07/09/2015

Journal::Problems&Solutions

Journal::Problems&Solutions
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JournalEntries

JournalEntry

BasicAccounting

TallyAccounting

No. Problems & Solutions

01.

Mr.NirmalhasthefollowingtransactionsinthemonthofApril.
WriteJournalEntriesforthetransactions.

BasicAccountingProcess
ConsignmentAccounting

10thApril: CommencedbusinesswithacapitalofRs.1,00,000

BankReconciliationStatement

11thApril: PurchasedgoodsfromVeeruforRs.20,000

PartnershipAccounts

13thApril: PurchasedGoodsforCashRs.15,000

FinalAccounts

14thApril: PurchasedGoodsfromAbhiramforcashRs.9,000
16thApril: BoughtGoodsfromShyamoncreditRs.12,000
17thApril: SoldgoodsworthRs.15,000toTarun
19thApril: SoldgoodsforcashRs.20,000

20thApril: SoldgoodstoUtsavforcashRs.6,000

Search

21stApril: SoldgoodstoPranavoncreditRs.17,000
22ndApril:ReturnedgoodstoVeeruRs.3,000

23rdApril: GoodsreturnedfromTarunRs.1,000

25thApril: GoodstakenbytheproprietorforpersonaluseRs.1,000

Search

26thApril: BoughtLandforRs.50,000
27thApril: PurchasedmachineryforcashRs.45,000
28thApril: BoughtcomputerfromIntelComputersforRs.25,000
ProcessCosting

28thApril: CashsalesRs.15,000

StandardCosting

29thApril: CashpurchasesRs.22,000

(VarianceAnalysis)

30thApril: Boughtfurnitureforproprietor'sresidenceandpaidcashRs.10,000

Solution

FundsFlowCashFlow

PermutationsCombinations

Hide/Show

Probability
TheoryofExpectation

Journal in the books of M/s _____ for the period from ____ to _____
Date

V/R
No.

April10th

Particulars
Casha/c

L/F
Dr

ToCapitala/c

DebitAmount CreditAmount
(inRs)
(inRs)
1,00,000

1,00,000

[BeingtheamountreceivedfromMr.
contributionvidereceiptno:__dated:__]

Goods/Stocka/c

Dr

ToVeerua/c

20,000

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PettyCashJournal
TallyAccounting
SolveProblems

Nirmal,theproprietorashiscapital

11th

(RandomVariable)

20,000

[Beingthevalueofstockpurchasedfrom
Mr.Veeruvidebillno:___dated:__]
13th

Goods/Stocka/c

Dr

ToCasha/c

15,000

CACPT
15,000

[Beingthevalueofstockpurchasedfrom

CAPCC

M/s___videbillno:___dated:__]
14th

Goods/Stocka/c

Dr

ToCasha/c

CAFinal

9,000

9,000

CWAFoundation

[Beingthethevalueofstockpurchased

CWAInter

fromMr.Abhiramforcashvidebillno:___

CWAFinal

dated:__]
16th

CAPEII

Goods/Stocka/c

CSFoundation
Dr

12,000

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CSInter

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Journal::Problems&Solutions
ToShyama/c

12,000

CSFinal

[Beingthevalueofstockpurchasedfrom
Mr.Shyamvidebillno:___dated:__]
17th

Taruna/c

Dr

ToGoods/Stocka/c

15,000

15,000

[Beingthevalueofstocksoldoncreditto
Mr.Tarunvidebillno:___dated:__]
19th

Casha/c

Dr

ToGoods/Stocka/c

20,000

20,000

[BeingthevalueofstocksoldtoM/s
___videbillno:___dated:__]
20th

Casha/c

Dr

ToGoods/Stocka/c

6,000

6,000

[BeingthevalueofstocksoldtoMr.Utsav
forcashvidebillno:___dated:__]
21st

Pranava/c

Dr

ToGoods/Stocka/c

17,000

17,000

[BeingthevalueofstocksoldtoMr.Pranav
oncreditvidebillno:___dated:__]
22nd

Veerua/c

Dr

ToGoods/Stocka/c

3,000

3,000

[BeingthevalueofstockreturnedtoMr.
Veeruvidebillno:___dated:__]
23rd

Goods/Stocka/c

Dr

ToTaruna/c

1,000

1,000

[BeingthevalueofstockreturnedfromMr.
Tarunvidebillno:___dated:__]
25th

Drawingsa/c

Dr

ToGoods/Stocka/c

1,000

1,000

[Beingthevalueofstocktakenbythe
proprietorvidebillno:___dated:__]
26th

Landa/c

Dr

ToCasha/c

50,000

50,000

[Beingtheamountpaidforlandpurchsed
videbillno:___dated:__]
27th

Machinerya/c

Dr

ToCasha/c

45,000

45,000

[Beingtheamountpaidformachinery
purchsedvidebillno:___dated:__]
28th

Computersa/c

Dr

ToIntelComputersa/c

25,000

25,000

[Beingtheamountofcomputerpurchased
fromM/SIntelComputersoncreditvidebill
no:___dated:__]
29th

