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Account Give Answer As Asked .(12 Marks)

P1 C9 Ledger-Posting · Gujarat Board (GSEB) STD 11 Commerce (GSEB - English Medium). 9 questions.

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Give Answer As Asked .(12 Marks)

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Question 112 Marks
From the following transactions prepare subsidiary books of Janki stores and post them in necessary accounts:
$2016$
June $1$ Goods of $Rs.9000$ are sold at $10\%$ profit to Shakil Traders. Outward invoice no. $251.$
  $2$ Goods of $Rs.9600$ are purchased from Nargis at $10\%$ trade discount. Inward invoice no. $636.$
  $3$ Goods of $Rs.5600$ sold at $15\%$ profit to Nitin Stores. Outward invoice no. $252.$
  $4$ Goods of $Rs.6000$ are purchased from Paresh at $5\%$ trade discount. Inward invoice no. $525$.
  $5$ Goods of $Rs.750$ are received back from Vishwas. Credit note no. $81$.
  $7$ Goods of $Rs.900$ returned to Bharat. Debit note no. $221.$
  $8$ Goods of $Rs.1100$ returned by Nitin, as the goods were not according to sample. Credit note no. $82.$
  $9$ As the goods of $Rs.920$ are damged, they are returned back to Nargis. Debit note no. $222.$
  $10$ Three cupboard at the rate of $Rs.2400$ each are purchased from Ashwin Furniture Mart. Credit bill no. $67.$
  $14$ As one of the cupboard from those which were purchased from Ashwin Furniture Mart is in damges conditions, it is returned to them. Debit note no. $223.$
Answer
Subsidiary books of Janki Stores
Purchase Book
Date Name of Suppliers Inward L.F. Amount
Inv. No. No. (Rs.)
$2016$        
June $2$ Nagris A/c $636$   $8,640$
$4$ Paresh’s A/c $525$   $5,700$
  Total Credit Purchase     14,340
Sales Book
Date Name of Customers Outward L.F. Amount
Inv. No. No. (Rs.)
$2016$        
June $1$ Shakeel Traders A/c $521$   $9,900$
$3$ Nitin Stores A/c $252$   $6,440$
  Total Credit Sales     16,340
Purchase Return Book
Date Name of Suppliers Debit L.F. Amount
note no. No. (Rs.)
$2016$        
June $7$ Bharat A/c $221$   $900$
$9$ Nagris A/c $222$   $920$
  Total Credit Purchase Return     1,820
Sales Return Book
Date Name of Customers Credit L.F. Amount
note no. No. (Rs.)
$2016$        
June $5$ Vishwas A/c $81$   $750$
$8$ Nitin A/c $82$   $1,100$
  Total Credit Sales Return     1,850
Ledger ofJanki Stores
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
June $14$ To Sunday Creditors A/c   $14,340$        
  (As per purchase book)            
Debit Nagris’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
June $9$ To Purchase return A/c   $920$ June $2$ By Purchase A/c   $8,640$
  (As per purchase return book)       (As per purchase book)    
Debit Paresh’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        June $4$ By Purchase A/c   $5,700$
          (As per purchase book)    
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        June $14$ By Sunday debtors A/c   $16,340$
          (As per sales book)    
Debit Shakeel Traders A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
June $1$ To Sales A/c   $9,900$        
  (As per sales book)            
Debit Nitin Stores A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
June $3$ To Sales A/c   $6,440$ June $8$ By Sales return A/c   $1,100$
  (As per sales book)       (As per sales return book)    
Debit Purchase Return A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        June $14$ By Sunday creditors A/c   $1,820$
          (As per purchase return book)    
Debit Bharat’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
June $7$ To Purchase return A/c   $900$        
  (As per purchase return book)            
                 
Debit Sales ReturnA/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
June $14$ To Sunday debtors A/c   $1,850$        
  (As per sales return book)            
Debit Vishwas’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        June $5$ By Sales return A/c   $750$
          (As per sales return book)    
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Question 212 Marks
From the following transaction prepare subsidiary books of Amjad Garments and post them in necessary accounts in the ledger :
$2016$
Aug. $1$ Goods of $Rs.48,000$ are purchased at $10\%$ trade discount from Zuben Traders.
  $2$ Goods of $Rs.42,000$ are purchased at $5\%$ trade discount from Mazhar.
  $3$ Goods of $Rs.20,000$ are purchased at $5\%$ trade discount from Mahesh Stroes.
  $4$ Purchased furniture of $Rs.12,000$ from Ashraf Furniture Mart.
  $7$ Goods of $Rs.24,000$ is sold at $20\%$ profit to Rajabhai at $10\%$ trade discount.
  $8$ Goods of $Rs.36,000$ are sold to Salman at $5\%$ trade discount.
  $9$ Goods of $Rs.4,000$ are returned to Dineshbhai.
  $10$ Goods of $Rs.12,000$ are sold to Chinubhai at $10\%$ trade discount.
  $14$ Goods of $Rs.6,200$ are returned by Rajabhai.
  $15$ Goods of $Rs.3,500$ are returned to Salim.
  $16$ Goods of $Rs.1,600$ are returned by Mitul.
Answer
Subsidiary books of Amjad Garments
Purchase Book
Date Name of Suppliers Inward L.F. Amount
Inv. No. No. (Rs.)
