500
(being income tax paid)

(d) Free Samples/Advertisement A/c Dr. 336

To Purchase A/c 300
To Input CGST A/c 18
To Input SGST A/c 18
(Being goods given as sample)

(e) Drawings A/c Dr. 650

To Cash A/c 650
 (Being drawings made by owner)

30. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 300
Bank A/c Dr. 7,000
Zahir’s A/c Dr. 800
Stock A/c Dr. 4,000
Sharma Dr. 1,500
To Bills Payable A/c 1,000
To Govind 2,000
To Ram Lal 900
To Capital A/c 9,700
(Being opening entry passed)

2 Purchase A/c Dr. 900

To Govind 900
(Being goods purchased)

3 Sharma Dr. 1,000

To Sales A/c 1,000
(Being goods sold)

5 Purchase A/c Dr. 1,200

To Ram Lal 1,200
(Being goods purchased)

8 Zahir Dr. 500

To Sales A/c 500
(Being sold goods to Zahir)

10 Govind Dr. 1,500

To Bank A/c 1,500
(Being cheque issued to Govind)

18 Bank A/c Dr. 2,000

Discount Allowed A/c Dr. 50
To Sharma 2,050
(Being received from Sharma)

20 Sharma Dr. 800

To Sales A/c 800
(Being goods sold)

20 Rent A/c Dr. 150

 To Bank A/c 150
(Being rent paid)

25 Zahir Dr. 1,000

To Sales A/c 1,000
(Being goods sold)

31 Salaries A/c Dr. 300

To Cash A/c 300
(Being salaries paid in cash)

31. Journal

Date Particulars L.F. Debit Credit

A Cash A/c Dr. 15,000
To Capital A/c 15,000
(Being business started)

B Purchase A/c Dr. 2,000

To Cash A/c 2,000
(Being goods purchased)

C Purchase A/c Dr. 12,000

To Mr. B 12,000
(Being goods purchased)

D Rent A/c Dr. 200

To Cash A/c 200
(Being rent paid)

E Cash A/c Dr. 11,000

To Sales A/c 11,000
(Being goods sold)

F Debtor’s Personal A/c Dr. 8,000

To Sales A/c 8,000
(Being goods sold on credit)

G Return inward Dr. 1,500

To Debtor’s personal A/c 1,500
(Being goods received back)

H Cash A/c Dr. 6,000

To Commission Received 6,000
(being commission received)

I Charity A/c Dr. 250

 To Purchase A/c 250
(Being goods given in charity)

J Purchase A/c Dr. 2,000

To Ram 2,000
(Being goods purchased)

K Misc. Expenses Dr. 1,800

To Cash A/c 1,800
(Being expenses paid)

L Salaries A/c Dr. 2,000

To Cash A/c 2,000
(being salaries paid)

M Salaries A/c Dr. 1,000

To Outstanding Salaries 1,000
(Being salary is outstanding)

32. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 80,000
To Capital A/c 80,000
(Being business started)

5 Bank A/c Dr. 60,000

To Cash A/c 60,000
(Being deposited in bank)

7 Purchase A/c Dr. 10,000

To Cash A/c 10,000
(Being goods purchased)

9 Jay Dr. 5,000

To Sales A/c 5,000
(Being goods sold)

12 Cash A/c Dr. 3,900

Discount Allowed A/c Dr. 100
To Jay 4,000
(Being cash received)

13 Purchase A/c Dr. 10,200

To Pooja 10,200
(Being goods purchased)
 15 Pooja Dr. 8,000
To Cash A/c 7,800
To Discount Received A/c 200
(Being cash paid)

16 Cash A/c Dr. 5,500

To Sales A/c 5,500
(being goods sold)

18 Purchase A/c Dr. 4,700

To Dass 4,700
(Being goods purchased)

19 Drawings A/c Dr. 2,000

To Cash A/c 2,000
(Being drawings made)

20 Bank A/c Dr. 1,000

To Jay 1,000
(Being deposited in bank)

21 Sundry Expenses A/c Dr. 500

To Cash A/c 500
(Being sundry expenses paid)

23 Rent A/c Dr. 900

To Cash A/c 900
(Being rent paid)

24 Dass Dr. 4,700

To Cash A/c 4,600
To Discount Received A/c 100
(Being paid to Dass)

27 Wason Dr. 9,500

To Sales A/c 9,500
(Being goods sold)

