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

2020 
March 1 Mohan Lal & Sons started business with cash60,000
2 Purchased Furniture for cash10,000
4 Purchased goods for cash25,000
5 Bought goods from Subash15,000
10 Paid cash to Subhash15,000
16 Purchased goods from Sohan lal
6,000
18 Purchased goods from Sohan lal for cash8,000
20 Paid rent for the office1,000

ANSWER:

Journal
In the Books of Mohan Lal
DateParticularsL.F.Debit Amount (₹)Credit Amount (₹)
2020     
Mar. 01Cash A/cDr. 60,000 
 
To  Capital A/c
   60,000
 ( Started business with cash)    
      
Mar. 02Furniture A/cDr. 10,000 
 
To Cash A/c
   10,000
 (Furniture purchased for cash)    
      
Mar. 04Purchases A/cDr. 25,000 
 
To Cash A/c
   25,000
 ( Goods purchased for cash)    
      
Mar. 05Purchases A/cDr. 15,000 
 
To Subash A/c
   15,000
 (Goods purchased from Subash)    
      
Mar. 10Subash A/cDr. 15,000 
 
To Cash A/c
   15,000
 (Cash  paid to Subash)    
      
Mar. 16Purchases A/cDr. 6,000 
 
To Sohan’s lal A/c
   6,000
 (Goods purchased from Sohan lal)    
      
Mar. 18Purchases A/cDr. 8,000 
 
To Cash A/c
   8,000
 (Goods purchased from Sohan lal for cash)    
      
Mar. 20Rent A/cDr. 1,000 
 
To Cash A/c
   1,000
 (Paid office rent)    
TOTAL 1,40,0001,40,000
    

 

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