Dec 2011

Dat
e
201
1
Aug
1
2

10

17

19

20

29

Particular
Cash A/C
Dr
To Capital A/C
[Being business commenced
with Cash]
Purchase A/C
Dr
To Cash A/C
[Being goods purchased for
cash]
Freight A/C
Dr
To Cash A/C
[Being freight charges paid in
cash]
R.Kants A/C
Dr
To Sales A/C
[Being goods sold on Credit]
Stationary A/C
Dr
To Cash A/C
[Being Stationary charges
paid in cash]
Rent A/C
Dr
To Cash A/C
[Being rent paid in cash]
Cash A/C
Dr
Discount A/C
Dr
To Mohandass A/C
[Being cash received and
discount allowed]
Insurance Premium A/C
Dr
To Cash A/C
[Being insurance premium
charges paid in cash]
Postage A/C
Dr
To Cash A/C
[Being postage charges paid
in cash]
Cash A/C
Dr
Bad-Debt A/C
Dr
To Rakeshs A/C
[Being cash received from
Rakesh 50p from one rupee
and remaining declared as
insolvent]
Salaries A/C
Dr
To Cash A/C
[Being salaries paid]
Total

L/
F

Debit(Rs.)

Credit(Rs.
)

50,000
50,000

30,000
30,000

2,000
2,000

13,000
13,000
1,000
1,000

5,000
5,000
15,400
600
16,000

4,000
4,000

100
100

5,000
5,000
10,000

8,000
8,000

1,39,100

1,39,100

Journal Entries in the books of Shri Shiv Kumar Gupta

May

Dat
e
201
0
Aug
1
2

15

16

25

26

29

30

Particular
Cash A/C
Dr
To Capital A/C
[Being Cash invested in
business]
Bank of Baroda A/C
Dr
To Cash A/C
[Being account opened and
amount deposited]
Purchase A/C
Dr
To Cash A/C
[Being goods purchased for
cash]
Machinery A/C
Dr
To Cash A/C
[Being machinery purchase for
cash]
Purchase A/C
Dr
To Cash A/C
[Being goods purchased for
cash]
Cash A/C
Dr
To Sales A/C
[Being goods sold for cash]
Drawings A/C
Dr
To Bank A/C
[Being cash withdraw for
personal use]
Purchase A/C
Dr
To Preetam & Sons A/C
[Being goods purchased on
credit]
Cash A/C
Dr
To Ramanands A/C
[Being cash received from
Ramanand ]
Mangesh Bros.s A/C
Dr
To Cash A/C
[Being cash paid to Mangesh
Bros.]
Rent A/C
Dr
To Cash A/C
[Being rent paid]
Cash A/C
Dr
To Commission A/C
[Being commission received]
Total

L/F

Debit(R
s.)
2,00,00
0

1,00,00
0

Credit(Rs.
)
2,00,000

1,00,000

5,000
5,000

8,000
8,000

3,000
3,000

9,000
9,000
2,000
2,000
6,000
6,000

3,500
3,500

2,500
2,500

1,250
1,250
1,750
1,750

3,42,00
0

3,42,000

2011
Journal Entries in the books of Shri. Ganesh

DEC 2010
Journal Entries in the books of Mr.Gupta

Date

Particulars

2009
Jan 1

Cash a/c
dr
To capital a/c
[being cash invested for
business
commencement]
Machinery a/c
dr
To cash a/c
[Being machinery
purchased and wages
paid for installation Rs.
10,000]
Furniture a/c
dr
To cash a/c
[Being furniture
purchased]
Computer a/c
dr
To Ramans a/c
[Being computer
purchased for Raman]
Purchase a/c
dr
To Mongias a/c
[being goods purchased]
Ramans a/c
dr
To bank a/c
To discount a/c
[Being paid to Roman by
cheque in full settlement]
Pawans a/c
dr
To sales a/c
[Being good sold]
Cash a/c
dr
Discount a/c
dr
To Pawans a/c
[Being cash received
from pawar in full
settlement]
Stationary a/c
dr
To cash a/c
[Being stationary paid.]
Cash a/c
dr
To newspaper a/c

