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Class 11-commerce NCERT Solutions Accountancy Part I Chapter 4 - Recording of Transactions - II

Recording of Transactions - II Exercise 152

Solution SA 1

Transactions are recorded directly from source documents in the cash book, so there is no need to record transactions in the journal book. Further, on the basis of the cash transactions recorded in the cash book, cash and bank balances can be determined, and so there is no need to prepare cash account (which is a part of ledger) separately. Thus, the cash book serves the purpose of both journal as well as ledger.

The need to record transactions in the journal book ceased to exist as the transactions are recorded directly from source documents in the cash book. A ledger is simply a collection of credit/debit and balances. However, in a cash book, cash and transactions can be determined just on the basis of cash transactions recorded in it. Thus, the cash book serves the purpose of both journal and a ledger.

Solution SA 2

The cash deposits or withdrawals from bank i.e. transactions recorded both on the credit and the debit side can be termed as a contra entry. Transactions which effect both cash and bank balances are indicated by the contra entry. The transactions are recorded in the bank column on the receipt side (Dr.) side and in the cash column on the payment (Cr.) side, on the day of the deposit to the bank. A contra entry is denoted by 'C' in the ledger folio column.

Solution SA 3

All the transactions relating to any small business can be recorded in one book or a journal. However, as the business expands, recording each and every transaction can be a Herculean task, To simplify it, the journals were divided into special journals or special purpose books. Following were the special purpose books:

 i. Cash book

 ii. Purchases book

 iii. Purchases return book

 iv. Sales book

 v. Sales return book

 vi. Journal proper

These special purpose books made accounting work easier and economical.

Solution SA 4

Every organisation needs to keep a record of even the smallest expenses such as on telegrams, postage, conveyance and few others. Such kind of expenses may also be termed as petty expenses. Large organisations, who want to minimise the burden on the accounting, apart from their cashier, appoints petty cashier to maintain a record of the petty expenses. These petty expenses are recorded in the petty cash book which is maintained by the petty cashier.

A petty cash book may be maintained by ordinary system or by imprest system are as follows:

  1. A petty cash book is prepared using the ordinary system. In this, petty cashier is given an appropriate amount of cash and after spending the whole amount, he submits the accounts to the cashier.
  2. A petty cash book is prepared using the imprest system. In this, an imprest amount, a fixed amount is given to the cashier at the start of a certain period. This imprest amount is used up to make the small payments. By the end of the period, the cashier gets a reimbursement for the amount paid. Thus, the cashier will have a full imprest amount at the start of the next period.

Solution SA 5

Posting is the process of transferring the business transactions from cash book/journal to ledgers.

All the transactions are first recorded in the journal and subsequently transferred to their respective accounts.

Solution SA 6

All the transactions relating to any small business can be recorded in one book or a journal. However, as the business expands, recording each and every transaction through journal entry can be a Herculean task, To simplify and in order to save time and effort, the journals were divided into special journals or special purpose books. These special purpose books infused higher degree of accountability to the accountants for the specific subsidiary journal assigned to them and made it easier, economical.

Subsidiary journals are, thus, maintained for the following purposes:

  1. Work is divided to enhance efficiency and effectiveness
  2. Saves time and efforts while recording the transactions
  3. Records transactions of similar nature

Solution SA 7

Return Inwards

Return Outwards

Goods sold to the customers, are returned by them.

Goods purchased are returned to the suppliers.

It has debit balance.

It has credit balance.

It is deducted from sales in the trading account.

It is deducted from purchases in the trading account.

Credit note is prepared by the seller.

Debit note is prepared by the buyer.

It reduces the payment from the debtors.

It reduces the payment made to the creditors.

It is also termed as sales returns.

It is also termed as purchases returns.

 

 

Solution SA 8

All the transactions recorded in the journal and is later transferred to a ledger. A ledger has each page or folio pointing to different account number. This ledger folio number corresponding to that account is then entered in the folio column in the journal. This helps in easily locating the account in the ledger. This ensures that all entries are posted and thus saves time in rechecking and recording.

Solution SA 9

Trade Discount

Cash Discount

It is allowed when goods are purchased or sold.

It is allowed at the time of payment.

It is recorded in a invoice/bill but not in the books.

It is recorded in the discount column of the Cash Book's debit side, if allowed, and credit side, if received.

It is allowed to increase sale.

It is allowed for earlier payment.

It is deducted from the price-list of the goods.

It is not deducted from the price-list of the goods.

 

Solution SA 10

The process of preparing ledger from Journal can be explained with the help of an example. Let us suppose that machinery is purchased from Mr. X, so, the journal entry will be:

Machinery A/c

Dr.

 35,000

 

To Mr. X Account

 

 

35,000

 

In this example, Machinery Account is debited and Mr. X Account is credited. Let us understand the process of preparing ledger from the journal entry.

Account which is debited in the entry:

Step 1: Identify the account in ledger that is debited, i.e., 'Machinery Account'.

Step 2: Enter date in the debit side of the 'Machinery Account' in the 'Date' column.

Step 3: Enter the name of the account as 'Mr. X Account' (which is credited in the entry) in the 'Particulars' column in the debit side of the Machinery Account.

Step 4: Enter the page number of the journal, where the entry is recorded in the 'J.F.' (journal folio) column.

Step 5: Post the corresponding amount in the 'Amount' column, which is recorded against 'Machinery Account' in the journal entry.

Account which is credited in entry:

Step 1: Identify the account in ledger that is credited, i.e., 'Mr. X Account'.

Step 2: Enter date in the credit side of 'Mr. X Account' in the 'Date' column.

Step 3: Enter the name of the account as 'Machinery Account' (which is debited in the entry) in the 'Particulars' column in the credit side of the 'Machinery Account'.

Step 4: Enter the page number of the journal where the entry is recorded in the 'J.F.' (journal folio) column.

Step 5: Post the corresponding amount in the 'Amount' column, which is recorded against 'Mr. X Account' in the journal entry.

