Pass Journal entries for the following transactions:

(a) Tejvir started business with cash ₹ 5,00,000.

(b) Opened a bank account depositing ₹ 3,00,000.

(c) Invested in shares (personal) for ₹ 50,000, paid out of Savings Account.

(d) Bought goods (timber) for ₹ 3,00,000, paid half by cash and half by cheque.

(e) Paid carriage for unloading the timber ₹ 5,000.

(f) Bank charges ₹ 2,000.

(g) Goods of ₹ 15,000 were used to make furniture and wages paid ₹ 5,000.

(h) Dividend collected by bank ₹ 5,000 wrongly credited in firm’s account.

(i) Tejvir sold his personal scooter for ₹ 35,000 and deposited the amount in firm’s bank account.

Anurag Pathak Changed status to publish September 20, 2023
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