Page 128 - Office Practice and Accounting -9

Jan–7 Furniture A/c.......................................................Dr. 7,000
To Cash A/c 7,000
(Being furniture purchased on cash)
Jan–9 Cash A/c.......................................................Dr. 15,000
To Bank A/c 15,000
(Being cash drawn for office use)
Jan–14 Purchase A/c.......................................................Dr. 5,000
To Manju A/c 5,000
(Being goods purchased from Manju on credit)
Jan–20 Electricity bill A/c.....................................................Dr. 5,00
To Cash A/c 5,00
(Being electricity bill paid)
Jan–25 Manju A/c.......................................................Dr. 5,000
To Bank A/c 4,900
To Discount A/c 100
(Being cheque paid to Manju in full settlement)
Jan–30 Rent A/c ....................................................... Dr. 800
To Bank A/c 800
(Being rent paid through cheque)

7. The following transactions are given:
1 Ashadh 2072 : Goods purchased of Rs. 70,000
2 Ashadh 2072 : Goods purchased on credit from Ram of Rs. 30,000
5 Ashadh 2072 : Goods sold for Rs. 80,000
6 Ashadh 2072 : Goods withdrawn by proprietor for personal use Rs. 3,000
7 Ashadh 2072 : Goods destroyed by fire of Rs. 5,000 and claim admitted by
insurance company for Rs. 3,000
Required: Journal entries

Journal entries
Date Particular LF Debit (Rs) Credit (Rs.)
1–3–2072 Purchase A/c....................................Dr. 70,000
To Cash A/c 70,000
(Being goods purchased)
2–3–2072 Purchase A/c.................................... Dr. 30,000
To Ram A/c 30,000
(Being goods purchased from Ram)
5–3–2072 Cash A/c.................................... Dr. 80,000
To Sales A/c 80,000
(Being goods sold on cash)
6–3–2072 Drawing A/c.................................... Dr. 3,000
To Purchase A/c 3,000
(Being goods drawn for personal use)
7–-3–2072 Goods lost A/c.................................... Dr. 2,000
Insurance Co. A/c............................... Dr. 3,000
To Purchase A/c 5,000
(Being goods lost and insurance claimed)

124 Office Practice and Accounting 9