Give journal entries of M/s. Mohit traders; post them to the Ledger from the following transactions:

 

August, 2005

 

Rs

1

Commenced business with cash

1,10,000

2

Opened bank account with H.D.F.C.

50,000

3

Purchased furniture

20,000

7

Bought goods for cash from M/s. Rupa Traders

30,000

8

Purchased good from M/s. Hema Traders

42,000

10

Sold goods for cash

30,000

14

Sold goods on credit to M/s. Gupta Traders

12,000

16

Rent paid

4,000

18

Paid trade expenses

1,000

20

Received cash from Gupta Traders

12,000

22

Goods return to Hema Traders

2,000

23

Cash paid to Hema Traders

40,000

25

Bought postage stamps

100

30

Paid salary to Rishabh

4,000

 

 

Books of M/s. Mohit Traders

Journal

Date

 

Particulars

 

L.F.

Debit Amount Rs

Credit Amount Rs

2005

 

   

 

 

 

Aug.01

Cash A/c

Dr.

 

1,10,000

 

 

 

To Capital A/c

 

 

 

1,10,000

 

(Commenced business with cash)

 

 

 

 

 

 

   

 

 

 

Aug.02

Bank A/c

Dr.

 

50,000

 

 

 

To Cash A/c

 

 

 

50,000

 

(Bank account opened with H.D.F.C)

 

 

 

 

 

 

   

 

 

 

Aug.03

Furniture A/c

Dr.

 

20,000

 

 

 

To Cash A/c

 

 

 

20,000

 

(Furniture purchased)

 

 

 

 

 

 

 

 

 

 

 

Aug.07

Purchases A/c

Dr.

 

30,000

 

 

 

To Cash A/c

 

 

 

30,000

 

(Goods purchased for cash)

 

 

 

 

 

 

   

 

 

 

Aug.08

Purchases A/c

Dr.

 

42,000

 

 

 

To M/s. Hema Traders

 

 

 

42,000

 

(Goods purchased from M/s. Hema Traders)

 

 

 

 

 

 

   

 

 

 

Aug.10

Cash A/c

Dr.

 

30,000

 

 

 

To Sales A/c

 

 

 

30,000

 

(Goods sold for cash)

 

 

 

 

 

 

   

 

 

 

Aug.14

M/s. Gupta Traders

Dr.

 

12,000

 

 

 

To Sales A/c

 

 

 

12,000

 

(Goods sold to M/s. Gupta traders)

 

 

 

 

 

 

   

 

 

 

Aug.16

Rent A/c

Dr.

 

4,000

 

 

 

To Cash A/c

 

 

 

4,000

 

(Rent paid in cash)

 

 

 

 

 

 

   

 

 

 

Aug.18

Trade Expenses A/c

Dr.

 

1,000

 

 

 

To Cash A/c

 

 

 

1,000

 

(Trade expenses paid in cash)

 

 

 

 

 

 

   

 

 

 

Aug.20

Cash A/c

Dr.

 

12,000

 

 

 

To M/s. Gupta Traders

 

 

 

12,000

 

(Cash received from M/s. Gupta Traders)

 

 

 

 

 

 

   

 

 

 

Aug.22

M/s. Hema Traders

Dr.

 

2,000

 

 

 

To Purchases Return A/c

 

 

 

2,000

 

(Goods returned to Hema traders)

 

 

 

 

 

 

   

 

 

 

Aug.23

M/s. Hema Traders

Dr.

 

40,000

 

 

 

To Cash A/c

 

 

 

40,000

 

(Cash paid to Hema traders)

 

 

 

 

 

 

   

 

 

 

Aug.25

Postage Stamps A/c

Dr.

 

100

 

 

 

To Cash A/c

 

 

 

100

 

(Postage stamps purchased)

 

 

 

 

 

 

   

 

 

 

Aug.30

Salaries A/c

Dr.

 

4,000

 

 

 

To Cash A/c

 

 

 

4,000

 

(Salaries paid in cash)

 

 

 

 

 

 

Total

 

 

3,57,100

3,57,100

 

 

 

 

 

 

 

  

Cash Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount 

Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Aug.01

Capital

 

1,10,000

Aug.02

Bank

 

50,000

Aug.10

Sales

 

30,000

Aug.03

Furniture

 

20,000

Aug.20

M/s. Gupta Traders

 

12,000

Aug.07

Purchases

 

30,000

   

 

 

Aug.16

Rent

 

4,000

 

 

 

 

Aug.18

Trade Expenses

 

1,000

 

 

 

 

Aug.23

M/s. Hema Traders

 

40,000

 

 

 

 

Aug.25

Postage Stamps

 

100

 

 

 

 

Aug.30

Salaries

 

4,000

 

 

 

 

Aug.31

Balance c/d

 

2,900

 

 

 

 

 

 

 

 

 

 

 

1,52,000

 

 

 

1,52,000

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

 

 

 

 

Aug.01

Cash

 

1,10,000

Aug.31

Balance c/d

 

1,10,000

 

 

 

 

 

 

 

1,10,000

 

 

 

1,10,000

 

 

 

 

 

 

 

 

 

Bank Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Aug.02

Cash

 

50,000

 

 

 

 

 

 

 

 

Aug.31

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

2005

 

 

 

2005

 

 

 

Aug.03

Cash

 

20,000

 

 

 

 

 

 

 

 

Aug.31

Balanced c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

Aug.07

Cash

 

30,000

 

 

 

 

Aug.08

M/s. Hema Traders

 

42,000

Aug.31

Balance c/d

 

72,000

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

 

 

M/s. Hema Traders Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount

 Rs

Date

Particulars

J.F.

Amount

 Rs

2005

 

 

 

2005

 

 

 

Aug.22

Purchases Return

 

2,000

Aug.08

Purchases

 

     42,000 

Aug.23

Cash

 

40,000

 

 

 

 

 

 

 

 

   

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount 

Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

 

 

 

 

Aug.10

Cash

 

30,000

Aug.31

Balance c/d

 

42,000

Aug.14

M/s. Gupta Traders

 

12,000

       

 

 

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

 

M/s. Gupta Traders Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount 

Rs

2005

 

 

 

2005

 

 

 

Aug.14

Sales

 

12,000

 

 

 

 

 

 

 

 

Aug.20

Cash

 

12,000

 

 

 

 

 

 

 

 

 

 

 

12,000

 

 

 

12,000

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount 

Rs

Date

Particulars

J.F.

Amount

 Rs

2005

 

 

 

2005

 

 

 

Aug.16

Cash

 

4,000

 

 

 

 

 

 

 

 

Aug.31

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

 

Trade Expenses Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount 

Rs

2005

 

 

 

2005

 

 

 

Aug.18

Cash

 

1,000

 

 

 

 

 

 

 

 

Aug.31

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

       

Aug.22

M/s. Hema Traders 

 

2,000

Aug.31

Balance c/d

 

2,000

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

Postage Stamps Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount 

Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Aug.25

Cash

 

100

 

 

 

 

 

 

 

 

Aug.31

Balance c/d

 

100

 

 

 

 

 

 

 

 

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

Salaries Account

Dr.

           

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

 Rs

2005

 

 

 

2005

 

 

 

Aug.30

Cash

 

4,000

 

 

 

 

 

 

 

 

Aug.31

Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

 

 

  • 33
What are you looking for?