$2016$        
Aug.$1$ Zuben Traders A/c     $43,200$
$2$ Mazhar A/c     $39,900$
$3$ Mahesh Stores A/c     $19,000$
  Total Credit Purchase     1,02,100
Sales Book
Date Name of Customers Outward L.F. Amount
Inv. No. No. (Rs.)
$2016$        
Aug.$7$ Rajabhai A/c     $25,920$
$8$ Salman A/c     $34,200$
$10$ Chintubhai A/c     $10,800$
  Total Credit Sales     70,920
Purchase Return Book
Date Name of Suppliers Debit L.F. Amount
note no. No. (Rs.)
$2016$        
Aug.$9$ Dineshbhai A/c     $4,000$
$15$ Salim A/c     $3,500$
  Total Credit Purchase Return     7,500
Sales Return Book
Date Name of Customers Credit L.F. Amount
note no. No. (Rs.)
$2016$        
Aug.$14$ Rajabhai A/c     $6,200$
$16$ Mitul A/c     $1,600$
  Total Credit Sales Return     7,800
Ledger of Amjad Garments
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug.$16$ To Creditros A/c   $1,02,100$        
  (As per purchase book)            
Debit Zuben Trader’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Aug.$1$ By Purchase A/c   $43,200$
          (As per purchase book)    
Debit Mazhar A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Aug.$3$ By Purchase A/c   $39,900$
          (As per purchase book)    
Debit Mahesh Stores A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Aug. $3$ By Purchase A/c   $19,000$
          (As per purchase book)    
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        2016      
        Aug.16 By Sunday Debtors A/c   $79,920$
          (As per sales book)    
Debit Rajabhai’sA/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       2016      
Aug.$7$ To Sales A/c   25,920 Aug.14 By Sales Return A/c   $6,200$
          (As per sales return book)    
Debit Salman’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug.$8$ To Sales A/c   $34,200$        
  (As per sales book)            
Debit Chinubhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug.$10$ By Sales A/c   $10,800$        
  (As per sales book)            
Debit Purchase Return A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Aug.$16$ By Sunday Creditors A/c   $7,500$
          (As per purchase return book)    
Debit Dineshbhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug. $9$ By Purchase Return A/c   $4,000$        
  (As per purchase return book)            
Debit Salim’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug. $15$ By Purchase Return A/c   $3,500$        
  (As per purchase return book)            
Debit Sales ReturnA/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Aug.$16$ By Sunday Debtors A/c   $7,800$        
  (As per sales return book)            
Debit Mitul’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Aug.$16$ By Sales Return A/c   $1,600$
          (As per sales return book)    
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Question 312 Marks
In the book of Panchal Stores, write journal entries for the following transactions, draw the necessary accounts, in the ledger and post them accordingly :
$2016$
April $1$ Cash $Rs.40,000$ and furniture of Rs.20,000 brought in business.
  $2$ Goods of $Rs.36,000$ are sold to Dhaval stores at $10\%$ trade discount. For this Dhaval Stores has paidcash $Rs.15,000.$
  $3$ $Rs.18,000$ is deposited in a book.
  $4$ Goods of $Rs.20,000$ are purchased at $12%$ trade discount from Dhara Stores. Forthis a cheque of $Rs. 8,000$ is given
  $5$ Withdrawn from the bank $Rs.5,000$ for office expenses and $Rs.4,000$ for the householdexpenses.
  $7$ Office expenses paid $Rs.2,200.$
  $8$ Against the dues of $Rs.4,830$, paid $Rs.4,800$ in cash for the final settelment to Jayeshbhai.
  $9$ Due to the fire in godown, goods of $Rs.3,200$ is burnt by fire and insurancecompany has accepteda claim of $Rs.2,600$ for the same.
  $10$ Goods of $Rs.6,600$ are purchased from Anil Traders and towards this, payment of $Rs.2,600$ is made in cash.
  $12$ Paid $Rs.4,800$ for shop rent and $Rs.6,000$ for house rent.
  $13$ Paid $Rs.4,000$ to Anil Traders by cheque.
