Journalise the following transactions in the Journal Proper of a trader:
(i) Started business with cash ₹40,000, goods ₹8,000, furniture ₹4,000, and creditors taken over ₹6,000.
(ii) Purchased a laptop for office use on credit from Compu World for ₹35,000.
(iii) Goods costing ₹60

Question

Journalise the following transactions in the Journal Proper of a trader:
(i) Started business with cash ₹40,000, goods ₹8,000, furniture ₹4,000, and creditors taken over ₹6,000.
(ii) Purchased a laptop for office use on credit from Compu World for ₹35,000.
(iii) Goods costing ₹600 taken by the proprietor for personal use.
(iv) Goods worth ₹300 distributed as free samples for publicity.
(v) ₹700 due from Suhas, a debtor, is written off as a bad debt.

Accepted Answer

*Working for (i):* Capital = Total assets brought in − liabilities taken over = (₹40,000 + ₹8,000 + ₹4,000) − ₹6,000 = **₹46,000**.

**Journal Proper**

| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
|---|---|---|---|---|
| (i) | Cash A/c ... Dr | | 40,000 | |
| | Stock A/c ... Dr | | 8,000 | |
| | Furniture A/c ... Dr | | 4,000 | |
| | To Creditors A/c | | | 6,000 |
| | To Capital A/c | | | 46,000 |
| | *(Being balances brought forward on opening the books)* | | | |
| (ii) | Office Equipment (Laptop) A/c ... Dr | | 35,000 | |
| | To Compu World A/c | | | 35,000 |
| | *(Being a laptop purchased on credit for office use)* | | | |
| (iii) | Drawings A/c ... Dr | | 600 | |
| | To Purchases A/c | | | 600 |
| | *(Being goods taken by the proprietor for personal use, at cost)* | | | |
| (iv) | Free Samples (Advertisement) A/c ... Dr | | 300 | |
| | To Purchases A/c | | | 300 |
| | *(Being goods distributed as free samples for publicity, at cost)* | | | |
| (v) | Bad Debts A/c ... Dr | | 700 | |
| | To Suhas A/c | | | 700 |
| | *(Being the amount due from Suhas written off as irrecoverable)* | | | | …

Q.Journalise the following transactions in the Journal Proper of a trader:

Concept understanding — Journal Proper

Date	Particulars	Debit (₹)	Credit (₹)
(i)	Cash A/c ... Dr	40,000
	Stock A/c ... Dr	8,000
	Furniture A/c ... Dr	4,000
	To Creditors A/c		6,000
	To Capital A/c		46,000
	(Being balances brought forward on opening the books)
(ii)	Office Equipment (Laptop) A/c ... Dr	35,000
	To Compu World A/c		35,000
	(Being a laptop purchased on credit for office use)
(iii)	Drawings A/c ... Dr	600
	To Purchases A/c		600
	(Being goods taken by the proprietor for personal use, at cost)
(iv)	Free Samples (Advertisement) A/c ... Dr	300
	To Purchases A/c		300
	(Being goods distributed as free samples for publicity, at cost)
(v)	Bad Debts A/c ... Dr	700
	To Suhas A/c		700
	(Being the amount due from Suhas written off as irrecoverable)

Q.Journalise the following transactions in the Journal Proper of a trader:

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