SHREE SWAMINARAYAN COLLEGE OF COMMERCE & MANAGEMENT

BBA SEM 1
SUBJECT: 102 FUNDAMENTALS OF ACCOUNTING
Unit: 1 (1) Journal

Sum: 1
Journalize the following transactions of Shri Kumar Shanu. 2020 June
1: Purchased goods for cash from Mangeshkar Bros. Rs. 6,000.
6: Purchased goods on credit from Alka Stores Rs. 2,200.
7: Sold goods to Mahendra Kapoor Rs. 1,000.
10: Paid to Kishorekumar on account Rs. 600.
11: Paid salary to the accountant Gaurang Rs. 300.
15: Received rent Rs. 150.
Sum: 2
Related to new business /capital transactions:
(1) Started business with cash Rs. 12,000.
(2) Brought goods of Rs. 4,000 in business.
(3) Started business with cash Rs.2,000, furniture Rs. 1,500, goods Rs. 3,000 and a loan of Rs. 800 from
Dipak.
(4) A Personal Scooter was sold for Rs. 5,500 and out of this; cash of Rs. 4,000 was brought into the
business.
(5) Started a business with cash Rs. 10,000, debtors Rs. 4,000 and creditors Rs. 3,000.
Sum: 3
Write journal entries from the following transactions of Ashish Gandhi for the month of July, 2023
1. Purchased goods for cash Rs. 1,200.
3. Purchased goods Rs. 700.
5. Purchased goods from Ujash Rs. 850.
6 Placed an order with Gaurav for supplying goods Rs. 520.
8. Sold goods Rs. 900.
11. Sold goods to Kantilal Rs. 750.
12. Gaurav sent goods as per our order Rs. 520.
16. Out of the purchases of 5th July, goods of Rs. 200 are returned, being defective.
17. Settled account of Ujash by paying cash for the purchases made on 5th
18. Girish returned goods, being not as per his order Rs. 120.
20. Purchased goods of Rs. 2,200 from Desai Bros and sold half of it to Patel & Sons at a profit of 10%.
24. Patel & Sons returned defective goods of Rs. 165 which we returned to Desai Bros
25. Bharat sent goods of Rs. 880 to Navin on instructions from Ashish Gandhi for which Ashish Gandhi
sent the invoice for Rs 1,000
Sum: 4 Goods going out for other reasons:
Write journal entries from the following transactions of Manoj Prabhakar for the month of July 2004
1: Goods of the cost of Rs. 1,400 were completely destroyed by fire. The goods were not insured.
2: Goods of Rs 2,400 were damaged by fire. The insurance company accepted a claim for Rs. 1,600. The
goods damaged were sold for Rs. 360.
5: Goods costing Rs. 800 are stolen from godown.
6: Goods worth Rs. 440 were distributed free among the poor.
7: Goods costing Rs. 960 were distributed free as samples.
8: Goods of Rs. 700 were withdrawn for personal use.
10: Goods of Rs. 480 were soaked by rain and were sold for Rs. 260.
12: Goods of Rs. 320 were received as samples.
14: Goods of Rs. 250 were received as samples and were sold for Rs. 220.

