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CCP102.14 2
Journalise the following transactions in the books of
Mr. Ganesh.
• Rs
Nov 1 Commenced business with 1,25.000
4 Purchased goods 25,000
7 Received cash from
Subramanyam 10,000
10 Sold goods to Srinivas 20,000
15 Cash sales 10,000
18 Received cash from Srinivas in
full settlement of his account 19,500
20 Purchased goods from Srinath 5,000
25 Paid to Srinath 4,900
and received discount of 100
30 Paid electricity 500
30 Paid salaries 1,000
CCP102.14 Oct/Nov 20073
Solution
L Debit Credit
Date Particulars F Amt Amt
Rs. Rs.
2006
Cash a/c Dr 1,25,000
Nov 1 To Capital a/c 1,25,000
(being cash invested in
the business)
CCP102.14 5
Nov20 Goods a/c Dr 5,000
To Srinath a/c 5000
(being goods bought on
credit)
CCP102.14 7
Summary
CCP102.14 8
Frequently asked questions
CCP102.14 9
CCP102.14 10