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Page No 8.30:

Question 1:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

 

Apr. 01

Cash A/c

Dr.

 

50,000

 

 

  To Capital A/c

 

 

 

50,000

 

(Business started with cash)

 

 

 

 

 

 

 

 

 

 

Apr. 03

Purchases A/c

Dr.

 

20,000

 

 

  To Rita’s A/c

 

 

 

20,000

 

(Goods purchased from Rita on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 04

Rita’s A/c

Dr.

 

10,000

 

 

  To Cash A/c

 

 

 

10,000

 

(Cash paid to Rita)

 

 

 

 

 

 

 

 

 

 

Apr. 06

Rohit’s A/c

Dr.

 

25,000

 

 

  To Sales A/c

 

 

 

25,000

 

(Goods were sold to Rohit on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 08

Cash A/c

Dr.

 

20,000

 

 

  To Rohit’s A/c

 

 

 

20,000

 

(Cash received from Rohit)

 

 

 

 

 

 

 

 

 

 

Apr. 12

Purchases A/c

Dr.

 

12,000

 

 

  To Rita’s A/c

 

 

 

12,000

 

(Goods purchased from Rita on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 18

Rita’s A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Cash paid to Rita)

 

 

 

 

 

 

 

 

 

 

Apr. 25

Rohit’s A/c

Dr.

 

10,000

 

 

  To Sales A/c

 

 

 

10,000

 

(Goods sold to Rohit)

 

 

 

 

 

 

 

 

 

 

Apr. 30

Cash A/c

Dr.

 

6,000

 

 

  To Rohit’s A/c

 

 

 

6,000

 

(Cash received from Rohit)

 

 

 

 

 

 

 

 

 

 

Cash Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

2016

 

 

 

2016

 

 

 

 

Apr. 01

Capital A/c

 

50,000

Apr. 04

Rita’s A/c

 

10,000

 

Apr. 08

Rohit’s A/c

 

20,000

Apr. 18

Rita’s A/c

 

20,000

 

Apr. 30

Rohit’s A/c

 

6,000

Apr. 30

Balance c/d

 

46,000

 

 

 

 

 

 

 

 

 

 

 

 

 

76,000

 

 

 

76,000

 

 

 

 

 

 

 

 

 

 

                     

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 30

Balance c/d

 

50,000

Apr. 01

Cash A/c

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 03

Rita’s A/c

 

20,000

Apr. 30

Balance c/d

 

32,000

Apr. 12

Rita’s A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

                   

 

Rita’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 04

Cash A/c

 

10,000

Apr. 03

Purchases A/c

 

20,000

Apr. 18

Cash A/c

 

20,000

Apr. 12

Purchases A/c

 

12,000

Apr. 30

Balance c/d

 

2,000

              

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 30

Balance c/d

 

35,000

Apr. 06

Rohit’s A/c

 

25,000

 

 

 

 

Apr. 25

Rohit’s A/c

 

10,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rohit’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 06

Sales A/c

 

25,000

Apr. 08

Cash A/c

 

20,000

Apr. 25

Sales A/c

 

10,000

Apr. 30

Cash A/c

 

6,000

 

 

 

 

Apr. 30

Balance c/d

 

9,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page No 8.30:

Question 2:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

 

Apr. 01

Cash A/c

Dr.

 

50,000

 

 

  To Capital A/c

 

 

 

50,000

 

(Business started with cash)

 

 

 

 

 

 

 

 

 

 

Apr. 03

Purchases A/c

Dr.

 

20,000

 

 

  To Rita’s A/c

 

 

 

20,000

 

(Goods purchased from Rita on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 04

Rita’s A/c

Dr.

 

10,000

 

 

  To Cash A/c

 

 

 

10,000

 

(Cash paid to Rita)

 

 

 

 

 

 

 

 

 

 

Apr. 06

Rohit’s A/c

Dr.

 

25,000

 

 

  To Sales A/c

 

 

 

25,000

 

(Goods were sold to Rohit on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 08

Cash A/c

Dr.

 

20,000

 

 

  To Rohit’s A/c

 

 

 

20,000

 

(Cash received from Rohit)

 

 

 

 

 

 

 

 

 

 

Apr. 12

Purchases A/c

Dr.

 

12,000

 

 

  To Rita’s A/c

 

 

 

12,000

 

(Goods purchased from Rita on credit)

 

 

 

 

 

 

 

 

 

 

Apr. 18

Rita’s A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Cash paid to Rita)

 

 

 

 

 

 

 

 

 

 

Apr. 25

Rohit’s A/c

Dr.

 

10,000

 

 

  To Sales A/c

 

 

 

10,000

 

(Goods sold to Rohit)

 

 

 

 

 

 

 

 

 

 

Apr. 30

Cash A/c

Dr.

 

6,000

 

 

  To Rohit’s A/c

 

 

 

6,000

 

(Cash received from Rohit)

 

 

 

 

 

 

 

 

 

 

Cash Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

2016

 

 

 

2016

 

 

 

 

Apr. 01

Capital A/c

 

50,000

Apr. 04

Rita’s A/c

 

10,000

 

Apr. 08

Rohit’s A/c

 

20,000

Apr. 18

Rita’s A/c

 

20,000

 

Apr. 30

Rohit’s A/c

 

6,000

Apr. 30

Balance c/d

 

46,000

 

 

 

 

 

 

 

 

 

 

 

 

 

76,000

 

 

 

76,000

 

 

 

 

 

 

 

 

 

 

                     

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 30

Balance c/d

 

50,000

Apr. 01

Cash A/c

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 03

Rita’s A/c

 

20,000

Apr. 30

Balance c/d

 

32,000

Apr. 12

Rita’s A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

                   

 

Rita’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 04

Cash A/c

 

10,000

Apr. 03

Purchases A/c

 

20,000

Apr. 18

Cash A/c

 

20,000

Apr. 12

Purchases A/c

 

12,000

Apr. 30

Balance c/d

 

2,000

              

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 30

Balance c/d

 

35,000

Apr. 06

Rohit’s A/c

 

25,000

 

 

 

 

Apr. 25

Rohit’s A/c

 

10,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rohit’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr. 06

Sales A/c

 

25,000

Apr. 08

Cash A/c

 

20,000

Apr. 25

Sales A/c

 

10,000

Apr. 30

Cash A/c

 

6,000

 

 

 

 

Apr. 30

Balance c/d

 

9,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

 

Jan.01

Cash A/c

Dr.

 

1,00,000

 

 

  To Capital A/c

 

 

 

1,00,000

 

(Business started with cash)

 

 

 

 

 

 

 

 

 

 

Jan.03

Purchases A/c

Dr.

 

20,000

 

 

  To Gupta & Co.

 

 

 

20,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Jan.05

Cash A/c

Dr.

 

5,000

 

 

  To Sales A/c

 

 

 

5,000

 

(Goods sold for Cash)

 

 

 

 

 

 

 

 

 

 

Jan.08

Purchases A/c

Dr.

 

8,000

 

 

  To Cash A/c

 

 

 

8,000

 

(Goods purchased for cash)

 

 

 

 

 

 

 

 

 

 

Jan.10

Ahmed & Co.

Dr.

 

10,000

 

 

  To Sales A/c

 

 

 

10,000

 

(Goods sold to Ahmed & Co. on credit)

 

 

 

 

 

 

 

 

 

 

Jan.11

Bank A/c

Dr.

 

50,000

 

 

  To Cash A/c

 

 

 

50,000

 

(Cash deposited into bank)

 

 

 

 

 

 

 

 

 

 

Jan.13

Computer A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Computer purchased for office)

 

 

 

 

 

 

 

 

 

 

Jan.15

Cash A/c

Dr.

 

70,000

 

 

  To Loan from Mehboob

 

 

 

70,000

 

(Loan taken from Mehboob)

 

 

 

 

 

 

 

 

 

 

 Jan.16

Sales Return A/c

Dr.

 

2,000

 

 

  To Ahmed & Co.

 

 

 

2,000

 

(Goods returned)

 

 

 

 

 

 

 

 

 

 

Jan.17

Furniture A/c

Dr.

 

10,000

 

 

  To Mehfil Mart

 

 

 

10,000

 

(Furniture purchased)

 

 

 

 

 

 

 

 

 

 

Jan.18

Interest on Loan A/c

Dr.

 

2,000

 

 

  To Cash A/c

 

 

 

2,000

 

(Interest paid on Loan)

 

 

 

 

 

 

 

 

 

 

Jan.19

Loss by Defect A/c

Dr.

 

1,000

 

 

  To Ahmed & Co.

 

 

 

1,000

 

(Claim accepted)

 

 

 

 

 

 

 

 

 

 

Jan.22

Rent A/c

Dr.

 

2,000

 

 

  To Bank A/c

 

 

 

2,000

 

(Rent paid by cheque)

 

 

 

 

 

 

 

 

 

 

Jan.24

Cash A/c

Dr.

 

20,000

 

 

  To Bank A/c

 

 

 

20,000

 

(Cash withdrawn from bank)

 

 

 

 

 

 

 

 

 

 

Jan.25

Cash A/c

Dr.

 

9,000

 

 

  To Sales A/c

 

 

 

9,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan.26

Loss by Accident A/c

Dr.

 

10,000

 

 

  To Purchases A/c

 

 

 

10,000

 

(Goods destroyed by accident)

 

 

 

 

 

 

 

 

 

 

Jan.27

Advertisement A/c

Dr.

 

5,000

 

 

  To Bank A/c

 

 

 

5,000

 

(Advertisement expenses paid through Bank)

 

 

 

 

 

 

 

 

 

 

Jan.28

Bank A/c

Dr.

 

6,000

 

 

Discount Allowed A/c

Dr.

 

1,000

 

 

  To Ahmed & Co.

 

 

 

7,000

 

(Final payment received)

 

 

 

 

 

 

 

 

 

 

Jan.29

Gupta & Co.

Dr.

 

20,000

 

 

  To Bank A/c

 

 

 

18,000

 

  To Discount Received A/c

 

 

 

2,000

 

(Final payment made to Gupta & Co.)

 

 

 

 

 

 

 

 

 

 

Jan.31

Cash A/c

Dr.

 

500

 

 

  To Sundry Income A/c

 

 

 

500

 

(Old newspapers were sold)

 

 

 

 

 

 

 

 

 

­­­­­­

                                                                                    Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 01

Capital A/c

 

1,00,000

Jan. 08

Purchases A/c

 

8,000

Jan. 05

Sales A/c

 

5,000

Jan. 11

Bank A/c

 

50,000

Jan. 15

Loan from Mehboob

 

70,000

Jan. 13

Computers A/c

 

20,000

Jan. 24

Bank A/c

 

20,000

Jan. 18

Interest on Loan

 

2,000

Jan. 25

Sales A/c

 

9,000

Jan. 31

Balance c/d

 

1,24,500

Jan. 31

Sundry Income A/c

 

500

 

 

 

 

 

 

 

2,04,500

 

 

 

2,04,500

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

1,00,000

Jan. 01

Cash A/c

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.03

Gupta & Co.

 

20,000

Jan. 26

Loss by Accident A/c

 

10,000

Jan. 08

Cash A/c

 

8,000

Jan. 31

Balance c/d

 

18,000

 

 

 

28,000

 

 

 

28,000

 

 

 

 

 

 

 

 

                   

 

Gupta & Co. Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 29

Bank A/c

 

18,000

Jan. 03

Purchases A/c

 

20,000

Jan. 29

Discount Received A/c

 

2,000

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

 

Jan. 05

Cash A/c

 

5,000

 

 

 

 

Jan. 10

Ahmed & Co.

 

10,000

 

 

 

 

Jan. 25

Cash A/c

 

9,000

 

 

 

24,000

 

 

 

24,000

 

 

 

 

 

 

 

 

                   

 

Ahmed & Co. 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 10

Sales A/c

 

10,000

Jan. 16

Sales Return A/c

 

2,000

 

 

 

 

Jan. 19

Loss by Defect A/c

 

1,000

 

 

 

 

Jan. 28

Bank A/c

 

6,000

 

 

 

 

Jan. 28

Discount Allowed A/c

 

1,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 11

Cash A/c

 

50,000

Jan. 22

Rent A/c

 

2,000

Jan. 28

Ahmed & Co.

 

6,000

Jan. 24

Cash A/c

 

20,000

 

 

 

 

Jan. 27

Advt. A/c

 

5,000

 

 

 

 

Jan. 29

Gupta & Co.

 

18,000

 

 

 

 

Jan. 31

Balance c/d

 

11,000

 

 

 

56,000

 

 

 

56,000

 

 

 

 

 

 

 

 

                   

 

Computer Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 13

Cash A/c

 

20,000

Jan. 31

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Loan from Mehboob Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 15

Balance c/d

 

70,000

Jan. 15

Cash A/c

 

70,000

 

 

 

70,000

 

 

 

70,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 16

Ahmed & Co. A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 17

Mehfil Mart A/c

 

10,000

Jan. 31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Mehfil Mart Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

10,000

Jan. 17

Furniture A/c

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Interest on Loan Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 18

Cash A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Loss by Defect Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.19

Ahmed & Co.

 

1,000

Jan. 31

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.22

Bank A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

 

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Loss by Accident Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 26

Purchases

 

10,000

Jan. 31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Advertisement Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 27

Bank A/c

 

5,000

Jan. 31

Balance c/d

 

5,000

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Discount Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 28

Ahmed & Co.

 

1,000

Jan. 29

Gupta & Co.

 

2,000

Jan. 31

Balance c/d

 

1,000

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Sundry Income Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

500

Jan. 31

Cash A/c

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 



Page No 8.31:

Question 3:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

 

Jan.01

Cash A/c

Dr.

 

1,00,000

 

 

  To Capital A/c

 

 

 

1,00,000

 

(Business started with cash)

 

 

 

 

 

 

 

 

 

 

Jan.03

Purchases A/c

Dr.

 

20,000

 

 

  To Gupta & Co.

 

 

 

20,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Jan.05

Cash A/c

Dr.

 

5,000

 

 

  To Sales A/c

 

 

 

5,000

 

(Goods sold for Cash)

 

 

 

 

 

 

 

 

 

 

Jan.08

Purchases A/c

Dr.

 

8,000

 

 

  To Cash A/c

 

 

 

8,000

 

(Goods purchased for cash)

 

 

 

 

 

 

 

 

 

 

Jan.10

Ahmed & Co.

Dr.

 

10,000

 

 

  To Sales A/c

 

 

 

10,000

 

(Goods sold to Ahmed & Co. on credit)

 

 

 

 

 

 

 

 

 

 

Jan.11

Bank A/c

Dr.

 

50,000

 

 

  To Cash A/c

 

 

 

50,000

 

(Cash deposited into bank)

 

 

 

 

 

 

 

 

 

 

Jan.13

Computer A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Computer purchased for office)

 

 

 

 

 

 

 

 

 

 

Jan.15

Cash A/c

Dr.

 

70,000

 

 

  To Loan from Mehboob

 

 

 

70,000

 

(Loan taken from Mehboob)

 

 

 

 

 

 

 

 

 

 

 Jan.16

Sales Return A/c

Dr.

 

2,000

 

 

  To Ahmed & Co.

 

 

 

2,000

 

(Goods returned)

 

 

 

 

 

 

 

 

 

 

Jan.17

Furniture A/c

Dr.

 

10,000

 

 

  To Mehfil Mart

 

 

 

10,000

 

(Furniture purchased)

 

 

 

 

 

 

 

 

 

 

Jan.18

Interest on Loan A/c

Dr.

