Page 123 - Office Practice and Accounting -9

Mangsir 8 Cash A/c................................................Dr. 1,500
To Furniture A/c 1,500
(Being old furniture sold)
Mangsir 9 Purchase A/c................................................Dr. 10,000
To Cash A/c 6,000
To Suresh A/c 4,000
(Being goods purchased from Suresh and made
partial payment)
Mangsir Cash A/c................................................Dr. 1,000
10
To Bad debt recovered A/c 1,000
(Being bad debt recovered)

2. You are given the following transactions:

i. Started business with cash Rs. 80,000
ii. Goods of Rs. 14,000 purchased
iii. Cash Rs. 25,000 deposited into bank

iv. Furniture purchased from Hari for Rs. 10,000
v. Rent paid Rs. 1800

Required: Journal entries

Date Particular LF Debit (Rs) Credit (Rs.)
i. Cash A/c …………………………Dr. 80,000
To Capital A/c 80,000
(Being business started with cash)
ii. Purchase A/c ………………………….. Dr. 14,000
To Cash A/c 14,000
(Being goods purchased on Cash)
iii. Bank A/c …………………………………Dr. 25,000

To Cash A/c 25,000
(Being cash deposited into bank)
iv. Furniture A/c ………………………………Dr. 10,000
To Hari A/c 10,000

(Being furniture purchased on credit)
v. Rent A/c ………………………………..Dr. 1800
To Cash A/c 1800
(Being rent paid)

Office Practice and Accounting 9 119