Journalise the following transactions and prepare cash book Post these in into ledger and prepare a trial balanace.
2006 Rs.
Jan1. commenced business with cash = 5000
Jan3. deposited in bank = 3000
Jan4. bought of X,Y and co. Furniture = 500
Jan5. bought of A goods = 1000
Jan6. sold to B goods = 600
Jan7. recieved cash from B = 190
allowed him discount = 10
Jan10. B in declared insolvent . A first composition of 25P. in a ruppee is recieved
Jan12. bought of C goods = 1200
Jan13. sold to D goods for cash = 500
Jan15. Paid A cash = 980
Discount allowed = 20
Jan17. withdrew from bank = 1000
Jan19. Paid C cash = 1150
discount allowed = 50
Jan22. recived second and final composition of 25P. from B
Jan25. Bought of Fgoods for cash = 70
Jan28. Paid for stationery = 50
Jan31. provide depreciation on furniture at 1% p.m.
Jan31. Interest on Capital at 1/2% p.m.
Jan31. Salary due to clerk = 150
Cash Book | |||||||||
Dr. |
|
|
|
|
|
|
|
| Cr. |
Date | Particulars | L.F. | Cash | Bank | Date | Particulars | L.F. | Cash | Bank |
2006 Jan.01 Jan.03 Jan.07 Jan.10 Jan.13 Jan.17 Jan.22 |
Capital Cash B B Sales Bank B |
c
c |
5,000
190 100 500 1,000 100 |
3,000 | 2006 Jan.03 Jan.15 Jan.17 Jan.19 Jan.25 Jan.28 Jan.31
|
Bank A Cash C Purchases Stationary Balance c/d |
c
c
|
3,000 980
1,150 70 50 1,640 |
1,000
2,000 |
|
|
| 6,890 | 3,000 |
|
|
| 6,890 | 3,000 |
|
|
|
|
|
|
|
|
|
|
| |||||
Date | Particulars |
| L.F. | Debit Amount | Credit Amount |
2006 Jan.04
Jan.05
Jan.06
Jan.07
Jan.12
Jan.15
Jan.19
Jan.22
Jan.31
Jan.31
Jan.31 |
Furniture A/c To X and Y Co. (Furniture bought from X and Y Co.)
Purchases A/c To A (Goods bought from A)
B To Sales A/c (Goods sold to B)
Discount Allowed A/c To B (Discount allowed to B)
Purchases A/c To C (Goods bought from C)
A To Discount Received (Discount received from A)
C To Discount Received (Discount received from C)
Bad Debt A/c To B (B declared insolvent, amount due from B considered as bad debt)
Depreciation A/c To Furniture A/c (1% Depreciation charged on furniture)
Interest on Capital A/c To Capital A/c (Interest charged on capital)
Salaries A/c To Salaries outstanding (Salary due to Clerk) |
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr. |
|
500
1,000
600
10
1,200
20
50
200
5
25
150 |
500
1,000
600
10
1,200
20
50
200
5
25
150 |
Ledger
Capital Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006
Jan.31 |
Balance c/d |
|
5,025 | 2006 Jan.01 Jan.31 |
Cash Interest on Capital |
|
5,000 25 |
|
|
| 5,025 |
|
|
| 5,025 |
|
|
|
|
|
|
|
|
Furniture Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.04
|
X and Y Co.
|
|
500
| 2006 Jan.31 Jan.31 |
Depreciation Balance c/d |
|
5 495 |
|
|
| 500 |
|
|
| 500 |
|
|
|
|
|
|
|
|
X and Y Co. | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006
Jan.31 |
Balance c/d |
|
500 | 2006 Jan.04
|
Furniture
|
|
500 |
|
|
| 500 |
|
|
| 500 |
|
|
|
|
|
|
|
|
Purchases Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.05 Jan.12 Jan.25 |
A C Cash |
|
1,000 1,200 70 | 2006
Jan.31 |
Balance c/d |
|
2,270 |
|
|
| 2,270 |
|
|
| 2,270 |
|
|
|
|
|
|
|
|
A’s Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.15 Jan.15
|
Cash Discount Received |
|
980 20 | 2006 Jan.05 |
Purchases |
|
1,000 |
|
|
| 1,000 |
|
|
| 1,000 |
|
|
|
|
|
|
|
|
Sales Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006
Jan.31 |
Balance c/d |
|
1,100 | 2006 Jan.06 Jan.13 |
B Cash |
|
600 500 |
|
|
| 1,100 |
|
|
| 1,100 |
|
|
|
|
|
|
|
|
B’s Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.06
|
Sales |
|
600 | 2006 Jan.07 Jan.07 Jan.10 Jan.21 Jan.22 |
Cash Discount Allowed Cash Cash Bad Debt |
|
190 10 100 100 200 |
|
|
| 600 |
|
|
| 600 |
|
|
|
|
|
|
|
|
C’s Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.19 Jan.19
|
Cash Discount Received |
|
1,150 50 | 2006 Jan.12 |
Purchases |
|
1,200 |
|
|
| 1,200 |
|
|
| 1,200 |
|
|
|
|
|
|
|
|
Bad Debt Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.22
|
B |
|
200 | 2006
Jan.31 |
Balance c/d |
|
200 |
|
|
| 200 |
|
|
| 200 |
|
|
|
|
|
|
|
|
Stationery Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.28
|
Cash |
|
50 | 2006
Jan.31 |
Balance c/d |
|
50 |
|
|
| 50 |
|
|
| 50 |
|
|
|
|
|
|
|
|
Depreciation Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.31
|
Furniture |
|
5 | 2006
Jan.31 |
Balance c/d |
|
5 |
|
|
| 5 |
|
|
| 5 |
|
|
|
|
|
|
|
|
Interest on Capital Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.31
|
Capital |
|
25 | 2006
Jan.31 |
Balance c/d |
|
25 |
|
|
| 25 |
|
|
| 25 |
|
|
|
|
|
|
|
|
Salaries Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.31
|
Salaries Outstanding |
|
150 | 2006
Jan.31 |
Balance c/d |
|
150 |
|
|
| 150 |
|
|
| 150 |
|
|
|
|
|
|
|
|
Salaries Outstanding Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.31
|
Balance c/d |
|
150 | 2006 Jan.31 |
Salaries |
|
150 |
|
|
| 150 |
|
|
| 150 |
|
|
|
|
|
|
|
|
Discount Allowed Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006 Jan.07
|
B |
|
10 | 2006
Jan.31 |
Balance c/d |
|
10 |
|
|
| 10 |
|
|
| 10 |
|
|
|
|
|
|
|
|
Discount Received Account | |||||||
Dr. |
|
|
|
|
|
| Cr. |
Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
2006
Jan.31
|
Balance c/d |
|
70 | 2006 Jan.15 Jan.19 |
A C |
|
20 50 |
|
|
| 70 |
|
|
| 70 |
|
|
|
|
|
|
|
|
Trial Balance as on January 31, 2006 | ||
Title of Accounts | Debit Amount Rs | Credit Amount Rs |
Cash Bank Capital Furniture X and Y Co. Purchases Sales Bad Debts Stationery Depreciation Interest on Capital Salaries Salaries Outstanding Discount Allowed Discount Received | 1,640 2,000
495
2,270
200 50 5 25 150
10 |
5,025
500
1,100
150
70 |
| 6,845 | 6,845 |