Answer
Journal entries in the books of M/s. Panchal Store
Date Particulars L. Debit Credit
F. (Rs.) (Rs.)
$2016$        
April $1$ Cash A/c Dr.   $40,000$ -
  Furniture A/c Dr.   $20,000$ -
  To Capital A/c   - $60,000$
  (Being cash and furniture brought in the business)      
$2$ Cash A/c Dr.   $15,000$ -
  Dhaval Stores A/c Dr.   $17,400$ -
  To Sales A/c   - $32,400$
  (Being goods sold to Dhaval Stores and received part payment in cash)      
$3$ Bank A/c Dr.   $18,000$ -
  To Cash A/c   - $18,000$
  (Being cash deposited into bank)      
$4$ Purchase A/c Dr.   $17,600$ -
  To Bank A/c   - $8,000$
  To Dhara Traders A/c   - $9,600$
  (Being goods purchased from Dhara Traders and paid some amount through cheque)      
$5$ Cash A/c Dr.   $5,000$ -
  Drawing A/c Dr.   $4,000$ -
  To Bank A/c   - $9,000$
  (Being amount withdrawn from bank foroffice exp. and for personal expense)      
$7$ Office expense A/c Dr.   $2,200$ -
  To Cash A/c   - $2,200$
  (Being paid office expense)      
$8$ Jayeshbhai A/c Dr.   $4,830$ -
  To Cash A/c   - $4,800$
  To Discount A/c   - $30$
  (Being cash paid to Jayeshbhai to clear the dues)      
$9$ Insurance Company A/c Dr.   $2,600$ -
  Loss due to fire A/c Dr.   $600$ -
  To Purchase A/c   - $3,200$
  (Being goods burnt by fire and insurance company accepted lesser amount insurance)      
$10$ Puchase A/c Dr.   $6,600$ -
  To Cash A/c   - $2,600$
  To Anil Trader's A/c   - $4,000$
  (Being purchases goods from Anil Traders)      
$12$ Shop rent A/c Dr.   $4,800$ -
  Drawings A/c Dr.   $6,000$ -
  To Cash A/c   - $10,500$
  (Being paid shop rent and house rent)      
$13$ Anil Trader's A/c Dr.   $4,000$ -
  To Bank A/c   - $4,000$
  (Being amount paid through cheque)      
  Total   1,68,630 1,68,630
Ledger of M/s. Panchal Stores
Debit Cash A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Apr.$1$ To Capital A/c   $40,000$ Apr.$3$ By Bank A/c   $18,000$
$2$ To Sales A/c   $15,000$ $7$ By Office exp. A/c   $2,200$
$5$ To Bank A/c   $5,000$ $8$ By Jayeshbhai A/c   $4,800$
        $10$ By Purchase A/c   $2,600$
        $12$ By Shop rent A/c   $4,800$
        $12$ By Drawing A/c   $6,000$
Debit Furniture A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr. $1$ To Capital A/c   $20,000$        
Debit Capital A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Apr.$1$ By Cash A/c   $40,000$
        $1$ By Furniture A/c   $20,000$
Debit Dhaval Store’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$2$ To Sales A/c   $17,400$        
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Apr.$2$ By Cash A/c   $15,000$
        $2$ By Dhaval Stores A/c   $17,400$
Debit Dhara Trader A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Apr.$4$ By Purchase A/c   $9,600$
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Apr.$4$ To Bank A/c   $8,000$ Apr.$9$ By Insurance Co. A/c   $2,600$
$4$ To Dhara Stores A/c   $9,600$ $9$ By Loss due to fire A/c   $600$
$10$ To Cash A/c   $2,600$        
$10$ To Anil Trader’s A/c   $4,000$        
Debit Bank A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Apr.$3$ To Cash A/c   $18,000$ Apr.4 By Purchase A/c   $8,000$
        $5$ By Cash A/c   $5,000$
        $5$ By Drawing A/c   $4,000$
        $13$ By Anil Trader’s A/c   $4,000$
Debit Drawing A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$5$ To Bank A/c   $4,000$        
$12$ To Cash A/c   $6,000$        
Debit Office Expense A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$7$ To Cash A/c   $2,200$        
Debit Jayeshbhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$8$ To Cash A/c   $4,800$        
$8$ To Discount A/c   $30$        
Debit Discount A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2016$      
        Apr.$8$ By Jayeshbhai A/c   $30$
Debit Insurance Company A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$9$ To Purchase A/c   $2,6000$        
Debit Loss due to fire A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$9$ To Purchase A/c   $600$        
Debit Anil Trader’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Apr.$13$ To Bank A/c   $4,000$ Apr.$10$ By Purchase A/c   $4,000$
Debit Shop Rent A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$              
Apr.$12$ To Cash A/c   $4,800$        
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Question 412 Marks
In the books of Shri Katara, write journal entries for the following transaction, draw necessary accounts in the ledger and post them accordingly.
$(1)$ Brought $Rs.3,30,000$ in business. From this $Rs.2,30,000$ deposited in a bank.
$(2)$ Cash purchase $Rs.85,000.$
$(3)$ From Ajmal Furniture Mart, furniture of $Rs.11,500$ is purchased for office use.
$(4)$ A cheque of $Rs.8,000$ is given to Kanubhai against dues.
$(5)$ Against the receivables of $Rs.7,800$ from Rajubhai, cheque received of $Rs.7,500$ for full and finalpayment.
