Problem : 1
Journalise the following transactions, post them into ledger and balance the accounts.Also prepare a trial balance.
Oct. 1 2 4 5 6 7 8 9 10 12 14 16 17 18 19 20 22 25 28 31
Manohar commenced business Purchased goods from Ravi Sold goods to Gopi
Cash purchases Cash paid into bank Paid for salaries Sold for cash
Bought furniture paid by cheque Goods returned to Ravi
Bought goods from Sobhan Cash paid to Ravi
Discount received
Goods returned from Gopi Deposited cash into bank Sold goods to Bhuvan
Paid advertisement by cheque Paid cash to Sobhan
Cash received from Gopi Discount allowed to him
Received interest through cheque Goods taken by Manohar for own use Paid for rent
1,00,000 10,000 20,000 20,000 10,000 5,000 20,000 2,000 2,000 10,000 7,800 200 3,000 10,000 12,000 1,000 5,000 6,900 100 2,000 1,000 2,000
Solution » hide
Journal in the books of Mr. Manohar for the period from Oct. 1st, 2005 to Oct. 31st, 2005
Date V/R No. Particulars L/F Amount (Dr) Amount (Cr)
Oct.1st – Cash a/c
To Capital a/c
Dr – –
1,00,000
1,00,000 [Being the amount of cash received from
Mr. Manohar, the proprietor as his capital contribution vide receipt no:__ dated:__ ]
Journal in the books of Mr. Manohar for the period from Oct. 1st, 2005 to Oct. 31st, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr) 2nd – Purchases a/c To Ravi a/c Dr – – 10,000 10,000 [Being the value stock of goods purchased
from Mr. Ravi on credit vide bill no:__ dated:__ ] 4th – Gopi a/c To Sales a/c Dr – – 20,000 20,000 [Being the value of stock sold to MR. Gopi
on credit vide bill no:___ dated:__ ] 5th – Purchases a/c To Cash a/c Dr – – 20,000 20,000 [Being the value of stock purchased for
cash vide bill no:___ dated:__ ] 6th – Bank a/c To Cash a/c Dr – – 10,000 10,000 [Being the amount of cash deposited into
bank vide bill no:___ dated:__ ] 7th – Salaries a/c To Cash a/c Dr – – 5,000 5,000 [Being the amount of cash paid for salaries
vide voucher no:___ dated:__ ] 8th – Cash a/c To Sales a/c Dr – – 20,000 20,000 [Being the value of stock sold for cash vide
bill no:___ dated:__ ] 9th – Furniture a/c To Bank a/c Dr – – 2,000 2,000 [Being the value of furniture purchased
vide cheque no:___ dated:__ ] 10th – Ravi a/c
To Purchase Returns a/c
Dr – –
2,000
2,000 [Being the value of stock returned to MR.
Ravi vide Debit note no:___ dated:__ ] 12th – Purchases a/c To Sobhan a/c Dr – – 10,000 10,000
Journal in the books of Mr. Manohar for the period from Oct. 1st, 2005 to Oct. 31st, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr)
[Being the value stock of goods purchased from Mr. Sobhan vide bill no:___ dated:__ ]
14th – Ravi a/c
To Cash a/c
To Discount Received a/c
Dr – – – 8,000 7,800 200 [Being the amount of cash paid to Mr. Ravi
after receiving a discount of 200 vide Vocher no:___ dated:__ ]
16th – Sales Returns a/c To Gopi a/c
Dr – –
3,000
3,000 [Being the value of stock returned by Mr.
Gopi vide credit note no:___ dated:__ ] 17th – Bank a/c To Cash a/c Dr – – 10,000 10,000 [Being the amount of cash deposited into
bank vide voucher no:___ dated:__ ] 18th – Bhuvan a/c To Sales a/c Dr – – 12,000 12,000 [Being the value of stock sold to MR.