30 Carriage A/c Dr. 100

To Cash A/c 100
(Being Carriage paid)

33. Opening Entry

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 2,000
 Stock A/c Dr. 45,000
Bank A/c Dr. 20,000
Tarun Dr. 3,500
To Atma Ram 2,500
To Capital A/c 68,000
(Being opening entry passed)

Journal

Date Particulars L.F. Debit Credit

3 Hari Dr. 10,000
To Sales A/c 10,000
(Being goods sold)

5 Cash A/c Dr. 4,000

To Sales A/c 4,000
(Being goods sold)

7 Lal Dr. 500

To Sales A/c 500
(Being goods sold)

8 Purchase A/c Dr. 1,200

To Mayank 1,200
(Being goods purchased)

10 Tarun Dr. 1,000

To Sales A/c 1,000
(Being goods sold)

13 Wages A/c Dr. 200

To Cash A/c 200
(Being wages paid)

15 Cash A/c Dr. 6,000

To Hari 6,000
(Being cash received)

15 Bank A/c Dr. 10,000

To Cash A/c 10,000
(Being paid into bank)

18 Drawings A/c Dr. 500

To Cash A/c 500
(Being drawings made)

23 Ramji Dr. 7,000

 To Sales A/c 7,000
(being goods sold)

24 Purchase A/c Dr. 6,500

To Ramesh 6,500
(being goods purchased)

25 Wages A/c Dr. 300

To Cash A/c 300
(being wages paid)

30 Cash A/c Dr. 1,440

To Sales A/c 1,440
(Being goods sold)

34. Opening Entry

Date Particulars L.F. Debit Credit

Cash A/c Dr. 1,000
Bank A/c Dr. 15,000
Stock A/c Dr. 6,000
Furniture A/c Dr. 5,000
Sohan Lal Dr. 2,000
Shyam Lal Dr. 1,000
To Kasturi Lal 3,000
To Mohan’s Loan 5,000
To Capital A/c (Bal. Fig.) 22,000

35. Opening Entry

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 10,000
Bank A/c Dr. 16,800
Furniture A/c Dr. 8,000
Stock A/c Dr. 50,000
Debtors 8,000 + 12,000 Dr. 20,000
To Creditors 4,000 + 5,000 9,000
To Capital A/c (Bal. Fig.) 95,800
(being opening entry passed)

Journal

Date Particulars L.F. Debit Credit

2 Cheques in hand A/c Dr. 7,600
Discount Allowed A/c Dr. 400
To Ram 8,000
 (Being cheque received)

4 Bank A/c Dr. 7,600

To Cheques in hand 7,600
(Being cheque deposited)

5 Purchase A/c Dr. 18,000

To Bank A/c 17,100
To Discount Received A/c 900
(Being goods purchased)

6 Bank A/c Dr. 3,860

Discount Allowed A/c Dr. 140
To Shyam 4,000
(Being payment received)

10 Anil Dr. 4,000

To Cash A/c 3,920
To Discount Received A/c 80
(Being cash paid to Anil)

15 Cash A/c Dr. 800

To Furniture 800
(being furniture sold)

16 Shiv Prasad Dr. 8,500

To Sales A/c 8,500
(Being goods sold)

18 Sales Return A/c Dr. 850

To Shiv Prasad 850
(Being goods returned back)

20 Repairs A/c Dr. 100

To Cash A/c 100
(being repair expenses paid)

25 Bank A/c Dr. 7,344

Discount Allowed A/c Dr. 306
To Shiv Prasad 7,650
(Being payment received)

28 Bank Charges A/c Dr. 50

To Bank A/c 50
(Being bank charged paid)

31 Cash A/c Dr. 200

 To Commission received 200
(Being commission received)

36. Journal

Date Particulars L.F. Debit Credit

Cash A/c Dr. 90,000
To Capital A/c 90,000
(Being business started)

Purchase A/c Dr. 12,000

Input CGST A/c Dr. 1,080
Input SGST A/c Dr. 1,080
To Cash A/c 14,160
(Being goods purchased)

Cash A/c Dr. 14,160

To Sales A/c 12,000
To Output CGST A/c 1,080
To Output SGST A/c 1,080
(Being goods sold)

Purchase A/c Dr. 12,600

Input CGST A/c Dr. 1,134
Input SGST A/c Dr. 1,134
To Harry 14,868
(Being goods purchased)

Davidson Dr. 14,160

To Sales A/c 1,200
To Output CGST A/c 1,080
To Output SGST A/c 1,080
(Being goods sold)

