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Worksheet-3

Name:
Register Number:
Date of Submission:

Give the journal entries:


1. Goods purchased for cash

2. Purchased goods

3. Purchased goods from Ram for cash

4. Purchased goods and issued a cheque

5. Purchased goods from Ram

6. Purchased goods from Ram on credit

7. Sold goods

8. Sold goods for cash

9. Sold goods and received a cheque

10. Sold goods for cash to Sam

11. Sold goods to Sam

12. Sold goods to Sam on credit

13. Paid Rent (any expense……Salary, Telephone Bill, Wages, Insurance, Repairs and Maintenance etc..)

14. Purchased an Asset (Land, Building, Machinery, Equipment, Loose Tools, Furniture…..)

15. Purchased an asset for cash

16. Purchased an asset from Peter& Co.


17. Purchased an asset from Peter& Co. for cash

18. Purchased an asset from Peter& Co. and issued a cheque

19. Purchased an asset from Peter& Co. for credit

20. Cash Withdrawn by the proprietor for personal use

21. Withdrawn from bank for the proprietor’s personal use

22. goods taken/ consumed by the proprietor for personal use

23. any amount / payment made by the proprietors personal expenses( Payment of Life Insurance
Premium, Purchase of Motor Vehicle, Computer etc…)

24. goods given as donation

25. Goods distributed as a free sample, as a part of advertising strategy.

26. Paid cash to Tom

27. Issued a Cheque to Tom

28. Received cash from Jerry

29. Received a Cheque from Jerry

30. Goods were supplied as per order worth Rs. 5000 to Balaji and freight of Rs. 300 was paid on it

31. goods stolen by an employee who is absconding Rs.5000


32. Goods worth Rs. 600 were spoilt in transit and a claim was made to the railway company in this
regard
33. Rs.200 was received from the railway company in respect of the above claim
34. due from Gopu Rs. 7000
35. Received cheque from Gopu Rs 6,800 in full settlement
36. Gopu’s cheque returned dishonoured bank charges Rs 60 as expenses
37. Gopu was declared insolvent only 50% received from his estate.
38. Received a final dividend of 60 paise in the rupee from official receiver of Rajan who owed Rs 8000
39. purchased goods worth Rs 70000 from Kasi & Co at 2% trade discount and 3% cash discount terms
and paid them half amount in cash
40. goods worth Rs 5000 were destroyed by fire
41. Purchased machinery Rs 20000 for which down payment of 5000 was paid and promissory note was
executed for Rs 15000
42. Started business with Cash
43. Cash Deposited in Bank
44. Closing stock Recorded
45. Interest on Drawings Charged
46. Sales Return from Shyam
47. Purchase Return to Sheela
48. Goods, list price of which is Rs.60, 000 were sold to Manikandan at 5% trade discount.

49. On claim being made for pilferage of goods, insurance company paid Rs. 5000

50. Received an order from Balaji for supply of goods worth Rs 5000

Note:For this kind of transaction an entry need not be passed as there is no financial transaction taking place
i.e. there is no money transfer involved. Therefore this need not be entered in the books

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