10

12

19

22

l/f

Debit

Credit

3,00,000
3,00,000

1,20,000
1,20,000

15,000
15,000

28,600
28,600

7,000
7,000
28,600
28,600
600

12,000
1,39,020
11,500
500
12,000

800
800
150
150

25

27

31

31

[Being old newspaper

sold]
Electricity charges a/c
dr
To cash a/c
[Being electricity charges
paid]
Salaries a/c
dr
To bank a/c
[Being salaries paid by
cheque]
Drawings a/c
dr
To bank a/c
[Being cash withdrawn
for personal use]
Cash a/c
dr
To sales a/c
[Being cash sales ]

800
800

3,000
3,000

2,000
2,000

18,000

18,000

5,47,950

5,47,950

May 2009
Journal Entries in the books of Mr. Shashi Raja
Date
June 2008
1

Particulars
Cash A/C
Building A/C
Bank Balance A/C
To capital A/C

L/F
Dr
Dr
Dr

Debit

Credit

10000
150000
43000
203000

[Being business commenced

with cash, building and bank
balance]
3

Purchases A/C
To Avis A/C

Dr

19950
19950

[Being goods purchased from

Avi @ 5%TD]
4

Cash A/C
Discount A/C
To sales A/C

Dr
Dr

5000
600
5600

[Being goods sold @CD of Rs

600]
5

Wages A/C
To cash A/C
[Being wages paid]

Dr

Advertisement A/C
Dr
To goods A/C
[Being goods distributed as
free samples]

2000
2000

500
500

10

Insurance Premium A/C

Drawings A/C
To bank A/C

Dr
Dr
350
500

[Being insurance premium for

business office and life of
owner paid]
Investment A/C
To Bank A/C

850

Dr

14

5000
[Being investment made in
debentures of XYZ co. ltd.]

30

Avis A/C
To Discount A/C
To Bank A/C

5000

Dr
19550
598.5
19351.5

[Being settled Avis a/c @3%

CD ]
TOTAL
256850

256850

DEC 2008
Journalise entries in the book of Rikhi Enterprise
Date

Particulars

Jan 1

Cash A/C
Dr
Bank A/C
Dr
Stock of goods A/C
Dr
Machinary A/C
Dr
Furniture A/C
Dr
Verus & co A/c
Dr
To Capital A/c
[Being business brought forward
from last year]
Purchase A/C
Dr
To Sahana &co.A/C
[Being goods purchased on
credit]

20,000
28,000
4,000
10,000
1,000
1,500

Dhi & co. A/C

Dr
To Sales A/C
[Being goods sold]

4000

Veeru &co A/C

Dr
To Sales A/C
[Being goodssold]

10000

L/F

Debit

Credit

64,500

1000
1000

4000

10000

Cash A/C
Dr
Discount A/C
Dr
To Sahana &co.A/C
[]

1450
50
1500

10

11

12

13

Purchase A/C
Dr
To Cash A/c
[Being goods purchased from
A/C & Co]

10,000

Cash A/C
Dr
To Sales A/C
To Profit of sales A/C
[Being good sold and earned
profit]
Cash A/C
Dr
To Furniture A/C
[Being old furniture sold]

10,000

Machinery A/C
Dr
To Bank A/C
[Being machinery purchased]

15,000

Depreciation A/C
Dr
To Machinery A/C
[Being depreciation at 10% on
machinery]

1500

Purchase A/C
Dr
To Jansy BrosA/c
[Being goods purchased ]

5000

Freight A/C
Dr
To Cash A/C
[Being freight paid]

75

Bank A/C
Dr
To Veeru & co A/C
[Being cheque receivd from &
co & deposited in bank]