Solution SA 11

A petty cash book is prepared using the imprest system. In this, an imprest amount, a fixed amount is given to the cashier at the start of a certain period. This imprest amount is used up to make the small payments. By the end of the period, the cashier gets a reimbursement for the amount paid. Thus, the cashier will have a full imprest amount at the start of the next period.

For example, if the main cashier gives an imprest amount of Rs.3000 to the petty cashier on May 01, 2014 and at the end of the month the petty expenses amount spent by the petty cashier sums up to be Rs.2500. In this case, Rs.2500 will be reimbursed, so, that on June 01, 2014, the petty cashier will have Rs.3,000 at his disposable to meet petty expenses for the next month.

Solution LA 1

The need for drawing up the special purpose book is given below:

  1. Easy posting of similar natured transactions: Posting becomes a lot easier if we are able to record similar transactions at one place as most of the businesses have similar and repetitive transactions.
  2. Comprehensive information at one place: All transaction information related to purchases, sales, cash receipts and payments are easily available and is hassle-free.
  3. Quick and efficient recording: It is a time consuming process to record all the transactions in a journal. If there are separate books, then recording of transactions can be done more efficiently and timely. So, the need of special purpose book arises.
  4. Economical: It is more economical as recording through the special purpose books saves time and also enhances the efficiency of accountants and clerks.

Solution LA 2

Cash book is a book of original entry which it records all transactions related to payments of cash, receipts and deposits in and withdrawals from a bank on a monthly basis. Cash book also serves the purpose of both journal and a ledger.

  

  1. Single Column Cash Book: A single column cash book contains one column of amount on both sides i.e. one in the debit side and other on the credit side. In this, cash transactions are recorded in a chronological order. All cash receipts are recorded on the debit side of the cash book, while side all cash payments are recorded on the credit side.
  2. Double Column Cash Book: A double column cash book contains two columns of amount, namely cash column and bank column on both sides. On the left side, the payments to the bank were recorded and the right side had all the payments/withdrawals from the bank.

Cash Book

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash Rs. 

Bank Rs. 

Date

Particular

L.F.

Cash Rs. 

Bank Rs. 

 

 

 

 

 

 

 

 

 

 

 

  1. Triple Column Cash Book: In a triple column Cash Book, there are three columns of amount namely, cash, bank and discount. Discount allowed and discount received are recorded in the discount column. While in the debit side, discount allowed is recorded along with the receipts, either in cash or through cheque; whereas, in the credit side, discount received is recorded, along with the payments made either in cash or by issuing cheques.
  2. Petty Cash Book: Large organisations, who want to minimise the burden on the accounting, apart from their cashier, appoints petty cashier to maintain a record of the petty expenses. These petty expenses are recorded in the petty cash book which is maintained by the petty cashier.

Solution LA 3

The cash deposits or withdrawals from bank i.e. transactions recorded both on the credit and the debit side can be termed as a contra entry. Transactions which effect both cash and bank balances are indicated by the contra entry. The transactions are recorded/showed in the bank column on the receipt side (Dr.) and in the cash column on the payment (Cr.) side, on the day of the deposit to the bank. A contra entry is denoted by 'C' in the ledger folio column.

For example, Rs.500 cash was deposited into the bank. This transaction increases the bank amount on one hand and on the other hand, reduces the cash balance. In this entry, on the debit side of the cash book, 'Cash' will be recorded with a balance of Rs.500 in the bank column and on the credit side of the cash book, 'Bank' will be recorded with a balance of Rs.500 in the cash column. This entry is a contra entry as it affects both cash and bank balance together. The contra entries are denoted by 'C'.

Some transactions which lead to contra entry are given below.

  1. Opening a bank account
  2. Depositing cash into bank
  3. Withdrawal from bank 

These transactions are recorded in a double column Cash Book as given below.

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash Rs. 

Bank Rs. 

Date

Particulars

L.F.

Cash Rs. 

Bank Rs. 

 

 

 

 

 

 

 

 

 

 

 

Recording of Transactions - II Exercise 153

Solution LA 4

Every organisation needs to keep a record of even the smallest expenses such as on telegrams, postage, conveyance and few others. Such kind of expenses may also be termed as petty expenses. Large organisations, who want to minimise the burden on the accounting, apart from their cashier, appoints petty cashier to maintain a record of the petty expenses. These petty expenses are recorded in the petty cash book which is maintained by the petty cashier.

A petty cash book is prepared using the imprest system. In this, an imprest amount, a fixed amount is given to the cashier at the start of a certain period. This imprest amount is used up to make the small payments. By the end of the period, the cashier gets a reimbursement for the amount paid. Thus, the cashier will have a full imprest amount at the start of the next period.

The performance of petty cash book is given below.

Petty Cash book

Receipts

Rs. 

Date 

V. No.

 

Particulars  

Total

Payment Rs.  

Analysis of Payments 

 

 

 

 

 

Stationery  

Conveyance  

Telephone and 

Telegram  

Miscellaneous  

 

Advantages of Petty Cash Book: 

  1. Error free and control efficiency: All the recorded transactions are audited at the end of the period by the main cashier.
  2. Saves time: Saves time of the main cashier in recording the transactions.
  3. Easy posting: Entries are recorded under separate headings, which makes posting easier and quicker.

Solution LA 5

All the transactions relating to any small business can be recorded in one book or a journal. However, as the business expands, recording each and every transaction through journal entry can be a Herculean task, To simplify and in order to save time and effort, the journals were divided into special journals or special purpose books. These special purpose books infused higher degree of accountability to the accountants for the specific subsidiary journal assigned to them and made it easier and economical.

