Journalise the following transactions in the books of Vajreshwari traders.

2017

| Date | Particulars | Amount (Rs.) |
|---|---|---|
| Jan. 01 | Business started with cash Rs. 2,00,000 and building Rs. 3,00,000 | |
| Jan. 04 | Bought goods | 60,000 |
| Jan. 05 | Purchase goods

Question

Journalise the following transactions in the books of Vajreshwari traders.

2017

| Date | Particulars | Amount (Rs.) |
|---|---|---|
| Jan. 01 | Business started with cash Rs. 2,00,000 and building Rs. 3,00,000 |  |
| Jan. 04 | Bought goods | 60,000 |
| Jan. 05 | Purchase goods from ramesh | 20,000 |
| Jan. 10 | Sold goods for cash | 20,000 |
| Jan. 12 | Bought stationary | 6000 |
| Jan. 20 | Sold goods to Radhika | 6000 |
| Jan. 24 | Paid salary to employees | 10,000 |
| Jan. 26 | Sold to chaitra | 6000 |
| Jan. 28 | Chaitra returned goods to us | 200 |
| Jan. 30 | Paid to ramesh Rs. 19000 in full settlement of his account of Rs. 20,000 |  |

Accepted Answer

>

> [!TLDR]
> Ten journal entries for Vajreshwari Traders; debit total = credit total = Rs 6,48,200 (includes Rs 1,000 discount received).
>
> **Journal of Vajreshwari Traders (Jan 2017)**
>
> | Date | Particulars | L.F. | Dr (Rs) | Cr (Rs) |
> |---|---|---|---|---|
> | Jan 1 | Cash A/c ... Dr | | 2,00,000 | |
> | | Building A/c ... Dr | | 3,00,000 | |
> | | To Capital A/c | | | 5,00,000 |
> | | *(Business started with cash and building)* | | | |
> | Jan 4 | Purchases A/c ... Dr | | 60,000 | |
> | | To Cash A/c | | | 60,000 |
> | | *(Goods bought for cash)* | | | |
> | Jan 5 | Purchases A/c ... Dr | | 20,000 | |
> | | To Ramesh A/c | | | 20,000 |
> | | *(Goods bought on credit from Ramesh)* | | | |
> | Jan 10 | Cash A/c ... Dr | | 20,000 | |
> | | To Sales A/c | | | 20,000 |
> | | *(Goods sold for cash)* | | | |
> | Jan 12 | Stationery A/c ... Dr | | 6,000 | |
> | | To Cash A/c | | | 6,000 |
> | | *(Stationery bought)* | | | |
> | Jan 20 | Radhika A/c ... Dr | | 6,000 | |
> | | To Sales A/c | | | 6,000 |
> | | *(Goods sold on credit to Radhika)* | | | |
> | Jan 24 | Salary A/c ... Dr | | 10,000 | |
> | | To Cash A/c | | | 10,000 |
> | | *(Salary paid)* | | | |
> | Jan 26 | Chaitra A/c ... Dr | | 6,000 | |
> | | To Sales A/c | | | 6,000 |
> | | *(Goods sold on credit to Chaitra)* | | | |
> | Jan 28 | Sales Return A/c ... Dr | | 200 | | …

Date	Particulars	L.F.	Debit (₹)	Credit (₹)
2024 Apr 01	Cash A/c Dr.	1	50,000
	To Capital A/c	2		50,000
	(Being business started with cash)

Date	Particulars	Debit (₹)	Credit (₹)
	Advertisement (Free Samples) A/c ..... Dr	XXX
	To Purchases A/c		XXX
	(Being goods distributed as free samples)
…

Type of supply	Tax levied
Intra-state (within a state)	CGST + SGST
Intra-Union Territory	CGST + UTGST
Inter-state (one state to another)	IGST
…

Concept understanding — Journal Entry Format

Journal Entry Format – A First Look

The Everyday Intuition

The Precise Meaning

Why It Matters

The Format (Proforma)

Accounting Treatment – Which Account is Debited and Credited

1. Personal Accounts (accounts of persons, firms, banks, etc.)

2. Real Accounts (assets, property, cash, goods)

3. Nominal Accounts (expenses, losses, incomes, gains)

Worked Example

Date	Particulars	Amount (Rs.)
Jan. 01	Business started with cash Rs. 2,00,000 and building Rs. 3,00,000
Jan. 04	Bought goods	60,000
Jan. 05	Purchase goods from ramesh	20,000
Jan. 10	Sold goods for cash	20,000
Jan. 12	Bought stationary	6000
Jan. 20	Sold goods to Radhika	6000
Jan. 24	Paid salary to employees	10,000
Jan. 26	Sold to chaitra	6000
Jan. 28	Chaitra returned goods to us	200
Jan. 30	Paid to ramesh Rs. 19000 in full settlement of his account of Rs. 20,000

Date	Particulars	Dr (Rs)	Cr (Rs)
Jan 1	Cash A/c ... Dr	2,00,000
	Building A/c ... Dr	3,00,000
	To Capital A/c		5,00,000
	(Business started with cash and building)
Jan 4	Purchases A/c ... Dr	60,000
	To Cash A/c		60,000
	(Goods bought for cash)
Jan 5	Purchases A/c ... Dr	20,000
	To Ramesh A/c		20,000
	(Goods bought on credit from Ramesh)
Jan 10	Cash A/c ... Dr	20,000
	To Sales A/c		20,000
	(Goods sold for cash)
Jan 12	Stationery A/c ... Dr	6,000
	To Cash A/c		6,000
	(Stationery bought)
Jan 20	Radhika A/c ... Dr	6,000
	To Sales A/c		6,000
	(Goods sold on credit to Radhika)
Jan 24	Salary A/c ... Dr	10,000
	To Cash A/c		10,000
	(Salary paid)
Jan 26	Chaitra A/c ... Dr	6,000
	To Sales A/c		6,000
	(Goods sold on credit to Chaitra)
Jan 28	Sales Return A/c ... Dr	200

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