10000

10,000

6500
3500

800
800

15,000

1500

5000

75

10000

14

15

Veeru & co A/C

Dr
To Bank A/C
[Being cheque dishonored]

10,000

Drawing A/C
Dr
To Bank A/C
[Being cash withdraw for private
use]

1000

10,000

1000

144375
Total

MAY 2008

144375

Date

Particulars

2008
Jan 1

Cash A/C
Dr
To Capital A/c
[Being commenced business with
cash]

40,000

Purchase A/C
Dr
To Cash A/C
[Being goods purchased with
cash]

500

Cartrage A/C
Dr
To cash A/C
[Being cartrage paid]

110

Cash A/C
To Commission A/C
[Being goodssold]

L/F

Debit

40,000

500

110

Dr

600
600

Drawings A/C
Dr
To Bank A/C
[Being cash withdraw for personal
use]

300
300

Journalise entries in the book of Vallari

Date

Particulars

Credit

L/F

Debit

Credit

10

11

12

Salaries A/C
Dr
To Cash A/c
[Being salaries paid ]

5000

Cash A/C
Dr
Discount A/C
Dr
To Yogitas A/C
[Being yogita paid on account]

590
10

Loan A/C
Dr
To Samant A/C
[Being borrowed loan from
Samant]

10000

Bank A/C
Dr
To Cash A/C
[Being cash deposited in bank]

2500

Total

74,610

5000

600

10000

2500

74,610

Date
1

Particular

I/F

Debit
10,000
20,000

Cash a/c
dr
Goods a/c
To credition a/c
To bank loan a/c
To capital a/c
[being business brought
forward from last year]
Purchase a/c
1,000
dr
To cash a/c
[Being goods purchased
for cash]
Office expenses a/c
2,000
dr
To cash a/c
[Being office expenses
paid]
Salaries a/c
1,000
dr
To bank a/c
[being salaries paid by
cheque]
Drawing a/c
500
dr
To bank a/c
[Being cash withdraw for
personal use]
Goods a/c
5,000
dr
To Baru and co. a/c
[Being goods received]
Electricity Bill a/c
299
dr
To bank a/c
[Being electricity bill
paid]
Total
39,7999
MAY 2009
Journal entries in the books of

Credit
6,000
5,000
19,000

1,000

2,000

1,000

500

5,000

299

39,799

DEC 2006
Journal entries in the books of

Date

Particulars

2006
Nov 1

Cash a/c
dr
To capital a/c
[being business started
with cash]
Mr. Rajeenas a/c
dr
To cash a/c
[Being cash paid]
Purchase a/c
dr
To MNO Cos a/c
[Being qoods purchased
on credit]
Advertisement a/c
dr
To goods a/c
[Being goods destroyed
by fire]
Loss by fire a/c
dr
To goods a/c
[being goods destroyed
by fire]
Installation charge a/c
dr
To cash a/c
[Being installation charge
paid]
Total

l/f

Debit

Credit

1,00,000
1,00,000

6,000
6,000
12,500
12,500

5,500
5,500

7,000
7,000

8,000
8,000

1,39,020

1,39,020

MAY 2006
Journal entries in the books of

Date
2006
Jan 1

Particular
Cash a/c
dr
To capital a/c
[Being business started
with cash]
Purchase a/c
dr
To cash a/c
[being goods purchased
of cost]
Cash a/c
dr
To sales a/c
[being goods sold]
Motor car a/c

I /F

Debit
4,00,000

Credit
4,00,000

5,000
5,000

3,000
3,000
1,50,000

dr

22

25

To cash a/c
[being motor car
purchased]
Cash a/c
dr
To commission a/c
[Being building
purchased on credit]
Building a/c
dr
To veeras a/c
[Being building
purchased on credit]
Total

1,50,000

1,200
1,200
2,00,0000
2,00,000

7,59,200

7,59,200