Question No 33 Chapter No 5 - USHA Publication 11 Class

Question No 33 Chapter No 5

Table of Contents

Compound Entries

33. Journalise the following transactions in the book of Sania :

2017
Apr. 1	Sania started business with cash Rs 50,000; furniture Rs 40,000 and machinery Rs 1,10,000
Apr. 2	Purchased goods for cash Rs 9,000 and on credit from Bhupathi Rs 6,000
Apr. 3	Received commission Rs 12,000 ,interest Rs 7,000 and bad debts recovered Rs 6,000
Apr. 4	Paid Rs 9,700 Ashok in full settlement of his account of Rs 10,000
Apr. 5	Received Rs 3,800 from Bobby Jindal and allowed him to discount Rs 200
Apr. 6	Rent paid Rs 4,000; Salary paid Rs 7,000; and travelling expenses paid Rs 2,000

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In the Books of Sania
Date	Particulars		L.F.	Debit	Credit
2018
Apr.1	Cash A/c	Dr.		50,000
	Furniture A/c	Dr.		40,000
	Machinery A/c	Dr.		1,10,000
	To Capital A/c				2,00,000
	(Being business started with cash; furniture and machinery)

Apr.2	Purchases A/c	Dr.		15,000
	To Cash A/c				9,000
	To Bhupathi A/c				6,000
	(Being goods purchased on cash and credit from Bhupathi.)

Apr.3	Cash A/c	Dr.		25,000
	To Commission received A/c				12,000
	To Interest A/c				7,000
	To Bad debts recovered A/c				6,000
	(Being received cash from the commission; interest and bad debts recovered .)

Apr.4	Ashok A/c	Dr.		10,000
	To Cash A/c				9,700
	To Discount received A/c				300
	(Being cash paid to Ashok )

Apr.5	Cash A/c	Dr.		3,800
	Discount allowed A/c	Dr.		200
	To Bobby Jindal A/c				4,000
	(Being cash received from Bobby Jindal )

Apr.6	Rent A/c	Dr.		4,000
	Salary A/c	Dr.		7,000
	Travelling expenses A/c	Dr.		2,000
	To Cash A/c				13,000
	(Being cash paid for rent; salary and travelling expenses)