$(6)$ Cash sales of $Rs.15,000.$
$(7)$ Credit sales to Rameshbhai of $Rs.75,000.$
$(8)$ Salary paid of $Rs.6,200.$
Answer
Journal entries in the books of Shri Katara
Date Particulars L. Debit Credit
F. (Rs.) (Rs.)
$1$ Cash A/c Dr.   $1,00,000$ -
  Bank A/c Dr.   $2,30,000$ -
  To Capital A/c     $3,30,000$
  (Being cash deposited into bank out of cash brought in the business)      
$2$ Purchase A/c Dr.   $85,000$ -
  To Cash A/c   - $85,000$
  (Being goods of Rs.85,000 purchased for cash)      
$3$ Furniture A/c Dr.   $11,500$ -
  To Ajmal Furniture Mart A/c   - $11,500$
  (Being furniture purchased from Ajmal Furniture Mart)      
$4$ Kanubhai A/c Dr.   $8,000$ -
  To Bank A/c   - $8,000$
  (Being cheque issued to Kanubhai)      
$5$ Bank A/c Dr.   $7,500$ -
  Discount A/c Dr.   $300$ -
  To Rajubhai A/c   - $7,800$
  (Being cheque received from Rajubhai to clear the debt)      
$6$ Cash A/c Dr.   $15,000$ -
  To Sales A/c   - $15,000$
  (Being goods sold for cash)      
$7$ Rameshbhai A/c Dr.   $75,000$ -
  To Sales A/c   - $75,000$
  (Being goods sold to Rameshbhai on credit)      
$8$ Salary A/c Dr.   $6,200$ -
  To Cash A/c   - $6,200$
  (Being salary paid)      
  Total   5,38,500 5,38,500
                     
Ledger of Shri Katara
Debit Cash A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$1$ To Capital A/c   $1,00,000$ $2$ By Purchase A/c   $85,000$
$6$ To Sales A/c   $15,000$ $8$ By Salary A/c   $6,200$
Debit Capital A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        1 By Cash A/c   $1,00,000$
        8 By Bank A/c   $2,30,000$
Debit Bank A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$1$ To Capital A/c   $2,30,000$        
$5$ To Rajubhai’s A/c   $7,500$        
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2$ To Cash A/c   $85,000$        
Debit Furniture A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$3$ To Ajmal            
  Furniture Mart A/c   $11,500$        
Debit Ajmal Furniture Mart A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        3 By Furniture A/c   $11,500$
Debit Kanubhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$4$ To Bank A/c   $8,000$        
Debit Rameshbhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$7$ To Sales A/c   $75,000$        
Debit Discount A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$5$ To Rajubhai A/c   $300$        
Debit Rajubhai A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $5$ By Bank A/c   $7,500$
        $5$ By Discount A/c   $300$
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $6$ By Cash A/c   $15,000$
        $7$ By Rameshbhai A/c   $75,000$
Debit Rameshbhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$8$ To Cash A/c   $6,200$        
               
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Question 512 Marks
Record the following transactions in three columnar cash book of Mohan. Post them in necessary accounts. Find out the balance of each account :
$2016$
Aug. $1$ Opening cash balance $Rs.24,000$ and bank balance $Rs.20,000$.
  $2$ Cash deposited in bank $Rs.14,000$.
  $3$ Goods of $Rs.20,000$ are sold to Sureshbhai, for which we received cash $Rs.8,000$ and for the balance we received a cheque which is deposited in the bank.
  $5$ Paid shop rent $Rs.1,500$ by cheque and salary of $Rs.2,500$ in cash.
  $7$ Goods of $Rs.8,700$ are purchased from Dineshbhai, for which paid $Rs.700$ in cash.
  $9$ Paid a electricity bill of $Rs.1,870$ and telephone bill of $Rs.530$ by cheque.
  $11$ Goods of $Rs.9,000$ are sold to Kanji at $10\%$ trade discount, for which, received $Rs.1,900$ in cash.
  $13$ Jayanti has paid $Rs.4,800$ for his dues of $Rs.5,000$ and settled his account.
  $16$ Gave a cheque of $Rs.7,600$ to Dineshbhai and settled his account.
  $17$ Paid $Rs.1,800$ in cash from business for gift on Shital's marriage function.
  $20$ Goods of $Rs.11,000$ are sold to Pandya Brothers and he has paid the full amount at $2\%$ cash discount.
  $22$ Received a cheque of $Rs.6,000$ from Kanji in full settlement against his dues of $Rs.6,200.$
  $24$ Received a cheque of $Rs.1,600$ for commission, which is deposited in the bank.
Answer
Three Columnar Cash book of Mohan
Date Particulars
(Receipts)		 R.
N.		 L.
F.		 Disc.
Allo.
(Rs.)		 Cash
Amt.
(Rs.)		 Bank
Amt.
(Rs.)		 Date Particulars
(Payments)		 R.
N.		 L.
F.		 Disc.
Allo.
(Rs.)		 Cash
Amt.
(Rs.)		 Bank
Amt.
(Rs.)
