Some more examples of Transactions(Accounting Problem -1) :-

Journalise the Following transactions .

Jan 1^st  2011 :-             Madhavan Started business with Cash Rs. 1,00,000

Jan. 2:-             He opened an Account with Federal bank Rs. 15,000

       4 :-             Purchased goods from Chandran Rs. 15,000

       5 : -            Cash Purchases Rs . 50,000

       7 :-             Returned goods to Chandran Rs. 500

       9 :-             Sold goods for Cash Rs . 1500

      10 :-            Settled Chandrans due by Cheque.

      13 :-            Sold goods to Vinayak Rs. 3,500

      15 :-            Vinayak returned us goods Rs. 300

      18 :-             Commission Paid Rs. 100

      20 :-             Purchase office Stationary items Rs. 150.

      22 :-             Received cheque from Vinayak in Full Settlement 

                          of his Account.

      24 :-             Paid cheque in to Bank for Collection

      27 :-             Vinayak’s cheque dishonored and returned

      30 :-              Paid salary Rs . 700

      31 :-              Withdraw goods Rs . 800 for residential Purpose

                       

                                                                    N/L =  59950

 

                                                                    B/S =  99200