
Question No 36 Chapter No 5
36. Journalise the following transactions in the book of Raj Kumar:
2019 | |
Apr.1 | The following balance appeared: |
Cash Rs 50,000; Building Rs 1,50,000; Creditor Rs 45,000; Stock Rs 55,000, bank loan Rs 38,000 | |
Apr. 16 | Purchased the running business of Mukesh for Rs 5,00,000 paid by proprietor with the following assets and liabilities: |
Machinery Rs 2,80,000; Furniture Rs 2,10,000 ; Creditor Rs 30,000 | |
Apr. 30 | Purchased the running business of Anil for Rs 3,00,000 paid by proprietor assets and liabilities: |
Stock Rs 2,00,000; Debtors Rs 1,10,000; Machinery Rs 40,000; Creditor Rs 30,000 |
The solution of Question No 36 Chapter No 5: –
In the Books of Raj Kumar | |||||
Date | Particulars |
L.F. | Debit | Credit | |
2018 | |||||
Apr. 1 | Cash A/c | Dr. | 50,000 | ||
Building A/c | Dr. | 1,50,000 | |||
Stock A/c | Dr. | 55,000 | |||
To Capital A/c | 1,74,000 | ||||
To Creditor A/c | 45,000 | ||||
To Bank Loan A/c | 36,000 | ||||
(Being opening entry ) | |||||
Apr. 16 | Machinery A/c | Dr. | 2,80,000 | ||
Furniture A/c | Dr. | 2,10,000 | |||
To Capital A/c | 4,00,000 | ||||
To Creditor A/c | 90,000 | ||||
(Being purchases a running business) | |||||
Apr. 30 | Stock A/c | Dr. | 2,00,000 | ||
Debtors A/c | Dr. | 1,10,000 | |||
Machinery A/c | Dr. | 40,000 | |||
To Capital A/c | 3,20,000 | ||||
To Creditor A/c | 30,000 | ||||
(Being purchases a running business) | |||||
How to make Journal Entries in Accounting – Explanation
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)