Bhuvan on credit vide bill no:___ dated:__ ] 19th – Advertisement a/c To Bank a/c Dr – – 1,000 1,000 [Being the amount paid for advertisement
vide cheque no:___ dated:__ ] 20th – Shoban a/c To Cash a/c Dr – – 5,000 5,000 [Being the amount paid to shoban vide
voucher no:___ dated:__ ] 22nd – Cash a/c
Discount Allowed a/c To Gopi a/c Dr Dr – – – 6,900 100 7,000 [Being the amount of cash received from
Mr. Gopi after allowing a discount of 100 vide receipt no:___ dated:__ ]
Journal in the books of Mr. Manohar for the period from Oct. 1st, 2005 to Oct. 31st, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr) 25th – Bank a/c To Interest a/c Dr – – 2,000 2,000 [Being the amount of cheque no:___
dated:__ received as interest] 28th – Drawings a/c To Purchases a/c Dr – – 1,000 1,000 [Being the value of stock taken form the
business for domestic use vide bill no:___ dated:__] 31st – Rent a/c To Cash a/c Dr – – 2,000 2,000 [Being the amount of cash paid for rent
vide voucher no:___ dated:__]
General Ledger
[Books of Mr. Manohar]
Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/10/05 08/10/05 20/10/05 To Capital a/c To Sales a/c To Gopi a/c – – – 1,00,000 20,000 6,900 05/10/05 06/10/05 07/10/05 14/10/05 17/10/05 20/10/05 31/10/05 31/10/05 By Purchases a/c By Bank a/c By Salaries a/c By Ravi a/c By Bank a/c By Shoban a/c By Rent a/c By Balance c/d – – – – – – – – 20,000 10,000 5,000 7,800 10,000 5,000 2,000 67,100 1,26,900 1,26,900 01/11/05 To Balance b/d – 67,100 Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To Balance c/d – 1,00,000 01/10/05 By Cash a/c – 1,00,000
1,00,000 1,00,000
01/11/05 By Balance b/d – 1,00,000
Purchases a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
02/10/05 05/10/05 12/10/05 To Ravi a/c To Cash a/c To Shoban a/c – – – 10,000 20,000 10,000 28/10/05 31/10/05 By Drawings a/c By Balance c/d – – 1,000 39,000 40,000 40,000 01/11/05 To Balance b/d – 39,000 Ravi a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/10/05 14/10/05 14/10/05
To Pur. Ret. a/c To Cash a/c
To Dis. Received a/c – – – 2,000 7,800 200 02/10/05 By Purchases a/c – 10,000 10,000 10,000 Gopi a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
04/10/05 To Sales a/c – 20,000 16/10/05 20/10/05 20/10/05 31/10/05
By Sales Ret. a/c By Cash a/c
By Dis. Allowed a/c By Balance c/d – – – – 1,000 6,900 100 10,000 20,000 20,000 01/11/05 To Balance b/d – 10,000 Salaries a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
07/10/05 To Cash a/c – 5,000 31/10/05 By Balance c/d – 5,000
5,000 5,000
Sales a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To Balance c/d – 52,000 04/10/05 08/10/05 18/10/05 By Gopi a/c By Cash a/c By Bhuwan a/c – – – 20,000 20,000 12,000 52,000 52,000 01/11/05 By Balance b/d – 52,000 Furniture a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
05/10/05 To Bank a/c – 2,000 31/10/05 By Balance c/d – 2,000
2,000 2,000
01/11/05 To Balance b/d – 2,000
Bank a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
06/10/05 17/10/05 20/10/05 To cash a/c To Cash a/c To Interest a/c – – – 10,000 10,000 2,000 09/10/05 19/10/05 31/10/05 By Furniture a/c By Advt. a/c By Balance c/d – – – 2,000 1,000 19,000 22,000 22,000 01/11/05 To Balance b/d – 19,000
Purchase Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To Balance c/d – 2,000 10/10/05 By Ravi a/c – 2,000
2,000 2,000
01/11/05 By Balance b/d – 2,000
Shoban a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
20/10/05 31/10/05 To Cash a/c To Balance c/d – – 5,000 5,000 12/10/05 By Purchases a/c – 10,000 10,000 10,000
Shoban a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/05 By Balance b/d – 5,000
Discount Received a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To Balance c/d – 200 14/10/05 By Ravi a/c – 200