 

2,000

 

 

  To Cash A/c

 

 

 

2,000

 

(Interest paid on Loan)

 

 

 

 

 

 

 

 

 

 

Jan.19

Loss by Defect A/c

Dr.

 

1,000

 

 

  To Ahmed & Co.

 

 

 

1,000

 

(Claim accepted)

 

 

 

 

 

 

 

 

 

 

Jan.22

Rent A/c

Dr.

 

2,000

 

 

  To Bank A/c

 

 

 

2,000

 

(Rent paid by cheque)

 

 

 

 

 

 

 

 

 

 

Jan.24

Cash A/c

Dr.

 

20,000

 

 

  To Bank A/c

 

 

 

20,000

 

(Cash withdrawn from bank)

 

 

 

 

 

 

 

 

 

 

Jan.25

Cash A/c

Dr.

 

9,000

 

 

  To Sales A/c

 

 

 

9,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan.26

Loss by Accident A/c

Dr.

 

10,000

 

 

  To Purchases A/c

 

 

 

10,000

 

(Goods destroyed by accident)

 

 

 

 

 

 

 

 

 

 

Jan.27

Advertisement A/c

Dr.

 

5,000

 

 

  To Bank A/c

 

 

 

5,000

 

(Advertisement expenses paid through Bank)

 

 

 

 

 

 

 

 

 

 

Jan.28

Bank A/c

Dr.

 

6,000

 

 

Discount Allowed A/c

Dr.

 

1,000

 

 

  To Ahmed & Co.

 

 

 

7,000

 

(Final payment received)

 

 

 

 

 

 

 

 

 

 

Jan.29

Gupta & Co.

Dr.

 

20,000

 

 

  To Bank A/c

 

 

 

18,000

 

  To Discount Received A/c

 

 

 

2,000

 

(Final payment made to Gupta & Co.)

 

 

 

 

 

 

 

 

 

 

Jan.31

Cash A/c

Dr.

 

500

 

 

  To Sundry Income A/c

 

 

 

500

 

(Old newspapers were sold)

 

 

 

 

 

 

 

 

 

­­­­­­

                                                                                    Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 01

Capital A/c

 

1,00,000

Jan. 08

Purchases A/c

 

8,000

Jan. 05

Sales A/c

 

5,000

Jan. 11

Bank A/c

 

50,000

Jan. 15

Loan from Mehboob

 

70,000

Jan. 13

Computers A/c

 

20,000

Jan. 24

Bank A/c

 

20,000

Jan. 18

Interest on Loan

 

2,000

Jan. 25

Sales A/c

 

9,000

Jan. 31

Balance c/d

 

1,24,500

Jan. 31

Sundry Income A/c

 

500

 

 

 

 

 

 

 

2,04,500

 

 

 

2,04,500

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

1,00,000

Jan. 01

Cash A/c

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.03

Gupta & Co.

 

20,000

Jan. 26

Loss by Accident A/c

 

10,000

Jan. 08

Cash A/c

 

8,000

Jan. 31

Balance c/d

 

18,000

 

 

 

28,000

 

 

 

28,000

 

 

 

 

 

 

 

 

                   

 

Gupta & Co. Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 29

Bank A/c

 

18,000

Jan. 03

Purchases A/c

 

20,000

Jan. 29

Discount Received A/c

 

2,000

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

 

Jan. 05

Cash A/c

 

5,000

 

 

 

 

Jan. 10

Ahmed & Co.

 

10,000

 

 

 

 

Jan. 25

Cash A/c

 

9,000

 

 

 

24,000

 

 

 

24,000

 

 

 

 

 

 

 

 

                   

 

Ahmed & Co. 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 10

Sales A/c

 

10,000

Jan. 16

Sales Return A/c

 

2,000

 

 

 

 

Jan. 19

Loss by Defect A/c

 

1,000

 

 

 

 

Jan. 28

Bank A/c

 

6,000

 

 

 

 

Jan. 28

Discount Allowed A/c

 

1,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 11

Cash A/c

 

50,000

Jan. 22

Rent A/c

 

2,000

Jan. 28

Ahmed & Co.

 

6,000

Jan. 24

Cash A/c

 

20,000

 

 

 

 

Jan. 27

Advt. A/c

 

5,000

 

 

 

 

Jan. 29

Gupta & Co.

 

18,000

 

 

 

 

Jan. 31

Balance c/d

 

11,000

 

 

 

56,000

 

 

 

56,000

 

 

 

 

 

 

 

 

                   

 

Computer Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 13

Cash A/c

 

20,000

Jan. 31

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Loan from Mehboob Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 15

Balance c/d

 

70,000

Jan. 15

Cash A/c

 

70,000

 

 

 

70,000

 

 

 

70,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 16

Ahmed & Co. A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 17

Mehfil Mart A/c

 

10,000

Jan. 31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Mehfil Mart Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

10,000

Jan. 17

Furniture A/c

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Interest on Loan Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 18

Cash A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Loss by Defect Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.19

Ahmed & Co.

 

1,000

Jan. 31

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.22

Bank A/c

 

2,000

Jan. 31

Balance c/d

 

2,000

 

 

 

 

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Loss by Accident Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 26

Purchases

 

10,000

Jan. 31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Advertisement Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 27

Bank A/c

 

5,000

Jan. 31

Balance c/d

 

5,000

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Discount Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 28

Ahmed & Co.

 

1,000

Jan. 29

Gupta & Co.

 

2,000

Jan. 31

Balance c/d

 

1,000

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Sundry Income Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

500

Jan. 31

Cash A/c

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Answer:

Books of M/s. Bhanu Traders

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

 Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

1,50,000

 

 

To Capital A/c

 

 

1,50,000

 

(Commenced business with Cash)

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

50,000

 

 

To Cash A/c

 

 

50,000

 

(Opened a bank account with PNB and deposited Cash into bank)

 

 

 

 

 

 

 

 

April 03

Furniture A/c

Dr.

 

20,000

 

 

To Cash A/c

 

 

20,000

 

(Purchased furniture)

 

 

 

 

 

 

 

 

April 07

Purchase A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Bought goods in cash)

 

 

 

 

 

 

 

 

April 08

Purchase A/c

Dr.

 

42,000

 

 

 To M/s Hema Traders

 

 

42,000

 

(Purchased goods from M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 10

Cash A/c

Dr.

 

30,000

 

 

To Sales A/c

 

 

30,000

 

(Goods Sold for Cash)

 

 

 

 

 

 

 

 

April 14

M/s. Gupta Traders

Dr.

 

12,000

 

 

To Sales A/c

 

 

12,000

 

(Sold goods to M/s. Gupta Traders)

 

 

 

 

 

 

 

 

April 16

Rent A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Rent paid )

 

 

 

 

 

 

 

 

April 18

Trade Expenses A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Paid Trade Expenses)

 

 

 

 

 

 

 

 

April 20

Cash A/c

Dr.

 

12,000

 

 

To M/s. Gupta Traders

 

 

12,000

 

(Received cash from M/s. Gupta Traders)

 

 

 

 

 

 

 

 

April 22

M/s. Hema Traders A/c

Dr.

 

2,000

 

 

To Purchases Return A/c

 

 

2,000

 

(Goods returned to M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 23

M/s. Hema Traders

Dr.

 

40,000

 

 

To Cash

 

 

40,000

 

(Cash paid to M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 25

Postage Stamps A/c

Dr.

 

100

 

 

To Cash A/c

 

 

100

 

(Bought postage stamps)

 

 

 

 

 

 

 

 

April 30

Salary A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Paid Salary to Mohan)

 

 

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

1,50,000

April 02

Bank

 

50,000

April 10

Sales

 

30,000

April 03

Furniture

 

20,000

April 20

M/s. Gupta Traders

 

12,000

April 07

Purchases

 

30,000

 

 

 

 

April 16

Rent

 

4,000

 

 

 

 

April 18

Trade Expenses

 

1,000

 

 

 

 

April 23

M/s. Hema Traders

 

40,000

 

 

 

 

April 25

Postage Stamps

 

100

 

 

 

 

April 30

Salary

 

4,000

 

 

 

 

April 30

Balance c/d

 

42,900

 

 

 

1,92,000

 

 

 

1,92,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,50,000

April 01

Cash

 

1,50,000

 

 

 

1,50,000

 

 

 

1,50,000

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

50,000

April 30

Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Cash

 

20,000

April 30

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

30,000

 

 

 

 

April 08

M/s. Hema Traders

 

42,000

April 30

Balance c/d

 

72,000

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 10

Cash

 

30,000

April 30

Balance c/d

 

42,000

April 14

M/s. Gupta Traders

 

12,000

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

                   

 

M/s. Rupa Traders

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

30,000

April 07

Purchases

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

 

M/s. Hema Traders

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 22

Purchases Return

 

2,000

April 08

Purchases

 

42,000

April 23

Cash

 

40,000

 

 

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

                   

 

 

M/s. Gupta Traders

Dr.

 

Cr.

Date

 

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 14

Sales

 

12,000

April 20

Cash

 

12,000

 

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

 

                   

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,000

April 22

M/s Hema Traders

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Postage Stamp Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

100

April 30

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Trade Expense Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

April 18

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Page No 8.31:

Question 4:

Books of M/s. Bhanu Traders

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

 Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

1,50,000

 

 

To Capital A/c

 

 

1,50,000

 

(Commenced business with Cash)

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

50,000

 

 

To Cash A/c

 

 

50,000

 

(Opened a bank account with PNB and deposited Cash into bank)

 

 

 

 

 

 

 

 

April 03

Furniture A/c

Dr.

 

20,000

 

 

To Cash A/c

 

 

20,000

 

(Purchased furniture)

 

 

 

 

 

 

 

 

April 07

Purchase A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Bought goods in cash)

 

 

 

 

 

 

 

 

April 08

Purchase A/c

Dr.

 

42,000

 

 

 To M/s Hema Traders

 

 

42,000

 

(Purchased goods from M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 10

Cash A/c

Dr.

 

30,000

 

 

To Sales A/c

 

 

30,000

 

(Goods Sold for Cash)

 

 

 

 

 

 

 

 

April 14

M/s. Gupta Traders

Dr.

 

12,000

 

 

To Sales A/c

 

 

12,000

 

(Sold goods to M/s. Gupta Traders)

 

 

 

 

 

 

 

 

April 16

Rent A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Rent paid )

 

 

 

 

 

 

 

 

April 18

Trade Expenses A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Paid Trade Expenses)

 

 

 

 

 

 

 

 

April 20

Cash A/c

Dr.

 

12,000

 

 

To M/s. Gupta Traders

 

 

12,000

 

(Received cash from M/s. Gupta Traders)

 

 

 

 

 

 

 

 

April 22

M/s. Hema Traders A/c

Dr.

 

2,000

 

 

To Purchases Return A/c

 

 

2,000

 

(Goods returned to M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 23

M/s. Hema Traders

Dr.

 

40,000

 

 

To Cash

 

 

40,000

 

(Cash paid to M/s. Hema Traders)

 

 

 

 

 

 

 

 

April 25

Postage Stamps A/c

Dr.

 

100

 

 

To Cash A/c

 

 

100

 

(Bought postage stamps)

 

 

 

 

 

 

 

 

April 30

Salary A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Paid Salary to Mohan)

 

 

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

1,50,000

April 02

Bank

 

50,000

April 10

Sales

 

30,000

April 03

Furniture

 

20,000

April 20

M/s. Gupta Traders

 

12,000

April 07

Purchases

 

30,000

 

 

 

 

April 16

Rent

 

4,000

 

 

 

 

April 18

Trade Expenses

 

1,000

 

 

 

 

April 23

M/s. Hema Traders

 

40,000

 

 

 

 

April 25

Postage Stamps

 

100

 

 

 

 

April 30

Salary

 

4,000

 

 

 

 

April 30

Balance c/d

 

42,900

 

 

 

1,92,000

 

 

 

1,92,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,50,000

April 01

Cash

 

1,50,000

 

 

 

1,50,000

 

 

 

1,50,000

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

50,000

April 30

Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Cash

 

20,000

April 30

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

30,000

 

 

 

 

April 08

M/s. Hema Traders

 

42,000

April 30

Balance c/d

 

72,000

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 10

Cash

 

30,000

April 30

Balance c/d

 

42,000

April 14

M/s. Gupta Traders

 

12,000

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

                   

 

M/s. Rupa Traders

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

30,000

April 07

Purchases

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

 

M/s. Hema Traders

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 22

Purchases Return

 

2,000

April 08

Purchases

 

42,000

April 23

Cash

 

40,000

 

 

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

                   

 

 

M/s. Gupta Traders

Dr.

 

Cr.

Date

 

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 14

Sales

 

12,000

April 20

Cash

 

12,000

 

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

 

                   

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,000

April 22

M/s Hema Traders

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                   

 

Postage Stamp Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

100

April 30

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Trade Expense Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

April 18

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Answer:

Books of Ashok

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

50,000

 

 

Stock A/c

Dr.

 

30,000

 

 

Debtors

Dr.

 

50,000

 

 

Machinery A/c

Dr.

 

60,000

 

 

To Rajesh

 

 

30,000

 

To Capital A/c (Balancing Figure)

 

 

1,60,000

 

(Balance Brought forward)

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

7,000

 

 

To Sales A/c

 

 

7,000

 

(Sold Goods for Cash)

 

 

 

 

 

 

 

 

April 06

Sales Return A/c

Dr.

 

1,000

 

 

To Ram

 

 

1,000

 

(Goods returned)

 

 

 

 

 

 

 

 

April 10

Purchases A/c

Dr.

 

9,000

 

 

To Rajesh

 

 

9,000

 

(Bought goods from Rajesh)

 

 

 

 

 

 

 

 

April 15

Purchases A/c

Dr.

 

13,500

 

 

To Rakesh

 

 

8,100

 

To Cash

 

 

5,130

 

To Discount Received A/c

 

 

270

 

(Bought goods from Rakesh, 40% of price paid

 

 

 

 

immediately and availed 5% cash discount on payment)

 

 

 

 

 

 

 

 

April 20

Rajesh A/c

Dr.

 

39,000

 

 

To Cash A/c

 

 

38,600

 

To Discount Received

 

 

400

 

(Paid to Rajesh and discount received)

 

 

 

 

 

 

 

 

April 25

Drawings A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

(Paid Life Insurance Premium of Proprietor)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

2,000

 

 

To Commission A/c

 

 

2,000

 

(Received Commission)

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 15

Purchases

 

5,130

April 04

Sales

 

7,000

April 20

Rajesh

 

38,600

April 30

Commission

 

2,000

April 25

Drawings

 

500

 

 

 

 

April 30

Balance c/d

 

14,770

 

 

 

59,000

 

 

 

59,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,60,000

April 01

Balance b/d

 

1,60,000

 

 

 

1,60,000

 

 

 

1,60,000

 

 

 

 

 

 

 

 

 

 

Rakesh

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

8,100

April 15

Purchases

 

8,100

 

 

 

8,100

 

 

 

8,100

 

 

 

 

 

 

 

 

 

Stock Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

30,000

April 30

Balance c/d

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                     

 

Debtors (Ram, others) Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 06

Sales Return

 

1,000

 

 

 

 

April 30

Balance c/d

 

49,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Machinery Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

60,000

April 30

Balance c/d

 

60,000

 

 

 

60,000

 

 

 

60,000

 

 

 

 

 

 

 

 

                   

 

Rajesh Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Cash

 

38,600

April 01

Balance b/d

 

30,000

April 20

Discount Received

 

400

April 10

Purchases

 

9,000

 

 

 

39,000

 

 

 

39,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 06

Ram

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                     

 

Drawings Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

500

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                     

 

Commission Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,000

April 30

Cash

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                     

 

Discount Received

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 15

Rakesh

 

270

April 30

Balance c/d

 

670

April 20

Rajesh

 

400

 

 

 

670

 

 

 

670

 

 

 

 

 

 

 

 

                     

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

April 10

Rajesh

 

9,000

 

 

 

 

April 15

Rakesh

 

8,100

 

 

 

 

 

Cash A/c

 

5,130

 

 

 

 

 

Discount Received A/c

 

270

April 30

Balance c/d

 

22,500

 

 

 

22,500

 

 

 

22,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,000

April 04

Cash A/c

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

 



Page No 8.32:

Question 5:

Books of Ashok

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

50,000

 

 

Stock A/c

Dr.

