Page 130 - Office Practice and Accounting -9

1–15 Rama A/c..........................................Dr. 4,000
To Bank A/c 3,900
To Discount A/c 100
(Being cheque paid to Rama in full settlement)
1–16 Drawing A/c..........................................Dr. 1,000
To Cash A/c 1,000
(Being proprietor's life insurance paid)
1–20 Cash A/c..........................................Dr. 2,000
To Uma A/c 2,000
(Being cash received from Uma)
1–25 Bad debt A/c..........................................Dr. 10,000
To Ganga A/c 10,000
(Being account of Ganga written off)
1–28 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)
1–30 Salary A/c..........................................Dr. 200
To Salary outstanding A/c 200
(Being salary due)

9. You are provided following information to prepare the journal entries.
Jan–1 Goods of Rs. 2,000 returned to Binita
Jan–5 Furniture costing Rs. 500 sold to Ram
Jan–7 Goods costing Rs. 1,200 returned by Hari
Jan–9 Machinery costing Rs. 20,000 purchased from Dinesh paying cash Rs.
9,000, issuing cheque of Rs. 1,000 and balance on credit
Jan–10 Purchased goods of Rs. 6,000 for cash and received 10% trade discount
Jan–15 A debt of Rs. 500 previously by written off as bad debt recovered now
Jan–20 Provide depreciation 10% on machinery
Jan–21 Provide 10% interest on capital of Rs. 75,000
Jan–25 Interest on drawing Rs. 1,000
Jan–30 Salary due Rs. 2,000

Journal entries

Date Particular LF Debit (Rs) Credit (Rs.)
Jan–1 Binita A/c...............................Dr. 2,000
To Return outward A/c 2,000
(Being goods returned to Binita)
Jan–5 Ram A/c...............................Dr. 500
To Furniture A/c 500
(Being furniture sold to Ram on credit)
Jan–7 Returned inward A/c.....................Dr. 1,200
To Hari A/c 1,200
(Being goods returned by Hari)

126 Office Practice and Accounting 9