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Pass Journal entries for the following transactions:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| (a) | Cash A/c Dr. Bank A/c Dr. Furniture A/c Dr. To Capital A/c (Being Vijay started business with cash, bank and furniture) | 3,00,000 40,00,000 4,00,000 | 47,00,000 | |
| (b) | Purchases A/c Dr. To Bank A/c To Bhushan Traders' A/c (Being goods purchased; ₹15,00,000 by cheque; balance on credit) | 30,00,000 | 15,00,000 15,00,000 | |
| (c) | Bhushan Traders' A/c Dr. To Purchases Return A/c (Being goods returned to Bhushan Traders) | 1,20,000 | 1,20,000 | |
| (d) | Pawan's A/c Dr. To Sales A/c (Being goods sold to Pawan on credit) | 4,00,000 | 4,00,000 | |
| (e) | Bhushan Traders' A/c Dr. To Cash A/c To Discount Received A/c (Being paid to Bhushan Traders ₹1,50,000; 2% cash discount received) | 1,50,000 | 1,47,000 3,000 | |
| (f) | Sales Return A/c Dr. To Pawan's A/c (Being goods returned by Pawan) | 80,000 | 80,000 | |
| (g) | Cash A/c Dr. To Sales A/c (Being goods sold for cash) | 1,20,000 | 1,20,000 | |
| (h) | Advertisement (Samples) A/c Dr. To Purchases A/c (Being goods given as samples) | 20,000 | 20,000 | |
| (i) | Drawings A/c Dr. To Cash A/c (Being income tax paid (treated as drawings)) | 37,500 | 37,500 | |
| (j) | Drawings A/c Dr. To Purchases A/c (Being goods taken by Vijay for household use) | 10,000 | 10,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Q.No.14 | Chapter 8 – Journal | T.S. Grewal Solution 2025-26", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Textbook Solution.
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