PARAM Infotech

JOURNALISE THE TRANSACTION IN THE BOOKS OF MURTHY

1. Started Business with cash Rs. 15,000, Furniture Rs. 10,000

2. Purchased Machinery Rs. 2,000 giving Rs. 500 in cash & balance in loan.
3. Bought Furniture from Suresh for Cash Rs. 500
4. Sold Furniture for Rs. 100
5. Purchased goods from Srinivasa Rs. 4,000
6. Sold goods to Sridhar Rs. 2,000
7. Returned damaged goods to Srinivas Rs 100
8. Received cheque from Sridhar Rs 1,000
9. Ganesh sold us goods worth Rs 300
10. Sold goods to Arun Rs 1,000
11. Sridhar paid cheque Rs 1,000
12. Took cash from use at Home Rs 2,000
13. Received cash from Arun in full settlement of his account of Rs 980
14. Paid in as further Capital Rs 500
15. Sent money order to Mukesh Rs 2,000
16. M.O Commission paid Rs 100
17. Ravindra sold us goods Rs 1,000
18. Harish bought goods from us Rs 2,000

Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech

Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech

JOURNALISE THE FOLLOWING TRANSACTION IN THE BOOKS OF RAKESH

1. Started business with cash Rs 20,000 & with Bank Rs 20,000
2. Issued cheque for goods purchase Rs 1,000
3. Bought goods for cash Rs 8,000
4. Bought Furniture from Anil for cash Rs 400
5. Bought Goods from Harish Rs 1,500
6. Bought Goods from Chandan on credit Rs 5,800
7. Returned Damaged Goods to Chandan Rs 800
8. Bought Goods from Naveen & paid by cheque immediately Rs 4,000
9. Sold goods to Gupta Rs 1,000
10. Received a cheque from Gupta Rs 1,000 for goods sold
11. Paid Commission Rs 2,000
12. Paid wages by cheque Rs 4,000
13. Draw cheque for personal use Rs 4,000
14. Draw cash for personal use from Bank Rs 3,000
15. Received a cheque from Manju Rs 2,800
16. Borrow Loan from Anand Rs 1,000
17. Paid Anands Loan with interest Rs 1,000 (20%)

Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech
JOURNALISE THE FOLLOWING TRANSACTIONS IN THE BOOKS OF NAYAK
1. Nayak commenced his business with cash Rs 10,000
2. Paid into Bank Rs 5,000
3. Bought goods from Eswar Rs 2,000
4. Sold goods to Vijay Rs 700
5. Sold goods to Raghuvan for cash Rs 500
6. Received cash from Vijay 680 & allowed his discount Rs 20
7. Sold goods to Jaysingh Rs 600
8. Received cheque from Jaysingh on account Rs 500
9. Paid to Eswar on account Rs 1,000
10. Bought goods from Subramanya on Rs 900
11. Sold goods for cash to Patudi Rs 900
12. Sold goods to Chandrashekar on credit Rs 400
13. Jaysingh returned goods Rs 20
14. Returned goods to Eswar Rs 100
15. Cash sales Rs 375
16. Cash Purchase Rs 200
17. Draw from bank for office user 1,000
18. Give loan to Amarnath Rs 200
19. Bought goods from Desai Rs 300
20. Sold goods to Mankad for cash Rs 400
Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech
21. Paid for Rent Rs 150, General expenses Rs 250, salaries Rs 250
22. Draw from Bank for personal use Rs 500
23. Bought stationery for cash Rs 25.

JOURNALISE THE FOLLOWING TRANSACTION IN THE BOOKS OF SURESH

1. Suresh commenced business with cash Rs 10,000
2. Paid into Bank Rs 5,000
3. Purchased goods from Krishna Rs 4,000
4. Sold goods to Raman Rs 2,000
5. Returned goods to Krishna Rs 100
6. Raman returned goods Rs 50
7. Bought cards, covers & stamps Rs 20
8. Paid Krishna on Account Rs 3,000
9. Received from Raman on account Rs 1,500
10. Cash sales Rs 300
11. Cash Purchase Rs 700
12. Purchased Stationery Rs 30
13. Purchased Machine from Hindustan Tools ltd Rs 3,000
14. Advance Govinda Rs 1,000 as loan
15. Paid for repairing Machine Rs 100
16. Received cheque from Raman on account Rs 300
17. Drew for office use Rs 1,000
Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech
18. Bought office Furniture Rs 1,000
19. Received loan from Borde Rs 200
20. Paid Advertisement Rs 50
21. Paid cash to Krishna Rs 900
22. Paid Rent Rs 100
23. Paid Electricity charges Rs 20.

