Journalise the following transactions, post them into Ledger, balance the accounts and prepare a trail balance:
March 1 Shyam Sunder commenced business with cash. 80,000
March 2 Purchased goods for cash. 36,000
March 3 Machinery purchased for cash. 4,000
March 4 Purchased goods from: Raghu 22,000
Dalip 30,000
March 6 Returned goods to Raghu. 4,000
March 8 Paid to Raghu, in full settlement of his account. 17,500
March 10 Sold goods to Mahesh Chand & Co. for Rs 32,000 at 5% trade discount.
March 13 Received cash from Mahesh Chand & Co. 19,800
Discount allowed. 200
March 15 Paid cash to Dilip. 14,850
Discount received. 150
March 20 Sold goods for cash. 25,000
March 24 Sold goods for cash to Sudhir Ltd. 18,000
March 25 Paid for rent. 15,000
March 26 Received for Commission. 2,000
March 28 Withdrew by Proprietor for his personal use. 5,000
March 28 Purchased a fan for proprietor's house. 1,200
Here, we have provided you the Journal entries for the question. With the help of these entries you can prepare Ledger Accounts and Trial Balance on your own. In case you face any difficulty, do get back to us.
Journal |
| |||||
Date | Particulars | L.F. | Debit Amount Rs | Credit Amount Rs | ||
March |
|
|
|
|
| |
01 | Cash A/c | Dr. |
| 80,000 |
| |
| To Shyam Sunder Capital’s A/c |
|
|
| 80,000 | |
|
|
|
|
|
| |
02 | Purchases A/c | Dr. |
| 36,000 |
| |
| To Cash A/c |
|
|
| 36,000 | |
|
|
|
|
|
| |
03 | Machinery A/c | Dr. |
| 4,000 |
| |
| To Cash A/c |
|
|
| 4,000 | |
|
|
|
|
|
| |
04 | Purchases A/c | Dr. |
| 52,000 |
| |
| To Raghu |
|
|
| 22,000 | |
| To Dilip |
|
|
| 30,000 | |
|
|
|
|
|
| |
06 | Raghu | Dr. |
| 4,000 |
| |
| To Purchase Return A/c |
|
|
| 4,000 | |
|
|
|
|
|
| |
08 | Raghu | Dr. |
| 18,000 |
| |
| To Cash A/c |
|
|
| 17,500 | |
| To Discount Received A/c |
|
|
| 500 | |
|
|
|
|
|
| |
10 | Mahesh Chand & Co. | Dr. |
| 30,400 |
| |
| To Sales A/c |
|
|
| 30,400 | |
|
|
|
|
|
| |
13 | Cash A/c | Dr. |
| 19,800 |
| |
| Discount Allowed A/c | Dr. |
| 200 |
| |
| To Mahesh Chand & Co. |
|
|
| 20,000 | |
|
|
|
|
|
| |
15 | Dilip | Dr. |
| 15,000 |
| |
| To Cash A/c |
|
|
| 14,850 | |
| To Discount Received A/c |
|
|
| 150 | |
|
|
|
|
|
| |
20 | Cash A/c | Dr. |
| 25,000 |
| |
| To Sales A/c |
|
|
| 25,000 | |
|
|
|
|
|
| |
24 | Cash A/c | Dr. |
| 18,000 |
| |
| To Sales A/c |
|
|
| 18,000 | |
|
|
|
|
|
| |
25 | Rent A/c | Dr. |
| 15,000 |
| |
| To Cash A/c |
|
|
| 15,000 | |
|
|
|
|
|
| |
26 | Cash A/c | Dr. |
| 2,000 |
| |
| To Commission Received A/c |
|
|
| 2,000 | |
|
|
|
|
|
| |
28 | Drawings A/c | Dr. |
| 5,000 |
| |
| To Cash A/c |
|
|
| 5,000 | |
|
|
|
|
|
| |
28 | Drawings A/c | Dr. |
| 1,200 |
| |
| To Cash A/c |
|
|
| 1,200 | |
|
|
|
|
|
| |