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As per voucher no. 31 of Roy Brothers, on 10.05.2013 goods of 50000 were purchased. Cash was paid immediately. Ledger Folios of the Purchase A/c
As per voucher no. 31 of Roy Brothers, on 10.05.2013 goods of 50000 were purchased. Cash was paid immediately. Ledger Folios of the Purchase A/c and Cash A/c are 5 and 17 respectively. Joumal entry of the above transaction is given bellow: 02 In the books of Roy Brothers Journal Entries Dr. Date Particulars Voucher Ledger Amount Amount Folio () 10.05.2013 Purchase A/C 31 5 50,000 To, Cash A/C 17 50,000 (Being goods purchased for Cash) Cr. No. Dr. Illustration 18. Let us illustrate the journal entries for the following transactions: 2012 April 1 Mr. Vikas and Mrs. Vaibhavi who are husband and wife start consulting business by bringing in their personal cash of 5,00,000 and 2,50,000 respectively. 10 Bought office furniture of 25,000 for cash. Bill No.- 2013/F/3 11 Opened a current account with Punjab National Bank by depositing ? 1,00.000 15 Paid office rent of 15,000 for the month by cheque to M/s Realtors Properties. Voucher No. 3 20 Bought a motor car worth 4,50,000 from Millennium Motors by making a down payment of 250,000 by cheque and the balance by taking a loan from HDFC Bank. Voucher No. M/13/7 25 Vikas and Vaibhavi carried out a consulting assignment for Avon Pharmaceuticals and raised a bill for 10,00,000 as consultancy fees. Bill No. 113/4/1 raised Avon Pharmaceuticals have immediately settled 2,50,000 by way of cheque and the balance will be paid after 30 days. The cheque received is deposited into Bank. 30 Salary of one receptionist @ 35,000 per month and one officer a : 10,000 per month. The salary for the current month is payable to them
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