100 100 j? .........Dr. 7,000 7.000 (Being Ketan paid rent behalf of us) 30 Goods A/c / Sales Return A/C ...... Dr. To Kadam's A/C (Being Goods returned by Kadam) 31 Cash A/C To Capital A/C (Being Proprietor introduced additional capital into the business) 31 Investment's / Shares A/c Dr. To Cash A/C (Being investment made in shares of ABB Co. Ltd) 31 Cash A/C Discount Alc ...........Dr. To Kadam's A/C (Being cash received from Kadam and allowed him to Discount) Total 10,000 10,000 ...Dr. 360 40 400 65,340 65,340 Note: Transaction dated 16 march, 2009 does not require Journal Entry as cash exchanged for a cheque. It is not a transaction. 40,000 Illustration 4 Journalise the following transactions in the books of Dhawal 2008 Rs. Mar. 2 Commenced business with cash 2,50,000 4 Purchased furniture for cash 20,000 4 Cash purchases 1,45,000 5 Deposited with bank 30,000 6 Bought from Z Sold to Natu for cash 14,300 7 Stationery purchased 1,050 7 Bought from Mona 20,000 7 Sold to Rakesh 8,000 9 Rent for two years paid in advance 14,000 9 Drawings by the proprietor for household Expenses 4,000 Goods taken out by the proprietor for domestic use 1,500 9 Cash withdrawn from Bank 25,000 10 Sold to A & Co on credit 9,000 11 Purchases made, payment through cheque 2,900 14 Cash received from Z on account 10,000 14 Cash paid to Mona after deduction of discount Rs. 130 3,870 17 Cash received from A & Co. in full settlement of his account 8,750 28 Purchase of office furniture 40,000 30 Sold goods to Agarwal for cash 8,000 Sold to Nana 3,000 31 Cartage paid in cash 150