$2016$             $2016$            
Aug.$1$ To Balance b/f     - $24,000$ $20,000$ Aug.$2$ By Bank a/c $C$   - $14,000$ -
$2$ To Cash A/c $C$   - - $14,000$ $4$ By Shop rent A/c     - - $1,500$
$3$ To Sales A/c     - $8,000$ $12,000$ $5$ By Salary A/c     - $2,500$ -
$11$ To Sales A/c     - $1,900$ - $7$ By Purchase A/c     - $700$ -
$13$ To Jayanti A/c     $200$ $4,800$ - $9$ By Elec.exp. A/c     - - $1,870$
$20$ To Sales A/c     $220$ $10,780$ - $9$ By Telephone     - - $530$
$23$ To Kanji A/c     $200$ - $3,000$   exp. A/c          
$24$ To Comm.A/c     - - $1,600$ $16$ By Dineshbhai A/c     $400$ - $7,600$
              $17$ By Drawing A/c     - $1,800$ -
              $31$ By Balance c/f     - $30,480$ $42,100$
                           
        620 49,480 53,600         400 49,480 53,600
Ledger of Mohan
Debit Jayanti’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$31$ To Balance c/f   $5,000$ Aug.$13$ By Discount A/c   $200$
        $13$ By Cash A/c   $4,800$
      5,000       5,000
        $2016$      
        Sept.$1$ By Balance b/f   $5,000$
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$31$ To Balance c/f   $32,900$ Aug.$3$ By Cash A/c   $8,000$
        $3$ By Bank A/c   $12,000$
        $11$ By Bank A/c   $1,900$
        $20$ By Discount A/c   $220$
        $20$ By Cash A/c   $10,780$
      32,900       32,900
        $2016$      
        Sept. $1$ By Balance b/f   $32,900$
Debit Kanji’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug. $31$ To Balance c/f   $6,200$ Aug. $22$ By Discount A/c   $200$
        $22$ By Bank A/c   $6,000$
      6,200       6,200
        $2016$      
        Sept. $1$ By Balance b/f   $6,200$
Debit Commission A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$31$ To Balance c/f   $1,600$ Aug.$24$ By Bank A/c   $1,600$
      1,600       1,600
        $2016$      
        Sept.$1$ By Balance b/f   $1,600$
Debit Shop rent A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$5$ To Bank A/c   $1,500$ Aug.$31$ By Balance c/f   $1,500$
      1,500       1,500
$2016$              
Sept. $1$ By Balance b/f   $1,500$        
Debit Salary A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$1$ To Balance c/f   $2,500$ Aug.$31$ By Balance c/f   $2,500$
      2,500       2,500
$2016$              
Sept.$1$ To Balance b/f   $2,500$        
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$7$ To Cash A/c   $700$ Aug.$31$ By Balance c/f   $700$
      700       700
$2016$              
Sept.$1$ To Balance b/f   $700$        
Debit Electricity Exp.A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       2016      
Aug.$9$ To Bank A/c   1,870 Aug.$31$ By Balance c/f   1,870
      1,870       1,870
$2016$              
Sept.$1$ To Balance b/f   1,870        
Debit Telephone Exp.A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$9$ To Bank A/c   $530$ Aug.$31$ By Balance c/f   $530$
      530       530
$2016$              
Sept.$1$ To Balance b/f   $530$        
Debit Dineshbhai’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$16$ To Discount A/c   $400$ Aug.$3$ By Balance c/f   $8,000$
$16$ To Bank A/c   $7,600$        
      8,000       8,000
$2016$              
Sept.$1$ To Balance b/f   $8000$        
Debit Drawings A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$17$ To Cash A/c   $1,800$ Aug.$31$ By Balance c/f   $1,800$
      1,800       1,800
$2016$              
Sept.$1$ To Balance b/f   $1,800$        
Debit Discount Allowed A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$24$ To Total discount   $620$ Aug.$31$ By Balance c/f   $620$
  Allowed A/c            
  (As per cash book)            
      620       620
$2016$              
Sept.$1$ To Balance b/f   $620$        
Debit Discount rec. A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Aug.$31$  By Balance c/f   $400$ Aug.24 To Total discount   $400$
          received A/c    
          (As per cash book)    
      400       400
        $2016$      
        Sept.$1$ To Balance b/f   $400$
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Question 612 Marks
From the following transactions pass journal entries in the books of Badshah. Post them inledger. Find out the balance of each account.
$2016$
Nov. $1$ Brought $Rs.75,000$ cash and goods of $Rs.15,000$ in the business.
  $2$ Deposited $Rs.40,000$ in bank.
  $3$ Goods of $Rs.15,000$ are purchased from Aunti at $10\%$ trade discount and paid $Rs.3,000$ cash.
  $5$ Goods of $Rs.20,000$ are sold at $30\%$ profit to Govind, at $10\%$ trade discount. Govind has given a cheque of $Rs.5,000$, which is deposited in the bank.
  $7$ Paid salary $Rs.4,500$ and cartage $Rs.450.$
  $8$ Fire insurance premium of $Rs.2,000$ is paid by cheque.
  $10$ Paid $Rs.3,500$ by cheque to Shah Agency for an advertisement in a newspaper.
  $12$ Goods of $Rs.24,000$ purchased from Chakan at $10\%$ trade discount and paid $Rs.9,600$ cash to Chakan.
  $14$ Paid $Rs.10,000$ by cheque to Aunti and balance amount in cash.
  $15$ A cheque of $Rs.18,400$ send by Govind. Which is deposited in the bank
  $16$ Paid $Rs.4,000$ from the business for the school fees of daughter Urja.