Graham Dr. 21,240

To Sales A/c 18,000
To Output CGST A/c 1,620
To Output SGST A/c 1,620
(Being goods sold)

Output CGST A/c Dr. 3,780

Output SGST A/c Dr. 3,780
To Bank A/c (Electronic Ledger) 3,132
To Input CGST A/c 2,214
To Input SGST A/c 2,214
(Being tax deposited)
Working GST:
Input CGST = 1,080 +1,134 = 2,214 and Input SGST = 1,080 + 1,134 = 2,214
Output CGST = 1,080 + 1,080 + 1,620 = 3,780
Output SGST = 1,080 + 1,080 + 1,620 = 3,780
Tax paid to Government = CGST = 3,780 – 2,214 = 1,566 and SGST = 3,780 – 2,214 = 1,566

37. Journal

Date Particulars L.F. Debit Credit

Purchase A/c Dr. 50,000
Input CGST A/c Dr. 3,000
Input SGST A/c 3,000
To Bank A/c 56,000
(Being goods purchased)

Purchase A/c Dr. 40,000

Input IGST A/c Dr. 4,800
To Sohan 44,800
(Being goods purchased)

Bank A/c Dr. 4,480

To Purchase A/c 4,000
To Input CGST A/c 240
To Input SGST A/c 240
(Being goods returned back)

Sohan Dr. 2,240

To Purchase Return 2,000
To Input IGST A/c 240
(being goods returned)

Bank A/c Dr. 22,400

To Sales A/c 20,000
To Output CGST A/c 1,200
To Output SGST A/c 1,200
(Being goods sold)

Cheques in hand Dr. 11,200

Cash A/c Dr. 11,200
To Sales A/c 20,000
To Output CGST A/c 1,200
To Output SGST A/c 1,200
(Being goods sold)

Cash A/c Dr. 11,200

 To Sales A/c 10,000
To Output CGST A/c 600
To Output SGST A/c 600
(Being goods sold)

38. Journal

Date Particulars L.F. Debit Credit

Purchase A/c Dr. 2,00,000
Input CGST A/c Dr. 18,000
Input SGST A/c Dr. 18,000
To Cash A/c 2,36,000
(Being goods purchased)

Cash A/c Dr. 2,83,200

To Sales A/c 2,40,000
To Output CGST A/c 21,600
To Output SGST A/c 21,600
(Being goods sold)

Legal Expenses A/c Dr. 10,000

Input CGST A/c Dr. 900
Input SGST A/c Dr. 900
To Cash A/c 11,800
(Being legal expenses paid)

Office Equipment A/c Dr. 30,000

Input CGST A/c Dr. 2,700
Input SGST A/c Dr. 2,700
To Cash A/c 35,400
(Being purchased Laptop for office)

39. Journal

Date Particulars L.F. Debit Credit

Purchase A/c Dr. 1,00,000
Input IGST A/c Dr. 18,000
To King Traders 1,18,000
(Being goods purchased)

Cash A/c Dr. 94,400

To Sales A/c 80,000
To Output CGST A/c 7,200
To Output SGST A/c 7,200
 (Being goods sold)

Cash A/c Dr. 70,800

To Sales A/c 60,000
To Output IGST A/c 10,800
(Being goods sold)

Telephone Bill Dr. 6,000

Input CGST A/c Dr. 540
Input SGST A/c Dr. 540
To Cash A/c 7,080
(Being telephone bill paid)

Office Equipment A/c Dr. 40,000

Input CGST A/c Dr. 3,600
Input SGST A/c Dr. 3,600
To Bank A/c 47,200
(Being purchase of photocopy machine)

40. Journal

Date Particulars L.F. Debit Credit

Furniture A/c Dr. 30,000
Input CGST A/c Dr. 2,700
Input SGST A/c Dr. 2,700
To Cash A/c 35,400
(Being Furniture Purchased)

Office Equipment A/c Dr. 20,000

Input CGST A/c Dr. 1,800
Input SGST A/c Dr. 1,800
To Cash A/c 23,600
(Being purchase of Laptop for office)

Furniture A/c Dr. 5,000

Input CGST A/c Dr. 450
Input SGST A/c Dr. 450
To Cash A/c 5,900
(Being Furniture Purchased)

Office Equipment A/c Dr. 8,000

Input IGST A/c Dr. 1,440
To Bank A/c 4,720
To Bajaj Electronics 4,720
(Being purchase of printer for office)