200 200
01/11/05 By Balance b/d – 200
Sales Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
16/10/05 To Gopi a/c – 3,000 31/10/05 By Balance c/d – 3,000
3,000 3,000
01/11/05 To Balance b/d – 3,000
Bhuwan a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/10/05 To Sales a/c – 12,000 31/10/05 By Balance c/d – 12,000
12,000 12,000
01/11/05 To Balance b/d – 12,000
Advertisement a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
19/10/05 To Bank a/c – 1,000 31/10/05 By Balance c/d – 1,000
1,000 1,000
01/11/05 To Balance b/d – 1,000
Discount Allowed a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
20/10/05 To Gopi a/c – 100 31/10/05 By Balance c/d – 100
Discount Allowed a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/05 To Balance b/d – 100
Interest a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To Balance c/d – 2,000 10/10/05 By Ravi a/c – 2,000
2,000 2,000
01/11/05 By Balance b/d – 2,000
Drawings a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
28/10/05 To Purchases a/c – 1,000 31/10/05 By Balance c/d – 1,000
1,000 1,000
01/11/05 To Balance b/d – 1,000
Rent a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/05 To cash a/c – 2,000 31/10/05 By Balance c/d – 2,000
2,000 2,000
01/11/05 To Balance b/d – 2,000
Trial Balance
[Modern Method]
Trial Balance of Mr. Manohar as on 31/10/05
Particulars L/F Amount (Dr)
Amount (Cr)
Trial Balance of Mr. Manohar as on 31/10/05 Particulars L/F Amount (Dr) Amount (Cr) Capital a/c Purchases a/c Ravi a/c Gopi a/c Salaries a/c Sales a/c Furniture a/c Bank a/c
Purchase Returns a/c Shoban a/c
Discount Received a/c Sales Returns a/c Bhuvan a/c
Advertisement a/c Discount Allowed a/c Interest a/c Drawings a/c Rent a/c — — — — — — — — — — — — — — — — — — — 39,000 — 10,000 5,000 — 2,000 19,000 — — — 3,000 12,000 1,000 100 — 1,000 2,000 1,00,000 — — — — 52,000 — — 2,000 5,000 200 — — — — 2,000 — — Total 1,61,200 1,61,200
Problem : 2
Jounalise the following transactions and post them into the ledger. Also prepare a trial balance.
2 3 5 6 9 10 11 12 15 16 17 19 21 22 23 25 26 28 30 with furniture 25,000, Cash 75,000 and goods 20,000 Sales Purchases
Sold goods to Mahesh Bought goods from Ramesh Sold goods to Kesav for cash Mahesh returned goods Commission received Returned goods to Ramesh Cash deposited into bank Bought goods from Suresh Paid to Ramesh by cheque Discount received
Withdrew from bank for domestic use Sold goods to Madhav
Cash received from Mahesh Discount allowed
Stationery expenses Cash paid to Suresh
Cash received from Madhav Cash deposited into bank Paid salaries by cheque
10,000 8,000 12,000 7,000 6,000 6,000 1,000 1,500 15,000 12,000 4,000 200 3,000 9,000 4,000 100 500 3,000 5,000 10,000 3,000
Solution » hide
Journal in the books of M/s. Venkat & Co. for the period from Nov. 1st, 2005 to Nov. 30th, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr)
Nov 1st – Furniture a/c Cash a/c Purchases a/c To Capital a/c Dr Dr Dr – – – – 25,000 75,000 20,000 1,20,000 [Being the amount of assets brought in by
M/s Venkat & Co. as their capital
contribution vide receipt no:___ dated:__]
Journal in the books of M/s. Venkat & Co. for the period from Nov. 1st, 2005 to Nov. 30th, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr) To Sales a/c – 10,000
[Being the value of stock sold for cash vide bill no:___ dated:__ ]
3rd – Purchases a/c To Cash a/c Dr – – 8,000 8,000 [Being the value of stock purchased for
cash vide bill no:___ dated:__ ] 5th – Mahesh a/c To Sales a/c Dr – – 12,000 12,000 [Being the value of stock sold to Mahesh
vide bill no:___ dated:___] 6th – Purchases a/c To Ramesh a/c Dr – – 7,000 7,000 [Being the value of stock purchased to Mr.
