Accounting General Journal Entries
Question And Answer
Question No 4 of Journal Entries.
Question No 4 of Journal Entries.
March 1 The owner invested cash Rs:80,000 into
business.
March 5 The
owner invested furniture of Rs:20,000 into business.
March 17
The owner withdrew cash Rs:10,000 from business for personal use.
March 25
The owner withdrew furniture costing Rs:6,000 from business for personal
use.
March 28
The owner withdrew cash Rs:4,000 from business bank for personal use.
Required:
Prepare entries in standard form of General Journal.
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Journal Entries
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Date
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Particular
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P/R
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Debit
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Credit
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Mar-01
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Cash
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80,000
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Capital
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80,000
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(To record capital)
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Mar-05
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Furniture
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20,000
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Capital
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20,000
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(To record capital)
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Mar-17
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Drawing
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10,000
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Cash
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10,000
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(To record drawing)
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Mar-25
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Drawing
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6,000
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Furniture
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6,000
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(To record drawing)
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Mar-28
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Drawing
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4,000
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Bank
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4,000
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(To record drawing)
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