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November 11, 2019

General Journal Example Entries for Accounting Students

November 11, 2019


A general journal is the book of original entries in which bookkeeper records all of the business transactions in chronological order. It is the first place where business transactions are recorded. The general journal is prepared under the concept of double entry accounting system where each transaction affects at least two accounts. The general journal is also called Journal Book or Book of Original Entry.

The data in the general journal is taken from the source documents and each entry contains the following:

Transaction date
Description of transaction
Posting reference
Amount to be debited and credit

General Journal Example Entries

General Journal Example Entries


Following are some of the examples entries of general journal:

Jan 01 2019, the owner invested cash Rs. 50000 into business.
Jan 02 2019, purchased goods/merchandise for Rs. 20000 on cash.
Jan 02 2019, purchased goods/merchandise for Rs. 20000 on credit.
Jan 03 2019, sold goods/merchandise for Rs.  5000 on cash.
Jan 03 2019, sold goods/merchandise for Rs.  5000 on credit.
Jan 05 2019, defective goods of Rs. 4000 returned to supplier that was purchased on cash.
Jan 05 2019, defective goods of Rs. 4000 returned to supplier that was purchased on credit.
Jan 07 2019, goods of Rs. 2000 returned by customer that was purchased on cash.
Jan 07 2019, goods of Rs. 2000 returned by customer that was purchased on credit.
Feb 09 2019, paid cash to supplier Rs. 20000.
Feb 15 2019, received cash from customer Rs. 3000.
Mar 11 2019, purchased furniture for Rs. 25000.
May 17 2019, paid electric bill Rs. 8000.
July 12 2019, the owner opened a bank account with Rs. 25000.
July 18 2019, deposited a cheque of customer of Rs. 12000 into bank.
Aug 14 2019, withdraw cash from bank Rs. 7000.
Oct 16 2019, withdraw cash from business for office use Rs. 6000.
Nov 15 2019, withdraw cash from business for personal use Rs. 2000.
Dec 05 2019, paid salary by cheque Rs. 30000.

Abc Corporation

General Journal


Date Description Debit Credit
Jan 01, 2019 Cash 50000
Capital 50000
To Record:The owner invested cash into business.
Jan 02, 2019 Purchase 20000
Cash 20000
To Record:The goods puchased on cash.
Jan 02, 2019 Purchase 20000
Account Payable 20000
To Record:The goods puchased on credit.
Jan 03, 2019 Cash 5000
Sales 5000
To Record:The sale of goods on cash.
Jan 03, 2019 Account Receivable 5000
Sales 5000
To Record:The sale of goods on credit.
Jan 05, 2019 Cash 4000
Purchase return 4000
To Record:The defective goods was returned to supplier.
Jan 05, 2019 Account Payable 4000
Purchase return 4000
To Record:The defective goods was returned to supplier.
Jan 07, 2019 Sales return 2000
Cash 2000
To Record:The defective goods was returned by customer.
Jan 07, 2019 Sales return 2000
Account Receivable 2000
To Record:The defective goods was returned by customer.
Feb 09, 2019 Account Payable 20000
Cash 20000
To Record:The payment made to supplier.
Feb 15, 2019 Cash 3000
Account Receivable 3000
To Record:The payment received from customer.
Mar 11, 2019 Furniture 25000
Cash 25000
To Record:The purchase of furniture.
May 17, 2019 Utility Expense 8000
Cash 8000
To Record:The payment of electric bill.
July 12, 2019 Bank 25000
Cash 25000
To Record:The owner open a bank account.
July 18, 2019 Bank 12000
Cash 12000
To Record:The cheque of customer was deposited into bank.
Aug 14, 2019 Cash 7000
Bank 7000
To Record:The cash was withdrawn from bank.
Oct 16, 2019 Office Expense 6000
Cash 6000
To Record:The cash was withdrawn from business for office use.
Nov 15, 2019 Drawing 2000
Cash 2000
To Record:The cash was withdrawn from business for personal use.
Dec 05, 2019 Salary Expense 30000
Bank 30000

To Record:The payment of salary expense throuhg cheque.

Some companies prepare special journals such as sales journal and purchase journal that only keeps record of specific types of transactions.
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