The advantages of sub-division of journal are:

  1. Work divided to enhance efficiency and effectiveness: If there is large number of transactions, multiple entries are to be entered into the journal which will be a tough task. Sub-dividing the journals will be flexible and will enable different accountants to work on different books at a time.
  2. Sense of accountability: These special purpose books infuse higher degree of accountability to the accountants for the specific subsidiary journal assigned to them.
  3. Saves time and efforts: The subsidiary books were brought in place in order to reduce an accountant's time spent on gathering and recording transactions all together in a single journal. Here, work and the journals are divided so as to save time and efforts.
  4. Records transactions of similar nature: Special purpose books are assigned to record transactions of similar nature so as to get a ready and easy access to such information. Also, any information regarding any transactions can be easily located in a subsidiary book as compared to a journal.

Solution LA 6

At the end of each accounting period, quarterly, monthly, weekly or fortnightly, the net effect of each amount in the accounts specified in the ledger are balanced and calculated. When the two sides, the credit and the debit, are balanced, it is termed as balancing of an account. The difference between the two sides is calculated and the side which is falling short of reaching the total is mentioned. 'Balance c/d' is written against the difference amount which will be written on the debit side, if the credit exceeds the debit, known as credit balance and 'Balance b/d' on the credit side, if the debit exceeds the credit, known as debit balance.

Solution NUM 1

CASH BOOK

Dr.

 

 

 

 

 

 

Cr.

Date

Receipts

L.F.

Amount

Rs.

Date

Payments 

L.F.

Amount

Rs.

2016

 

 

 

2016

 

 

 

Dec 01

To Balance b/d

 

12,000

Dec 07

By Rent A/c

 

2,000

Dec 05

To Bhanu A/c

 

4,000

Dec 10

By Purchases A/c

 

 

6,000

Dec 15

To Sales A/c

 

9,000

Dec 18

By Stationery A/c

 

 

300

 

 

 

 

Dec 22

By Rahul A/c

 

2,000

 

 

 

 

Dec 28

By Salary A/c

 

1,000

 

 

 

 

Dec 30

By Rent A/c

 

500

 

 

 

 

Dec 31

By Balance c/d

 

13,200

 

 

 

25,000

 

 

 

25,000

2017

 

 

 

2017

 

 

 

Jan 1

To Balance b/d

 

13,200

 

 

 

 

 

Solution NUM 2

 

CASH BOOK

Dr.

 

 

 

 

 

 

Cr.

Date

Receipts

L.F.

Amount

Rs.

Date

Payments

L.F.

Amount Rs. 

2016

 

 

 

2016

 

 

 

Nov 01

To Balance b/d

 

12,500

Nov 04

By Hari A/c

 

600

Nov 12

To Amit A/c

 

1,960

Nov 07

By Purchases A/c

 

800

Nov 16

To Sales A/c

 

800

Nov 20

By Manish A/c

 

590

 

 

 

 

Nov 25

By Cartage A/c

 

100

 

 

 

 

Nov 30

By Salary A/c

 

1,000

 

 

 

 

Nov 30

By Balance c/d

 

 

12,170

 

 

 

15,260

 

 

 

15,260

Dec 1

To Balance b/d

 

12,170

 

 

 

 

 

 

Solution NUM 3

CASH BOOK

Dr.

 

 

 

 

 

 

Cr.

Date

Receipts

L.F.

Amount

Rs.

Date

Payments

L.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Dec 01

To Balance b/d

 

7,750

Dec 04

By Sonu A/c

 

45

Dec 15

To Prakash A/c

 

960

Dec 08

By Purchases A/c

 

600

Dec 20

To Sales A/c

 

500

Dec 25

By S. Kumar A/c

 

1,200

 

 

 

 

Dec 30

By Rent A/c

 

600

 

 

 

 

Dec 31

By Balance c/d

 

6,765

 

 

 

9,210

 

 

 

9,210

2018

 

 

 

2018

 

 

 

Jan 1

To Balance b/d

 

6,765

 

 

 

 

 

 

Solution NUM 4

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2016

 

 

 

 

2016

 

 

 

 

Dec

01

To Capital A/c

 

80,000

 

Dec

04

By Bank A/c

C

50,000

 

Dec

04

To Cash A/c

C

 

50,000

Dec

15

By Purchases A/c

 

8,000

 

Dec

10

To Rahul A/c

 

1,000

 

Dec

22

By Purchases A/c

 

 

10,000

Dec

30

To Bank A/c

C

2,000

 

Dec

25

By Shyam A/c

 

20,000

 

 

 

 

 

 

Dec

30

By Cash A/c

C

 

2,000

 

 

 

 

 

Dec

31

By Rent A/c

 

 

1,000

 

 

 

 

 

Dec

31

By Balance c/d

 

5,000

37,000

 

 

 

83,000

50,000

 

 

 

83,000

50,000

2017

 

 

 

 

2017

 

 

 

 

Jan 1

To Balance b/d

 

5,000

37,000

 

 

 

 

 

 

 

Recording of Transactions - II Exercise 154

Solution NUM 5

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2016

 

 

 

 

2016

 

 

 

 

Dec

01

To Capital A/c

 

1,20,000

 

Dec

 03

By Bank A/c

C

50,000

 

Dec

03

To Cash A/c

C

 

50,000

Dec

10

By Sushmita A/c

 

20,000

 

Dec

06

To Dinker A/c

 

20,000

 

Dec

14

By Bank A/c

C

20,000

 

Dec

14

To Cash A/c

C

 

20,000

Dec

20

By Cartage A/c

 

500

 

Dec

22

To Rani A/c

 

12,000

 

Dec

30

By Drawings A/c

 

2000

 

Dec

27

To Commission A/c

 

5,000

 

Dec

31

By Balance b/d

 

64,500

70,000

 

 

 

1,57,000

70,000

 

 

 

1,57,000

70,000

2017

 

 

 

 

2017

 

 

 

 

Jan 1

To Balance b/d

 

64,500

70,000

 

 

 

 

 

 

Solution NUM 6

M/s Ambika Traders

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2017

 

 

 

 

2017

 

 

 

 

Jul

01

To Capital A/c

 

50,000

 

Jul

03

By Bank A/c

C

30,000

 

Jul

03

To Cash A/c

C

 

30,000

Jul

05

By Purchases A/c

 

