Page 47 - DEBK-XI(2020)

8.16 Double Entry Book Keeping — CBSE XI

March 11 Mohan Bros. ...Dr. 7,000
To Bank A/c 6,700
To Discount Received A/c 300
(Being the payment made by cheque and discount received)
March 13 Cash A/c ...Dr. 1,000
To Advance from Mahesh A/c 1,000
(Being the cash received from Mahesh as advance)
March 15 Bank A/c ...Dr. 400
To Interest A/c 400
(Being the interest received from bank)
March 20 Goyal Bros. ...Dr. 6,000
To Bank A/c 6,000
(Being the cheque received from Goyal Bros. dishonoured)
March 22 Rent A/c ...Dr. 6,000
To Bank A/c 6,000
(Being the rent paid by cheque)

March 23 Salaries A/c ...Dr. 30,000
To Outstanding Salaries A/c 30,000
(Being the salaries for the month of February unpaid)
Note: No entry will be passed for receipt of an order of goods from Mahesh on 13th March, 2020, because
it is not a transaction. Only advance received will be recorded.
7. Journalise the following transactions in the books of Gaurav, Delhi:

Balances as on 1st April, 2020
Debit Balances: Cash in Hand—` 18,000; Cash at Bank—` 25,600; Stock of Goods—
` 50,000; Furniture—` 10,000; Building—` 4,51,400.
Debtors: Vijay—` 2,700; Anil—` 1,500; Ashwani—` 2,000; Anupam—` 1,800; and
Madhu—` 5,000.
Credit Balances: Creditors: Anand—` 5,400; Arya & Co.—` 77,000; Balwant—
` 52,000; and Anita’s Loan—` 1,00,000.
2020
April 1 Purchased from Rahul Traders, Faridabad goods of ` 50,000 less 20% trade discount and 5% cash discount.
April 3 ` 2,646 received from Vijay and allowed him discount ` 54.
April 8 Goods costing ` 5,000 purchased from Kolkata were damaged in transit; a claim was made on the transporter.
April 10 Cash ` 5,292 paid to Anand and discount allowed by him ` 108.
April 13 Received by cheque in full settlement of claim for damages in transit.
April 15 Anupam is declared insolvent and a dividend of 50 paise in the rupee is received from him in full settlement.
April 22 Paid for: Donation ` 501
Postage ` 200
April 30 One month’s interest on Anita’s Loan @ 12% p.a. became due but was not paid.
April 30 Received amount from salesman for goods sold by him for ` 5,000 after deducting his travelling expenses ` 150.
April 30 Sold goods for ` 12,000 less 10% trade discount.
April 30 New furniture was purchased for ` 50,000 from M/s. Rohan Furnitures. The existing furniture was given in exchange
valued at ` 5,000 (Book Value Nil).