 

30,000

 

 

Debtors

Dr.

 

50,000

 

 

Machinery A/c

Dr.

 

60,000

 

 

To Rajesh

 

 

30,000

 

To Capital A/c (Balancing Figure)

 

 

1,60,000

 

(Balance Brought forward)

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

7,000

 

 

To Sales A/c

 

 

7,000

 

(Sold Goods for Cash)

 

 

 

 

 

 

 

 

April 06

Sales Return A/c

Dr.

 

1,000

 

 

To Ram

 

 

1,000

 

(Goods returned)

 

 

 

 

 

 

 

 

April 10

Purchases A/c

Dr.

 

9,000

 

 

To Rajesh

 

 

9,000

 

(Bought goods from Rajesh)

 

 

 

 

 

 

 

 

April 15

Purchases A/c

Dr.

 

13,500

 

 

To Rakesh

 

 

8,100

 

To Cash

 

 

5,130

 

To Discount Received A/c

 

 

270

 

(Bought goods from Rakesh, 40% of price paid

 

 

 

 

immediately and availed 5% cash discount on payment)

 

 

 

 

 

 

 

 

April 20

Rajesh A/c

Dr.

 

39,000

 

 

To Cash A/c

 

 

38,600

 

To Discount Received

 

 

400

 

(Paid to Rajesh and discount received)

 

 

 

 

 

 

 

 

April 25

Drawings A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

(Paid Life Insurance Premium of Proprietor)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

2,000

 

 

To Commission A/c

 

 

2,000

 

(Received Commission)

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 15

Purchases

 

5,130

April 04

Sales

 

7,000

April 20

Rajesh

 

38,600

April 30

Commission

 

2,000

April 25

Drawings

 

500

 

 

 

 

April 30

Balance c/d

 

14,770

 

 

 

59,000

 

 

 

59,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,60,000

April 01

Balance b/d

 

1,60,000

 

 

 

1,60,000

 

 

 

1,60,000

 

 

 

 

 

 

 

 

 

 

Rakesh

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

8,100

April 15

Purchases

 

8,100

 

 

 

8,100

 

 

 

8,100

 

 

 

 

 

 

 

 

 

Stock Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

30,000

April 30

Balance c/d

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                     

 

Debtors (Ram, others) Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 06

Sales Return

 

1,000

 

 

 

 

April 30

Balance c/d

 

49,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Machinery Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

60,000

April 30

Balance c/d

 

60,000

 

 

 

60,000

 

 

 

60,000

 

 

 

 

 

 

 

 

                   

 

Rajesh Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Cash

 

38,600

April 01

Balance b/d

 

30,000

April 20

Discount Received

 

400

April 10

Purchases

 

9,000

 

 

 

39,000

 

 

 

39,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 06

Ram

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                     

 

Drawings Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

500

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                     

 

Commission Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,000

April 30

Cash

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

                     

 

Discount Received

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 15

Rakesh

 

270

April 30

Balance c/d

 

670

April 20

Rajesh

 

400

 

 

 

670

 

 

 

670

 

 

 

 

 

 

 

 

                     

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

April 10

Rajesh

 

9,000

 

 

 

 

April 15

Rakesh

 

8,100

 

 

 

 

 

Cash A/c

 

5,130

 

 

 

 

 

Discount Received A/c

 

270

April 30

Balance c/d

 

22,500

 

 

 

22,500

 

 

 

22,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,000

April 04

Cash A/c

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

 

Answer:

Books of M/s Gupta Brothers

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

Mar.01

Cash A/c

Dr.

 

2,00,000

 

 

To Capital A/c

 

 

2,00,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

Mar.02

Bank A/c

Dr.

 

80,000

 

 

To Cash A/c

 

 

80,000

 

(Opened Bank account with SBI)

 

 

 

 

 

 

 

 

Mar.04

Purchases A/c

Dr.

 

22,000

 

 

To Raj

 

 

22,000

 

(Purchased goods from Raj)

 

 

 

 

 

 

 

 

Mar.05

Purchases A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Purchased goods for Cash)

 

 

 

 

 

 

 

 

Mar.08

Naman A/c

Dr.

 

12,000

 

 

To Sales A/c

 

 

12,000

 

(Sold good to Naman)

 

 

 

 

 

 

 

 

Mar.10

Raj

Dr.

 

22,000

 

 

To Cash A/c

 

 

22,000

 

(Cash Paid to Raj)

 

 

 

 

 

 

 

 

Mar.15

Cash A/c

Dr.

 

11,700

 

 

Discount Allowed A/c

Dr.

 

300

 

 

To Naman

 

 

12,000

 

(Cash received from Naman and discount allowed)

 

 

 

 

 

 

 

 

Mar.16

Wages A/c

Dr.

 

200

 

 

To Cash

 

 

200

 

(Paid Wages)

 

 

 

 

 

 

 

 

Mar.18

Furniture A/c

Dr.

 

5,000

 

 

To Cash

 

 

5,000

 

(Purchased furniture for office use)

 

 

 

 

 

 

 

 

Mar.20

Drawings A/c

Dr.

 

4,000

 

 

To Bank A/c

 

 

4,000

 

(Withdrawn from bank for personal use)

 

 

 

 

 

 

 

 

Mar.22

Rent A/c

Dr.

 

3,000

 

 

To Bank A/c

 

 

3,000

 

(Paid Rent through cheque)

 

 

 

 

 

 

 

 

Mar.23

Drawings A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

(Goods taken for personal use)

 

 

 

 

 

 

 

 

Mar.24

Cash A/c

Dr.

 

6,000

 

 

To Bank

 

 

6,000

 

(Cash withdrawn from bank)

 

 

 

 

 

 

 

 

Mar.26

Cash A/c

Dr.

 

1,000

 

 

To Commission A/c

 

 

1,000

 

(Cash received for commission)

 

 

 

 

 

 

 

 

Mar.27

Bank Charges A/c

Dr.

 

300

 

 

To Bank A/c

 

 

300

 

(Bank Charges debited )

 

 

 

 

 

 

 

 

Mar.28

Insurance Premium A/c

Dr.

 

3,000

 

 

To Bank

 

 

3,000

 

(Insurance Premium paid)

 

 

 

 

 

 

 

 

Mar.29

 Salary A/c

Dr.

 

10,000

 

 

To Cash A/c

 

 

10,000

 

(Paid Salary)

 

 

 

 

 

 

 

 

Mar.30

Cash A/c

Dr.

 

20,000

 

 

To Sales A/c

 

 

20,000

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.01

Capital

 

2,00,000

Mar.02

Bank

 

80,000

Mar.15

Naman

 

11,700

Mar.05

Purchases

 

30,000

Mar.24

Bank

 

6,000

Mar.10

Raj

 

22,000

Mar.26

Commission

 

1,000

Mar.16

Wages

 

200

Mar.30

Sales

 

20,000

Mar.18

Furniture

 

5,000

 

 

 

 

Mar.29

Salary

 

10,000

 

 

 

 

Mar.31

Balance c/d

 

91,500

 

 

 

2,38,700

 

 

 

2,38,700

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.02

Cash

 

80,000

Mar.20

Drawings

 

4,000

 

 

 

 

Mar.22

Rent

 

3,000

 

 

 

 

Mar.24

Cash

 

6,000

 

 

 

 

Mar.27

Bank Charges

 

300

 

 

 

 

Mar.28

Insurance Premium

 

3,000

 

 

 

 

Mar.31

Balance C/d

 

63,700

 

 

 

80,000

 

 

 

80,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

2016

 

 

 

2016

 

 

 

 

Mar.31

Balance c/d

 

2,00,000

Mar.01

Cash

 

2,00,000

 

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

 

 

 

 

 

 

                     

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

Mar.04

Raj

 

22,000

Mar.23

Drawings

 

2,000

Mar.05

Cash

 

30,000

Mar.31

Balance c/d

 

50,000

 

 

 

52,000

 

 

 

52,000

 

 

 

 

 

 

 

 

                   

 

Raj Account

 

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

 (Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.10

Cash

 

22,000

Mar.04

Purchase

 

22,000

 

 

 

22,000

 

 

 

22,000

 

 

 

 

 

 

 

 

                     

 

Sales Account

 

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.08

Naman

 

12,000

Mar.31

Balance c/d

 

32,000

Mar.30

Cash

 

20,000

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

                     

 

 

Naman

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.08

Sales

 

12,000

Mar.15

Cash

 

11,700

 

 

 

 

 

Discount Allowed

 

300

 

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.15

Naman

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

Mar.16

Cash

 

200

Mar.31

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

                   

 

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.18

Cash

 

5,000

Mar.31

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.20

Bank

 

4,000

 

 

 

 

Mar.23

Purchases A/c

 

2,000

Mar.31

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

 

Commission Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

Mar.31

Balance c/d

 

1,000

Mar.26

Cash

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Bank Charges Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.22

Bank A/c

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.22

Bank

 

3,000

Mar.22

Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

Insurance Premium Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.28

Bank

 

3,000

Mar.31

Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

 

Salary Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.29

Cash

 

10,000

Mar.31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Page No 8.32:

Question 6:

Books of M/s Gupta Brothers

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

Mar.01

Cash A/c

Dr.

 

2,00,000

 

 

To Capital A/c

 

 

2,00,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

Mar.02

Bank A/c

Dr.

 

80,000

 

 

To Cash A/c

 

 

80,000

 

(Opened Bank account with SBI)

 

 

 

 

 

 

 

 

Mar.04

Purchases A/c

Dr.

 

22,000

 

 

To Raj

 

 

22,000

 

(Purchased goods from Raj)

 

 

 

 

 

 

 

 

Mar.05

Purchases A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Purchased goods for Cash)

 

 

 

 

 

 

 

 

Mar.08

Naman A/c

Dr.

 

12,000

 

 

To Sales A/c

 

 

12,000

 

(Sold good to Naman)

 

 

 

 

 

 

 

 

Mar.10

Raj

Dr.

 

22,000

 

 

To Cash A/c

 

 

22,000

 

(Cash Paid to Raj)

 

 

 

 

 

 

 

 

Mar.15

Cash A/c

Dr.

 

11,700

 

 

Discount Allowed A/c

Dr.

 

300

 

 

To Naman

 

 

12,000

 

(Cash received from Naman and discount allowed)

 

 

 

 

 

 

 

 

Mar.16

Wages A/c

Dr.

 

200

 

 

To Cash

 

 

200

 

(Paid Wages)

 

 

 

 

 

 

 

 

Mar.18

Furniture A/c

Dr.

 

5,000

 

 

To Cash

 

 

5,000

 

(Purchased furniture for office use)

 

 

 

 

 

 

 

 

Mar.20

Drawings A/c

Dr.

 

4,000

 

 

To Bank A/c

 

 

4,000

 

(Withdrawn from bank for personal use)

 

 

 

 

 

 

 

 

Mar.22

Rent A/c

Dr.

 

3,000

 

 

To Bank A/c

 

 

3,000

 

(Paid Rent through cheque)

 

 

 

 

 

 

 

 

Mar.23

Drawings A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

(Goods taken for personal use)

 

 

 

 

 

 

 

 

Mar.24

Cash A/c

Dr.

 

6,000

 

 

To Bank

 

 

6,000

 

(Cash withdrawn from bank)

 

 

 

 

 

 

 

 

Mar.26

Cash A/c

Dr.

 

1,000

 

 

To Commission A/c

 

 

1,000

 

(Cash received for commission)

 

 

 

 

 

 

 

 

Mar.27

Bank Charges A/c

Dr.

 

300

 

 

To Bank A/c

 

 

300

 

(Bank Charges debited )

 

 

 

 

 

 

 

 

Mar.28

Insurance Premium A/c

Dr.

 

3,000

 

 

To Bank

 

 

3,000

 

(Insurance Premium paid)

 

 

 

 

 

 

 

 

Mar.29

 Salary A/c

Dr.

 

10,000

 

 

To Cash A/c

 

 

10,000

 

(Paid Salary)

 

 

 

 

 

 

 

 

Mar.30

Cash A/c

Dr.

 

20,000

 

 

To Sales A/c

 

 

20,000

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.01

Capital

 

2,00,000

Mar.02

Bank

 

80,000

Mar.15

Naman

 

11,700

Mar.05

Purchases

 

30,000

Mar.24

Bank

 

6,000

Mar.10

Raj

 

22,000

Mar.26

Commission

 

1,000

Mar.16

Wages

 

200

Mar.30

Sales

 

20,000

Mar.18

Furniture

 

5,000

 

 

 

 

Mar.29

Salary

 

10,000

 

 

 

 

Mar.31

Balance c/d

 

91,500

 

 

 

2,38,700

 

 

 

2,38,700

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.02

Cash

 

80,000

Mar.20

Drawings

 

4,000

 

 

 

 

Mar.22

Rent

 

3,000

 

 

 

 

Mar.24

Cash

 

6,000

 

 

 

 

Mar.27

Bank Charges

 

300

 

 

 

 

Mar.28

Insurance Premium

 

3,000

 

 

 

 

Mar.31

Balance C/d

 

63,700

 

 

 

80,000

 

 

 

80,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

2016

 

 

 

2016

 

 

 

 

Mar.31

Balance c/d

 

2,00,000

Mar.01

Cash

 

2,00,000

 

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

 

 

 

 

 

 

                     

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

Mar.04

Raj

 

22,000

Mar.23

Drawings

 

2,000

Mar.05

Cash

 

30,000

Mar.31

Balance c/d

 

50,000

 

 

 

52,000

 

 

 

52,000

 

 

 

 

 

 

 

 

                   

 

Raj Account

 

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

 (Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.10

Cash

 

22,000

Mar.04

Purchase

 

22,000

 

 

 

22,000

 

 

 

22,000

 

 

 

 

 

 

 

 

                     

 

Sales Account

 

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.08

Naman

 

12,000

Mar.31

Balance c/d

 

32,000

Mar.30

Cash

 

20,000

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

                     

 

 

Naman

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.08

Sales

 

12,000

Mar.15

Cash

 

11,700

 

 

 

 

 

Discount Allowed

 

300

 

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.15

Naman

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

Mar.16

Cash

 

200

Mar.31

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

                   

 

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.18

Cash

 

5,000

Mar.31

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.20

Bank

 

4,000

 

 

 

 

Mar.23

Purchases A/c

 

2,000

Mar.31

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

 

Commission Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

           

2016

 

 

 

Mar.31

Balance c/d

 

1,000

Mar.26

Cash

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Bank Charges Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.22

Bank A/c

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.22

Bank

 

3,000

Mar.22

Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

Insurance Premium Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.28

Bank

 

3,000

Mar.31

Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

 

Salary Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.29

Cash

 

10,000

Mar.31

Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Answer:

Books of M/s. Ram Lal & Co.