10,000

 

Jul

15

To Rohan A/c

 

7,000

 

Jul

10

By Office Machine A/c

 

5,000

 

Jul

18

To Sales A/c

 

8,000

 

Jul

20

By Bank A/c

C

7,000

 

Jul

20

To Cash A/c

C

 

7,000

Jul

22

By Cartage A/c

 

 

500

 

 

 

 

 

Jul

25

By Drawings A/c

 

2,000

 

 

 

 

 

 

Jul

30

By Rent A/c

 

 

1,000

 

 

 

 

 

Jul

30

By Balance c/d

 

11,000

35,500

 

 

 

65,000

37,000

 

 

 

65,000

37,000

Aug 1

To Balance b/d

 

11,000

35,500

 

 

 

 

 

 

 

Solution NUM 7

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2017

 

 

 

 

2017

 

 

 

 

Jul

01

To Balance b/d

 

7,500

 

Jul

01

By Balance b/d (Overdraft)

 

 

3,500

Jul

05

To Sales A/c

 

7,000

 

Jul

03

By Wages A/c

 

200

 

Jul

10

To Cash A/c

C

 

4,000

Jul

10

By Bank A/c

C

4,000

 

 

 

 

 

 

Jul

15

By Purchases A/c

 

 

2,000

 

 

 

 

 

Jul

20

By Rent A/c

 

500

 

 

 

 

 

 

Jul

25

By Drawings A/c

 

 

400

 

 

 

 

 

Jul

30

By Salaries A/c

 

1,000

 

Jul

30

To Balance c/d (overdraft)

 

 

1,900

Jul 30

Balance c/d

 

8,800

 

 

 

 

14,500

5,900

 

 

 

14,500

5,900

Aug 1

To Balance b/d

 

8,800

 

Aug 1

By Balance b/d (Overdraft)

 

 

1,900

 

Recording of Transactions - II Exercise 155

Solution NUM 8

 CASH BOOK 

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particular

L.F.

Cash

Bank

Date

Particular

L.F.

Cash

Bank

2017

 

 

 

 

2017

 

 

 

 

Jan

01

To Balance b/d

 

3,500

 

Jan

01

By Balance b/d

 

 

2,300

Jan

10

To Sales A/c

 

8,000

 

Jan

03

By Purchases A/c

 

1,200

 

Jan

15

To Cash A/c

C

 

6,000

Jan

05

By Wages A/c

 

200

 

Jan

22

To Sales A/c

 

 

2,000

Jan

15

By Bank A/c

C

6,000

 

 

 

 

 

 

Jan

25

By Rent A/c

 

 

1,200

 

 

 

 

 

Jan

28

By Drawings A/c

 

 

1,000

 

 

 

 

 

Jan

31

By Purchases A/c

 

 

1,000

 

 

 

 

 

Jan

31

By Balance c/d

 

4,100

2,500

 

 

 

11,500

8,000

 

 

 

11,500

8,000

Feb 1

To Balance b/d

 

4,100

2,500

 

 

 

 

 

 

Solution NUM 9

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

 Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2017

 

 

 

 

2017

 

 

 

 

Aug

01

To Balance c/d

 

17,500

5,000

Aug

03

By Purchases A/c

 

3,000

 

Aug

08

To Sales A/c

 

7,000

 

Aug

12

By Purchases A/c

 

 

20,000 

Aug

10

To Cheque in hand A/c (Jasmeet)

 

 

10,000

Aug

15

By Establishment Expenses A/c

 

 

1,000

Aug

18

To Sales A/c

 

7,000

 

Aug

20

By Bank A/c

C

10,000

 

Aug

20

To Cash A/c

C

 

10,000

Aug

24

By Trade Expenses A/c

 

500

 

Aug

27

To Commission A/c

 

 

6,000

Aug

29

By Rent A/c

 

2,000

 

 

 

 

 

 

Aug

30

By Drawings A/c

 

1,200

 

 

 

 

 

 

Aug

31

By Salaries A/c

 

6,000

 

 

 

 

 

 

Aug

31

By Balance c/d

 

8,800

10,000

 

 

 

31,500

31,000

 

 

 

31,500

31,000

2017

 

 

 

 

2017

 

 

 

 

Sept 1

To Balance b/d

 

8,800

10,000

 

 

 

 

 

 

Note:

Cheque received from Jasmeet on 5th August, 2017 will be recorded in Journal Proper:

 

 

Rs. 

Rs. 

Cheque in Hand A/c

Dr.

10,000

 

To Jasmeet A/c

 

 

10,000

(Being cheque received from Jasmeet not yet deposited)

 

 

 

 

When the above cheque is deposited into bank (i.e., 10th August, 2017) it will be recorded in debit column of Bank.

Solution NUM 10

M/s Ruchi Traders

CASH BOOK

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

 Rs.

Bank

Rs.

Date

Particular

L.F.

Cash

Rs.

Bank

Rs.

2017

 

 

 

 

2017

 

 

 

 

Jul

01

To Balance b/d

 

1,354

7,560

Jul

05

By Purchases A/c

 

 

6,000

Jul

03

To Sales A/c

 

2,300

 

Jul

12

By Trade expenses A/c

 

700

 

Jul

08

To Sales A/c

 

10,000

 

Jul

18

By Motor car A/c

 

 

15,000

Jul

15

To Sales A/c

 

 

20,000

Jul

25

By Manisha A/c (Dishonoured)

 

 

10,000

Jul

20

To Manisha A/c

 

 

10,000

Jul

28

By Rent A/c

 

2,000

 

Jul

22

To Sales A/c

 

7,000

 

Jul

29

By Telephone Expenses A/c

 

 

500

 

 

 

 

 

Jul

31

By Drawings A/c

 

2,000

 

 

 

 

 

 

Jul

31

By Balance c/d

 

15,954

6,060

 

 

 

20,654

37,560

 

 

 

20,654

37,560

2017

 

 

 

 

2017

 

 

 

 

Aug 1

To Balance b/d

 

15,954

6,060

 

 

 

 

 

 

 

Recording of Transactions - II Exercise 156

Solution NUM 11

 

Petty Cash Book

Amount Received Rs. 

