Journalise the following transactions :

2016

 

Rs.

April 04

Stock at the end of the year

80,000

April 08

Paid for Stationery

100

April 10

Received cash from the railway in full settlement of claim for damaged in transit.

800

April 12

Rs.8,646 received from Divya and allowed him discount Rs.54

 

April 14

Sold 60 shares in Rs.17 per share, brokerage paid Rs.50

 

April 20

Paid for Rent

2,000

April 22

The auto rickshaw bought to deliver goods to customers

10,000

 

Asked by Topperlearning User | 28th Jul, 2016, 05:36: PM

Expert Answer:

Journal Entry

 

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

 Rs. 

2016

April 04

 

Closing stock A/c                              Dr.

 

 

 

 

80,000

 

 

To Trading A/c

 

 

 

80,000

 

(Being the closing stock brought into account)

 

 

 

 

April 08

Stationery A/c                                     Dr.

 

 

100

 

 

To Cash A/c

 

 

 

100

 

(Being cash paid for stationery)

 

 

 

 

 

 

 

 

 

 

April 10

Cash  A/c                                            Dr.

 

 

800

 

 

To Railway Claim A/c

 

 

 

800

 

(Being the cash received in full settlement of claim for damages from railway)

 

 

 

 

 

 

 

 

 

 

April 12

Cash A/c                                             Dr.

 

 

8,646

 

 

Discount Allowed A/c                        Dr.

 

 

54

 

 

To Divya A/c

 

 

 

8,700

 

(Being the cash received from Divya and allowed him discount)

 

 

 

 

April 14

Cash  A/c                                            Dr.

 

 

970

 

 

To Investment A/c

 

 

 

970

 

(Being 60 shares in Rupal Ltd. sold @ Rs.17,  brokerage Rs.50)

 

 

 

 

April 20

Cash A/c                                             Dr.

 

 

2,000

 

 

To Rent  A/c

 

 

 

2,000

 

(Being the rent paid)

 

 

 

 

April 22

Auto Rickshaw A/c                            Dr.

 

 

10,000

 

 

To Cash A/c

(Being the auto rickshaw bought for delivering goods to customers)

 

 

 

10,000

 

Answered by  | 28th Jul, 2016, 07:36: PM