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

300

 

 

Bank A/c

Dr.

 

7,000

 

 

Zahir

Dr.

 

800

 

 

Stock A/c

Dr.

 

4,000

 

 

Sharma A/c

Dr.

 

1,500

 

 

To Bills Payable A/c

 

 

1,000

 

To Gobind

 

 

2,000

 

To Ramlal

 

 

900

 

To Capital A/c

 

 

9,700

 

(Balance brought forwarded from last month)

 

 

 

 

 

 

 

 

April 02

Purchases A/c

Dr.

 

900

 

 

To Gobind

 

 

900

 

(Bought goods from Gobind)

 

 

 

 

 

 

 

 

April 03

Sharma A/c

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to Sharma)

 

 

 

 

 

 

 

 

April 05

Purchases A/c

Dr.

 

1,200

 

 

To Ramlal A/c

 

 

1,200

 

(Bought goods from Ramlal)

 

 

 

 

 

 

 

 

April 08

Zahir

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Sold goods to Zahir)

 

 

 

 

 

 

 

 

April 15

Gobind A/c

Dr.

 

1,500

 

 

To Bank A/c

 

 

1,500

 

(Paid to Gobind by cheque)

 

 

 

 

 

 

 

 

April 18

Bank A/c

Dr.

 

2,000

 

 

Discount Allowed A/c

Dr.

 

50

 

 

To Sharma

 

 

2,050

 

(Received from Sharma and Discount allowed)

 

 

 

 

 

 

 

 

April 20

Sharma A/c

Dr.

 

800

 

 

To Sales A/c

 

 

800

 

(Sold goods to Sharma)

 

 

 

 

 

 

 

 

April 20

Rent A/c

Dr.

 

150

 

 

To Bank A/c

 

 

150

 

(Paid Rent by cheque)

 

 

 

 

 

 

 

 

April 25

Zahir

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to Zahir)

 

 

 

 

 

 

 

 

April 30

Salaries A/c

Dr.

 

300

 

 

To Cash A/c

 

 

300

 

(Paid Salaries in Cash)

 

 

 

 

 

 

 

 

             

 

 

Ledgers

Cash Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

300

April 30

Salaries

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

7,000

April 15

Gobind

 

1,500

April 18

Sharma

 

2,000

April 20

Rent

 

150

 

 

 

 

April 30

Balance c/d

 

7,350

 

 

 

9,000

 

 

 

9,000

 

 

 

 

 

 

 

 

                   

 

Zahir

Dr.

 

Cr.

Date

Particulars

L.F

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

800

 

 

 

 

April 08

Sales

 

500

April 30

Balance c/d

 

2,300

April 25

Sales

 

1,000

 

 

 

 

 

 

 

2,300

 

 

 

2,300

 

 

 

 

 

 

 

 

                   

 

Stock Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

 Gobind

 

900

 

 

 

 

April 05

 Ramlal

 

1,200

April 20

Balance c/d

 

2,100

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 03

Shama

 

1,000

 

 

 

 

April 08

Zahir

 

500

 

 

 

 

April 20

Sharma

 

800

April 30

Balance c/d

 

3,300

April 25

Zahir

 

1,000

 

 

 

3,300

 

 

 

3,300

 

 

 

 

 

 

 

 

                   

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

300

April 30

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 18

Sharma

 

50

 

 

 

 

 

 

 

 

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

 

 

Rent Account

 

 

Dr.

 

 

Cr.

 

 

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

 

 

2016

 

 

 

2016

 

 

 

 

 

April 20

Bank

 

150

April 30

Balance c/d

 

150

 

 

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

 

 

 

Sharma

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

1,500

April 18

Bank

 

2,000

April 03

Sales

 

1,000

April 18

Discount Allowed

 

50

April 23

Sales

 

800

April 30

Balance c/d

 

1,250

 

 

 

3,300

 

 

 

3,300

 

 

 

 

 

 

 

 

                                             

 

Bills Payable Account

Dr.

 

Cr.

Dated

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,000

April 01

Balance b/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Gobind Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 15

Bank

 

1,500

April 01

Balance b/d

 

2,500

April 30

Balance c/d

 

1,400

April 02

Purchase

 

400

 

 

 

2,900

 

 

 

2,900

 

 

 

 

 

 

 

 

                   

 

Ram Lal Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,100

April 01

Balance b/d

 

900

 

 

 

 

April 05

Purchases

 

1,200

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

9,700

April 01

Balance b/d

 

9,700

 

 

 

9,700

 

 

 

9,700

 

 

 

 

 

 

 

 

 

Trial Balance

Particulars

Debit Amount

(Rs)

Credit Amount

(Rs)

Bank Account

7,350

 

Zahir

2,300

 

Stock

4,000

 

Sharma

1,250

 

Bills Payable

 

1,000

Gobind

 

1,400

Ram Lal

 

2,100

Capital

 

9,700

Purchases

2,100

 

Sales

 

3,300

Salaries

300

 

Discount Allowed

50

 

Rent

150

 

 

17,500

17,500

 

 

 

 

Page No 8.32:

Question 7:

Books of M/s. Ram Lal & Co.

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

300

 

 

Bank A/c

Dr.

 

7,000

 

 

Zahir

Dr.

 

800

 

 

Stock A/c

Dr.

 

4,000

 

 

Sharma A/c

Dr.

 

1,500

 

 

To Bills Payable A/c

 

 

1,000

 

To Gobind

 

 

2,000

 

To Ramlal

 

 

900

 

To Capital A/c

 

 

9,700

 

(Balance brought forwarded from last month)

 

 

 

 

 

 

 

 

April 02

Purchases A/c

Dr.

 

900

 

 

To Gobind

 

 

900

 

(Bought goods from Gobind)

 

 

 

 

 

 

 

 

April 03

Sharma A/c

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to Sharma)

 

 

 

 

 

 

 

 

April 05

Purchases A/c

Dr.

 

1,200

 

 

To Ramlal A/c

 

 

1,200

 

(Bought goods from Ramlal)

 

 

 

 

 

 

 

 

April 08

Zahir

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Sold goods to Zahir)

 

 

 

 

 

 

 

 

April 15

Gobind A/c

Dr.

 

1,500

 

 

To Bank A/c

 

 

1,500

 

(Paid to Gobind by cheque)

 

 

 

 

 

 

 

 

April 18

Bank A/c

Dr.

 

2,000

 

 

Discount Allowed A/c

Dr.

 

50

 

 

To Sharma

 

 

2,050

 

(Received from Sharma and Discount allowed)

 

 

 

 

 

 

 

 

April 20

Sharma A/c

Dr.

 

800

 

 

To Sales A/c

 

 

800

 

(Sold goods to Sharma)

 

 

 

 

 

 

 

 

April 20

Rent A/c

Dr.

 

150

 

 

To Bank A/c

 

 

150

 

(Paid Rent by cheque)

 

 

 

 

 

 

 

 

April 25

Zahir

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to Zahir)

 

 

 

 

 

 

 

 

April 30

Salaries A/c

Dr.

 

300

 

 

To Cash A/c

 

 

300

 

(Paid Salaries in Cash)

 

 

 

 

 

 

 

 

             

 

 

Ledgers

Cash Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

300

April 30

Salaries

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

7,000

April 15

Gobind

 

1,500

April 18

Sharma

 

2,000

April 20

Rent

 

150

 

 

 

 

April 30

Balance c/d

 

7,350

 

 

 

9,000

 

 

 

9,000

 

 

 

 

 

 

 

 

                   

 

Zahir

Dr.

 

Cr.

Date

Particulars

L.F

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

800

 

 

 

 

April 08

Sales

 

500

April 30

Balance c/d

 

2,300

April 25

Sales

 

1,000

 

 

 

 

 

 

 

2,300

 

 

 

2,300

 

 

 

 

 

 

 

 

                   

 

Stock Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

 Gobind

 

900

 

 

 

 

April 05

 Ramlal

 

1,200

April 20

Balance c/d

 

2,100

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 03

Shama

 

1,000

 

 

 

 

April 08

Zahir

 

500

 

 

 

 

April 20

Sharma

 

800

April 30

Balance c/d

 

3,300

April 25

Zahir

 

1,000

 

 

 

3,300

 

 

 

3,300

 

 

 

 

 

 

 

 

                   

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

300

April 30

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 18

Sharma

 

50

 

 

 

 

 

 

 

 

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

 

 

Rent Account

 

 

Dr.

 

 

Cr.

 

 

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

 

 

2016

 

 

 

2016

 

 

 

 

 

April 20

Bank

 

150

April 30

Balance c/d

 

150

 

 

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

 

 

 

Sharma

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

1,500

April 18

Bank

 

2,000

April 03

Sales

 

1,000

April 18

Discount Allowed

 

50

April 23

Sales

 

800

April 30

Balance c/d

 

1,250

 

 

 

3,300

 

 

 

3,300

 

 

 

 

 

 

 

 

                                             

 

Bills Payable Account

Dr.

 

Cr.

Dated

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,000

April 01

Balance b/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Gobind Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 15

Bank

 

1,500

April 01

Balance b/d

 

2,500

April 30

Balance c/d

 

1,400

April 02

Purchase

 

400

 

 

 

2,900

 

 

 

2,900

 

 

 

 

 

 

 

 

                   

 

Ram Lal Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

2,100

April 01

Balance b/d

 

900

 

 

 

 

April 05

Purchases

 

1,200

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

9,700

April 01

Balance b/d

 

9,700

 

 

 

9,700

 

 

 

9,700

 

 

 

 

 

 

 

 

 

Trial Balance

Particulars

Debit Amount

(Rs)

Credit Amount

(Rs)

Bank Account

7,350

 

Zahir

2,300

 

Stock

4,000

 

Sharma

1,250

 

Bills Payable

 

1,000

Gobind

 

1,400

Ram Lal

 

2,100

Capital

 

9,700

Purchases

2,100

 

Sales

 

3,300

Salaries

300

 

Discount Allowed

50

 

Rent

150

 

 

17,500

17,500

 

 

 

 

Answer:

Books of Rajesh Prabhu

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount (Rs)

2016

 

 

 

 

April 01

Premises A/c

Dr.

 

2,00,000

 

 

Delivery Van A/c

Dr.

 

50,000

 

 

Fixtures A/c

Dr.

 

5,000

 

 

Stock A/c

Dr.

 

75,000

 

 

Hariharan

Dr.

 

30,000

 

 

Rajan

Dr.

 

50,000

 

 

Bank A/c

Dr.

 

45,000

 

 

Cash A/c

Dr.

 

15,000

 

 

To Jawahar

 

 

1,00,000

 

To Vikas

 

 

45,000

 

To Telephone Expenses Payable A/c

 

 

4,000

 

To Expenses Payable A/c

 

 

5,000

 

To Capital A/c (Balancing Figure)

 

 

3,16,000

 

(Balance forwarded from the last month)

 

 

 

 

 

 

 

 

April 01

Rent A/c

Dr.

 

5,000

 

 

To Bank A/c

 

 

5,000

 

(Rent paid by cheque)

 

 

 

 

 

 

 

 

April 02

Purchases A/c

Dr.

 

30,000

 

 

To Prabhat

 

 

15,000

 

To Rajhans

 

 

8,000

 

To Passi

 

 

7,000

 

(Goods purchased from Prabhat, Rajhans and Passi)

 

 

 

 

 

 

 

 

April 03

Rakesh

Dr.

 

17,000

 

 

Devender

Dr.

 

5,000

 

 

Lalit

Dr.

 

8,000

 

 

Vijay

Dr.

 

6,000

 

 

To Sales A/c

 

 

36,000

 

(Sold goods to Rakesh, Devender, Lalit and Vijay )

 

 

 

 

 

 

 

 

April 04

Delivery Van Expenses A/c

Dr.

 

5,700

 

 

To Cash A/c

 

 

5,700

 

(Paid for petrol expenses of Delivery Van)

 

 

 

 

 

 

 

 

April 05

Drawings A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Cash drawn by proprietor)

 

 

 

 

 

 

 

 

April 07

Salaries A/c

Dr.

 

7,000

 

 

To Cash A/c

 

 

7,000

 

(Paid salaries)

 

 

 

 

 

 

 

 

April 09

Cash A/c

Dr.

 

5,000

 

 

To Sales A/c

 

 

5,000

 

(Goods Sold for Cash)

 

 

 

 

 

 

 

 

April 11

Sales Return A/c

Dr.

 

5,000

 

 

To Rakesh

 

 

4,000

 

To Vijay

 

 

1,000

 

(Goods returned by Rakesh and Vijay)

 

 

 

 

 

 

 

 

April 12

Bank A/c

Dr.

 

60,000

 

 

To Hariharan

 

 

20,000

 

To Rajan

 

 

40,000

 

(Received Cheques from Hariharan and Rajan)

 

 

 

 

 

 

 

 

April 16

Prabhat

Dr.

 

4,000

 

 

Rajhans

Dr.

 

1,000

 

 

To Purchases Return

 

 

5,000

 

(Goods returned to Prabhat and Rajhans)

 

 

 

 

 

 

 

 

April 20

Jawahar

Dr.

 

50,000

 

 

Vikas

Dr.

 

10,000

 

 

To Bank A/c

 

 

60,000

 

(Cheques issued to Jawahar and Vikas)

 

 

 

 

 

 

 

 

April 22

Bank A/c

Dr.

 

20,000

 

 

To Hariharan

 

 

10,000

 

To Rajan

 

 

10,000

 

(Received Cheques from Hariharan and Rajan)

 

 

 

 

 

 

 

 

April 22

Cheque-in-hand A/c

Dr.

 

15,000

 

 

To Rakesh

 

 

10,000

 

To Devender

 

 

5,000

 

(Cheques Received from Rakesh and Devender which are dated. 15 May 2012)

 

 

 

 

 

 

 

 

April 24

Bank A/c

Dr.

 

14,914

 

 

Interest A/c

Dr.

 

86

 

 

To Cheque-in-hand A/c

 

 

15,000

 

(Rakesh and Devender’s Cheque discounted with bank at interest of  10% p.a

 

 

 

 

[15,000 × 10% × (21/365)])

 

 

 

 

 

 

 

 

April 25

Cash A/c

Dr.

 

7,800

 

 

Discount A/c

Dr.

 

200

 

 

To Lalit

 

 

8,000

 

(Cash Received from Lalit and discount allowed)

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

15,000

April 04

Delivery Van Exp.