Date

Particulars

Voucher No.

Amount Paid

Rs.

Analysis of Payments

Telephone and Telegram

Postage

Conveyance

Refreshment

Cartage

Miscellaneous

2,000

Jan 01

To Cash A/c

 

 

 

 

 

 

 

 

 

Jan 01

By Cartage A/c

 

50

 

 

 

 

50

 

 

Jan 02

By STD charges A/c

 

40

40

 

 

 

 

 

 

Jan 02

By Bus fare A/c

 

20

 

 

20

 

 

 

 

Jan 03

By Postage A/c

 

30

 

30

 

 

 

 

 

Jan 04

By Refreshment for employees A/c

 

80

 

 

 

80

 

 

 

Jan 06

By Courier charges A/c

 

30

 

30

 

 

 

 

 

Jan 08

By Refreshment of customer A/c

 

50

 

 

 

50

 

 

 

Jan 10

By Cartage A/c

 

35

 

 

 

 

35

 

 

Jan 15

By Taxi fare to manager A/c

 

70

 

 

70

 

 

 

 

Jan 18

By Stationery A/c

 

65

 

 

 

 

 

65

 

Jan 20

By Bus fare A/c

 

10

 

 

10

 

 

 

 

Jan 22

By Fax Charges A/c

 

30

30

 

 

 

 

 

 

Jan 25

By Telegrams charges A/c

 

35

35

 

 

 

 

 

 

Jan 27

By Postage Stamps A/c

 

200

 

200

 

 

 

 

 

Jan 29

By Repairs on Furniture A/c

 

105

 

 

 

 

 

105

 

Jan 30

By Laundry expenses A/c

 

115

 

 

 

 

 

115

 

Jan 31

By Miscellaneous expenses A/c

 

100

 

 

 

 

 

100

 

 

 

 

1,065

105

260

100

130

85

385

 

Jan 31

By Balance c/d

 

935

 

 

 

 

 

 

2,000 

 

 

 

2,000

 

 

 

 

 

 

935

Feb 01

To Balance b/d

 

 

 

 

 

 

 

 

1,065

Feb 02

To Cash A/c

 

 

 

 

 

 

 

 

 

 

 

Solution NUM 12

 

Petty Cash Book

Amount received Rs. 

Date

Particulars

Voucher No.

Amount paid

Analysis of payments

Stationery

Conveyance

Cartage

Postage

miscellaneous

 

2017

 

 

 

 

 

 

 

 

500

Jan 24

To Cash A/c

 

 

 

 

 

 

 

 

Jan 24

By Stationery A/c

 

100

100

 

 

 

 

 

Jan 25

By Bus fare A/c

 

12

 

12

 

 

 

 

Jan 25

By Cartage A/c

 

40

 

 

40

 

 

 

Jan 26

By Taxi fare A/c

 

80

 

80

 

 

 

 

Jan 27

By Wages to casual labour A/c

 

90

 

 

 

 

90

 

Jan 29

By Postage A/c

 

80

 

 

 

80

 

 

 

 

 

402

100

92

40

80

90

 

Jan 30

By Balance c/d

 

98

 

 

 

 

 

500

2017

 

 

500

 

 

 

 

 

98

Jan 31

To Balance b/d

 

 

 

 

 

 

 

402

Jan 31

To Cash A/c

 

 

 

 

 

 

 

 

 

Solution NUM 13

Books of M/s. Gupta Traders

Purchases Book

Date

Invoice No.

Name of Supplier

(Accounts to be credited)

L.F.

Details

Rs.

Amount

Rs.

2017

 

 

 

 

 

July 1

20041

Rahul Traders

 

 

 

 

 

40 Registers @ Rs.60 each

 

2,400

 

 

 

80 Gel Pens @ Rs.15 each

 

1,200

 

 

 

50 Note books @ Rs.20 each

 

1,000

 

 

 

 

 

4,600

 

 

 

Less: Trade discount 10% 

 

460

4,140

 

 

 

 

 

 

July 15

1132

Global Stationers

 

 

 

 

 

40 Ink Pads @ Rs.8 each

 

320

 

 

 

50 Files @ Rs.10 each

 

500

 

 

 

20 Colour Books @ Rs.20 each

 

400

 

 

 

 

 

1,220

 

 

 

Less: Trade discount 5%

 

61

1,159

 

 

 

 

 

 

July 25

1111

Mumbai Traders

 

 

 

 

 

10 Paper Rim @ Rs.100 per rim

 

1,000

 

 

 

400 Drawing Sheets @ Rs.3 each

 

1,200

 

 

 

20 Packet water colour @ Rs.40 per packet

 

800

3,000

July 31

 

Purchases A/c Dr.

 

 

8,299

 

Note:

Purchase of Furniture from Lamba Furniture is not recorded in Purchase Book as furniture is not considered goods for M/s Gupta Traders. According to transactions M/s Gupta Traders deal in stationery and not in furniture.

Recording of Transactions - II Exercise 157

Solution NUM 14

Books of M/s. Bansal Electronics

Sales book

Date

Invoice No.

Name of Customers

(Accounts to be Debited )

L.F.

Details

Amount

Rs.

2014

 

 

 

 

 

Sept 1

4321

Amit Traders

 

 

 

 

 

20 Pocket Radio @70 per radio. 

 

1,400

 

 

 

2.T.V set, BandW (6'') @ Rs. 800 per T.V. 

