Accounting Entry Journal

 

Enter the following Transactions in the Journal of MohanLal & Sons -

2020		₹
March 1	Mohan Lal & Sons started business with cash	60,000
2	Purchased Furniture for cash	10,000
4	Purchased goods for cash	25,000
5	Bought goods from Subash	15,000
10	Paid cash to Subhash	15,000
16	Purchased goods from Sohan lal	6,000
18	Purchased goods from Sohan lal for cash	8,000
20	Paid rent for the office	1,000

ANSWER:

Journal In the Books of Mohan Lal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2020
Mar. 01	Cash A/c	Dr.		60,000
	To  Capital A/c				60,000
	( Started business with cash)
Mar. 02	Furniture A/c	Dr.		10,000
	To Cash A/c				10,000
	(Furniture purchased for cash)
Mar. 04	Purchases A/c	Dr.		25,000
	To Cash A/c				25,000
	( Goods purchased for cash)
Mar. 05	Purchases A/c	Dr.		15,000
	To Subash A/c				15,000
	(Goods purchased from Subash)
Mar. 10	Subash A/c	Dr.		15,000
	To Cash A/c				15,000
	(Cash  paid to Subash)
Mar. 16	Purchases A/c	Dr.		6,000
	To Sohan’s lal A/c				6,000
	(Goods purchased from Sohan lal)
Mar. 18	Purchases A/c	Dr.		8,000
	To Cash A/c				8,000
	(Goods purchased from Sohan lal for cash)
Mar. 20	Rent A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid office rent)
	TOTAL			1,40,000	1,40,000