Journal Entry No - 5

Journal Entry Problem no. 5

Date	Particular	Amount
9-May	Venkatesh Started Business	12000
11-May	Cash Sales	2000
13-May	Purchases	1500
15-May	Sold Plant & Machinery	3400
17-May	Cash Paid to Santhi	1200
19-May	Wages Paid	350

	Resolution	What we Taking/Receiving/Expenditure	What We Giving/Giver/Income
9-May	Business Started	Cash (Receiving by Business)	Capital (Owner bring to Business)
11-May	We sold goods	Cash (Comes in)	Sales (Goods we sold)
13-May	Purchased made	Purchases (Goods we receive)	Cash (We pay cash to purchase)
15-May	Sold Plant & Machinery (Asset)	Cash (We receiving for selling something)	Plant & Machinery (We sold - giving for Cash)
17-May	Cash Paid to Santhi	Santhi (receiving cash)	Cash (We are Paying cash)
19-May	Wages Paid means cash going out	Wages (Expenditure - we made expenses)	Cash (we pay cash as wages)

Date	Particular		L.F	Debit	Credit
9-May	Cash A/c			12000
		To Capital A/c			12000
11-May	Cash A?C			2000
		To Sales			2000
13-May	Purchase A/c			1500
		To Cash			1500
15-May	Cash A/c			3400
		To Plant & Machinery A/c			3400
17-May	Santhi A/c			1200
		To Cash A/c			1200
19-May	Wages A/c			350
		To Cash A/c			350