Practical Problem 02

2. Journalise the following transactions in the books of Gajanan
2019
May-03	Purchased goods for Rs 90,000 and amount paid by Bank directly
7	Sold goods to Satish on credit Rs 30,000.
9	Paid for Postage Rs 10,000
12	Paid for Wages Rs 15,000.
15	Received cheque of Rs 30,000 from Sati.
21	Received Dividend Rs 5000.
25	Purchased Laptop of Rs 40,000 and paid by cheque.
28	Deposited cash Rs 10,000 into State Bank of India.
31	Purchased goods for Rs 40,000 and paid by RTGS

In the books of Gajanan
Journal Entries
Date	Particular	L.F	Debit	Credit
2019
May-03	Purchase A/c ………………………………………………………………………Dr		90,000
	To Bank A/c			90,000
	(Being goods purchased and payment made through bank)
7	Satish A/c ………………………………………………………………………Dr		30,000
	To Sales A/c			30,000
	(Being goods sold to satish on credit)
9	Postage A/c ………………………………………………………………………Dr		10,000
	To Cash A/c			10,000
	(Being paid for postage)
12	Wages A/c ………………………………………………………………………Dr		15,000
	To Cash A/c			15,000
	(Being paid for Wages)
15	Bank A/c ….………………………………………………………………………Dr		30,000
	To Sati A/c			30,000
	(Being Cheque received from sati)
21	Bank/Cash A/c ……………………………………………………………………Dr		5,000
	To Dividend A/c			5,000
	(Being dividend received)
25	Laptop A/c ………………………………………………………………………..Dr		40,000
	To Bank A/c			40,000
	(Being Laptop purchased and paid by cheque)
28	State Bank of India A/c ..…………………………………….…………..Dr		10,000
	To Cash A/c			10,000
	(Being Cash deposited in State Bank of india)
31	Purchase A/c ……………………………………………………………………….Dr		40,000
	To Bank A/c			40,000
	(Being goods purchased and paid by RTGS)
	Total		2,70,000	2,70,000