Illustrations · Illustration 2
Q.
Soraj Mart furnishes the following information. Transactions during the month of April, 2017 are as under:
| Date | Details |
|---|---|
| 01.4.2017 | Business started with cash ₹1,50,000. |
| 01.4.2017 | Goods purchased from Manisha ₹36,000. |
| 01.4.2017 | Stationery purchased for cash ₹2,200. |
| 02.4.2017 | Open a bank account with SBI for ₹35,000. |
| 02.4.2017 | Goods sold to Priya for ₹16,000. |
| 03.4.2017 | Received a cheque of ₹16,000 from Priya. |
| 05.4.2017 | Sold goods to Nidhi ₹14,000. |
| 08.4.2017 | Nidhi pays ₹14,000 cash. |
| 10.4.2017 | Purchased goods for ₹20,000 on credit from Ritu. |
| 14.4.2017 | Insurance paid by cheque ₹6,000. |
| 18.4.2017 | Paid rent ₹2,000. |
| 20.4.2017 | Goods costing ₹1,500 given as charity. |
| 24.4.2017 | Purchased office furniture for ₹11,200. |
| 29.4.2017 | Cash withdrawn for household purposes ₹5,000. |
| 30.4.2017 | Interest received cash ₹1,200. |
| 30.4.2017 | Cash sales ₹2,300. |
| 30.4.2017 | Commission paid ₹3,000 by cheque. |
| 30.4.2017 | Telephone bill paid by cheque ₹2,000. |
| 30.4.2017 | Payment of salaries in cash ₹12,000. |
Journalise the transactions.
Rajasthan RbseTextbookSubjectiveImportance★★★★★est
6% · 3/50 Questions
✓ Free question
Journalise all 19 transactions. Watch three specifics: goods given as charity (Charity A/c Dr., Purchases A/c Cr.), household withdrawal (Drawings A/c Dr.), and cheque receipts/payments routed through Bank. The journal totals ₹3,49,400.
Solution — Books of Saroj Mart, Journal
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
|---|---|---|---|---|
| 2017 Apr.01 | Cash A/c Dr. | 1,50,000 | ||
| To Capital A/c | 1,50,000 | |||
| (Business started with cash) | ||||
| Apr.01 | Purchases A/c Dr. | 36,000 | ||
| To Manisha A/c | 36,000 | |||
| (Goods purchased on credit) | ||||
| Apr.01 | Stationery A/c Dr. | 2,200 | ||
| To Cash A/c | 2,200 | |||
| (Purchase of stationery for cash) | ||||
| Apr.02 | Bank A/c Dr. | 35,000 | ||
| To Cash A/c | 35,000 | |||
| (Opened a bank account with SBI) | ||||
| Apr.02 | Priya A/c Dr. | 16,000 | ||
| To Sales A/c | 16,000 | |||
| (Goods sold to Priya on credit) | ||||
| Apr.03 | Bank A/c Dr. | 16,000 | ||
| To Priya A/c | 16,000 | |||
| (Cheque received from Priya) | ||||
| Apr.05 | Nidhi A/c Dr. | 14,000 | ||
| To Sales A/c | 14,000 | |||
| (Sale of goods to Nidhi on credit) | ||||
| Apr.08 | Cash A/c Dr. | 14,000 | ||
| To Nidhi A/c | 14,000 | |||
| (Cash received from Nidhi) | ||||
| Apr.10 | Purchases A/c Dr. | 20,000 | ||
| To Ritu A/c | 20,000 | |||
| (Purchase of goods on credit) | ||||
| Apr.14 | Insurance Premium A/c Dr. | 6,000 | ||
| To Bank A/c | 6,000 | |||
| (Payment of insurance premium by cheque) | ||||
| Apr.18 | Rent A/c Dr. | 2,000 | ||
| To Cash A/c | 2,000 | |||
| (Rent paid) | ||||
| Apr.20 | Charity A/c Dr. | 1,500 | ||
| To Purchases A/c | 1,500 | |||
| (Goods given as charity) | ||||
| Apr.24 | Furniture A/c Dr. | 11,200 | ||
| To Cash A/c | 11,200 | |||
| (Purchase of office furniture) | ||||
| Apr.29 | Drawings A/c Dr. | 5,000 | ||
| To Cash A/c | 5,000 | |||
| (Withdrawal of cash for personal use of the proprietor) | ||||
| Apr.30 | Cash A/c Dr. | 1,200 | ||
| To Interest received A/c | 1,200 | |||
| (Interest received) | ||||
| Apr.30 | Cash A/c Dr. | 2,300 | ||
| To Sales A/c | 2,300 | |||
| (Sale of goods for cash) | ||||
| Apr.30 | Commission A/c Dr. | 3,000 | ||
| To Bank A/c | 3,000 | |||
| (Commission paid by cheque) | ||||
| Apr.30 | Telephone expenses A/c Dr. | 2,000 | ||
| To Cash A/c | 2,000 | |||
| (Payment of telephone bill) | ||||
| Apr.30 | Salaries A/c Dr. | 12,000 | ||
| To Cash A/c | 12,000 | |||
| (Payment of salary to the office persons) | ||||
| Total | 3,49,400 | 3,49,400 |
✓Final answer
The journal is balanced with total debits = total credits = ₹3,49,400.
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.