Answer
Journal entries in the books of Badshah
Date Particulars L. Debit Credit
F. (Rs.) (Rs.)
$2016$        
Nov.$1$ Cash A/c Dr.   $75,000$  
  Stock of goods A/c Dr.   $15,000$  
  To Capital A/c     $90,000$
  (Being cash and goods brought in the business)      
$2$ Bank A/c Dr.   $40,000$  
  To Cash A/c     $40,000$
  (Being cash deposited into bank)      
$3$ Purchase A/c Dr.   $13,500$  
  To Aunty A/c     $10,500$
  To Cash A/c     $3,000$
  (Being goods purchased from Aunty)      
$5$ Govind A/c Dr.   $18,400$  
  Bank A/c Dr.   $5,000$  
  To Sales A/c     $23,400$
  (Being goods sold to Govind by adding 30% profit on cost)      
$7$ Salary A/c Dr.   $4,500$  
  Carriage charge A/c Dr.   $500$  
  To Cash A/c     $5,000$
  (Being salary and carriage charges paid on cash)      
$8$ Insurance premium A/c Dr.   $2,000$  
  To Bank A/c     $2,000$
  (Being insurance premium paid by cheque)      
$10$ Advertisement exp. A/c Dr.   $3,500$  
  To Bank A/c     $3,500$
  (Being Adv. exp. for adv. in newspaper paid)      
$12$ Purchase A/c Dr.   $21,600$  
  To Chakan A/c     $12,000$
  To Cash A/c     $9,600$
  (Being goods purchased from Chakan)      
$14$ Aunty A/c Dr.   $10,500$  
  To Bank A/c     $10,00$
  To Cash A/c     $500$
  (Being cash paid and cheque issued to Aunty)      
$15$ Bank A/c Dr.   $18,400$  
  To Govind A/c     $18,400$
  (Being cheque of Govind deposited into bank)      
$16$ Drawing A/c Dr.   $4,000$  
  To Cash A/c     $4,000$
  (Being school fees of daughter paid)      
  Total   2,31,850 2,31,850
             
Ledger of Badshah
Debit Cash A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$1$ To Capital A/c   $75,000$ Nov.$2$ By Bank A/c   $40,000$
        $3$ By Purchase A/c   $3,000$
        $7$ By Salary A/c   $4,500$
        $7$ By Carriage charges A/c   $450$
        $12$ By Purchase A/c   $9,600$
        $14$ By Aunty A/c   $500$
        $16$ By Drawing A/c   $4,000$
        $30$ By Balance c/f   $12,950$
      75,000       75,000
$2016$              
Dec.$1$ To Balance b/f   $12,950$        
Debit Bank A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$2$ To Cash A/c   $40,000$ Nov.$8$ By Insurance Pre. A/c   $2,000$
$5$ To Sales A/c   $5,000$ $10$ By Advt. exp. A/c   $3,500$
$15$ To Govind A/c   $18,400$ $14$ By Aunty A/c   $10,000$
        $30$ By Balance c/f   $47,900$
      63,400       63,400
$2016$              
Dec.$1$ To Balance b/f   $47,900$        
Debit Stock of Goods A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$1$ To Capital A/c   $15,000$ Nov. $30$ By Balance c/f   $15,000$
      15,000       15,000
$2016$              
Dec.$1$ To Balance b/f   $15,000$        
Debit Capital A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$30$ To Balance c/f   $90,000$ Nov.$1$ By Cash A/c   $75,000$
        $1$ By Stock of goods A/c   $15,000$
      90,000       90,000
        $2016$      
        Dec. $1$ By Balance b/f   $90,000$
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$3$ To Aunty A/c   $10,500$ Nov.$30$ By Balance c/f   $35,100$
$3$ To Cash A/c   $3,000$        
$12$ To Chakan A/c   $12,000$        
$12$ To Cash A/c   $9,600$        
      35,100       35,100
$2016$              
Dec. $1$ To Balance b/f   $35,100$        
Debit Aunty’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$14$ To Bank A/c   $10,000$ Nov.$3$ By Purchase A/c   $10,500$
$14$ To Cash A/c   $500$        
      10,500       10,500
Debit Govind’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$5$ To Sales A/c   $18,400$ Nov.$15$ By Bank A/c   $18,400$
      18,400       18,400
Debit Salary A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov. $7$ To Cash A/c   $4,500$ Nov. $30$ By Balance c/f   $4,500$
      4,500       4,500
$2016$              
Dec.$1$ To Balance b/f   $4,500$        
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov. $20$ To Balance c/f   23,400 Nov. $5$ By Govind A/c   $18,400$
        $5$ By Bank A/c   $5,000$
      23,400       23,400
        $2016$      
        Dec. $1$ By Balance b/f   $23,400$
Debit Carriage charges A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov. $7$ To Cash A/c   $450$ Nov. $30$ By Balance c/f   $450$
      450       450
$2016$              
Dec. $1$ To Balance b/f   $450$        
Debit Insurance premium A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov. $8$ To Bank A/c   $2,000$ Nov. $30$ By Balance c/f   $2,000$
      2,000       2,000
$2016$              
Dec. $1$ To Balance b/f   $2,000$        
Debit Advertisement exp.A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$10$ To Bank A/c   $3,500$ Nov.$30$ By Balance c/f   $3,500$
      3,500       3,500
$2016$              
Dec. $1$ To Balance b/f   $3,500$        
Debit Chakan’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov. $30$ To Balance c/f   $12,000$ Nov. $12$ By Purchase A/c   $12,000$
      12,000       12,000
        $2016$      
        Dec. $1$ By Balance b/f   $12,000$
Debit Drawings A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
Nov.$16$ To Cash A/c   $4,000$ Nov.$30$ By Balance c/f   $4,000$
      4,000       4,000
$2016$              
Dec.$1$ To Balance b/f   $4,000$        
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Question 712 Marks
From the following transactions pass journal entires in the books of Dharmendra and postthem in ledger. Find out the balance of each account
$2016$
July $1$ Commenced a business by bringing in cash of $Rs.80,000$ and furniture of $Rs.20,000.$
  $2$ A bank account is opened, by depositing $Rs.30,000.$
  $3$ Goods of $Rs.12,000$ are purchased from Mahendra at $6\%$ trade discount and paid cash $Rs.4,000.$
  $5$ Goods of $Rs.7,500$ are sold to Narendra at $10\%$ trade discount and he has paid $Rs.2,000.$
  $6$ Paid in cash $Rs.3,000$ for shop board and $Rs.4000$ for advertisement in a newspaper.