JOURNALISE THE FOLLOWING TRANSACTION IN THE BOOKS OF KRISHNA

1. He commenced business with cash 20000, building 5000, Machinery 5000
2. He purchased from Mr. John for cash Rs. 6000
3. He purchased from Mr. John for credit Rs. 5000
New ref: 122, Duration 10 days
4. He sold Mr. John credit Rs. 3000
Agst ref: 122, Due days 10 days
5. He sold goods to Mr. Harish on credit Rs. 3000
6. He sold goods to Mr. Harish on credit Rs. 4000
New ref: 145, Duration 15days
7. He purchased from Mr. Harish for credit Rs. 3000
Agst ref:145
8. He paid salry Rs. 3000 and wages Rs. 300

Output
Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech
Purchase
Sale
Net loss

:
:
:

Savalanga Road, Shimoga

14000
10000
7300

Direct Expense
:
Indirect Expense :

300
3000

Mob: 94488 11278

PARAM Infotech
JOURNALISE THE FOLLOWING TRANSACTION IN THE BOOKS OF ANURAG
1. He started business with cash Rs 10000, Bank Rs 8000, Furniture Rs 5000,
Buildings Rs 20,000 & Machinery Rs 10,000
2. Opening stock
100 school Bags at Rs 100 each
150 College Bags at Rs 150 each
3. He purchased from Dhanu for cash
50 School Bags at Rs 100 each
75 college Bags at Rs 150 each
4. He purchased from Raghav on credit
100 School Bags at Rs 110 each
100 college Bags at Rs 160 each
5. He sold to Hema for cash
100 school Bags at Rs 120 each
110 College Bags at Rs 175 each
6. He sold to Ganesh for cash
75 school Bags at Rs 125 each
100 college Bags at Rs 180 each
7. He paid carriage inward Rs 100, salary Rs 2000, and wages Rs 500

JOURNALISE THE FOLLOWING TRANSACTIONS IN THE BOOKS OF HARSHA

1. started Business with cash Rs 10000, Furniture Rs 4,000
and Machinery Rs 5,000
2. Bought goods from Anil on credit Rs 4,000 and for cash Rs 5,000
3. Sold goods to Rajesh on credit Rs 5,000 and for cash Rs 3,000
4. Bought goods from Arun subject to trade discount of 2% of Rs 2,000
5. Sold goods to Ramesh subject to trade discount of 5% of Rs 4,000
Savalanga Road, Shimoga

Mob: 94488 11278

PARAM Infotech
6. Paid Salary Rs 1000, printing Rs 150 and Wages Rs 100
7. Received Rent Rs 500, Commission Rs 400
8. Received a cheque from Ganesh Rs 1,000

Journalize following transaction and post to the voucher ledger account

1.

Raos commenced business with cash 50000

2.

Bought goods for cash Rs. 12000

3.

Bought office furniture for cash Rs. 3000

4.

Paid for postage Rs. 50

5.

Purchased goods from Rajkumar Rs. 10000

6.

Sold goods for cash Rs. 1000

7.

Sold goods to Suresh Rs. 2000

8.

Received cash from Suresh Rs. 1500

9.

Returned goods to Rajkumar Rs. 500

10. Paid Rajkumar cash Rs. 7000

11. Sold goods to Nayak Rs. 12000
12. Nayak returned goods Rs. 1000
13. Sold goods for cash Rs. 5000
14. Paid salaries Rs. 500
15. Raos withdraw for personal use Rs. 2000
16. Paid for stationery Rs. 100
17. Paid rent Rs. 100
18. Received commission 100

Savalanga Road, Shimoga

Mob: 94488 11278