Accounting Transactions Exercises II

Accounting Transactions Exercises

TRANSACTIONS EXERCISES:

• Loan from Bank $12000.

                Loan a/c Dr. - $12000

                To Bank a/c Cr. - $12000

• Amount of $35000 received for conducting seminar.

                Cash a/c Dr. - $35000

                To Seminar a/c Cr. - $35000

• Received for doing DTP work $250.

                Cash a/c Dr. - $250

                To DTP work a/c Cr. - $250

• Paid for convenience charge $150.

                Convenience a/c Dr. - $150

                To Cash a/c Cr. - $150

• Amount paid for advertising.

                Advertising a/c Dr.

                To Cash a/c Cr.

• Paid for convenience charge $350.

                Convenience a/c Dr. - $350

                To Cash a/c Cr. - $350

• Amount for admission received $5000.

                Cash a/c Dr. - $5000

                To Admission a/c Cr. - $5000                

• Spent amount for printing $250.

                Printing a/c Dr. - $250

                To Cash a/c Cr. - $250

• Invest in ICICI Bank $50000.

                ICICI Bank a/c Dr. - $50000

                To Cash a/c Cr. - $50000

• Received for doing DTP work $450.

                Cash a/c Dr. - $450

                To DTP work a/c Cr. - $450

• Received donation of $120000 from Godrej.

                Cash a/c Dr. - $120000

                To Godrej a/c Cr. - $120000

• Purchase furniture of $80000.

                Furniture a/c Dr. - $80000

                To Cash a/c Cr. - $80000

• Spent an amount for printing $400.

                Printing a/c Dr. - $400

                To Cash a/c Cr. - $400

• Paid interest on loan $2500.

                Loan interest a/c Dr. - $2500

                To Cash a/c Cr. - $2500

• Paid for convenience charge $350.

                Convenience a/c Dr. - $350

                To Cash a/c Cr. - $350

• Deposit in Bank $15000.

                Bank a/c Dr. - $15000

                To Cash a/c Cr. - $15000

• Received for doing DTP work $550.

                Cash a/c Dr. - $550

                To DTP work a/c Cr. - $550

• Amount for using internet $500.

                Internet a/c Dr. - $500

                To Cash a/c Cr. - $500

• Paid for tea & refreshment $475.

                Tea & refreshment a/c Dr. - $475

                To Cash a/c Cr. - $475

• Advance salary paid to instructors $5000.

                Salary a/c Dr. - $5000

                To Cash a/c Cr. - $5000

Note: Transactions exercises will be continued in next article.

Real Account