Ramesh on credit vide bill no:___ dated:__ ] 9th – Cash a/c To Sales a/c Dr – – 6,000 6,000 [Being the value of stock sold for cash to
Kesav vide voucher no:___ dated:__ ] 10th – Sales Returns a/c
To Mahesh a/c
Dr – –
6,000
6,000 [Being the value of stock returned by
Mahesh vide credit note no:__ dated:__ ] 11th – Cash a/c To Commission a/c Dr – – 1,000 1,000 [Being the amount of cash received as
commission vide receipt no:____ dated:____]
12th – Ramesh a/c
To Purchase returns a/c
Dr – –
1,500
1,500 [Being the value of stock returned to Mr.
Ramesh vide credit note no:__ dated:__ ]
Journal in the books of M/s. Venkat & Co. for the period from Nov. 1st, 2005 to Nov. 30th, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr) To Cash a/c – 15,000
[Being the amount of cash deposited into bank vide bill no:___ dated:____] dated:__ ] 16th – Purchases a/c To Suresh a/c Dr – – 12,000 12,000 [Being the value of stock Purchased from
Mr. Suresh vide bill no:___ dated:__ ] 17th – Ramesh a/c
To Bank a/c
To Discount Received a/c
Dr – – – 4,200 4,000 200 [Being the amount paid to Ramesh after
receiving a discount of 200vide cheque no:___ dated:__ ] 19th – Drawings a/c To Bank a/c Dr – – 3,000 3,000 [Being the amount of cash withdrawn from
bank for domestic use vide cheque no:___ dated:__ ] 21st – Madhav a/c To Sales a/c Dr – – 9,000 9,000 [Being the value of stock sold to Madhav
on credit vide bill no:___ dated:__ ] 22nd – Cash a/c
Discount allowed a/c To Mahesh a/c Dr Dr – – – 4,000 100 4,100 [Being the amount of cash received from
Mahesh after allowing a discount of 100 vide bill no:___ dated:__ ]
23rd – Stationery a/c To Cash a/c Dr – – 500 500 [Being the amount of cash paid for
stationery expenses vide bill no:___ dated:__ ]
Journal in the books of M/s. Venkat & Co. for the period from Nov. 1st, 2005 to Nov. 30th, 2005 Date V/R No. Particulars L/F Amount (Dr) Amount (Cr) To Cash a/c – 3,000
[Being the amount of cash paid to Mr. Suresh vide bill no:___ dated:__ ] 26th – Cash a/c To Madhav a/c Dr – – 5,000 5,000 [Being the amount of cash received from
Mr. Madhav vide bill no:___ dated:__ ] 28th – Bank a/c To Cash a/c Dr – – 10,000 10,000 [Being the amount of cash deposited into
bank vide bill no:___ dated:____] 30th – Salaries a/c To Bank a/c Dr – – 3,000 3,000 [Being the amount of cash paid for salaries
vide cheque no:___ dated:____]
General Ledger
[Books of M/s. Venkat & Co.]
Rama Raos Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/05 To Capital a/c – 25,000 30/11/05 By Balance c/d – 25,000
25,000 25,000
01/12/05 To Balance b/d – 25,000
Cash a/c
Dr Cr
Date Particulars J/
F Amount Date Particulars J/
Cash a/c
Dr Cr
Date Particulars J/
F Amount Date Particulars J/ F Amount 01/11/0 5 02/11/0 5 09/11/0 5 11/11/0 5 22/11/0 5 26/11/0 5 To Capital a/c To Sales a/c To Sales a/c To Commission a/c To Mahesh a/c To Madhav a/c – – – – – – 75,000 10,000 6,000 1,000 4,000 5,000 03/11/0 5 15/11/0 5 23/11/0 5 25/10/0 5 28/10/0 5 30/11/0 5 By Purchases a/c By Bank a/c By stationery a/c By Suresh a/c By Bank a/c By Balance c/d – – – – – – 8,000 15,000 500 3,000 10,000 64,500 1,01,00 0 1,01,00 0 01/12/0 5 To Balance b/d – 64,500 Purchases a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/05 03/11/05 06/11/05 16/11/05 To Capial a/c To Cash a/c To Ramesh a/c To Suresh a/c – – – – 20,000 8,000 7,000 12,000 30/11/05 By Balance c/d – 47,000 47,000 47,000 01/12/05 To Balance b/d – 47,000 Capital a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/05 To Balance c/d – 1,20,000 01/11/05 01/11/05 01/11/05 By Furniture a/c By Cash a/c By Purchases a/c – – – 25,000 75,000 20,000 1,20,000 1,20,000 01/12/05 By Balance b/d – 1,20,000
