Assignment 3: Kavya Textiles
Business Name: Kavya Textiles
Record journal entries for the following transactions:
- Started business with ₹90,000 cash and borrowed ₹3,00,000 cash from Hari.
- Deposited ₹40,000 in Dena Bank to open a bank account.
- Purchased machinery for office use from Machinery Store on credit for ₹1,800.
- Purchased furniture for office use in cash for ₹3,500.
- Purchased goods in cash worth ₹18,200.
- Withdrew ₹100 from bank for personal use.
- Withdrew ₹400 from bank.
- Withdrew ₹600 cash for personal use.
- Purchased goods from Sangeeta Trader on credit worth ₹38,000.
- Sold goods for cash worth ₹19,300.
- Purchased goods from Mahak Trader worth ₹55,000 and paid ₹5,000 cash.
- Purchased goods from Nitesh Trader worth ₹22,000, paid ₹2,000 cash and ₹3,000 through bank.
- Cash sales of ₹3,100.
- Sold goods to Mohanshyam Trader on credit worth ₹26,500.
- Sold goods to Devendra Trader worth ₹14,200 and received ₹1,800 cash.
- Goods worth ₹6,000 returned by Devendra Trader.
- Goods worth ₹1,500 returned by Mohanshyam Trader.
- Additional capital invested in cash: ₹20,000.
- Returned goods worth ₹2,000 to Sangeeta Trader.
- Returned goods worth ₹1,100 to Mahak Trader.
- Paid ₹5,000 cash to Sangeeta Trader.
- Paid ₹6,500 cash and ₹3,800 through Dena Bank to Mahak Trader.
- Received ₹10,000 cash from Mohanshyam Trader.
- Paid wages: ₹3,800.
- Paid stationery expenses: ₹200.
- Paid carriage expenses: ₹1,000.
Assignment 4: Ramesh Provisional Store
Business Name: Ramesh Provisional Store
Financial Year: 2021–2022
Record journal entries for the following transactions:
- Started business with ₹4,50,000 cash.
- Opened PNB Bank Account by depositing ₹40,000.
- Opened HDFC Bank Account by depositing ₹50,000.
- Purchased furniture worth ₹7,500.
- Purchased machinery worth ₹2,800 and paid through HDFC Bank.
- Purchased goods worth ₹4,000.
- Purchased goods worth ₹1,200 and paid through PNB Bank.
- Purchased goods worth ₹7,200 and paid through HDFC Bank.
- Purchased goods from Rohit on credit worth ₹14,500.
- Purchased goods from Vicky on credit worth ₹18,000.
- Purchased goods from Karan worth ₹3,600 and paid ₹1,600 cash.
- Purchased building from Suresh Builder on credit worth ₹2,00,000.
- Purchased goods from Ankit worth ₹8,500 and paid ₹2,500 through PNB Bank.
- Paid interest in cash: ₹9,000.
- Received interest in cash: ₹400.
- Paid ₹90,000 cash to Suresh Builder and ₹1,100 through HDFC Bank to Karan.
- Paid commission in cash: ₹1,200.
- Received commission in cash: ₹500.
- Paid salary through PNB Bank: ₹9,800.
- Paid bus fare in cash: ₹15.