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

 

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