Casha/c

Dr

ToToGoods/Stocka/c

15,000

15,000

[Beingthevalueofstocksoldforcashvide
billno:___dated:__]
29th

Goods/Stocka/c

Dr

ToCasha/c

22,000

22,000

[Beingthevalueofstockpurchasedfor
cashvidebillno:___dated:__]
30th

Drawingsa/c
ToCasha/c

Dr

1,000

1,000

[Beingtheamountofcashpaidfor
furniturepurchasedforproprietor's
residencevidebillno:___dated:__]

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No. Problems & Solutions

02.

JournalisethefollowingtransactionsinthebooksofRama&Sons
3rdMay:CashdepositedintobankRs.60,000

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4thMay: LoangiventoBhuvanRs.20,000
4thMay: PaidcashtoVeeruRs.20,000
5thMay: PaidtoVeerubychequeRs.15,000
5thMay: CashreceivedfromTarunRs.12,000
5thMay: TookloanfromAnushRs.15,000
6thMay: ChequereceivedfromPranavRs.15,000
6thMay: PaidtoIntelComputersbychequeRs.17,000
6thMay: WithdrewfrombankRs.5,000
7thMay: WithdrewfrombankforofficeuseRs.8,000
7thMay: CashreceivedfromBhuvanonloanaccountRs.10,000
8thMay: WithdrewfrombankforpersonaluseRs.1,000
8thMay: CashtakenbyproprietorforpersonaluseRs.3,000
9thMay: BoughtfurnitureandpaidbychequeRs.15,000
9thMay: PaidtoAnushbychequeonloanaccountRs.5,000
9thMay: BroughtadditionalcapitalofRs.25,000

Solution

Hide/Show

COMPOSE

No. Problems & Solutions

03.

WritejournalentriesinthebooksofChikky&Bros.
10thJune: PaidwagesRs.12,000
11thJune: paidrentbychequeRs.10,000
13thJune: PaidsalarytoMr.CharanRs.12,000
14thJune: PurchasedstationeryfromKagaz&Co.andpaidbychequeRs.5,000
15thJune: ReceivedinterestRs.14,000
17thJune: ReceivedcommissionbychequeRs.6,000
18thJune: RentreceivedfromMr.ModyRs.8,000
19thJune: InterestreceivedfromMr.BijjubychequeRs.10,000
20thJune: CarriagepaidonpurchaseofgoodsRs.3,000
22ndJune: CarriagepaidonsaleofgoodsRs.2,000

Solution

Journal in the books of M/s Chikky & Bros. for the period from ____ to _____
Date

V/R
No.

June10th

Particulars
Wagesa/c

L/F
Dr

ToCasha/c

DebitAmount CreditAmount
(inRs)
(inRs)
12,000

12,000

[Beingtheamountofcashpaidtowards
wagesvidevocherno:___dated:__]
11th

Renta/c

Dr

ToBanka/c

10,000

10,000

[Beingtheamountpaidbychequeno.____
date____towardsrentvidevocherno:___
dated:__]
13th

Salarya/c
ToCasha/c

Dr

12,000

12,000

[Beingtheamountofcashpaidtowards
SalarytoMr.Charnvidevocherno:___
dated:__]

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Journal::Problems&Solutions
14th

Stationerya/c

Dr

ToBanka/c

5,000

14,000

5,000

[Beingtheamountpaidbychequeno.____
date____towardsstationerypurchased
fromKagaz&co.videvocherno:___
dated:__]
15th

Dr

Casha/c
ToInteresta/c

14,000

[Beingtheamountofcashreceivedtowards
interestvidereceiptno:___dated:__]
17th

Dr

Banka/c
ToCommissiona/c

6,000

6,000

[Beingtheamountrecievedbychequeno.
____date____towardscommissionvide
receiptno:___dated:__]
18th

Dr

Casha/c
ToRenta/c

8,000

8,000

[Beingtheamountofcashreceivedtowards
rentfromMr.Modyvidereceiptno:___
dated:__]
19th

Dr

Banka/c
ToInteresta/c

10,000

10,000

[Beingtheamountrecievedbychequeno.
____date____towardsinterestfromBijju
videreceiptno:___dated:__]
20th

Dr

CarriageonPurchasesa/c
ToCasha/c

3,000

3,000

[Beingtheamountofcashpaidtowards
carriageongoodspurchasedvidevocher
no:___dated:__]
22nd

Dr

CarriageonSalesa/c
ToCasha/c

2,000

2,000

[Beingtheamountofcashpaidtowards
carriageongoodssoldvidevocherno:___
dated:__]

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