Page 150 - Office Practice and Accounting -9

Problems

1. You are given the following transactions:
i. Started business with cash Rs. 50,000
ii. Goods of Rs. 4,000 purchased

iii. Cash Rs. 25,000 deposited into bank
iv. Furniture purchased from Hari for Rs. 10,000

v. Rent paid Rs. 2,000
Required: i) Journal entries ii) Cash Account

2 Journalize the following transactions and also post them into Bank
and purchase ledger.

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 Manju
Jan–20 : Electricity bill paid Rs. 500

Jan–25 : A cheque of Rs. 4,900 issued to Manju in full settlement
Jan–30 : Rent paid for the month Rs. 800 through cheque

3. The following transactions are provided
1. Lama started business with Rs. 25,000 as Lama Trade Concern
2. Purchased furniture for Rs. 1,300

3. Purchased goods from Renu for Rs. 5,000
4. Purchased goods for Rs. 7,000
5. Sold goods for Rs. 4,000
6. Sold goods to Khanal Trade House for Rs. 6,500
7. Paid rent Rs. 2,000
Required : i. Capital Account
ii. Rent Account
iii. Furniture Account

iv. Khanal Trading House Account

146 Office Practice and Accounting 9