  $7$ Paid life insurance premium of $Rs.6,000$ and son's school fees of $Rs.2,200$ from theshop.
  $8$ Given a cheque of $Rs.7,200$ from Mahendra and settled his account.
  $10$ Received a cheque of $Rs.4,700$ from Narendra in full settlemet.
  $11$ Purchased the furniture of $Rs.5,000$ from Surendra Hardware. Against this given $Rs.3,000$ by cheque and $Rs.2,000$ in cash.
Answer
Journal entries in the books of Dharmendra
Date Particulars L. Debit Credit
F. (Rs.) (Rs.)
$2016$        
July $1$ Cash A/c Dr.   $80,000$ -
  Furniture A/c Dr.   $20,000$ -
  To Capital A/c   - $1,00,000$
  (Being cash and furniture brought in the business)      
$2$ Bank A/c Dr.   $30,000$ -
  To Cash A/c   - $30,000$
  (Being cash deposited into bank)      
$3$ Purchase A/c Dr.   $11,280$  
  To Cash A/c   - $4,000$
  To Mahendra A/c   - $7,280$
  (Being goods purchased from Mahendra)      
$5$ Narendra A/c Dr.   $4,750$ -
  Cash A/c Dr.   $2,000$ -
  To Sales A/c   - $6,750$
  (Being goods sold to Narendra)      
$6$ Furniture A/c Dr.   $3,000$ -
  Advertisement exp. A/c Dr.   $4,000$ -
  To Cash A/c   - $7,000$
  (Being amount paid for sign board of shop and for advertisement expense)      
$7$ Drawing A/c Dr.   $8,200$ -
  To Cash A/c Dr. - $8,200$
  (Being Life Ins. Prem. and School Fees & Son paid)      
$8$ Mahendra A/c Dr.
 		 $7,280$ -
  To Bank A/c Dr. - $7,200$
  To Discount A/c     $80$
  (Being settled Mahendra's A/c by giving cheque)      
$10$ Bank A/c Dr.
 		 $4,700$  
  Discount A/c Dr.
 		 $50$  
  To Narendra A/c     $4,750$
  (Being Narendra settled his account by giving a cheque)      
$11$ Furniture A/c Dr.   $5,000$  
  To Bank A/c Dr.   $3,000$
  To Cash A/c     $2,000$
  (Being purchased furniture and paid cash and issued a cheque for the same)      
  Total   1,80,260 1,80,260
Ledger of Dharmendra
Debit Cash A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $1$ To Capital A/c   $80,000$ July $2$ By Bank A/c   $30,000$
$5$ To Sales A/c   $2,000$ $3$ By Purchase A/c   $4,000$
        $6$ By Furniture A/c   $3,000$
        $6$ By Adv. Exp. A/c   $4,000$
        $7$ By Drawings A/c   $8,200$
        $11$ By Furniture A/c   $2,000$
        $11$ By Balance c/f   $30,800$
      82,000       82,000
$2016$              
July $12$ To Balance b/f   $30,800$        
Debit Bank A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $2$ To Cash A/c   $30,000$ July $8$ By Mahendra A/c   $7,200$
$10$ To Narendra A/c   $4,700$ $11$ By Furniture A/c   $3,000$
        $11$ By Balance c/f   $24,500$
      34,700       34,700
$2016$              
July $12$ To Balance b/f   $24,500$        
Debit Furniture A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $1$ To Capital A/c   $20,000$ July $11$ By Balance A/c   $28,000$
$6$ To Cash A/c   $3,000$        
$11$ To Bank A/c   $3,000$        
$11$ To Cash A/c   $2,000$        
      28,000       28,000
$2016$              
July $12$ To Balance b/f   $28,000$        
Debit Capital A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $11$ To Balance A/c   $1,00,000$ July $1$ To Cash A/c   $80,000$
        $1$     $20,000$
      1,00,000       1,00,000
        $201$6      
        July $12$ By Balance b/f   $1,00,000$
Debit Purchase A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $3$ To Cash A/c   $4,000$ July $11$ By Balance c/f   $11,280$
$3$ To Mahendra’s A/c   $7,280$        
      11,280       11,280
$2016$              
July $12$ To Balance b/f   $11,280$        
Debit Mahendra’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $8$ To Bank A/c   $7,200$ July $3$ By Purchase A/c   $7,280$
$8$ To Discount A/c   $80$        
      7,280       7,280
Debit Narendra’s A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $5$ To Sales A/c   $4,750$ July $10$ By Bank A/c   $4,700$
        $10$ By Discount A/c   $50$
      4,750       4,750
Debit Sales A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $11$ To Balance c/f   $6,750$ July $5$ By Narendra’s A/c   $4,750$
        $5$ By Cash a/c   $2,000$
      6,750       6,750
        $2016$      
        July $12$ By Balance b/f   $6,750$
Debit Drawings A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $7$ To Cash A/c   $8,200$ July $11$ By Balance c/f   $8,200$
      8,200       8,200
$2016$              
July $12$ To Balance b/f   $8,200$        
Debit Discount received A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $11$ To Balance c/f   $80$ July $8$ By Mahendra A/c   $80$
      80       80
        $2016$      
        July $12$ By Balance b/f   $80$
                 
Debit Discount Allowed A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $10$ To Narendra A/c   $50$ July $11$ By Balance c/f   $50$
      50       50
$2016$              
July $12$ To Balance b/f   $50$        
Debit Advertisement Exp.A/c Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2016$       $2016$      
July $10$ To Cash A/c   $4,000$ July $11$ By Balance c/f   $4,000$
      4,000       4,000
$2016$              
July $12$ To Balance b/f   $4,000$        
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Question 812 Marks
From the following transactions pass journal entries in the books of Dharmendra and post them in ledger.