 

5,700

April 09

Sales

 

5,000

April 05

Drawings

 

4,000

April 18

Lalit

 

7,800

April 07

Salaries

 

7,000

 

 

 

 

April 30

Balance c/d

 

11,100

 

 

 

27,800

 

 

 

27,800

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

45,000

April 01

Rent

 

5,000

April 12

Hari Haran

 

20,000

April 20

Jawahar

 

50,000

April 12

Rajan

 

40,000

April 20

Vikas

 

10,000

April 22

Hari Haran

 

10,000

April 30

Balance c/d

 

74,914

April 22

Rajan

 

10,000

 

 

 

 

April 24

Cheque in Hand

 

14,914

 

 

 

 

 

 

 

1,39,914

 

 

 

1,39,914

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

3,16,000

April 01

Balance b/d

 

3,16,000

 

 

 

3,16,000

 

 

 

3,16,000

 

 

 

 

 

 

 

 

                   

 

 

Premises Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

2,00,000

April 30

Balance c/d

 

2,00,000

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

 

 

 

 

                   

 

Delivery Van Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 30

Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Fixture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

5,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

75,000

April 30

Balance c/d

 

75,000

 

 

 

75,000

 

 

 

75,000

 

 

 

 

 

 

 

 

                   

 

 

Hariharan

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

30,000

April 12

Bank

 

20,000

 

 

 

 

April 22

Bank

 

10,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

 

Rajan

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 12

Bank

 

40,000

 

 

 

 

April  22

Bank

 

10,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

 

Jawahar

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Bank

 

50,000

April 01

Balance b/d

 

1,00,000

April 30

Balance c/d

 

50,000

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

 

Vikas

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Bank

 

10,000

April 01

Balance b/d

 

45,000

April 30

Balance c/d

 

35,000

 

 

 

 

 

 

 

45,000

 

 

 

45,000

 

 

 

 

 

 

 

 

                   

 

 

Telephone Expense Payable Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

4,000

April 01

Balance b/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Expenses Payable Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

5,000

April 01

Balance b/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Bank A/c

 

5,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Prabhat

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Purchases Returns

 

4,000

April 02

Purchases A/c

 

15,000

April 30

Balance c/d

 

11,000

 

 

 

 

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

7,000

April 30

Balance c/d

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 11

Rakesh

 

4,000

 

 

 

 

 

Vijay

 

1,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

5,000

April 16

Prabhat

 

4,000

 

 

 

 

 

Rajhans

 

1,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Interest Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 24

Cheque in Hand

 

86

April 30

Balance c/d

 

86

 

 

 

86

 

 

 

86

 

 

 

 

 

 

 

 

                   

 

Discount Account

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Lalit

 

200

April 30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 03

Rakesh

 

17,000

 

 

 

 

April 03

Devender

 

5,000

 

 

 

 

April 03

Lalit

 

8,000

 

 

 

 

April 03

Vijay

 

6,000

April 30

Balance c/d

 

41,000

April 09

Cash

 

5,000

 

 

 

41,000

 

 

 

41,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Prabhat

 

15,000

 

 

 

 

April 02

Rajhans

 

8,000

 

 

 

 

April 02

Passi

 

7,000

April 30

Balance c/d

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

Cheque in Hand Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 22

Rakesh

 

10,000

April 24

Bank

 

14,912

April 24

Devender

 

5,000

April 24

Interest

 

88

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Lalit

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

8,000

April 25

Cash

 

7,800

 

 

 

 

April 25

Discount

 

200

 

 

 

8,000

 

 

 

8,000

 

 

 

 

 

 

 

 

                   

 

 

Vijay

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

6,000

April 11

Sales Return

 

1,000

 

 

 

 

April 30

Balance c/d

 

5,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

Delivery Van Expenses A/c

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 04

Cash

 

5,700

April 30

Balance c/d

 

5,700

 

 

 

5,700

 

 

 

5,700

 

 

 

 

 

 

 

 

                   

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 05

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Rajhans

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Purchase Return

 

1,000

April 02

Purchases

 

8,000

April 30

Balance c/d

 

7,000

 

 

 

 

 

 

 

8,000

 

 

 

8,000

 

 

 

 

 

 

 

 

                   

 

 

Passi

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,000

April 02

Purchases

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

                   

 

 

Rakesh

Dr

 

Cr

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

17,000

April 11

Sales Return

 

4,000

 

 

 

 

April 22

Cheque-in-hand

 

10,000

 

 

 

 

April 30

Balance c/d

 

3,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

                   

 

 

Devender

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

5,000

April 22

Cheque-in-hand

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

S. No.

Account Title

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Cash

 

11,100

 

(ii)

Bank

 

74,914

 

(iii)

Capital

 

 

3,16,000

(iv)

Premises

 

2,00,000

 

(v)

Deliver Van

 

50,000

 

(vi)

Fixtures

 

5,000

 

(Vii)

Stock

 

75,000

 

(viii)

Raj Hans

 

 

7,000

(ix)

Passi

 

 

7,000

(x)

Rakesh

 

3,000

 

(xi)

Vijay

 

5,000

 

(xii)

Delivery Van Expenses

 

5,700

 

(xiii)

Drawings

 

4,000

 

(xiv)

Expense Payable Account

 

 

5,000

(xv)

Rent

 

5,000

 

(xvi)

Purchases

 

30,000

 

(xvii)

Prabhat

 

 

11,000

(xviii)

Jawahar

 

 

50,000

(xix)

Vikas

 

 

35,000

(xx)

Telephone Expense Payable

 

 

4,000

(xxi)

Sales

 

 

41,000

(xxii)

Salaries

 

7,000

 

(xxiii)

Sales Return

 

5,000

 

(xxiv)

Purchases Return

 

 

5,000

(xxv)

Interest

 

86

 

(xxvi)

Discount

 

200

 

 

 

 

4,81,000

4,81,000

 

 

 

 

 

 



Page No 8.33:

Question 8:

Books of Rajesh Prabhu

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount (Rs)

2016

 

 

 

 

April 01

Premises A/c

Dr.

 

2,00,000

 

 

Delivery Van A/c

Dr.

 

50,000

 

 

Fixtures A/c

Dr.

 

5,000

 

 

Stock A/c

Dr.

 

75,000

 

 

Hariharan

Dr.

 

30,000

 

 

Rajan

Dr.

 

50,000

 

 

Bank A/c

Dr.

 

45,000

 

 

Cash A/c

Dr.

 

15,000

 

 

To Jawahar

 

 

1,00,000

 

To Vikas

 

 

45,000

 

To Telephone Expenses Payable A/c

 

 

4,000

 

To Expenses Payable A/c

 

 

5,000

 

To Capital A/c (Balancing Figure)

 

 

3,16,000

 

(Balance forwarded from the last month)

 

 

 

 

 

 

 

 

April 01

Rent A/c

Dr.

 

5,000

 

 

To Bank A/c

 

 

5,000

 

(Rent paid by cheque)

 

 

 

 

 

 

 

 

April 02

Purchases A/c

Dr.

 

30,000

 

 

To Prabhat

 

 

15,000

 

To Rajhans

 

 

8,000

 

To Passi

 

 

7,000

 

(Goods purchased from Prabhat, Rajhans and Passi)

 

 

 

 

 

 

 

 

April 03

Rakesh

Dr.

 

17,000

 

 

Devender

Dr.

 

5,000

 

 

Lalit

Dr.

 

8,000

 

 

Vijay

Dr.

 

6,000

 

 

To Sales A/c

 

 

36,000

 

(Sold goods to Rakesh, Devender, Lalit and Vijay )

 

 

 

 

 

 

 

 

April 04

Delivery Van Expenses A/c

Dr.

 

5,700

 

 

To Cash A/c

 

 

5,700

 

(Paid for petrol expenses of Delivery Van)

 

 

 

 

 

 

 

 

April 05

Drawings A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

4,000

 

(Cash drawn by proprietor)

 

 

 

 

 

 

 

 

April 07

Salaries A/c

Dr.

 

7,000

 

 

To Cash A/c

 

 

7,000

 

(Paid salaries)

 

 

 

 

 

 

 

 

April 09

Cash A/c

Dr.

 

5,000

 

 

To Sales A/c

 

 

5,000

 

(Goods Sold for Cash)

 

 

 

 

 

 

 

 

April 11

Sales Return A/c

Dr.

 

5,000

 

 

To Rakesh

 

 

4,000

 

To Vijay

 

 

1,000

 

(Goods returned by Rakesh and Vijay)

 

 

 

 

 

 

 

 

April 12

Bank A/c

Dr.

 

60,000

 

 

To Hariharan

 

 

20,000

 

To Rajan

 

 

40,000

 

(Received Cheques from Hariharan and Rajan)

 

 

 

 

 

 

 

 

April 16

Prabhat

Dr.

 

4,000

 

 

Rajhans

Dr.

 

1,000

 

 

To Purchases Return

 

 

5,000

 

(Goods returned to Prabhat and Rajhans)

 

 

 

 

 

 

 

 

April 20

Jawahar

Dr.

 

50,000

 

 

Vikas

Dr.

 

10,000

 

 

To Bank A/c

 

 

60,000

 

(Cheques issued to Jawahar and Vikas)

 

 

 

 

 

 

 

 

April 22

Bank A/c

Dr.

 

20,000

 

 

To Hariharan

 

 

10,000

 

To Rajan

 

 

10,000

 

(Received Cheques from Hariharan and Rajan)

 

 

 

 

 

 

 

 

April 22

Cheque-in-hand A/c

Dr.

 

15,000

 

 

To Rakesh

 

 

10,000

 

To Devender

 

 

5,000

 

(Cheques Received from Rakesh and Devender which are dated. 15 May 2012)

 

 

 

 

 

 

 

 

April 24

Bank A/c

Dr.

 

14,914

 

 

Interest A/c

Dr.

 

86

 

 

To Cheque-in-hand A/c

 

 

15,000

 

(Rakesh and Devender’s Cheque discounted with bank at interest of  10% p.a

 

 

 

 

[15,000 × 10% × (21/365)])

 

 

 

 

 

 

 

 

April 25

Cash A/c

Dr.

 

7,800

 

 

Discount A/c

Dr.

 

200

 

 

To Lalit

 

 

8,000

 

(Cash Received from Lalit and discount allowed)

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

15,000

April 04

Delivery Van Exp.

 

5,700

April 09

Sales

 

5,000

April 05

Drawings

 

4,000

April 18

Lalit

 

7,800

April 07

Salaries

 

7,000

 

 

 

 

April 30

Balance c/d

 

11,100

 

 

 

27,800

 

 

 

27,800

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

45,000

April 01

Rent

 

5,000

April 12

Hari Haran

 

20,000

April 20

Jawahar

 

50,000

April 12

Rajan

 

40,000

April 20

Vikas

 

10,000

April 22

Hari Haran

 

10,000

April 30

Balance c/d

 

74,914

April 22

Rajan

 

10,000

 

 

 

 

April 24

Cheque in Hand

 

14,914

 

 

 

 

 

 

 

1,39,914

 

 

 

1,39,914

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

3,16,000

April 01

Balance b/d

 

3,16,000

 

 

 

3,16,000

 

 

 

3,16,000

 

 

 

 

 

 

 

 

                   

 

 

Premises Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

2,00,000

April 30

Balance c/d

 

2,00,000

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

 

 

 

 

                   

 

Delivery Van Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 30

Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Fixture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

5,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

75,000

April 30

Balance c/d

 

75,000

 

 

 

75,000

 

 

 

75,000

 

 

 

 

 

 

 

 

                   

 

 

Hariharan

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

30,000

April 12

Bank

 

20,000

 

 

 

 

April 22

Bank

 

10,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

 

Rajan

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

50,000

April 12

Bank

 

40,000

 

 

 

 

April  22

Bank

 

10,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

 

Jawahar

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Bank

 

50,000

April 01

Balance b/d

 

1,00,000

April 30

Balance c/d

 

50,000

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

 

Vikas

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Bank

 

10,000

April 01

Balance b/d

 

45,000

April 30

Balance c/d

 

35,000

 

 

 

 

 

 

 

45,000

 

 

 

45,000

 

 

 

 

 

 

 

 

                   

 

 

Telephone Expense Payable Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

4,000

April 01

Balance b/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Expenses Payable Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

5,000

April 01

Balance b/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Bank A/c

 

5,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Prabhat

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Purchases Returns

 

4,000

April 02

Purchases A/c

 

15,000

April 30

Balance c/d

 

11,000

 

 

 

 

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

7,000

April 30

Balance c/d

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 11

Rakesh

 

4,000

 

 

 

 

 

Vijay

 

1,000

April 30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

5,000

April 16

Prabhat

 

4,000

 

 

 

 

 

Rajhans

 

1,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Interest Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 24

Cheque in Hand

 

86

April 30

Balance c/d

 

86

 

 

 

86

 

 

 

86

 

 

 

 

 

 

 

 

                   

 

Discount Account

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Lalit

 

200

April 30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 03

Rakesh

 

17,000

 

 

 

 

April 03

Devender

 

5,000

 

 

 

 

April 03

Lalit

 

8,000

 

 

 

 

April 03

Vijay

 

6,000

April 30

Balance c/d

 

41,000

April 09

Cash

 

5,000

 

 

 

41,000

 

 

 

41,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Prabhat

 

15,000

 

 

 

 

April 02

Rajhans

 

8,000

 

 

 

 

April 02

Passi

 

7,000

April 30

Balance c/d

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                   

 

Cheque in Hand Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 22

Rakesh

 

10,000

April 24

Bank

 

14,912

April 24

Devender

 

5,000

April 24

Interest

 

88

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Lalit

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

8,000

April 25

Cash

 

7,800

 

 

 

 

April 25

Discount

 

200

 

 

 

8,000

 

 

 

8,000

 

 

 

 

 

 

 

 

                   

 

 

Vijay

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

6,000

April 11

Sales Return

 

1,000

 

 

 

 

April 30

Balance c/d

 

5,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

Delivery Van Expenses A/c

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 04

Cash

 

5,700

April 30

Balance c/d

 

5,700

 

 

 

5,700

 

 

 

5,700

 

 

 

 

 

 

 

 

                   

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 05

Cash

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

 

Rajhans

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Purchase Return

 

1,000

April 02

Purchases

 

8,000

April 30

Balance c/d

 

7,000

 

 

 

 

 

 

 

8,000

 

 

 

8,000

 

 

 

 

 

 

 

 

                   

 

 

Passi

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,000

April 02

Purchases

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

                   

 

 

Rakesh

Dr

 

Cr

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

17,000

April 11

Sales Return

 

4,000

 

 

 

 

April 22

Cheque-in-hand

 

10,000

 

 

 

 

April 30

Balance c/d

 

3,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

                   

 

 

Devender

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

5,000

April 22

Cheque-in-hand

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

S. No.

Account Title

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Cash

 

11,100

 

(ii)

Bank

 

74,914

 

(iii)

Capital

 

 

3,16,000

(iv)

Premises

 

2,00,000

 

(v)

Deliver Van

 

50,000

 

(vi)

Fixtures

 

5,000

 

(Vii)

Stock

 

75,000

 

(viii)

Raj Hans

 

 

7,000

(ix)

Passi

 

 

7,000

(x)

Rakesh

 

3,000

 

(xi)

Vijay

 

5,000

 

(xii)

Delivery Van Expenses

 

5,700

 

(xiii)

Drawings

 

4,000

 

(xiv)

Expense Payable Account

 

 

5,000

(xv)

Rent

 

5,000

 

(xvi)

Purchases

 

30,000

 

(xvii)

Prabhat

 

 

11,000

(xviii)

Jawahar

 

 

50,000

(xix)

Vikas

 

 

35,000

(xx)

Telephone Expense Payable

 

 

4,000

(xxi)

Sales

 

 

41,000

(xxii)

Salaries

 

7,000

 

(xxiii)

Sales Return

 

5,000

 

(xxiv)

Purchases Return

 

 

5,000

(xxv)

Interest

 

86

 

(xxvi)

Discount

 

200

 

 

 

 

4,81,000

4,81,000

 

 

 

 

 

 

Answer:

Books M/s. Karim Bros.

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

20,000

 

 

Bank A/c

Dr.

