Certainly! Let’s present the journal entries (with narrative) for each of the given transactions:

(a) Repayment of Loan (Partial)

• Narrative: The entity repays part of a loan amounting to Rs.10,000.
• Journal Entry:
  • Debit: Loan Payable (Liability) = Rs.10,000
  • Credit: Cash/Bank = Rs.10,000

(b) Sale of Non-Current Asset for Cash

• Narrative: The entity sells a non-current asset that was previously recorded in its books at Rs.12,000 for the same amount in cash.
• Journal Entry:
  • Debit: Cash/Bank = Rs.12,000
  • Credit: Non-Current Asset (e.g., Equipment) = Rs.12,000

(c) Sale of Equipment on Credit

• Narrative: The entity sells a piece of equipment that was recorded in the books at Rs.33,000 for the same amount on credit.
• Journal Entry:
  • Debit: Accounts Receivable (Trade Receivables) = Rs.33,000
  • Credit: Non-Current Asset (e.g., Equipment) = Rs.33,000

(d) Payment for Acquired Equipment

• Narrative: The acquirer of the equipment pays the amount due in cash. Cash that had initially been received from the owners of the business is used.
• Journal Entry:
  • Debit: Cash/Bank = Rs.33,000 (amount due for equipment)
  • Credit: Cash/Bank (initially received from owners) = Rs.33,000

(e) Purchase of Land

• Narrative: Cash initially received from the owners of the business is used to buy a piece of land for Rs.140,000.
• Journal Entry:
  • Debit: Land (Non-Current Asset) = Rs.140,000
  • Credit: Cash/Bank = Rs.140,000

(f) Payment of Liability for Premises

• Narrative: The entity pays the liability of Rs.25,000 to the company that built their premises.
• Journal Entry:
  • Debit: Premises (Non-Current Asset) = Rs.25,000
  • Credit: Cash/Bank = Rs.25,000

(g) Acquisition of Equipment in Exchange for a Car

• Narrative: The entity acquires a piece of equipment with a value of Rs.10,000 in exchange for a car.
• Journal Entry:
  • Debit: Equipment (Non-Current Asset) = Rs.10,000
  • Credit: Car (Non-Current Asset) = Rs.10,000