Q3. From the following transaction prepare necessary ledger accounts in the books of Kamla for the month of May 2009 1. Brought into business cash ₹ 8,000 as capital 8. Cash purchases ₹ 3,000. 13. Withdrew cash for personal use ₹ 700. 18. Cash Sales ₹ 4,000 22. Purchased a vehicle from Nitin ₹ 2,000 26. Sold goods to Pradeep of ₹ 1,500. 28. Received from Pradeep ₹ 1,450 and allowed him discount ₹ 50 30. Paid to Nagin ₹ 2,000 on behalf of Nitin. 31 Paid for advertisement ₹ 1,000.
Dear Student
Here are some of the necessary ledger accounts, From this you would be able to understand the solution and also prepare remaining ledger accounts , in case of any query please get back to us .
Regards
Here are some of the necessary ledger accounts, From this you would be able to understand the solution and also prepare remaining ledger accounts , in case of any query please get back to us .
| Cash A/c | |||||||
| Cr. | |||||||
| Date | Particulars | Amount | Date | Particulars | Amount | ||
| (Rs) | (Rs) | ||||||
| Bal B/d | |||||||
| 1-May | Capital A/c | 8,000 | 8-May | Purchase A/c | 3,000 | ||
| 18-May | Sales A/c | 4,000 | 13-May | Drawings | 700 | ||
| 25-May | Pradeep A/c | 1,450 | 30-May | Nitin A/c (Paid to nagin on behalf of nitin) | 2,000 | ||
| 31-May | Advertisment Expenses | 1,000 | |||||
| Bal C/d | 6,750 | ||||||
| 13,450 | 13,450 | ||||||
| Capital A/c | |||||||
| Cr. | |||||||
| Date | Particulars | Amount | Date | Particulars | Amount | ||
| (Rs) | (Rs) | ||||||
| Bal B/d | |||||||
| 1-May | Cash A/c | 8,000 | |||||
| Bal C/d | 8,000 | ||||||
| 8,000 | 8,000 | ||||||
| Purchase A/c | |||||||
| Cr. | |||||||
| Date | Particulars | Amount | Date | Particulars | Amount | ||
| (Rs) | (Rs) | ||||||
| Bal B/d | |||||||
| 8-May | Cash A/c | 3,000 | |||||
| Bal C/d | 3,000 | ||||||
| 3,000 | 3,000 | ||||||
| Nitin A/c | |||||||
| Cr. | |||||||
| Date | Particulars | Amount | Date | Particulars | Amount | ||
| (Rs) | (Rs) | ||||||
| Cash A/c | 2,000 | 22-May | Vehicle A/c | 2,000 | |||
| 2,000 | 2,000 | ||||||
| Pradeep A/c | |||||||
| Cr. | |||||||
| Date | Particulars | Amount | Date | Particulars | Amount | ||
| (Rs) | (Rs) | ||||||
| 26-May | Sales A/c | 1,500 | 28-May | Cash A/c | 1,450 | ||
| 28-May | Discount Allowed A/c | 50 | |||||
| 1,500 | 1,500 | ||||||
Regards