Machinery A/c Dr. 1,00,000

 Input IGST A/c Dr. 18,000
To Bank A/c 23,600
To Vinod Machine Tools Ltd. 94,400
(Being purchase of Machinery)

41. Journal

Date Particulars L.F. Debit Credit

(i) Purchase A/c Dr. 90,000
Input CGST A/c Dr. 5,400
Input SGST A/c Dr. 5,400
To Ram 1,00,800
(Being goods purchased)

Ronald Dr. 67,200

To Sales A/c 60,000
To Output CGST A/c 3,600
To Output SGST A/c 3,600
(Being goods sold)

(ii) Purchase A/c Dr. 60,000

Input IGST A/c Dr. 7,200
To Cash A/c 67,200
(Being goods purchased)

Cash A/c Dr. 44,800

To Sales A/c 40,000
To Output CGST A/c 2,400
To Output SGST A/c 2,400
(Being goods sold)

Cash A/c Dr. 22,400

To Sales A/c 20,000
To Output IGST 2,400
(Being goods sold)

42. Journal

Date Particulars L.F. Debit Credit

Purchase A/c Dr. 50,000
Input IGST A/c Dr. 9,000
To Vinod Traders 59,000
(Being goods purchased)

Ram & Sons Dr. 23,600

To Sales A/c 20,000
 To Output CGST A/c 1,800
To Output SGST A/c 1,800
(Being goods sold)

Purchase A/c Dr. 80,000

Input IGST A/c Dr. 14,400
To Bank A/c 94,400
(Being goods purchased)

Bank A/c Dr. 11,800

To Sales A/c 10,000
To Output IGST A/c 1,800
(Being goods sold)

Accountancy Challenge
1. Opening Entry

Date Particulars L.F. Debit Credit

Cash A/c Dr. 10,000
Bank A/c Dr. 14,000
Machinery A/c Dr. 30,000
Furniture A/c Dr. 20,000
Goodwill A/c Dr. 16,000
Input CGST A/c Dr. 8,000
Input SGST A/c Dr. 8,000
Debtors A/c (Bal. fig.) Dr. 20,000
To Creditors 27,000
To Bills Payable 13,000
To Outstanding Expenses 3,000
To Due to Jhonson 7,000
To Capital A/c 76,000
(Being opening entry passed)

2. Opening Entry

Date Particulars L.F. Debit Credit

Cash A/c Dr. 20,000
Bank A/c Dr. 15,000
Machinery A/c Dr. 50,000
Furniture A/c Dr. 20,000
Debtors A/c Dr. 10,000
Input IGST A/c Dr. 4,000
To Bills Payable 10,000
To Bank Loan A/c 15,000
To Outstanding Salary 8,000
 To Capital A/c 64,000
To Capital Reserve 5,000
To Creditors (Bal. Fig.) 17,000
(Being opening entry passed)

3. Journal

Date Particulars L.F. Debit Credit

Machinery A/c Dr. 2,000
To Cash A/c 2,000
(Being wages paid for machinery installed)

Cash A/c Dr. 3,420

Discount Allowed A/c Dr. 180
To Sales A/c 3,600
(Being goods sold)

Gopi & Sons Dr. 627

To Sales A/c 627
(Being goods sold)

Machinery A/c Dr. 10,000

To Cash A/c 10,000
(Being machinery purchased)

M/s Abbas & Sons Dr. 9,900

To Sales A/c 9,900
(being goods sold)

Purchase A/c Dr. 5,000

To Creditors A/c 5,000
(Being goods purchased)

Debtors Personal A/c Dr. 1,000

To Sales A/c 1,000
(Being goods sold on credit)

4. Journal

Date Particulars L.F. Debit Credit

Cash A/c Dr. 1,50,000
Stock A/c Dr. 10,000
To Capital A/c 16,000
(Being business started)
Purchase A/c Dr. 5,000
To M/s Garg & Sons 4,000
To Peterson 1,000
(Being goods purchased)

Drawings A/c Dr. 300

To Purchase A/c 300
(Being Drawings made)

Loss by Fire Dr. 2,000

To Purchase A/c 2,000
(Being goods lost by fire)

Gavaskar Dr. 1,045

To Sales A/c 1,045
(Being goods sold)

M/s Garg & Sons Dr. 4,000

To Bank A/c 4,000
(Being payment made)

