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CBSE Class 11-commerce Answered

From the following transactions, pass the necessary journal entries in the books of Mr. Arvind Shah, post the same in their ledger and prepare the trial balance. Date Particulars Rs.  2015 Apr 1 Arvind started business with cash 85,000 Apr 25 Purchased goods 25,000 Jun 16 Sold goods 30,000 July 1 Opened a bank account 20,000 Aug 23 Sold goods to Mr. Sujan 5,000 Sep 2 Goods returned by Sujan 1,500 Dec 21 Purchased stationery for cash 2,500 Mar 31 Paid salary in cash 5,000  
Asked by Topperlearning User | 26 Jul, 2016, 12:17: PM
answered-by-expert Expert Answer

Journal entries in the books of Mr. Arvind Shah

Date

Particulars

 

L.F.

Dr. Rs. 

Cr. Rs. 

2015

 

 

 

 

 

Apr 1

Cash A/c

Dr.

 

85,000

 

 

 To Capital A/c

 

 

 

85,000

 

(Being cash brought in for capital)

 

 

 

 

Apr 25

Purchases A/c

Dr.

 

25,000

 

 

 To Cash A/c

 

 

 

25,000

 

(Being the goods purchased for cash)

 

 

 

 

Jun 16

Cash A/c

Dr.

 

30,000

 

 

 To Sales A/c

 

 

 

30,000

 

(Being the goods sold for cash)

 

 

 

 

Jul 1

Bank A/c

Dr.

 

20,000

 

 

 To Cash A/c

 

 

 

20,000

 

(Being bank account opened with cash)

 

Answered by | 26 Jul, 2016, 02:17: PM

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