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Learn Financial Freedom Step by Step

Journal Making Problem

1. Started business with cash 10000.

2. Purchased goods for cash500.

3.   Purchased goods from Ram on credit Rs.300.

4. Sold goods for cash Rs 100.

5. Sold goods to Rahim Rs 200 on cash.

6. Paid wedges Rs 150.

7. Received Rs 200 for interest.

8. Purchased furniture for cash Rs 600 .

9. Received cash from Rahim Rs 100.

10. Paid Ram in cash Rs 200.
Prepared the journal ,post the entries to Ledger accounts and varify the correctness of your entries by preparing a Trial Balance.

Neha from India

If you want to solve this problem, write in the comment box. 

COMMENTS

: 2
  1. 1. Started business with cash 10000.
    cash a/c Dr 10,000
    capital a/c

    ReplyDelete
  2. (1)Cash a/c Dr. 10000
    To Capital A/c 10000

    (2)Goods Purchase A/c Dr. 500
    To Cash A/c 500

    (3)Goods Purchase A/c Dr. 300
    To Ram 300

    (4)Cash A/c Dr. 100
    To Goods Sale A/c 100

    (5)Rahim A/c Dr. 200
    To Cash 200

    (6)Wages Exp. Dr 150
    To Cash 150

    (7)Cash A/c Dr 200
    To Interest Recd 200

    (8)Furniture A/c Dr. 600
    To Cash 600

    (9)Cash A/c Dr. 100
    To Rahim 100

    (10)Ram A/c Dr. 200
    To Cash 200

    ReplyDelete
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Svtuition: Journal Making Problem
Journal Making Problem
Svtuition
https://www.svtuition.com/2012/06/journal-making-problem.html
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