 

35,000

 

 

Stock A/c

Dr.

 

15,000

 

 

Furniture A/c

Dr.

 

4,500

 

 

Poonam

Dr.

 

20,000

 

 

Sonu

Dr.

 

10,000

 

 

To Ashok

 

 

13,500

 

To Pankaj

 

 

21,500

 

To Capital A/c

 

 

69,500

 

(Balance brought forwarded from the last month)

 

 

 

 

 

 

 

 

April 04

Purchases A/c

Dr.

 

5,000

 

 

To Pankaj

 

 

5,000

 

(Bought goods from Pankaj)

 

 

 

 

 

 

 

 

April 07

Ashok

Dr.

 

13,500

 

 

To Bank A/c

 

 

13,000

 

To Discount Received A/c

 

 

500

 

(Payment made to Ashok and discount received)

 

 

 

 

 

 

 

 

April 10

Poonam

Dr.

 

11,000

 

 

To Sales

 

 

11,000

 

( Sold goods to Poonam)

 

 

 

 

 

 

 

 

April 12

Purchases A/c

Dr.

 

15,000

 

 

To Ashok

 

 

15,000

 

(Bought goods from Ashok )

 

 

 

 

 

 

 

 

April 15

Sonu

Dr.

 

6,000

 

 

To Sales A/c

 

 

6,000

 

(Sold goods to Sonu)

 

 

 

 

 

 

 

 

April 18

Bank A/c

Dr.

 

24,500

 

 

Discount Allowed A/c

Dr.

 

1,500

 

 

To Poonam A/c

 

 

26,000

 

(Cheque received from Poonam and discount allowed)

 

 

 

 

 

 

 

 

April 25

Stationery A/c

Dr.

 

1,200

 

 

To Cash A/c

 

 

1,200

 

(Paid for stationery)

 

 

 

 

 

 

 

 

April 27

Rent A/c

Dr.

 

3,500

 

 

To Bank A/c

 

 

3,500

 

(Paid for rent)

 

 

 

 

 

 

 

 

April 30

Salaries A/c

Dr.

 

6,000

 

 

To Cash A/c

 

 

6,000

 

(Paid salaries)

 

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

20,000

April 25

Stationery

 

1,200

 

 

 

 

April 30

Salaries

 

6,000

 

 

 

 

April 30

Balance c/d

 

12,800

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

35,000

April 07

Ashok

 

13,000

April 18

Poonam

 

24,500

April 27

Rent

 

3,500

 

 

 

 

April 30

Balance c/d

 

43,000

 

 

 

59,500

 

 

 

59,500

 

 

 

 

 

 

 

 

                   

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

15,000

April 30

Balance c/d

 

15,000

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

4,500

April 30

Balance c/d

 

4,500

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

 

Poonam

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

20,000

April 18

Bank

 

24,500

April 10

Sales

 

11,000

 

Discount Allowed

 

1,500

 

 

 

 

April 30

Balance c/d

 

5,000

 

 

 

31,000

 

 

 

31,000

 

 

 

 

 

 

 

 

                   

 

Sonu

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

10,000

 

 

 

 

April 15

Sales

 

6,000

April 30

Balance c/d

 

16,000

 

 

 

16,000

 

 

 

16,000

 

 

 

 

 

 

 

 

                   

 

Ashok

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Bank

 

13,000

April 01

Balance b/d

 

13,500

 

Discount Received

 

500

April 12

Purchases

 

15,000

April 30

Balance c/d

 

15,000

 

 

 

 

 

 

 

28,500

 

 

 

28,500

 

 

 

 

 

 

 

 

                   

 

 

Pankaj

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 01

Balance b/d

 

21,500

April 30

Balance c/d

 

26,500

April 04

Purchases

 

5,000

 

 

 

26,500

 

 

 

26,500

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

69,500

April 01

Balance b/d

 

69,500

 

 

 

69,500

 

 

 

69,500

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 04

Pankaj

 

5,000

April 30

Balance c/d

 

20,000

April 12

Ashok

 

15,000

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

500

April 07

Ashok

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

17,000

April 10

Poonam

 

11,000

 

 

 

 

April 15

Sonu

 

6,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

                   

 

 

Discount Allowed

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 18

Poonam

 

1,500

April 30

Balance b/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

                   

 

 

Stationery Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

1,200

April 30

Balance c/d

 

1,200

 

 

 

1,200

 

 

 

1,200

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 27

Bank

 

3,500

April 30

Balance c/d

 

3,500

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

                   

 

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

6,000

April 30

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

Amount Title

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Capital

 

69,500

Purchases

20,000

 

Discount Received

 

500

Sales

 

17,000

Discount Allowed

1,500

 

Stationery

1,200

 

Rent

3,500

 

Salaries

6,000

 

Cash

12,800

 

Bank

43,000

 

Stock

15,000

 

Furniture

4,500

 

Poonam

5,000

 

Sonu

16,000

 

Ashok

 

15,000

Pankaj

 

26,500

 

1,28,500

1,28,500

 

 

 

 

Page No 8.33:

Question 9:

Books M/s. Karim Bros.

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

20,000

 

 

Bank A/c

Dr.

 

35,000

 

 

Stock A/c

Dr.

 

15,000

 

 

Furniture A/c

Dr.

 

4,500

 

 

Poonam

Dr.

 

20,000

 

 

Sonu

Dr.

 

10,000

 

 

To Ashok

 

 

13,500

 

To Pankaj

 

 

21,500

 

To Capital A/c

 

 

69,500

 

(Balance brought forwarded from the last month)

 

 

 

 

 

 

 

 

April 04

Purchases A/c

Dr.

 

5,000

 

 

To Pankaj

 

 

5,000

 

(Bought goods from Pankaj)

 

 

 

 

 

 

 

 

April 07

Ashok

Dr.

 

13,500

 

 

To Bank A/c

 

 

13,000

 

To Discount Received A/c

 

 

500

 

(Payment made to Ashok and discount received)

 

 

 

 

 

 

 

 

April 10

Poonam

Dr.

 

11,000

 

 

To Sales

 

 

11,000

 

( Sold goods to Poonam)

 

 

 

 

 

 

 

 

April 12

Purchases A/c

Dr.

 

15,000

 

 

To Ashok

 

 

15,000

 

(Bought goods from Ashok )

 

 

 

 

 

 

 

 

April 15

Sonu

Dr.

 

6,000

 

 

To Sales A/c

 

 

6,000

 

(Sold goods to Sonu)

 

 

 

 

 

 

 

 

April 18

Bank A/c

Dr.

 

24,500

 

 

Discount Allowed A/c

Dr.

 

1,500

 

 

To Poonam A/c

 

 

26,000

 

(Cheque received from Poonam and discount allowed)

 

 

 

 

 

 

 

 

April 25

Stationery A/c

Dr.

 

1,200

 

 

To Cash A/c

 

 

1,200

 

(Paid for stationery)

 

 

 

 

 

 

 

 

April 27

Rent A/c

Dr.

 

3,500

 

 

To Bank A/c

 

 

3,500

 

(Paid for rent)

 

 

 

 

 

 

 

 

April 30

Salaries A/c

Dr.

 

6,000

 

 

To Cash A/c

 

 

6,000

 

(Paid salaries)

 

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

20,000

April 25

Stationery

 

1,200

 

 

 

 

April 30

Salaries

 

6,000

 

 

 

 

April 30

Balance c/d

 

12,800

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

35,000

April 07

Ashok

 

13,000

April 18

Poonam

 

24,500

April 27

Rent

 

3,500

 

 

 

 

April 30

Balance c/d

 

43,000

 

 

 

59,500

 

 

 

59,500

 

 

 

 

 

 

 

 

                   

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

15,000

April 30

Balance c/d

 

15,000

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

4,500

April 30

Balance c/d

 

4,500

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

 

Poonam

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

20,000

April 18

Bank

 

24,500

April 10

Sales

 

11,000

 

Discount Allowed

 

1,500

 

 

 

 

April 30

Balance c/d

 

5,000

 

 

 

31,000

 

 

 

31,000

 

 

 

 

 

 

 

 

                   

 

Sonu

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

10,000

 

 

 

 

April 15

Sales

 

6,000

April 30

Balance c/d

 

16,000

 

 

 

16,000

 

 

 

16,000

 

 

 

 

 

 

 

 

                   

 

Ashok

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Bank

 

13,000

April 01

Balance b/d

 

13,500

 

Discount Received

 

500

April 12

Purchases

 

15,000

April 30

Balance c/d

 

15,000

 

 

 

 

 

 

 

28,500

 

 

 

28,500

 

 

 

 

 

 

 

 

                   

 

 

Pankaj

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 01

Balance b/d

 

21,500

April 30

Balance c/d

 

26,500

April 04

Purchases

 

5,000

 

 

 

26,500

 

 

 

26,500

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

69,500

April 01

Balance b/d

 

69,500

 

 

 

69,500

 

 

 

69,500

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 04

Pankaj

 

5,000

April 30

Balance c/d

 

20,000

April 12

Ashok

 

15,000

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

                   

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

500

April 07

Ashok

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

17,000

April 10

Poonam

 

11,000

 

 

 

 

April 15

Sonu

 

6,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

                   

 

 

Discount Allowed

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 18

Poonam

 

1,500

April 30

Balance b/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

                   

 

 

Stationery Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

1,200

April 30

Balance c/d

 

1,200

 

 

 

1,200

 

 

 

1,200

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 27

Bank

 

3,500

April 30

Balance c/d

 

3,500

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

                   

 

 

Salaries Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

6,000

April 30

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

Amount Title

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Capital

 

69,500

Purchases

20,000

 

Discount Received

 

500

Sales

 

17,000

Discount Allowed

1,500

 

Stationery

1,200

 

Rent

3,500

 

Salaries

6,000

 

Cash

12,800

 

Bank

43,000

 

Stock

15,000

 

Furniture

4,500

 

Poonam

5,000

 

Sonu

16,000

 

Ashok

 

15,000

Pankaj

 

26,500

 

1,28,500

1,28,500

 

 

 

 

Answer:

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital A/c

 

10,000

Jan.02

Purchases A/c

 

2,000

Jan.03

Sales A/c

 

700

Jan.07

Purchases A/c

 

1,500

Jan.13

Sales A/c

 

500

Jan.10

Wages A/c

 

200

Jan.20

Sales A/c

 

3,000

Jan.22

Electricity Bill A/c

 

100

Jan.25

Sales A/c

 

1,000

Jan.23

Wages A/c

 

250

 

 

 

 

Jan.28

Advertisement A/c

 

50

 

 

 

 

Jan.29

Rent A/c

 

80

 

 

 

 

Jan.31

Wages A/c

 

300

 

 

 

 

Jan.31

Balance c/d

 

10,720

 

 

 

15,200

 

 

 

15,200

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

10,000

Jan.01

Cash A/c

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.02

Cash A/c

 

2,000

Jan.31

Balance c/d

 

8,500

Jan.07

Cash A/c

 

1,500

 

 

 

 

Jan.18

Anurag’s A/c

 

5,000

 

 

 

 

 

 

 

8,500

 

 

 

8,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

5,800

Jan.03

Cash A/c

 

700

 

 

 

 

Jan.13

Cash A/c

 

500

 

 

 

 

Jan.15

Shravan’s A/c

 

600

 

 

 

 

Jan.20

Cash A/c

 

3,000

 

 

 

 

Jan.25

Cash A/c

 

1,000

 

 

 

5,800

 

 

 

5,800

 

 

 

 

 

 

 

 

                   

 

Shravan’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.15

Sales A/c

 

600

Jan.31

Balance c/d

 

600

 

 

 

600

 

 

 

600

 

 

 

 

 

 

 

 

                   

 

Anurag’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.19

Purchases Return A/c

 

500

Jan.18

Purchases A/c

 

5,000

Jan.31

Balance c/d

 

4,500

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

500

Jan.19

Anurag’s A/c

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

Electricity Bill Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.22

Cash A/c

 

100

Jan.31

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

Wages  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.10

Cash A/c

 

200

Jan.31

Balance c/d

 

750

Jan.23

Cash A/c

 

250

 

 

 

 

Jan.31

Cash A/c

 

300

 

 

 

 

 

 

 

750

 

 

 

750

 

 

 

 

 

 

 

 

                   

 

Advertisement Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.28

Cash A/c

 

50

Jan.31

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

Rent  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.29

Cash A/c

 

80

Jan.31

Balance c/d

 

80

 

 

 

80

 

 

 

80

 

 

 

 

 

 

 

 

                   

 

Trial Balance

as on January 31, 2016

Particulars

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Cash A/c

10,720

-

Capital A/c

-

10,000

Purchases A/c

8,500

-

Sales A/c

-

5,800

Wages A/c

750

-

Sharavan

600

-

Anurag

-

4,500

Purchases Return A/c

 

500

Electricity Bills A/c

100

-

Advt. A/c

50

-

Rent A/c

80

-

 

 

 

Grand Total

20,800

20,800

 

 

 

 



Page No 8.34:

Question 10:

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital A/c

 

10,000

Jan.02

Purchases A/c

 

2,000

Jan.03

Sales A/c

 

700

Jan.07

Purchases A/c

 

1,500

Jan.13

Sales A/c

 

500

Jan.10

Wages A/c

 

200

Jan.20

Sales A/c

 

3,000

Jan.22

Electricity Bill A/c

 

100

Jan.25

Sales A/c

 

1,000

Jan.23

Wages A/c

 

250

 

 

 

 

Jan.28

Advertisement A/c

 

50

 

 

 

 

Jan.29

Rent A/c

 

80

 

 

 

 

Jan.31

Wages A/c

 

300

 

 

 

 

Jan.31

Balance c/d

 

10,720

 

 

 

15,200

 

 

 

15,200

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 31

Balance c/d

 

10,000

Jan.01

Cash A/c

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.02

Cash A/c

 

2,000

Jan.31

Balance c/d

 

8,500

Jan.07

Cash A/c

 

1,500

 

 

 

 

Jan.18

Anurag’s A/c

 

5,000

 

 

 

 

 

 

 

8,500

 

 

 

8,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

5,800

Jan.03

Cash A/c

 

700

 

 

 

 

Jan.13

Cash A/c

 

500

 

 

 

 

Jan.15

Shravan’s A/c

 

600

 

 

 

 

Jan.20

Cash A/c

 

3,000

 

 

 

 

Jan.25

Cash A/c

 

1,000

 

 

 

5,800

 

 

 

5,800

 

 

 

 

 

 

 

 

                   

 

Shravan’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.15

Sales A/c

 

600

Jan.31

Balance c/d

 

600

 

 

 

600

 

 

 

600

 

 

 

 

 

 

 

 

                   

 

Anurag’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.19

Purchases Return A/c

 

500

Jan.18

Purchases A/c

 

5,000

Jan.31

Balance c/d

 

4,500

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

 Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

500

Jan.19

Anurag’s A/c

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

Electricity Bill Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.22

Cash A/c

 

100

Jan.31

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

Wages  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.10

Cash A/c

 

200

Jan.31

Balance c/d

 

750

Jan.23

Cash A/c

 

250

 

 

 

 

Jan.31

Cash A/c

 

300

 

 

 

 

 

 

 

750

 

 

 

750

 

 

 

 

 

 

 

 

                   

 

Advertisement Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.28

Cash A/c

 

50

Jan.31

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

Rent  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.29

Cash A/c

 

80

Jan.31

Balance c/d

 

80

 

 

 

80

 

 

 

80

 

 

 

 

 

 

 

 

                   

 

Trial Balance

as on January 31, 2016

Particulars

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Cash A/c

10,720

-

Capital A/c

-

10,000

Purchases A/c

8,500

-

Sales A/c

-

5,800

Wages A/c

750

-

Sharavan

600

-

Anurag

-

4,500

Purchases Return A/c

 

500

Electricity Bills A/c

100

-

Advt. A/c

50

-

Rent A/c

80

-

 

 

 

Grand Total

20,800

20,800

 

 

 

 

Answer:

Books of Ashok

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

40,000

 

 

To Capital

 

 

40,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Deposited into bank)

 

 

 

 

 

 

 

 

April 05

 Purchases A/c

Dr.

