Pass necessary Journal entries for the following transactions:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
|---|---|---|---|---|
| Apr 01 | Bank A/c Dr. To Cash A/c (Being cash deposited in bank) | 30,000 | 30,000 | |
| Apr 03 | Cash A/c Dr. To Bank A/c (Being cash withdrawn from bank) | 10,000 | 10,000 | |
| Apr 07 | Wages A/c Dr. To Bank A/c (Being wages paid by cheque) | 7,000 | 7,000 | |
| Apr 10 | Bank A/c Dr. Discount Allowed A/c Dr. To Deewan's A/c (Being cheque received from Deewan ₹8,500 and discount allowed ₹500; deposited in bank) | 8,500 500 | 9,000 | |
| Apr 12 | Telephone Expenses A/c Dr. To Bank A/c (Being telephone bill paid by bank as per standing instructions) | 1,000 | 1,000 | |
| Apr 14 | Deewan's A/c Dr. To Bank A/c (Being Deewan's cheque dishonoured by bank) | 8,500 | 8,500 | |
| Apr 16 | Bank Charges A/c Dr. To Bank A/c (Being bank charges debited by bank) | 400 | 400 | |
| Apr 17 | Bank A/c Dr. To Sales A/c (Being goods sold and proceeds deposited in bank) | 8,000 | 8,000 | |
| Apr 19 | Insurance Premium A/c Dr. To Bank A/c (Being insurance premium paid by bank as per standing instructions) | 1,800 | 1,800 | |
| Apr 25 | Bank A/c Dr. To Dividends Received A/c (Being dividend collected by bank) | 2,500 | 2,500 |
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.
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