 

1,600

3,000

 

 

 

 

 

 

Sept 10

4351

Arun Electronics

 

 

 

 

 

5 T.V. sets (20'') BandW@ Rs.3,000 per T.V.

 

15,000

 

 

 

2 T.V. sets (21'') colour @ Rs.4800 per T.V.

 

9,600

24,600

 

 

 

 

 

 

Sept 22

4399

Handa Electronics

 

 

 

 

 

10 Tape recorders @ Rs.600 each

 

6,000

 

 

 

5 Walkman @ Rs.300 each

 

1,500

7,500

 

 

 

 

 

 

Sept 28

4430

Harish Traders

 

 

 

 

 

10 Mixer Juicer Grinder @ Rs.800 each

 

8,000

8,000

Sept 30

 

Sales A/c Cr.

 

 

43,100

 

Solution NUM 15

Purchases Return Book

Date

Debit Note no.

Name of Supplier

(Account to be debited )

 

L.F.

Amount

Rs.

2017

 

 

 

 

 

April 05

 

M/s Kartik Traders

 

 

1,200

April 10

 

Sahil Pvt. Ltd. 

 

 

2,500

April 17

 

M/s Kohinoor Traders 

 

 

 

 

 

List Price

2,000

 

 

 

 

Less: 10% Trade discount

200

 

1,800

April 28

 

M/s Handa Traders

 

 

550

 

 

 

 

 

 

April 31

 

Purchase Return A/c

  Cr.

 

6,050

 

Recording of Transactions - II Exercise 158

Solution NUM 16

Books of M/s. Bansal Electronics

Sales Return Book

Date

Credit Note no.

Name of Customer

(Account to be Credited )

L.F.

Amount

Rs.

2017

 

 

 

 

July 04

 

M/s Gupta Traders

 

1,500

July 10

 

M/s Harish Traders

 

800

July 18

 

M/s Rahul Traders 

 

1,200

July 28

 

Sushil Traders 

 

1,000

July 30

 

Sales Return A/c  Dr.

 

4,500

 

Solution NUM 17

Journal

Purchases Book

Date

Invoice No.

Name of Supplier

(Account to be credited)

 

L.F.

Amount

Rs. 

2017

 

 

 

 

 

Feb 04

 

Kushal Traders

 

 

2,480

Feb 14

 

Kunal Traders

 

 

5,200

Feb 17

 

Naresh 

 

 

4,060

Feb 24

 

Kirit and Co.

5,700

 

 

 

 

Less : trade discount 10%

(570)

 

5,130

 

 

 

 

 

 

Feb 28

 

Purchases A/c

 Dr.

 

16,870

 

Sales Book

Date

Invoice No.

Name of Customer

(Accounts to be debited )

 

L.F.

AmountRs. 

2017

 

 

 

 

 

Feb 01

 

Sachin 

 

 

5,000

Feb 06

 

Manish traders

 

 

2,100

Feb 10

 

Mukesh 

 

 

3,300

Feb25

 

Shri Chand

6,600

 

 

 

 

Less: 5% Trade discount

(330)

 

6,270

Feb 26

 

Ramesh Brothers

 

 

4,000

 

 

 

 

 

 

Feb 28

 

Sales A/c  Cr.

 

 

20,670

 

Sales Return Book

Date

Credit Note no.

Name of Customer

(Account to be Credited)

L.F.

Amount

Rs. 

2017

 

 

 

 

Feb 07

 

Sachin 

 

600

Feb 22

 

Mukesh 

 

250

Feb 28

 

Ramesh Brothers

 

500

 

 

 

 

 

Feb 28

 

Sales Return A/c  Dr.

 

1,350

 

Purchases Return Book

Date

Debit Note no.

Name of supplier

(Account to be debited )

 

L.F.

Amount

Rs. 

2017

 

 

 

 

 

Feb 08

 

Kushal Traders

 

 

280

Feb 20

 

Kunal Traders

 

 

200

Feb 28

 

Kirit and Co.

1000

 

 

 

 

Less: 10% Trade Discount

(100)

 

900

 

 

 

 

 

 

Feb 28

 

Purchase Return A/c

Cr.

 

1,380

 

Journal Proper

Date

Particulars

 

L.F.

Debit

Rs. 

Credit

Rs. 

2017

 

 

 

 

 

Feb 15

Furniture A/c

Dr.

 

3,200

 

 

To Tarun A/c

 

 

 

3,200

 

(Being furniture purchased from tarun)

 

 

 

 

 

Ledger

Purchase Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 28

To Sundries as per Purchases Book

 

16,870

 

 

 

 

 

 

 

 

Feb 28

By Balance c/d

 

16,870

 

 

 

16,870

 

 

 

16,870

 

Sales Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Feb 28

By Sundries as per Sales Book

 

20,670

Feb 28

To Balance c/d

 

20,670

 

 

 

 

 

 

 

20,670

 

 

 

20,670

 

Sales Return Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 28

To Sundries as per Sales Return Book

 

1,350

 

 

 

 

 

 

 

 

Feb 28

By Balance c/d

 

1,350

 

 

 

1,350

 

 

 

1,350

 

Purchases Return Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Feb 28

By Sundries as per Purchases Book

 

1,380

Feb 28

To Balance c/d

 

1,380

 

 

 

 

 

 

 

1,380

 

 

 

1,380

 

Sachin's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 01

To Sales A/c

 

5,000

Feb 07

By Sales Return A/c

 

600

 

 

 

 

Feb 28

By Balance c/d

 

4,400

 

 

 

5,000

 

 

 

5,000

 

 

Kushal Traders' Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 08

To Purchases Return A/c

 

280

Feb 04

By Purchases A/c

 

2,480

Feb 28

To Balance c/d

 

2,200

 

 

 

 

 

 

 

2,480

 

 

 

2,480

 

 

Manish Traders' Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 06

To Sales A/c

 

2,100

 

 

 

 

 

 

 

 

Feb 28

By Balance c/d

 

2,100

 

 

 

2,100

 

 

 

2,100

 

 

Mukesh's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 10

To Sales A/c

 

3,300

Feb 22

By Sales Return A/c

 

250

 

 

 

 

Feb 28

By Balance c/d

 

3,050

 

 

 

3,300

 

 

 

3,300

 

Kunal Traders' Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 20

To Purchase Return A/c

 

