Journalise the following transactions, post to the ledger:

2005

 

Rs

Nov. 01

Business started with

(i) Cash

1,50,000

 

 

(ii) Goods

50,000

Nov. 03

Purchased goods from Harish

30,000

Nov. 05

Sold goods for cash

12,000

Nov. 08

Purchase furniture for cash

5,000

Nov. 10

Cash paid to Harish on account

15,000

Nov. 13

Paid sundry expenses

200

Nov. 15

Cash sales

15,000

Nov. 18

Deposited into bank

5,000

Nov. 20

Drew cash for personal use

1,000

Nov. 22

Cash paid to Harish in full settlement of account

14,700

Nov. 25

Good sold to Nitesh

7,000

Nov. 26

Cartage paid

200

Nov. 27

Rent paid

1,500

Nov. 29

Received cash from Nitesh

6,800

 

Discount allowed

200

Nov. 30

Salary paid 3,000

 

 

 

Journal

Date

Particulars

L.F.

Debit Amount Rs

Credit Amount

Rs

2005

 

 

 

 

Nov.01

Cash A/c

Dr.

 

1,50,000

 

Stock A/c

Dr.

 

    50,000

 

 

To Capital A/c

 

2,00,000

(Started business with cash and goods)

 

 

 

 

 

 

Nov.03

Purchases A/c

Dr.

 

30,000

 

 

To Harish

 

30,000

(Goods purchased from Harish)

 

 

 

 

 

 

Nov.05

Cash A/c

Dr.

 

12,000

 

 

To Sales A/c

 

12,000

(Goods sold for cash)

 

 

 

 

 

 

 

Nov.08

Furniture A/c

Dr.

 

5,000

 

 

To Cash A/c

 

5,000

(Furniture purchased for cash)

 

 

 

 

 

 

Nov.10

Harish A/c

Dr.

 

15,000

 

 

To Cash A/c

 

15,000

(Cash paid to Harish)

 

 

 

 

 

 

Nov.13

Sundry Expenses A/c

Dr.

 

200

 

 

To Cash

 

200

(Sundry expenses paid)

 

 

 

 

 

 

Nov.15

Cash A/c

Dr.

 

15,000

 

 

To Sales A/c

 

15,000

(Goods sold for cash)

 

 

 

 

 

 

Nov.18

Bank A/c

Dr.

 

5,000

 

 

To Cash A/c

 

5,000

(Cash deposited into bank)

 

 

 

 

 

 

Nov.20

Drawings A/c

Dr.

 

1,000

 

 

To Cash A/c

 

1,000

(Cash drawn for personal use)

 

 

 

 

 

 

Nov.22

Harish

Dr.

 

15,000

 

 

To Cash A/c

 

14,700

 

To Discount Received A/c

 

300

(Payment made to Harish and discount received)

 

 

 

 

 

 

Nov.25

Nitesh

Dr.

 

7,000

 

 

To Sales A/c

 

7,000

(Goods sold to Nitesh)

 

 

 

 

 

 

Nov.26

Cartage A/c

Dr.

 

200

 

 

To Cash A/c

 

200

(Cartage paid)

 

 

 

 

 

 

Nov.27

Rent A/c

Dr.

 

1,500

 

 

To Cash A/c

 

1,500

(Rent paid)

 

 

 

 

 

 

Nov.29

Cash A/c

Dr.

 

6,800

 

Discount Allowed A/c  

 

   200

To Nitesh

7,000

(Cash received from Nitesh and discount allowed)

 

 

 

 

 

 

Nov.30

Salaries A/c

Dr.

 

3,000

 

 

To Cash A/c

 

3,000

(Salary paid)

 

 

 

 

 

 

 

 

Total

 

 

3,16,900

3,16,900

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.01

Capital

 

1,50,000

Nov.08

Furniture

 

5,000

Nov.05

Sales

 

12,000

Nov.10

Harish

 

15,000

Nov.15

Sales

 

15,000

Nov.13

Sundry Expenses

 

200

Nov.29

Nitesh

 

6,800

Nov.18

Bank

 

5,000

 

 

 

 

Nov.20

Drawings

 

1,000

 

 

 

 

Nov.22

Harish

 

14,700

 

 

 

 

Nov.26

Cartage

 

200

 

 

 

 

Nov.27

Rent

 

1,500

 

 

 

 

Nov.30

Salaries

 

3,000

 

 

 

 

Nov.30

Balance c/d

 

1,38,200

 

 

 

1,83,000

 

 

 

1,83,000

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

 Rs

Date

Particulars

J.F.

Amount

 Rs

2005

 

 

 

2005

 

 

 

 

 

 

Nov.01

Cash

 

1,50,000

 

 

 

 

Nov.01

Stock

 

50,000

Nov.30

Balance c/d

 

2,00,000

 

 

 

 

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

 

 

 

 

 

 

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

 Rs

2005

 

 

 

2005

 

 

 

Nov.01

Capital

 

50,000

 

 

 

 

 

 

 

 

Nov. 30

Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

Cartage Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.26

Cash

 

200

 

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.27

Cash

 

1,500

 

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Salaries Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

Nov.30

Cash

 

3,000

 

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

 3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

 

Furniture Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

Nov.08

Cash

 

5,000

 

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Nitesh’s Account

Dr

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.25

Sales

 

7,000

Nov.29

Cash

 

6,800 

 

 

 

 

Nov.29

Discount Allowed

 

200

 

 

 

 

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

 

 

 

 

Nov.05

Cash

 

12,000

 

 

 

 

Nov.15

Cash

 

15,000

Nov.30

Balanced c/d

 

34,000

Nov.25

Nitesh

 

7,000

 

 

 

34,000

 

 

 

34,000

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

Nov.03

Harish

 

30,000

 

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

30,000

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

Harish’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount

Rs

2005

 

 

 

2005

 

 

 

Nov.10

Cash

 

15,000

Nov.03

Purchases

 

30,000

Nov.22

Cash

 

14,700

 

 

 

 

Nov.22

Discount Received

 

300

 

 

 

 

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

Sundry Expenses Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.13

Cash

 

200

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

Bank Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.18

Cash

 

5,000

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.20

Cash

 

1,000

 

 

 

 

 

 

 

Nov.30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

 

 

 

 

Nov.22

Harish

 

300

Nov.30

Balance c/d

 

300

 

 

 

 

 

 

 

300

 

 

 

3,00

 

 

 

 

 

 

 

 

 

Discount Allowed Account

Dr.

Cr.

Date

Particulars

J.F.

Amount Rs

Date

Particulars

J.F.

Amount Rs

2005

 

 

 

2005

 

 

 

Nov.29

Nitesh

 

200

Nov.30

Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

 

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