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Sum: 5 Purchase and sale of Assets
Record the following transactions of Shri Sachin Tendulkar in his Journal for the month of April, 2004
4: Purchased a cupboard of Rs 600 and two chairs for Rs. 500 from Krupali Furniture Mart
7: Purchased a machine for Rs. 5,000 and paid Rs. 600 for installation charges.
15: Purchased furniture of Rs. 1,800 and given the goods costing Rs. 1,500 in exchange.
20: Purchased balance and weights for Rs. 300.
Sum: 6 Expenses and incomes
Journalise the following transactions of Shri Dhruvin Jariwala for the month of June, 2024.
1: Paid wages Rs. 50.
4: Paid salary to the accountant Kantilal Rs. 300.
13: Paid for fire insurance premium Rs. 50 and life insurance premium Rs. 75.
26: Sold goods to Mitesh Rs. 1,000 and paid carriage on his behalf of Rs. 10.
27: Purchased a machine for cash Rs. 10,000 from Shah Machinery Stores and paid wages Rs. 1,000 for its
installation.
Sum: 7
Enter the following transactions of Shri Ram in his Journal: 2024 July
1: Opened a bank account with Rs. 10,000.
2: Received a cheque from Krishna Rs. 500.
3: Cheque received from Krishna is paid into bank
4: Received a crossed cheque from Gopal Rs. 200. (or received a cheque from Gopal which was
immediately paid into bank Rs. 200)
5: A machine was purchased for Rs. 5,000 and paid for it by a cheque. The installation charges of the
machine Rs. 100 is paid in cash.
6: Sold goods for cash Rs. 2,000 and paid half the amount into the bank.
7: Withdrawn Rs. 100 for personal use and Rs. 200 for office use from bank
8: Given a cheque of Rs. 500 to Jagannath on account.
9: Paid Rs. 200 for salary in cash and fire insurance premium Rs.100 by a cheque.
10: Bank has debited Rs 5 to our account for bank charges and credited Rs 10 for interest.
11: Given a chequee of Rs 105 to Kanaiya in fll settlement of our dues of Rs 110 to him.
Sum: 8
Write the following transaction of shri Aakash in his journal: January 2024
1: Akash started business with cash Rs. 10,000, furniture Rs. 500 and stock of goods Rs. 1,000.
1: As more money is needed in business, a loan of Rs. 1,500 at 8% interest is taken from Vikram.
4: Opened a bank account and paid Rs. 7,500 in it.
6: Sold goods to Sapana Rs. 250, for which cash Rs. 150 is received.
8: Purchased a table of Rs. 200 for shop and a chair of Rs. 150 for home from A-1 Furniture Mart for cash.
10: Sold goods on credit to Vallary Rs. 200 and to Nishith for cash Rs. 150.
14: Bought goods of Rs. 800 at 10% trade discount from Sharvari, on the condition that 5% cash discount
will be allowed if payment is made within 15 days. Paid half the amount by cheque.
15 : Given goods worth Rs. 130 to flood relief fund.
16: Received an order from Sheeba for supplying goods Rs. 100.
17: Sent goods to Sheeba as per order.
20 :Paid salary in cash to Shilpa Rs. 100 and paid by cheque Rs 110 for stationery.
23: Purchased a shop for Rs. 6,000 by a cheque and paid Rs. 200 in cash for brokerage etc
24: Joy was employed as an apprentice and Rs. 100 is received from him as an apprentice premium.
25: Vallary is declared insolvent and the amount due from her is written off.
27: Paid the amount due to Sharvari in cash.
28: Akash paid Rs. 125 for his son's tuition fees.
30: Sapana paid Rs. 95 and settled her account.
31: Paid interest for one month on Vikram's loan.

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Sum: 9
Mahadev starts a new business. Transactions for the month of March, 2024 are given below. Journalize the
transactions:
1: Commenced business with cash Rs. 9,000, furniture Rs. 750, stock of goods Rs. 400 and creditors of Rs.
150.
1: Expenses incurred in inauguration of shop Rs. 300.
3: Opened bank account with Rs. 4,000.
5: Bought from Shamik goods 200 kg. at Rs. 10 per kilo at a trade discount of 10% and cash discount of 5%
and paid the amount by cheque.
18: Goods purchased from Shamik now sold to Shailesh at a profit of 20% on cost
10: Purchased stationery of Rs. 100 from Shailendra Stationery Mart.
13: Paid life insurance premium Rs. 300 and fire insurance premium of Rs. 200 by cheque.
14: Received a cheque of Rs. 1,660 from Shailesh on account.
16: Cheque received from Shailesh paid into the bank.
18: Purchased 100 kg of goods at Rs. 5 per kg. From auction.
19: Withdrawn goods of Rs. 20 from Shop and withdrawn from Bank Rs. 280 for personal use.
21: Paid Rs 21 and Rs. 31 as challo on the occasion of the marriage of Munim's son and uncle's son
respectively.
24: Paid salary to the Munim Rs. 200 in cash and paid rent Rs. 150 by cheque.
25: Amount due by Shailesh is written off as he is declared insolvent.
27: Purchased a machine for Rs. 500 and paid installation charges Rs. 10. The total amount is paid in cash.
29: Paid advertisement bill of Rs. 50 to "Jansatta
31: Our salesman sold goods for Rs. 100 from which he deducted Rs.10 for travelling expenses and paid the
balance in cash.
Sum: 10 (14 march 2024)
Raju started new business. Journalize the transactions: march 2022
1: Commenced business with cash Rs.9,000, furniture Rs. 750, goods Rs.400 and creditors of Rs.150.
1: Expenses incurred in inauguration of shop Rs.300.
3: Opened bank account Rs. 4,000
5: Bought from Chetan goods 200 kg at Rs. 10 per kilo at a trade discount of 10% and cash discount of 5%
and paid the amount by cheque
8: Goods purchased from Chetan now sold to chandresh at a profit of 20% on cost.
10: Purchased stationary of Rs 100 from chaitnya stationary mart.
13: Paid life insurance premium Rs 300 and fire insurance premium of Rs.200 by cheque
14: Received a cheque of Rs.1,660 from Chandresh
16: Cheque received from Chandresh paid in to the bank
18: Purchased 100 kg of goods at Rs. 5 per kg from auction
19: Withdrawn goods of Rs 20 from shop and withdrawn from Bank Rs. 280 for personal use
21: Paid Rs 101 as challo on the occasion of the marnage of munim's son
24: Paid salary to the Munim Rs 200 in cash and paid rent Rs.150 by cheque
25 : Amount due by Chandresh is written off as he is declared insolvent
27 : Purchased a machine for Rs 500 and paid installation charges Rs. 10. The total amount is paid in cash
29: Paid advertisement bill of Rs. 50 to Divyabhaskar.
Sum: 11 (22 November 2022)
Joumalize the following transactions in the books of Shree Sunil Raval for the month of March 2022
1: He started business with cash Rs. 10,000, goods Rs.5,000 and fumiture Rs.8,000
2: Borrowed a loan of Rs.5,000 from his friend Darshan
4: Purchased goods of Rs 5,000 from Ankit at 12% Trade Discount
5: Sold goods to Kirti Rs.5,000
7: Bought goods from Sahil at 10% trade discount and 5% cash discount Rs.4,000. Half the amount was paid
in cash

