Page 135 - Office Practice and Accounting -9

9. Journalize the following transactions in the books of Aryan & Co. for
the month of Ashwin, 2072.
Ashwin 6 Business started with capital of Rs. 85,000

Ashwin 7 Out of Rs. 2,000 only Rs. 1,500 paid for salary
Ashwin 12 Rent paid Rs. 1,300 (Rs. 1,000 for current month)
Ashwin 14 Opened bank account with Rs. 25,000

Ashwin 15 Cheque of Rs. 1,000 issued for electricity bill
Ashwin 18 Goods of Rs. 500 distributed free for example

10. The following transactions are given to you:
1, Ashadh 2072 Goods purchased of Rs. 70,000

7, Ashadh 2072 Goods purchased on credit from Ram of Rs. 30,000
11, Ashadh 2072 Goods sold for Rs. 80,000
16, Ashadh 2072 Goods withdrawn by proprietor for personal use Rs. 3,000

22, Ashadh 2072 Goods destroyed by fire of Rs. 5,000 and claim admitted by
insurance company for Rs. 3,000

28, Ashadh 2072 Paid to Ram Rs. 29,000 in full settlement of his A/c
Required: Journal Entries

11. Journalize the following transactions for the month of January.
Jan–1 Started business with cash Rs. 30,000 and bank balance of Rs.
70,000
Jan–5 Goods of Rs. 14,000 purchased through cheque

Jan–7 Furniture purchased for Rs. 7,000
Jan–9 Cash drawn for office use Rs. 15,000
Jan–14 Goods costing Rs. 5,000 purchased from Bimala

Jan–20 Electricity bill paid Rs. 500
Jan–25 A cheque of Rs. 4,900 issued to Bimala in full settlement
Jan–30 Rent paid for the month Rs. 800 through cheque

12. The following transactions belong to a trading house:

a. Started business with Rs. 1,75,000
b. Purchased furniture for Rs. 1,500
c. Purchased goods from Parajuli Concerns for Rs. 12,000

Office Practice and Accounting 9 131