200

Feb 14

By Purchases A/c

 

5,200

Feb 28

To Balance c/d

 

5,000

 

 

 

 

 

 

 

5,200

 

 

 

5,200

 

Furniture Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 15

To Tarun A/c

 

3,200

 

 

 

 

 

 

 

 

Feb 28

By Balance c/d

 

3,200

 

 

 

3,200

 

 

 

3,200

 

 

Tarun's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Feb 15

By Furniture A/c

 

3,200

Feb 28

To Balance c/d

 

3,200

 

 

 

 

 

 

 

3,200

 

 

 

3,200

 

 

Naresh's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Feb 17

By Purchases A/c

 

4,060

Feb 28

To Balance c/d

 

4,060

 

 

 

 

 

 

 

4,060

 

 

 

4,060

 

 

Kirit and Co. Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 28

To Purchases Return A/c

 

900

Feb 24

By Purchases A/c

 

5,130

Feb 28

To Balance c/d

 

4,230

 

 

 

 

 

 

 

5,130

 

 

 

5,130

 

 

Shri Chand and Co. Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 25

To Sales A/c

 

6,270

 

 

 

 

 

 

 

 

Feb 28

By Balance c/d

 

6,270

 

 

 

6,270

 

 

 

6,270

 

 

Ramesh's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Feb 26

To Sales A/c

 

4,000

Feb 28

By Sales Return A/c

 

500

 

 

 

 

Feb 28

By Balance c/d

 

3,500

 

 

 

4,000

 

 

 

4,000

 

 

Solution NUM 18

Books of M/s Marble traders

 

 

Date

Particulars

 

L.F.

Debit

Rs. 

Credit

Rs. 

2017

 

 

 

 

 

April 1

Cash A/c

Dr.

 

6,000

 

 

Bank A/c

Dr.

 

12,000

 

 

Bills receivable A/c

Dr.

 

7,000

 

 

Stock A/c

Dr.

 

5,400

 

 

Rahul's A/c

Dr.

 

9,700

 

 

Himanshu's A/c

Dr.

 

10,000

 

 

To Ramesh's A/c

 

 

 

3,000

 

To Bill's payable A/c

 

 

 

2,000

 

To Capital A/c (balancing figure )

 

 

 

45,100

 

(Being balance brought from last year)

 

 

 

 

 

 

 

 

 

 

April 01

Manish A/c

Dr.

 

3,000

 

 

To Sales A/c

 

 

 

3,000

 

(Being Goods sold to Manish)

 

 

 

 

 

 

 

 

 

 

Apr 02

Purchases A/c

Dr.

 

8,000

 

 

To Ramesh A/c

 

 

 

8,000

 

(Being goods purchased from Ramesh)

 

 

 

 

 

 

 

 

 

 

Apr 03

Cash A/c

Dr.

 

9,200

 

 

Discount Allowed A/c

Dr.

 

500

 

 

To Rahul A/c

 

 

 

9,700

 

(Being cash received from Rahul and discount allowed)

 

 

 

 

 

 

 

 

 

 

Apr 05

Cash A/c

Dr.

 

4,000

 

 

To Himanshu A/c

 

 

 

4,000

 

(Being cash received from Himanshu)

 

 

 

 

 

 

 

 

 

 

Apr 06

Ramesh A/c

Dr.

 

6,000

 

 

To Bank A/c

 

 

 

6,000

 

(Being cheque issued to Ramesh)

 

 

 

 

 

 

 

 

 

 

Apr 08

Rent A/c

Dr.

 

1,200

 

 

To Bank A/c

 

 

 

1,200

 

(Being rent paid by cheque)

 

 

 

 

 

 

 

 

 

 

Apr 10

Cash A/c

Dr.

 

3,000

 

 

To Manish A/c

 

 

 

3,000

 

(Being cash received from Manish)

 

 

 

 

 

 

 

 

 

 

Apr 12

Cash A/c

Dr.

 

6,000

 

 

To Sales A/c

 

 

 

6,000

 

(Being goods sold for cash)

 

 

 

 

 

 

 

 

 

 

Apr 14

Ramesh A/c

Dr.

 

1,000

 

 

To Purchase Return A/c

 

 

 

1,000

 

(Being goods returned to Ramesh)

 

 

 

 

 

 

 

 

 

 

Apr 15

Ramesh A/c

Dr.

 

4,000

 

 

To Cash A/c

 

 

 

3,700

 

To Discount Received A/c

 

 

 

300

 

(Being Cash paid to Ramesh and discount received)

 

 

 

 

 

 

 

 

 

 

Apr 18

Kushal A/c

Dr.

 

10,000

 

 

To Sales A/c

 

 

 

10,000

 

(Being goods sold to Kushal)

 

 

 

 

 

 

 

 

 

 

Apr 20

Trade Expenses A/c

Dr.

 

200

 

 

To Cash A/c

 

 

 

200

 

(Being trade expenses paid)

 

 

 

 

 

 

 

 

 

 

Apr 21

Drawings A/c

Dr.

 

1000

 

 

To Cash A/c

 

 

 

1000

 

(Being cash withdrawn for personal use)

 

 

 

 

 

 

 

 

 

 

Apr 22

Sales Return A/c

Dr.

 

1200

 

 

To Kushal

 

 

 

1200

 

(Being Kushal retrun goods)

 

 

 

 

 

 

 

 

 

 

Apr 24

Cash A/c

Dr.

 

6000

 

 

To Kushal A/c

 

 

 

6000

 

(Being cash recived from Kushal)

 

 

 

 

 

 

 

 

 

 

Apr 26

Stationery A/c

Dr.

 

100

 

 

To cash

 

 

 

100

 

(Being stationery paid )

 

 

 

 

 

 

 

 

 

 

Apr 27

Postage A/c

Dr.

 

60

 

 

To cash A/c

 

 

 

60

 

(Being postage charges paid)

 

 

 

 

 

 

 

 

 

 

Apr 28

Salaries A/c

Dr.