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10: Paid Rs.4,250 in cash to Ankit to settle his account, and paid the balance amount to Sahil after
deducting Rs.50 for discount
14: Placed an order with Saurav for supplying goods Rs.2,000.
15 Received apprentice premium from Nayan Rs.2,000
16: Received 40 paise in a rupee from Kirti in full settlement, as he is declared insolvent. The remaining
amount is written off
18: Saurav sent goods as per our order
20 : Retumed goods of Rs 200 to Saurav being not as per sample
21: Sold goods of Rs.2,000 for cash to Manoj at 10% trade discount and 5% cash discount
23: All goods purchased from Sahil on 7th March 2022 sold to Ankit at 20% profit
25: Ankit retumed goods of Rs.600 being defective goods, which we immediately returned to Sahit
27: Purchased fumiture for office use for Rs.2.000 and for domestic use Rs.1.000 from Asha Furniture Mart
28: Pad Shop Rent Rs. 2.000 and Rs.1,000 for residential building
28: Vinod gave RS 2.000 to Rahul on our instruction.
Sum: 12 (18 feb 2021)
Bragathish is a trader dealing in electronic goods for the following transactions took place in the month of
March 2020, pass journal entries
1. Purchased goods from Y and Co. on credit 60,000
2. Sold goods to D and Co. on credit 30,000
3. Paid Y and Co. through bank in full settlement 58,000
4. D and Co. accepted a bill drawn by Bragathish 30,000
5. Sold goods to L on credit 20,000
6. Sold goods to M on credit 40,000
7 Received a cheque from M in full settlement and deposited the same to the bank 39,000
8. Goods returned to Y and Co. 4,000
9. L became insolvent and only 90 paise per rupee is received by cash in final settlement
10 Goods returned by M 3,000
Sum: 13 (24 December 2021)
Jethalal stats a new business. Transactions for the month march 2024 are given below. Journalize the
transactions:
1: Commenced business with cash RS 16,200 ,furniture Rs 1350 stock of Rs 720 and creditors o Rs 270.
1: Expenses incurred in inauguration of shop Rs 540.
5 : Bought from tarak goods 200 KG at Rs 10 per KG at a trade discount 10 % and cash discount 5 and paid
the amount by cheque.
8: Goods purchase form tarak now sold to shailesh at a profit of 20% on cost.
10: Purchased stationary of RS 180 Shailesh stationary mart.
14: Received cheque of RS 2988 from shailesh on account.
16: cheque received Shailesh paid into the bank.
18: Purchased 100 Kg og goods at Rs 5 per Kg from auction.
21: Paid Rs. 21 and Rs 31 as challo on the occasion of the marriage of Munim's son and uncle's son
respectively
24: Paid salary to the Munim Rs 360 in cash and paid rent Rs 270 by cheque.
25: Amount due by Shailesh is written off as he is declared insolvent
29: Paid advertisement bill of Rs 50 to "Jansatta
31: Our salesman sold goods for Rs.180 from which he deducted Rs.18 for travelling expenses and paid the
balance in cash.

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