Find out the balance of each account and decide which account has which balance.
$2016$ July $1$ Commenced a business by bringing in cash of $Rs.80,000$ and furniture of $Rs.20,000$. $2$ A bank account is opened, by depositing $Rs.30,000. 3$ Goods of $Rs.12,000$ are purchased from Mahendra at $6 \%$ trade discount and paid cash $Rs.4,000$. $5$ Goods of $Rs.7,500$ are sold to Narendra at $10\%$ trade discount and he has paid $Rs.2,000$. $6$ Paid in cash $Rs.3,000$ for shop board and $Rs.4,000$ for advertisement in a newspaper. $7$ Paid life insurance premium of $Rs.6,000$ and son’s school fees of $Rs.2,200$ from the shop. $8$ Given a cheque of $Rs.7,200$ to Mahendra and settled his account.
$10$ Received a cheque of $Rs.4,700$ from Narendra in full settlement. $11$ Purchased the furniture of $Rs.5,000$ from Surendra Hardware. Against this given $Rs.3,000$ by cheque and $Rs.2,000$ in cash.
Answer
Debit balance : cash A/c $Rs. 30,800$, Bank A/c $Rs.24,500$, furniture A/c $RS. 25,000$, purchase A/c $Rs. 11,280$, Advertisement expense A/c $Rs. 4000,$
discount allowed A/c $Rs. 50$, drawings A/c $Rs.8200,$ sundry expenses $Rs. 3000$.
Credit balance : capital A/c $Rs.1,00,000$, sales A/c $Rs. 6750$, discount received A/c $Rs. 80$
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Question 912 Marks
In the book of Shri Harnish, write journal entries, for the following transactions and draw necessary accounts in the ledger and post them in ledger :
$2016$
July $1$ Goods of $Rs. 45,000$ are purchased from Foram.
  $3$ Brought additional capital of $Rs. 60,000$ in the business.
  $5$ Paid $Rs. 5000$ to Avadh.
  $6$ Goods of $Rs. 20,000$ are sold at $20 \%$ profit to Sunny at $10 \%$ trade discount.
  $8$ Deposited $Rs. 11,000$ in bank.
  $9$ Furniture of $Rs. 3200$ is purchased from Maruti Furniture Mart.
  $11$ Paid $Rs. 4500$ from business for household expenses.
Answer
Journal Entries in the Books of Shri Harnish
Date Particulars L. Debit Credit
F. (Rs.) (Rs.)
$2015$        
July$1$ Purchase A/c Dr.   $45,000$  
  To Foram A/c     $45,000$
  [Being the goods purchased of $Rs. 45,000$.]      
$3$ Cash A/c Dr.   $60,000$  
  To capital A/c     $60,000$
  [Being the additional capital of $Rs. 60,000$ brought in the business.]      
$5$ Avadh A/c Dr.   $5000$  
  To cash A/c     $5000$
  [Being the cash of $Rs. 5000$ paid to Avadh.]      
$6$ Sunny A/c Dr.   $21,600$  
  To sales A/c     $21,600$
  [Being the goods of $Rs. 20,000$ sold after adding $20%$ profit, at $10 %$ trade discount.]      
$8$ Bank A/c Dr.   $11,000$  
  To cash A/c     $11,000$
  [Being the cash of $Rs. 11,000$ deposited in bank.]      
$9$ Furniture A/c Dr.   $3200$  
  To Maruti Furniture Mart A/c     $3200$
  [Being the furniture of $Rs. 3200$ purchased from Maruti Furniture Mart.]      
$11$ Drawings A/c Dr.   $4500$  
  To cash A/c     $4500$
  [Being the household expenses of $Rs. 4500$ paid from business.]      
  Total   $1,50,300$ $1,50,300$
Ledger of Harnish
Debit Purchase Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $1$ Foram A/c   $45,000$        
Debit Foram Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2015$      
        July $1$ By Purchase A/c   $45,000$
Debit Cash Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$       $2015$      
July $3$ To capital A/c   $60,000$ July $5$ By Avadh A/c   $5000$
        $8$ By bank A/c   $11,000$
        $11$ By drawings A/c   $4500$
Debit Capital Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2015$      
        July $3$ By cash A/c   $60,000$
Debit Avadh Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $5$ To cash A/c   $5000$        
Debit Sunny Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $6$ To sales A/c   $21,600$        
Debit Sales Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2015$      
        July $6$ By Sunny A/c   $21,600$
Debit Bank Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $8$ To cash A/c   $11,000$        
Debit Furniture Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $9$ To Maruti Fur.Mart A/c   $3200$        
Debit Maruti Furniture Mart Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
        $2015$      
        July $9$ By furniture A/c   $3200$
Debit Drawings Account Credit
Date Particulars J. Amt. Date Particulars J. Amt.
F. (Rs.) F. (Rs.)
$2015$              
July $11$ To cash A/c   $4500$        
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