Sales a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/05 To Balance c/d – 37,000 02/11/05 05/11/05 09/11/05 21/11/05 By Cash a/c By Mahesh a/c By Cash a/c By Madhav a/c – – – – 10,000 12,000 6,000 9,000 37,000 37,000 01/12/05 By Balance b/d – 37,000 Mahesh a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
05/11/05 To Sales a/c – 12,000 10/11/05 22/10/05 22/10/05 30/11/05
By Sales Ret. a/c By Cash a/c
By Dis. Allowed a/c By Balance c/d – – – – 6,000 4,000 100 1,900 12,000 12,000 01/12/05 To Balance b/d – 1,900 Dr Ramesh a/c Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/05 To Balance c/d – 37,000 02/11/05 05/11/05 09/11/05 21/11/05 By Cash a/c By Mahesh a/c By Cash a/c By Madhav a/c – – – – 10,000 12,000 6,000 9,000 37,000 37,000 01/12/05 By Balance b/d – 37,000
Sales Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/11/05 To Mahesh a/c – 6,000 30/11/05 By Balance c/d – 6,000
6,000 6,000
01/12/05 To Balance b/d – 6,000
Dr Commission a/c Cr
Date Particulars J/F Amount Date Particulars J/F Amount
Dr Commission a/c Cr
Date Particulars J/F Amount Date Particulars J/F Amount
1,000 1,000
01/12/05 By Balance b/d – 1,000
Purchse Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/05 To Balance c/d – 1,500 12/11/05 By Ramesh a/c – 1,500
1,500 1,500
01/12/05 By Balance b/d – 1,500
Bank a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
15/11/05 28/11/05 To Cash a/c To Cash a/c – – 15,000 10,000 17/11/05 19/11/05 30/11/05 30/11/05 By Ramesh a/c By Drawings By Salaries By Balance c/d – – – – 4,000 3,000 3,000 15,000 25,000 25,000 01/12/05 To Balance b/d – 15,000 Suresh a/c Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
25/11/05 30/11/05 To Cash To Balance c/d – – 3,000 9,000 16/11/05 By Purchases a/c – 12,000 12,000 12,000 01/12/05 By Balance b/d – 9,000
Discount Received a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/05 To Balance c/d – 200 17/11/05 By Ramesh a/c – 200
200 200
01/12/05 By Balance b/d – 200
Drawings a/c
Date Particulars J/F Amount Date Particulars J/F Amount
19/11/05 To Bank a/c – 3,000 30/11/05 By Balance c/d – 3,000
3,000 3,000
01/12/05 To Balance b/d – 3,000
Madhav a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
21/11/05 To Sales a/c – 9,000 26/11/05 30/11/05 By Cash a/c By Balance c/d – – 5,000 4,000 9,000 9,000 01/12/05 To Balance b/d – 4,000
Discount Allowed a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
22/11/05 To Mahesh a/c – 100 30/11/05 By Balance c/d – 100
100 100
01/12/05 To Balance b/d – 100
Stationery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
23/11/05 To Cash a/c – 500 30/11/05 By Balance c/d – 500
500 500
01/12/05 To Balance b/d – 500
Salaries a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
28/11/05 To Bank a/c – 3,000 30/11/05 By Balance c/d – 3,000
3,000 3,000
01/12/05 To Balance b/d – 3,000
Trial Balance
Trial Balance of M/s Venkat & Co. as on 30/11/05 Particulars L/F Amount (Dr) Amount (Cr) Furniture a/c Cash a/c Purchases a/c Capital a/c Sales a/c Mahesh a/c Ramesh a/c Sales Returns a/c Commission a/c Purchase Returns a/c Bank a/c
Suresh a/c
Discount Received a/c Drawings a/c
Madhav a/c
Discount Allowed a/c Stationery a/c Salaries a/c — — — — — — — — — — — — — — — — — — 25,000 64,500 47,000 — — 1,900 — 6,000 — — 15,000 — — 3,000 4,000 100 500 3,000 — — — 1,20,000 37,000 — 1,300 — 1,000 1,500 — 9,000 200 — — — — — Total 1,70,000 1,70,000
