(a) Give Journal entries for the following transactions and post them to Cash A/c and Sales A/c.

2017

Aug 10 Sold goods and cheque received but not deposited ₹ 30,000.

14 Sold goods on credit to Gopi ₹ 12,000.

20 Received cash from Gopi ₹ 12,000.

OR

(b) Differentiate bet

Question

(a) Give Journal entries for the following transactions and post them to Cash A/c and Sales A/c.

2017

Aug 10  Sold goods and cheque received but not deposited ₹ 30,000.

14  Sold goods on credit to Gopi ₹ 12,000.

20  Received cash from Gopi ₹ 12,000.

OR

(b) Differentiate between Capital expenditure and Revenue expenditure.

Accepted Answer

> > [!TLDR] > (a) Journalise the three transactions and post to Cash A/c and Sales A/c (both total ₹42,000); (b) distinguish capital and revenue expenditure. > > ### (a) Journal (2017) and posting > > | Date | Particulars | L.F. | Dr (₹) | Cr (₹) | > | --- | --- | --- | --- | --- | > | Aug 10 | Cash A/c Dr
To Sales A/c
*(Goods sold, cheque received but not deposited — treated as cash)* | | 30,000 | 30,000 | > | Aug 14 | Gopi A/c Dr
To Sales A/c
*(Goods sold on credit to Gopi)* | | 12,000 | 12,000 | > | Aug 20 | Cash A/c Dr
To Gopi A/c
*(Cash received from Gopi)* | | 12,000 | 12,000 | > > **Cash Account** > > | Dr — Particulars | ₹ | Cr — Particulars | ₹ | > | --- | --- | --- | --- | > | To Sales A/c | 30,000 | By Balance c/d | 42,000 | > | To Gopi A/c | 12,000 | | | > | **Total** | **42,000** | **Total** | **42,000** | > > **Sales Account** > > | Dr — Particulars | ₹ | Cr — Particulars | ₹ | > | --- | --- | --- | --- | > | To Balance c/d | 42,000 | By Cash A/c | 30,000 | > | | | By Gopi A/c | 12,000 | > | **Total** | **42,000** | **Total** | **42,000** | > > *Note:* a cheque received and not yet deposited into the bank is held in hand and is treated as cash, so it is debited to the Cash Account (not the Bank Account). > > ### (b) Capital expenditure vs Revenue expenditure > > | Basis | Capital Expenditure | Revenue Expenditure | > | --- | --- | --- | > | Meaning | Spent to acquire/improve a fixed asset or earning capacity | Spent to run the business day-to-day | …

Q.(a) Give Journal entries for the following transactions and post them to Cash A/c and Sales A/c. 2017 Aug 10 Sold goods and cheque received but not deposited ₹ 30,000. 14 Sold goods on credit to Gopi ₹ 12,000. 20 Received cash from Gopi ₹ 12,000.

Concept understanding — Posting from Journal to Ledger

(a) Journal (2017) and posting

(b) Capital expenditure vs Revenue expenditure

Date	Particulars	Dr (₹)	Cr (₹)
Aug 10	Cash A/c Dr To Sales A/c (Goods sold, cheque received but not deposited — treated as cash)	30,000	30,000
Aug 14	Gopi A/c Dr To Sales A/c (Goods sold on credit to Gopi)	12,000	12,000
Aug 20	Cash A/c Dr To Gopi A/c (Cash received from Gopi)	12,000	12,000

Dr — Particulars	₹	Cr — Particulars	₹
To Sales A/c	30,000	By Balance c/d	42,000
To Gopi A/c	12,000
Total	42,000	Total	42,000

Dr — Particulars	₹	Cr — Particulars	₹
To Balance c/d	42,000	By Cash A/c	30,000
		By Gopi A/c	12,000
Total	42,000	Total	42,000

Q.(a) Give Journal entries for the following transactions and post them to Cash A/c and Sales A/c. 2017 Aug 10 Sold goods and cheque received but not deposited ₹ 30,000. 14 Sold goods on credit to Gopi ₹ 12,000. 20 Received cash from Gopi ₹ 12,000.

(a) Journal (2017) and posting

(b) Capital expenditure vs Revenue expenditure

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