Page 48 - DEBK-XI(2020)

Journal 8.17

Solution: JOURNAL
Date Particulars L.F. Dr. (`) Cr. (`)
2020
April 1 Cash A/c ...Dr. 18,000
Bank A/c ...Dr. 25,600
Stock A/c ...Dr. 50,000
Furniture A/c ...Dr. 10,000
Building A/c ...Dr. 4,51,400
Vijay ...Dr. 2,700
Anil ...Dr. 1,500
Ashwani ...Dr. 2,000
Anupam ...Dr. 1,800
Madhu ...Dr. 5,000
To Anand 5,400
To Arya & Co. 77,000
To Balwant Rai 52,000
To Mrs. Anita’s Loan A/c 1,00,000
To Capital A/c (Balancing Figure) 3,33,600
(Being the balances brought in from previous year)
April 1 Purchases A/c ...Dr. 40,000
To Bank A/c 38,000
To Discount Received A/c 2,000
(Being the goods of ` 50,000 bought for cash less 20% trade
discount and 5% cash discount)
April 3 Cash A/c ...Dr. 2,646
Discount Allowed A/c ...Dr. 54
To Vijay 2,700
(Being the cash received from Vijay and allowed him discount)
April 8 Claim for Damages A/c ...Dr. 5,000
To Purchases A/c 5,000
(Being the claim sent to transporter for goods damaged in transit)

April 10 Anand ...Dr. 5,400
To Cash A/c 5,292
To Discount Received A/c 108
(Being the cash paid to Anand and discount allowed by him)
April 13 Bank A/c ...Dr. 5,000
To Claim for Damages A/c 5,000
(Being the cheque received of claim for damages)
April 15 Cash A/c ...Dr. 900
Bad Debts A/c ...Dr. 900
To Anupam 1,800
(Being the half of the amount due received from Anupam and balance
written off as bad debts)
April 22 Donation A/c ...Dr. 501
Postage A/c ...Dr. 200
To Cash A/c 701
(Being the cash paid for charity, postage and stationery)