 

2500

 

 

To cash A/c

 

 

 

2500

 

(Being salary paid)

 

 

 

 

 

 

 

 

 

 

Apr 29

Purchase A/c

Dr.

 

7000

 

 

To Sheetal Traders

 

 

 

7000

 

(Being goods purchased from Sheetal Traders)

 

 

 

 

 

 

 

 

 

 

Apr 30

Kirit A/c

Dr.

 

6000

 

 

To sales A/c

 

 

 

6000

 

(Being goods sold to Kirit)

 

 

 

 

 

 

 

 

 

 

Apr 30

Purchases A/c

Dr.

 

5000

 

 

To Handa Traders

 

 

 

5000

 

(Being goods Purchase from Handa Traders)

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

1,35,060

1,35,060

 

 

Ledger

Cash Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

6,000

Apr 15

By Ramesh A/c

 

3,700

Apr 03

To Rahul A/c

 

9,200

Apr 20

By Trade Expenses A/c

 

200

Apr 05

To Himanshu A/c

 

4,000

Apr 21

By Drawing A/c

 

1,000

Apr 10

To Manish A/c

 

3,000

Apr 26

By Stationery A/c

 

100

Apr 12

To Sales A/c

 

6,000

Apr 27

By Postage A/c

 

60

Apr 15

To Kushal A/c

 

6,000

Apr 28

By Salaries A/c

 

2,500

 

 

 

 

Apr 30

By Balance c/d

 

26,640

 

 

 

34,200

 

 

 

34,200

 

 

Bank Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

12,000

Apr 06

By Ramesh A/c

 

6,000

 

 

 

 

Apr 08

By Rent A/c

 

1,000

 

 

 

 

Apr 30

By Balance c/d 

 

4,800

 

 

 

12,000

 

 

 

12,000

 

Bills Receivable Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

7,000

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

7,000

 

 

 

7,000

 

 

 

7,000

 

Stock Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

5,400

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

5,400

 

 

 

5,400

 

 

 

5,400

 

 

Rahul's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

9,700

Apr 03

By Cash A/c

 

9,200

 

 

 

 

Apr 03

By Discount allowed A/c

 

500

 

 

 

9,700

 

 

 

9,700

 

Himanshu's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 01

To Balance b/d

 

10,000

Apr 05

By Cash A/c

 

4,000

 

 

 

 

Apr 30

By Balance c/d

 

6,000

 

 

 

10,000

 

 

 

10,000

 

Ramesh's Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 06

To Bank A/c

 

6,000

Apr 01

By Balance b/d

 

3,000

Apr 14

To Purchase return A/c

 

1,000

Apr 02

By Purchases A/c

 

8,000

Apr 15

To Cash A/c

 

3,700

 

 

 

 

Apr 15

To Discount Received A/c

 

300

 

 

 

 

 

 

 

11,000

 

 

 

11,000

 

 

Bills payable Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 01

By Balance b/d

 

2,000

Apr 30

To Balance c/d

 

2,000

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

Capital Accounts

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 01

By Balance b/d

 

45,100

Apr 30

To Balance c/d

 

45,100

 

 

 

 

 

 

 

45,100

 

 

 

45,100

 

 

Manisha's Accounts

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 01

By Manisha A/c

 

3,000

 

 

 

 

Apr 12

By Cash A/c

 

6,000

 

 

 

 

Apr 18

By Kushal A/c

 

10,000

Apr 30

To Balance c/d

 

25,000

Apr 30

By Kirit A/c

 

6,000

 

 

 

25,000

 

 

 

25,000

 

Purchases Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 02

To Ramesh A/c

 

8,000

 

 

 

 

Apr 29

To Sheetal traders A/c

 

7,000

 

 

 

 

Apr 30

To Handa traders A/c

 

 5,000

Apr 30

By Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

Discount Allowed Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 03

To rahul A/c

 

500

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

500

 

 

 

500

 

 

 

500

 

Rent account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 08

To Bank A/c

 

1,200

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

1,200

 

 

 

1,200

 

 

 

1,200

 

 

Discount received

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 15

By Ramesh A/c

 

300

Apr 30

To Balance c/d

 

 300

 

 

 

 

 

 

 

300

 

 

 

300

 

Kushal's account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 18

To sales A/c

 

10,000

Apr 22

By Sales return A/c

 

1,200

 

 

 

 

Apr 24

By Cash A/c

 

6,000

 

 

 

 

Apr 30

By Balance c/d

 

2,800

 

 

 

10,000

 

 

 

10,000

 

 

Trade Expenses account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 20

To cash A/c

 

200

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

200

 

 

 

200

 

 

 

200

 

 

Drawings Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 21

To cash A/c

 

1,000

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

Sales return Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 22

To Kushal A/c

 

1,200

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

1,200

 

 

 

1,200

 

 

 

1,200

 

 

Stationary Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 26

To cash A/c

 

100

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

100

 

 

 

100

 

 

 

100

 

Postage Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 27

To cash A/c

 

60

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

60

 

 

 

60

 

 

 

60

 

 

Salaries Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 28

To cash A/c

 

2,500

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

2,500

 

 

 

2,500

 

 

 

2,500

 

 

Sheetal Traders Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 29

By Purchases A/c

 

7,000

Apr 30

To Balance c/d

 

7,000

 

 

 

 

 

 

 

7,000

 

 

 

7,000

 

Handa's traders

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 30

By purchases A/c

 

5,000

Apr 30

To Balance c/d

 

5,000

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

Purchase Return Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

 

 

 

 

Apr 14

By Ramesh A/c

 

1,000

 

 

 

 

 

 

 

 

Apr 30

To Balance c/d

 

 1,000

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

Kirit Account

 

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount Rs. 

Date

Particulars

J.F.

Amount Rs. 

2017

 

 

 

2017

 

 

 

Apr 30

To Sales A/c

 

6,000

 

 

 

 

 

 

 

 

Apr 30

By Balance c/d

 

6,000

 

 

 

 6,000

 

 

 

6,000

 

 

 

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