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
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 |
|
|
|
|
|
|
|
|