Salaries A/c Dr. 650

To Outstanding Salaries 650
(Being salary outstanding)

Drawings A/c Dr. 15

To Interest on Drawings 15
(Being interest charged on drawings 300 x 5%)

Peterson Dr. 1,000

To Cash A/c 990
To Discount Received A/c 10
(Being amount paid to Peterson)

Insurance Premium A/c Dr. 13,000

To Cash A/c 13,000
(Being insurance premium paid)

Prepaid Insurance Premium Dr. 1,000

To Insurance Premium 1,000
(Being insurance premium prepaid)

Depreciation on Furniture Dr. 1,500

To Furniture A/c 1,500
(Being Furniture Depreciated)

Closing Stock Dr. 7,500

 To Trading A/c 7,500
(Being closing stock in hand)

5. Journal

Date Particulars L.F. Debit Credit

Cash A/c Dr. 40,000
Furniture A/c Dr. 5,000
Motor Car A/c Dr. 12,000
Stock A/c Dr. 20,000
To Capital A/c 77,000
(Being business commenced)

Bank A/c Dr. 15,000

To Cash A/c 15,000
(Being opened bank account)

Purchase A/c Dr. 9,000

To Sen 9,000
(Being goods purchased)

Basu Dr. 6,000

To Sales A/c 6,000
(Being goods sold)

Stationery A/c Dr. 200

To Cash A/c 200
(Being stationery purchased)

Cash A/c Dr. 2,000

To Sales A/c 2,000
(Being goods sold)

Travelling Expenses A/c Dr. 600

To Cash A/c 600
(Being Travelling Expenses paid)

Drawings A/c Dr. 1,000

To Bank A/c 1,000
(Being withdrawn for personal use)

Cash A/c Dr. 3,000

To Bank A/c 3,000
(Being withdrawn from Bank)

Sen Dr. 9,000

To Bank A/c 8,800
 To Discount Received A/c 200
(Being paid to Sen)

Freight and Clearance Charges Dr. 400

To Cash A/c 400
(Being Freight and Clearance Charges paid)

Bank A/c Dr. 6,000

To Basu 6,000
(Being cheque received from Basu)

Drawings A/c Dr. 300

To Bank A/c 300
(Being drawings made)

Bank A/c Dr. 200

To Interest Received 200
(Being interest received)

Bank Charges Dr. 25

To Bank A/c 25
(Being bank charges charged by bank)

6. Journal

Date Particulars L.F. Debit Credit

Purchase A/c Dr. 25,500
Input CGST A/c Dr. 2,295
Input SGST A/c Dr. 2,295
To Manish 30,090
(Being goods purchased)

Bank A/c Dr. 15,340

To Sales A/c 13,000
To Output CGST A/c 1,170
To Output SGST A/c 1,170
(Being goods sold)

Cash A/c Dr. 47,200

To Sales A/c 40,000
To Output CGST A/c 3,600
To Output SGST A/c 3,600
(Being goods sold)

Output CGST A/c Dr. 4,770

Output SGST A/c Dr. 4,770
To Input CGST A/c 2,295
 To Input SGST A/c 2,295
To Bank A/c (Electronic Ledger) 4,950
(Being Tax adjusted and paid)
Working Note:
Input CGST = 2,295 and Input SGST 2,295
Output CGST = 1,170 + 3,600 = 4,770
Output SGST = 1,170 + 3,600 = 4,770
7. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 30,000
To Capital A/c 30,000
(Being business started)

4 Loss by Fire Dr. 6,000

To Purchase A/c 6,000
(Being goods lost by fire)

9 (i) Loss by Fire Dr. 2,000

To Purchase A/c 2,000
(Being goods lost by fire)

(ii) Insurance Co. A/c Dr. 2,000

To Loss by fire 2,000
(Being insurance claimed)

(iii) Bank A/c Dr. 2,000

To Insurance Co. 2,000
(Being insurance claim received)

15 (i) Loss by Fire Dr. 2,000

To Purchase A/c 2,000
(Being goods lost by fire)

(ii) Insurance Co. A/c Dr. 2,000

To Loss by fire 2,000
(Being insurance claimed)

(iii) Bank A/c Dr. 1,900

Loss by Fire A/c Dr. 100
To Insurance Co. 2,000
(Being insurance claim received)

31 Drawings A/c Dr. 5,000

To Cash A/c 5,000
 (Being income tax paid)

