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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Journalise the following transactions of Gurman:
| 2025 | Transaction | Rs. |
|---|---|---|
| Jan. 01 | Gurman started business with cash | 2,00,000 |
| Jan. 02 | Paid into bank | 60,000 |
| Jan. 03 | Bought goods from Singh & Co. on credit | 20,000 |
| Jan. 03 | Paid cartage on goods purchased | 300 |
| Jan. 04 | Purchased furniture | 2,000 |
| Jan. 04 | Paid advance for purchase of HP Printers | 5,000 |
| Jan. 04 | Purchased calculator (office equipment) | 1,000 |
| Jan. 04 | Purchased computer and paid by cheque | 13,000 |
| Jan. 06 | Paid for Mobile bill and Internet (office) | 5,700 |
| Jan. 08 | Sold goods for cash | 4,000 |
| Jan. 09 | Sold goods to Sharda & Co. on credit | 10,000 |
| Jan. 09 | Paid cartage on goods sold to Sharda & Co. | 200 |
| Jan. 15 | Paid to Singh & Co. on account | 17,500 |
| Jan. 25 | Sold goods to Ray & Co. on credit | 5,600 |
| Jan. 27 | Received cheque from Sharda & Co. in settlement (discount allowed ₹250) | 9,750 |
| Jan. 31 | Paid for electricity charges | 7,000 |
| Jan. 31 | Paid salary to office staff | 1,500 |
| Jan. 31 | Cash withdrawn for hospital expenses of owner | 7,500 |
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| Jan 01 | Cash A/c Dr. To Capital A/c (Being Gurman started business with cash) | 2,00,000 | 2,00,000 | |
| Jan 02 | Bank A/c Dr. To Cash A/c (Being cash deposited into bank) | 60,000 | 60,000 | |
| Jan 03 | Purchases A/c Dr. To Singh & Co.'s A/c (Being goods purchased from Singh & Co. on credit) | 20,000 | 20,000 | |
| Jan 03 | Cartage A/c Dr. To Cash A/c (Being cartage paid on goods purchased) | 300 | 300 | |
| Jan 04 | Furniture A/c Dr. To Cash A/c (Being furniture purchased) | 2,000 | 2,000 | |
| Jan 04 | HP Printer A/c (Advance) Dr. To Cash A/c (Being advance paid for purchase of HP Printers) | 5,000 | 5,000 | |
| Jan 04 | Office Equipment A/c Dr. To Cash A/c (Being calculator purchased) | 1,000 | 1,000 | |
| Jan 04 | Computer A/c Dr. To Bank A/c (Being computer purchased and paid by cheque) | 13,000 | 13,000 | |
| Jan 06 | Mobile & Internet Expenses A/c Dr. To Cash A/c (Being mobile bill and internet charges paid (office)) | 5,700 | 5,700 | |
| Jan 08 | Cash A/c Dr. To Sales A/c (Being goods sold for cash) | 4,000 | 4,000 | |
| Jan 09 | Sharda & Co.'s A/c Dr. To Sales A/c (Being goods sold to Sharda & Co. on credit) | 10,000 | 10,000 | |
| Jan 09 | Carriage Outward A/c Dr. To Cash A/c (Being cartage paid on goods sold to Sharda & Co.) | 200 | 200 | |
| Jan 15 | Singh & Co.'s A/c Dr. To Cash A/c (Being paid to Singh & Co. on account) | 17,500 | 17,500 | |
| Jan 25 | Ray & Co.'s A/c Dr. To Sales A/c (Being goods sold to Ray & Co. on credit) | 5,600 | 5,600 | |
| Jan 27 | Cheque in Hand A/c Dr. Discount Allowed A/c Dr. To Sharda & Co.'s A/c (Being cheque received from Sharda & Co. in settlement; discount allowed ₹250) | 9,750 250 | 10,000 | |
| Jan 31 | Electricity Charges A/c Dr. To Cash A/c (Being electricity charges paid) | 7,000 | 7,000 | |
| Jan 31 | Salary A/c Dr. To Cash A/c (Being salary paid to office staff) | 1,500 | 1,500 | |
| Jan 31 | Drawings A/c Dr. To Cash A/c (Being cash withdrawn for hospital expenses of owner (drawings)) | 7,500 | 7,500 |
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.19 | 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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