 

5,000

 

 

To Cash A/c

 

 

5,000

 

(Bought goods for cash)

 

 

 

 

 

 

 

 

April 07

Amit

Dr.

 

2,500

 

 

To Sales

 

 

2,500

 

(Sold goods to Amit)

 

 

 

 

 

 

 

 

April 09

Purchases A/c

Dr.

 

5,100

 

 

To Parvat

 

 

5,100

 

(Bought goods from Parvat)

 

 

 

 

 

 

 

 

April 12

Cash A/c

Dr.

 

1,950

 

 

Discount Allowed A/c

Dr.

 

50

 

 

To Amit

 

 

2,000

 

(Cash received from Amit and discount allowed)

 

 

 

 

 

 

 

 

April 13

Parvat

Dr.

 

4,000

 

 

To Cash A/c

 

 

3,900

 

To Discount Received

 

 

100

 

(Paid cash to Parvat and discount received)

 

 

 

 

 

 

 

 

April 14

Cash A/c

Dr.

 

2,750

 

 

To Sales A/c

 

 

2,350

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

April 15

Purchases A/c

Dr.

 

2,350

 

 

To Dinesh

 

 

2,350

 

(Bought goods from Dinesh)

 

 

 

 

 

 

 

 

April 16

Drawings A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Cash drawn by Proprietor)

 

 

 

 

 

 

 

 

April 17

Bank A/c

Dr.

 

500

 

 

To Amit

 

 

500

 

(Received cash from Amit and deposited into bank)

 

 

 

 

 

 

 

 

April 20

Sundry Trade Expenses A/c

Dr.

 

250

 

 

To Cash A/c

 

 

250

 

(Paid sundry trade expenses)

 

 

 

 

 

 

 

 

April 25

Rent A/c

Dr.

 

450

 

 

To Cash A/c

 

 

450

 

(Paid rent by Cash)

 

 

 

 

 

 

 

 

April 28

Dinesh

Dr.

 

2,350

 

 

To Cash A/c

 

 

2,300

 

To Discount Received

 

 

50

 

(Paid cash to Dinesh and discount received)

 

 

 

 

 

 

 

 

April 29

Romy

Dr.

 

4,750

 

 

To Sales A/c

 

 

4,750

 

(Goods sold to Romy)

 

 

 

 

 

 

 

 

April 30

Carriage A/c

Dr.

 

50

 

 

To Cash

 

 

50

 

(Paid carriage)

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr 01

Capital

 

40,000

Apr 02

Bank

 

30,000

Apr 12

Amit

 

1,950

Apr 07

Purchases

 

5,000

Apr 14

Sales

 

2,750

Apr 13

Parvat

 

3,900

 

 

 

 

Apr 16

Drawings

 

1,000

 

 

 

 

Apr 20

Sundry Trade Expenses

 

250

 

 

 

 

Apr 25

Rent

 

450

 

 

 

 

Apr 28

Dinesh

 

2,300

 

 

 

 

Apr 30

Carriage

 

50

 

 

 

 

Apr 30

Balance c/d

 

1,750

 

 

 

44,700

 

 

 

44,700

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

40,000

April 01

Cash

 

40,000

 

 

 

40,000

 

 

 

40,000

 

 

 

 

 

 

 

 

                   

 

 

Purchase Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

5,000

 

 

 

 

April 09

Parvat

 

5,100

 

 

 

 

April 28

Dinesh

 

2,350

April 30

Balance c/d

 

12,450

 

 

 

12,450

 

 

 

12,450

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

30,000

 

 

 

 

April 17

Amit

 

500

April 30

Balance c/d

 

30,500

 

 

 

30,500

 

 

 

30,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 07

Amit

 

2,500

 

 

 

 

April 14

Cash

 

2,750

April 30

Balance c/d

 

10,000

April 29

Romy

 

4,750

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

 

Amit

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Sales

 

2,500

April12

Cash

 

1,950

 

 

 

 

 

Discount Allowed

 

50

 

 

 

 

April 17

Bank

 

500

 

 

 

2,500

 

 

 

2,500

 

 

 

 

 

 

 

 

                   

 

 

Parvat

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

3,900

April 09

Purchases

 

5,100

 

Discount Received

 

100

 

 

 

 

April 30

Balance c/d

 

1,100

 

 

 

 

 

 

 

5,100

 

 

 

5,100

 

 

 

 

 

 

 

 

                   

 

 

Discount Allowed Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 12

Amit

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 13

Parvat

 

100

April 30

Balance c/d

 

150

April 28

Dinesh

 

50

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

                   

 

Dinesh

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 28

Cash

 

2,300

April 15

Purchases

 

2,350

 

Discount Received

 

50

 

 

 

 

 

 

 

2,350

 

 

 

2,350

 

 

 

 

 

 

 

 

                   

 

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Sundry Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Cash

 

250

April 30

Balance c/d

 

250

 

 

 

250

 

 

 

250

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

450

April 30

Balance c/d

 

450

 

 

 

450

 

 

 

450

 

 

 

 

 

 

 

 

                   

 

 

 

Romy

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 29

Sales

 

4,750

April 30

Balance c/d

 

4,750

 

 

 

4,750

 

 

 

4,750

 

 

 

 

 

 

 

 

                   

 

 

Carriage Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

Account Title

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Cash

 

1,750

 

Capital

 

 

40,000

Purchases

 

12,450

 

Bank

 

30,500

 

Sales

 

 

10,000

Parvat

 

 

1,100

Discount Allowed

 

50

 

Discount Received

 

 

150

Drawings

 

1,000

 

Sundry Trade Expenses

 

250

 

Rent

 

450

 

Romy

 

4,750

 

Carriage

 

50

 

 

 

51,250

51,250

 

 

 

 

 

Page No 8.34:

Question 11:

Books of Ashok

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

40,000

 

 

To Capital

 

 

40,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

30,000

 

 

To Cash A/c

 

 

30,000

 

(Deposited into bank)

 

 

 

 

 

 

 

 

April 05

 Purchases A/c

Dr.

 

5,000

 

 

To Cash A/c

 

 

5,000

 

(Bought goods for cash)

 

 

 

 

 

 

 

 

April 07

Amit

Dr.

 

2,500

 

 

To Sales

 

 

2,500

 

(Sold goods to Amit)

 

 

 

 

 

 

 

 

April 09

Purchases A/c

Dr.

 

5,100

 

 

To Parvat

 

 

5,100

 

(Bought goods from Parvat)

 

 

 

 

 

 

 

 

April 12

Cash A/c

Dr.

 

1,950

 

 

Discount Allowed A/c

Dr.

 

50

 

 

To Amit

 

 

2,000

 

(Cash received from Amit and discount allowed)

 

 

 

 

 

 

 

 

April 13

Parvat

Dr.

 

4,000

 

 

To Cash A/c

 

 

3,900

 

To Discount Received

 

 

100

 

(Paid cash to Parvat and discount received)

 

 

 

 

 

 

 

 

April 14

Cash A/c

Dr.

 

2,750

 

 

To Sales A/c

 

 

2,350

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

April 15

Purchases A/c

Dr.

 

2,350

 

 

To Dinesh

 

 

2,350

 

(Bought goods from Dinesh)

 

 

 

 

 

 

 

 

April 16

Drawings A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Cash drawn by Proprietor)

 

 

 

 

 

 

 

 

April 17

Bank A/c

Dr.

 

500

 

 

To Amit

 

 

500

 

(Received cash from Amit and deposited into bank)

 

 

 

 

 

 

 

 

April 20

Sundry Trade Expenses A/c

Dr.

 

250

 

 

To Cash A/c

 

 

250

 

(Paid sundry trade expenses)

 

 

 

 

 

 

 

 

April 25

Rent A/c

Dr.

 

450

 

 

To Cash A/c

 

 

450

 

(Paid rent by Cash)

 

 

 

 

 

 

 

 

April 28

Dinesh

Dr.

 

2,350

 

 

To Cash A/c

 

 

2,300

 

To Discount Received

 

 

50

 

(Paid cash to Dinesh and discount received)

 

 

 

 

 

 

 

 

April 29

Romy

Dr.

 

4,750

 

 

To Sales A/c

 

 

4,750

 

(Goods sold to Romy)

 

 

 

 

 

 

 

 

April 30

Carriage A/c

Dr.

 

50

 

 

To Cash

 

 

50

 

(Paid carriage)

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Apr 01

Capital

 

40,000

Apr 02

Bank

 

30,000

Apr 12

Amit

 

1,950

Apr 07

Purchases

 

5,000

Apr 14

Sales

 

2,750

Apr 13

Parvat

 

3,900

 

 

 

 

Apr 16

Drawings

 

1,000

 

 

 

 

Apr 20

Sundry Trade Expenses

 

250

 

 

 

 

Apr 25

Rent

 

450

 

 

 

 

Apr 28

Dinesh

 

2,300

 

 

 

 

Apr 30

Carriage

 

50

 

 

 

 

Apr 30

Balance c/d

 

1,750

 

 

 

44,700

 

 

 

44,700

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

40,000

April 01

Cash

 

40,000

 

 

 

40,000

 

 

 

40,000

 

 

 

 

 

 

 

 

                   

 

 

Purchase Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Cash

 

5,000

 

 

 

 

April 09

Parvat

 

5,100

 

 

 

 

April 28

Dinesh

 

2,350

April 30

Balance c/d

 

12,450

 

 

 

12,450

 

 

 

12,450

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

30,000

 

 

 

 

April 17

Amit

 

500

April 30

Balance c/d

 

30,500

 

 

 

30,500

 

 

 

30,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 07

Amit

 

2,500

 

 

 

 

April 14

Cash

 

2,750

April 30

Balance c/d

 

10,000

April 29

Romy

 

4,750

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

 

Amit

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 07

Sales

 

2,500

April12

Cash

 

1,950

 

 

 

 

 

Discount Allowed

 

50

 

 

 

 

April 17

Bank

 

500

 

 

 

2,500

 

 

 

2,500

 

 

 

 

 

 

 

 

                   

 

 

Parvat

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

3,900

April 09

Purchases

 

5,100

 

Discount Received

 

100

 

 

 

 

April 30

Balance c/d

 

1,100

 

 

 

 

 

 

 

5,100

 

 

 

5,100

 

 

 

 

 

 

 

 

                   

 

 

Discount Allowed Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 12

Amit

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 13

Parvat

 

100

April 30

Balance c/d

 

150

April 28

Dinesh

 

50

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

                   

 

Dinesh

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 28

Cash

 

2,300

April 15

Purchases

 

2,350

 

Discount Received

 

50

 

 

 

 

 

 

 

2,350

 

 

 

2,350

 

 

 

 

 

 

 

 

                   

 

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 16

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Sundry Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Cash

 

250

April 30

Balance c/d

 

250

 

 

 

250

 

 

 

250

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

450

April 30

Balance c/d

 

450

 

 

 

450

 

 

 

450

 

 

 

 

 

 

 

 

                   

 

 

 

Romy

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 29

Sales

 

4,750

April 30

Balance c/d

 

4,750

 

 

 

4,750

 

 

 

4,750

 

 

 

 

 

 

 

 

                   

 

 

Carriage Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2016

Account Title

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Cash

 

1,750

 

Capital

 

 

40,000

Purchases

 

12,450

 

Bank

 

30,500

 

Sales

 

 

10,000

Parvat

 

 

1,100

Discount Allowed

 

50

 

Discount Received

 

 

150

Drawings

 

1,000

 

Sundry Trade Expenses

 

250

 

Rent

 

450

 

Romy

 

4,750

 

Carriage

 

50

 

 

 

51,250

51,250

 

 

 

 

 

Answer:

Books of S.K. Gupta

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

40,000

 

 

Bank A/c

Dr.

 

60,000

 

 

To Capital A/c

 

 

1,00,000

 

(Commenced business with cash and bank)

 

 

 

 

 

 

 

 

April 02

Furniture and Fittings A/c

Dr.

 

20,000

 

 

To Cash A/c

 

 

20,000

 

(Bought Furniture and Fittings)

 

 

 

 

 

 

 

 

April 05

Purchases A/c

Dr.

 

16,000

 

 

To Cash A/c

 

 

16,000

 

(Bought goods in cash)

 

 

 

 

 

 

 

 

April 08

Purchase A/c

Dr.

 

1,100

 

 

To Ramesh

 

 

1,100

 

(Bought goods from Ramesh)

 

 

 

 

 

 

 

 

April 12

Sameer

Dr.

 

2,100

 

 

To Sales A/c

 

 

2,100

 

(Sold goods to Sameer)

 

 

 

 

 

 

 

 

April 13

Stationery A/c

Dr.

 

1,800

 

 

To Cash A/c

 

 

1,800

 

(Bought stationery for cash)

 

 

 

 

 

 

 

 

April 13

Ramesh A/c

Dr.

 

1,100

 

 

To Cash A/c

 

 

1,000

 

To Discount Received A/c

 

 

100

 

(Paid to Ramesh and discount received)

 

 

 

 

 

 

 

 

April 17

Cash A/c

Dr.

 

4,000

 

 

To Bank A/c

 

 

4,000

 

(Withdrawn cash for office use)

 

 

 

 

 

 

 

 

April 18

Purchases A/c

Dr.

 

3,000

 

 

To Sen

 

 

3,000

 

(Bought goods from Sen)

 

 

 

 

 

 

 

 

April 19

Cash A/c

Dr.

 

2,000

 

 

Discount Allowed A/c

Dr.

 

100

 

 

To Sameer

 

 

2,100

 

(Cash received from Sammer and discount allowed)

 

 

 

 

 

 

 

 

April 20

Raj Banwari

Dr.

 

4,000

 

 

To Sales A/c

 

 

4,000

 

(Sold to Raj Banwari)

 

 

 

 

 

 

 

 

April 28

Cash A/c

Dr.

 

1,400

 

 

To Sales A/c

 

 

1,400

 

(Sold goods for cash)

 

 

 

 

 

 

 

 

April 30

Salary A/c

Dr.

 

800

 

 

Rent A/c

Dr.

 

500

 

 

General Trade Expenses A/c

Dr.