8. Journal

Date Particulars L.F. Debit Credit

1 Cash A/c Dr. 1,50,000
Plant & Machinery A/c Dr. 2,50,000
Building A/c Dr. 5,00,000
To Capital A/c 9,00,000
(Being business started)

2 Bank A/c (HDFC Bank) Dr. 40,000

To Cash A/c 40,000
(Being bank account opened)

3 Bank (SBI) A/c Dr. 20,000

To Cash A/c 20,000
(Being bank account opened)

5 Purchase A/c Dr. 70,000

To Hussain Bros. 70,000
(Being goods purchased)

9 Mr. Singh Dr. 50,000

To Sales A/c 50,000
(Being goods sold)

11 Bank (SBI) A/c Dr. 10,000

To HDFC Bank A/c 10,000
(Being amount transferred)

14 Cash A/c Dr. 10,000

To Sales A/c 10,000
(Being goods sold)

17 Cash A/c Dr. 4,860

Debtors A/c Dr. 5,400
Discount Allowed A/c Dr. 540
To Sales A/c 10,800
(Being goods sold)

23 Bank A/c Dr. 2,000

To Sales A/c 2,000
(Being goods sold)

30 (i) Insurance Premium A/c Dr. 1,500

To Cash A/c 1,500
 (being insurance premium paid)

(ii) Drawings A/c Dr. 1,000

To Bank A/c 1,000
(Being Drawings made)

9. Journal

Date Particulars L.F. Debit Credit

(i) Salaries A/c Dr. 60,000
To Cash A/c 60,000
(Being salaries paid)

(ii) Wages A/c Dr. 10,000

To Cash A/c 10,000
(being wages paid)

(iii) Telephone Expenses A/c Dr. 5,000

Input CGST A/c Dr. 450
Input SGST A/c Dr. 450
To Bank A/c 5,900
(being Telephone expenses paid)

(iv) Charity A/c Dr. 11,200

To Purchase A/c 10,000
To Input CGST A/c 600
To Input SGST A/c 600
(Being goods given in charity)

(v) (i) Rent A/c Dr. 2,000

Input CGST A/c Dr. 180
Input SGST A/c Dr. 180
To Cash A/c 2,360
(Being rent paid)

(ii) Rent A/c Dr. 5,000

Input IGST A/c Dr. 900
To Cash A/c 5,900
(Being rent paid)

(vi) Electricity Expenses A/c Dr. 6,000

To Bank A/c 6,000
(Being electricity bill paid)

(vii) Bank Charges A/c Dr. 1,000

Input CGST A/c Dr. 90
Input SGST A/c Dr. 90
 To Bank A/c 1,180
(Being bank charges paid)

(viii) Cash A/c Dr. 11,800

To Commission Received 10,000
To Output CGST A/c 900
To Output SGST A/c 900
(being commission received)

(ix) Bank Charges A/c Dr. 2,000

Input CGST A/c Dr. 180
Input SGST A/c Dr. 180
To Bank A/c 2,360
(Being bank charges paid)

(x) (i) Loss by Fire Dr. 5,600

To Purchase A/c 5,000
To Input CGST A/c 300
To Input SGST A/c 300
(Being goods lost by fire)

(ii) Drawings A/c Dr. 4,480

To Purchase A/c 4,000
To Input CGST A/c 240
To Input SGST A/c 240
(being goods taken for personal use)

10. Journal

Date Particulars L.F. Debit Credit

(i) Purchase A/c Dr. 36,000
Input CGST A/c Dr. 2,160
Input SGST A/c Dr. 2,160
To Vinod Traders 40,320
(Being goods Purchased)

(ii) Vinod Traders A/c Dr. 40,320

To Bank A/c 38,520
To Discount Received A/c 1,800
(Being paid to Vinod Traders)

(iii) Mohan Dr. 40,320

To Sales A/c 36,000
To Output CGST A/c 2,160
To Output SGST A/c 2,160
(Being goods sold)
(iv) Cash A/c Dr. 38,520
Discount Allowed A/c Dr. 1,800
To Mohan 40,320
(Being cash received)

(v) Purchase A/c Dr. 36,000

Input IGST A/c Dr. 4,104
To Cash A/c 38,304
To Discount Received A/c 1,800
(Being goods purchased)

(vi) Bank A/c Dr. 57,456

Discount Allowed A/c Dr. 2,700
To Sales A/c 54,000
To Output IGST A/c 6,156
(Being goods sold)