Page 155 - Office Practice and Accounting -9

Jan. 25 Rent paid Rs. 12000 through cheque
Jan. 27 Interest received Rs. 800
Jan. 28 Salary paid for the month Rs. 15000
Jan. 30 Received a cheque of Rs. 1850 from Dilip for full settlement
15. Following are the transactions of Barbote Furniture Factory.

a. Started business with Rs. 40,000
b. Sold goods of Rs. 2000
c. Purchased goods of Rs. 3000

d. Insurance premium of proprietor Rs. 800
e. Paid to ABC Rs. 2000 on behalf of Sanju
f. Goods of Rs. 5000 sold at 10% trade discount
9. Interest on capital Rs. 1000 provided

Required: i. Cash account ii. Drawing account iii. Capital account
16. You are given the following transactions:

072 Ashoj 1 Started business with Rs. 75000
072 Ashoj 2 Opened a bank account with Rs. 40,000
072 Ashoj 4 Stationery bought Rs. 2000
072 Ashoj 5 Machinery purchased for Rs. 7000

072 Ashoj 6 Goods of Rs. 8000 purchased from ABC Company
072 Ashoj 8 Cash purchased for Rs. 4000
072 Ashoj 9 Sold goods for 5000 and allowed discount 10%

072 Ashoj 15 Paid salary Rs. 12000
072 Ashoj 17 Fire insurance paid Rs. 3000
072 Ashoj 19 Personal expenses of proprietor paid Rs. 1500
072 Ashoj 25 Paid to ABC Company Rs. 8200 in full settlement

072 Ashoj 28 Rent Rs. 4000 paid
072 Ashoj 30 Cash sales Rs. 2500
Required: Journal entries with ledgers of each transaction

Office Practice and Accounting 9 151