 

200

 

 

To Cash A/c

 

 

1,500

 

(Paid salary, rent and general trade expenses)

 

 

 

 

 

 

 

 

April 30

Bank A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

(Paid cash into bank)

 

 

 

 

 

 

 

 

 

 

Furniture and Fitting Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

20,000

April 30

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 05

Cash

 

16,000

 

 

 

 

April 08

Ramesh

 

1,100

 

 

 

 

April 18

Sen

 

3,000

April 30

Balance c/d

 

20,100

 

 

 

20,100

 

 

 

20,100

 

 

 

 

 

 

 

 

                   

 

 

Ramesh

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

1,000

April 08

Purchases

 

1,100

April 04

Discount Received

 

100

 

 

 

 

 

 

 

1,100

 

 

 

1,100

 

 

 

 

 

 

 

 

 

Sameer

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 12

Sales

 

2,100

April 19

Cash

 

2,000

 

 

 

 

 

Discount Allowed

 

100

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

40,000

April 02

Furniture and fitting

 

20,000

April 17

Bank

 

4,000

April 05

Purchases

 

16,000

April 19

Sameer

 

2,000

April 13

Stationery

 

1,800

April 28

Sales

 

1,400

April 13

Ramesh

 

1,000

 

 

 

 

April 30

Salary

 

800

 

 

 

 

April 30

Rent

 

500

 

 

 

 

April 30

General Trade Expenses

 

200

 

 

 

 

April 30

Bank

 

2,000

 

 

 

 

April 30

Balance c/d

 

5,100

 

 

 

47,400

 

 

 

47,400

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

60,000

April 17

Cash

 

4,000

April 30

Cash

 

2,000

April 30

Balance c/d

 

58,000

 

 

 

62,000

 

 

 

62,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,00,000

April 01

Cash

 

60,000

 

 

 

 

 

Bank

 

40,000

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

Raj Banwari

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Sales

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,500

April 12

Sameer

 

2,100

 

 

 

 

April 20

Raj Banwari

 

4,000

 

 

 

 

April 28

Cash

 

1,400

 

 

 

7,500

 

 

 

7,500

 

 

 

 

 

 

 

 

                   

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

800

April 30

Balance c/d

 

800

 

 

 

800

 

 

 

800

 

 

 

 

 

 

 

 

                   

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

500

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

Stationery Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

1,800

April 30

Balance c/d

 

1,800

 

 

 

1,800

 

 

 

1,800

 

 

 

 

 

 

 

 

                   

                                                           

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

100

April 13

Ramesh

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

Sen

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

3,000

April 18

Purchases

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 19

Sameer

 

100

April 30

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

 

General Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

200

April 30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

S. No.

Account Title

J.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Cash

 

5,100

 

2

Bank

 

58,000

 

3

Capital

 

 

1,00,000

4

Furniture and Fittings

 

20,000

 

5

Purchases

 

20,100

 

6

Raj Banwari

 

4,000

 

7

Sales

 

 

7,500

8

Salary

 

800

 

9

Rent

 

500

 

10

Stationery

 

1,800

 

11

Discount Received

 

 

100

12

Sen

 

 

3,000

13

Discount Allowed

 

100

 

14

General Trade Expenses

 

200

 

 

 

 

1,10,600

1,10,600

 

 

 

 

 

 



Page No 8.35:

Question 12:

Books of S.K. Gupta

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

40,000

 

 

Bank A/c

Dr.

 

60,000

 

 

To Capital A/c

 

 

1,00,000

 

(Commenced business with cash and bank)

 

 

 

 

 

 

 

 

April 02

Furniture and Fittings A/c

Dr.

 

20,000

 

 

To Cash A/c

 

 

20,000

 

(Bought Furniture and Fittings)

 

 

 

 

 

 

 

 

April 05

Purchases A/c

Dr.

 

16,000

 

 

To Cash A/c

 

 

16,000

 

(Bought goods in cash)

 

 

 

 

 

 

 

 

April 08

Purchase A/c

Dr.

 

1,100

 

 

To Ramesh

 

 

1,100

 

(Bought goods from Ramesh)

 

 

 

 

 

 

 

 

April 12

Sameer

Dr.

 

2,100

 

 

To Sales A/c

 

 

2,100

 

(Sold goods to Sameer)

 

 

 

 

 

 

 

 

April 13

Stationery A/c

Dr.

 

1,800

 

 

To Cash A/c

 

 

1,800

 

(Bought stationery for cash)

 

 

 

 

 

 

 

 

April 13

Ramesh A/c

Dr.

 

1,100

 

 

To Cash A/c

 

 

1,000

 

To Discount Received A/c

 

 

100

 

(Paid to Ramesh and discount received)

 

 

 

 

 

 

 

 

April 17

Cash A/c

Dr.

 

4,000

 

 

To Bank A/c

 

 

4,000

 

(Withdrawn cash for office use)

 

 

 

 

 

 

 

 

April 18

Purchases A/c

Dr.

 

3,000

 

 

To Sen

 

 

3,000

 

(Bought goods from Sen)

 

 

 

 

 

 

 

 

April 19

Cash A/c

Dr.

 

2,000

 

 

Discount Allowed A/c

Dr.

 

100

 

 

To Sameer

 

 

2,100

 

(Cash received from Sammer and discount allowed)

 

 

 

 

 

 

 

 

April 20

Raj Banwari

Dr.

 

4,000

 

 

To Sales A/c

 

 

4,000

 

(Sold to Raj Banwari)

 

 

 

 

 

 

 

 

April 28

Cash A/c

Dr.

 

1,400

 

 

To Sales A/c

 

 

1,400

 

(Sold goods for cash)

 

 

 

 

 

 

 

 

April 30

Salary A/c

Dr.

 

800

 

 

Rent A/c

Dr.

 

500

 

 

General Trade Expenses A/c

Dr.

 

200

 

 

To Cash A/c

 

 

1,500

 

(Paid salary, rent and general trade expenses)

 

 

 

 

 

 

 

 

April 30

Bank A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

(Paid cash into bank)

 

 

 

 

 

 

 

 

 

 

Furniture and Fitting Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 02

Cash

 

20,000

April 30

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 05

Cash

 

16,000

 

 

 

 

April 08

Ramesh

 

1,100

 

 

 

 

April 18

Sen

 

3,000

April 30

Balance c/d

 

20,100

 

 

 

20,100

 

 

 

20,100

 

 

 

 

 

 

 

 

                   

 

 

Ramesh

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

1,000

April 08

Purchases

 

1,100

April 04

Discount Received

 

100

 

 

 

 

 

 

 

1,100

 

 

 

1,100

 

 

 

 

 

 

 

 

 

Sameer

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 12

Sales

 

2,100

April 19

Cash

 

2,000

 

 

 

 

 

Discount Allowed

 

100

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

                   

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

40,000

April 02

Furniture and fitting

 

20,000

April 17

Bank

 

4,000

April 05

Purchases

 

16,000

April 19

Sameer

 

2,000

April 13

Stationery

 

1,800

April 28

Sales

 

1,400

April 13

Ramesh

 

1,000

 

 

 

 

April 30

Salary

 

800

 

 

 

 

April 30

Rent

 

500

 

 

 

 

April 30

General Trade Expenses

 

200

 

 

 

 

April 30

Bank

 

2,000

 

 

 

 

April 30

Balance c/d

 

5,100

 

 

 

47,400

 

 

 

47,400

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 01

Capital

 

60,000

April 17

Cash

 

4,000

April 30

Cash

 

2,000

April 30

Balance c/d

 

58,000

 

 

 

62,000

 

 

 

62,000

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

1,00,000

April 01

Cash

 

60,000

 

 

 

 

 

Bank

 

40,000

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

                   

 

Raj Banwari

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 20

Sales

 

4,000

April 30

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

7,500

April 12

Sameer

 

2,100

 

 

 

 

April 20

Raj Banwari

 

4,000

 

 

 

 

April 28

Cash

 

1,400

 

 

 

7,500

 

 

 

7,500

 

 

 

 

 

 

 

 

                   

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

800

April 30

Balance c/d

 

800

 

 

 

800

 

 

 

800

 

 

 

 

 

 

 

 

                   

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

500

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                   

 

Stationery Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

1,800

April 30

Balance c/d

 

1,800

 

 

 

1,800

 

 

 

1,800

 

 

 

 

 

 

 

 

                   

                                                           

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

100

April 13

Ramesh

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

Sen

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

3,000

April 18

Purchases

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 19

Sameer

 

100

April 30

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

                   

 

 

General Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Cash

 

200

April 30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

S. No.

Account Title

J.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Cash

 

5,100

 

2

Bank

 

58,000

 

3

Capital

 

 

1,00,000

4

Furniture and Fittings

 

20,000

 

5

Purchases

 

20,100

 

6

Raj Banwari

 

4,000

 

7

Sales

 

 

7,500

8

Salary

 

800

 

9

Rent

 

500

 

10

Stationery

 

1,800

 

11

Discount Received

 

 

100

12

Sen

 

 

3,000

13

Discount Allowed

 

100

 

14

General Trade Expenses

 

200

 

 

 

 

1,10,600

1,10,600

 

 

 

 

 

 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

 

 

Cash in Hand A/c

Dr.

 

15,000

 

 

Cash at Bank A/c

Dr.

 

55,000

 

 

Stock A/c

Dr.

 

28,000

 

 

Sunil

Dr.

 

5,000

 

 

Abhay

Dr.

 

10,000

 

 

Alok

Dr.

 

10,000

 

 

Computer & Printer A/c

Dr.

 

50,000

 

 

Furniture A/c

Dr.

 

10,000

 

 

Delivery Van A/c

Dr.

 

25,000

 

 

  To Creditors A/c

 

 

 

20,000

 

  To Bank Loan A/c

 

 

 

90,000

 

  To Bills Payable A/c

 

 

 

10,000

 

  To Capital A/c

 

 

 

88,000

 

(Opening entry made)

 

 

 

 

 

 

 

 

 

 

1)

Purchases A/c

Dr.

 

9,000

 

 

  To Bank A/c

 

 

 

8,820

 

   To Discount Received A/c

 

 

 

180

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

2)

Bank A/c

Dr.

 

9,800

 

 

Discount Allowed A/c

 

 

200

 

 

  To Abhay

 

 

 

10,000

 

(Goods sold for Cash)

 

 

 

 

 

 

 

 

 

 

3)

Bank A/c

Dr.

 

10,000

 

 

  To Alok

 

 

 

10,000

 

(Cheque received)

 

 

 

 

 

 

 

 

 

 

4)

Bank A/c

Dr.

 

3,750

 

 

Bad Debts A/c

Dr.

 

1,250

 

 

  To Sunil

 

 

 

5,000

 

(Cheque received)

 

 

 

 

 

 

 

 

 

 

5)

Charity A/c

Dr.

 

1,000

 

 

  To Purchases A/c

 

 

 

1,000

 

(Goods given as charity)

 

 

 

 

 

 

 

 

 

 

6)

Drawings A/c

Dr.

 

500

 

 

  To Purchases A/c

 

 

 

500

 

(Goods given as award)

 

 

 

 

 

 

 

 

 

 

7)

Salaries A/c

Dr.

 

15,000

 

 

  To Cash A/c

 

 

 

15,000

 

(Salary paid )

 

 

 

 

 

 

 

 

 

 

8)

Cash A/c

Dr.

 

5,000

 

 

  To Bad Debts Recovered A/c

 

 

 

5,000

 

(Bad Debts Recovered )

 

 

 

 

 

 

 

 

 

 

9)

Purchases A/c

Dr.

 

10,00,000

 

 

  To Cash A/c

 

 

 

1,00,000

 

  To Creditors A/c

 

 

 

9,00,000

 

(Purchases made in the month)

 

 

 

 

 

 

 

 

 

 

10)

Cash A/c

Dr.

 

15,00,000

 

 

Debtors A/c

Dr.

 

3,00,000

 

 

  To Sales A/c

 

 

 

18,00,000

 

(Goods Sold)

 

 

 

 

 

 

 

 

 

 

11)

Creditors A/c

Dr.

 

8,90,000

 

 

  To Bank A/c

 

 

 

8,90,000

 

(Cheque given)

 

 

 

 

 

 

 

 

 

 

12)

Bank Loan A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Bank loan repaid)

 

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

15,000

 

Salaries A/c

 

15,000

 

Bad Debts Recovered A/c

 

5,000

 

Purchases A/c

 

1,00,000

 

Sales A/c

 

15,00,000

 

Bank Loan A/c

 

20,000

 

 

 

 

 

Balance c/d

 

13,85,000

 

 

 

15,20,000

 

 

 

15,20,000

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

55,000

 

Purchases A/c

 

8,820

 

Abhay

 

9,800

 

Creditors A/c

 

8,90,000

 

Alok

 

10,000

 

 

 

 

 

Sunil

 

3,750

 

 

 

 

 

Balance c/d

 

8,20,270

 

 

 

 

 

 

 

8,98,820

 

 

 

8,98,820

 

 

 

 

 

 

 

 

                   

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

28,000

 

Balance c/d

 

28,000

 

 

 

28,000

 

 

 

28,000

 

 

 

 

 

 

 

 

                   

 

Sunil Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

5,000

 

Bank A/c

 

3,750

 

 

 

 

 

Bad Debts A/c

 

1,250

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Abhay Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d       

 

10,000

 

Bank A/c

 

9,800

 

 

 

 

 

Discount Allowed A/c

 

200

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Alok Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d       

 

10,000

 

Bank A/c

 

10,00

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Computer & Printer Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d       

 

50,000

 

Balance c/d       

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Furniture Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d       

 

10,000

 

Balance c/d       

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Delivery Van Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d       

 

25,000

 

Balance c/d       

 

25,000

 

 

 

25,000

 

 

 

25,000

 

 

 

 

 

 

 

 

                   

 

Creditors Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Bank A/c

 

8,90,000

 

Balance b/d

 

20,000

 

Balance c/d       

 

30,000

 

Purchases A/c

 

9,00,000

 

 

 

 

 

 

 

 

 

 

 

9,20,000

 

 

 

9,20,000

 

 

 

 

 

 

 

 

                   

 

Bank Loan Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Cash A/c

 

20,000

 

Balance b/d

 

90,000

 

Balance c/d       

 

70,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

90,000

 

 

 

90,000

 

 

 

 

 

 

 

 

                   

 

Bills Payable Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

10,000

 

Balance b/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

Capital  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

88,000

 

Balance b/d

 

88,000

 

 

 

88,000

 

 

 

88,000

 

 

 

 

 

 

 

 

                   

 

Purchases  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Bank A/c

 

8,820

 

Charity A/c

 

1,000

 

Discount Received A/c

 

180

 

Prize Award A/c

 

500

 

Cash A/c

 

1,00,000

 

Balance c/d

 

10,07,500

 

Creditors A/c

 

9,00,000

 

 

 

 

 

 

 

10,09,000

 

 

 

10,09,000

 

 

 

 

 

 

 

 

                   

 

Discount Received  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

180

 

Purchases A/c

 

180

 

 

 

180

 

 

 

180

 

 

 

 

 

 

 

 

                   

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Abhay

 

200

 

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

                   

 

Bad Debts Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Sunil

 

1,250

 

Balance c/d

 

1,250

 

 

 

1,250

 

 

 

1,250

 

 

 

 

 

 

 

 

                   

 

Charity Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Purchases A/c

 

1,000

 

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

Salary  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Cash A/c

 

15,000

 

Balance c/d

 

15,000

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

                   

 

Bad Debts Recovered Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

5,000

 

Cash A/c

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

18,00,000

 

Cash A/c

 

15,00,000

 

 

 

 

 

Debtors A/c

 

3,00,000

 

 

 

 

 

 

 

 

 

 

 

18,00,000

 

 

 

18,00,000

 

 

 

 

 

 

 

 

                   

 

Debtors Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Sales A/c

 

3,00,000

 

Balance c/d

 

3,00,000

 

 

 

3,00,000

 

 

 

3,00,000

 

 

 

 

 

 

 

 

                   

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Purchases A/c

 

500

 

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 



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