Problem - 1

Mr. Ramu has the following transactions in the month of July.

Record them into the journal and show postings in the ledger and balance the accounts.

July 1st : Ramu started business with a capital of 75,000

1st : Purchased goods from Manu on credit 25,000

2nd : Sold goods to Sonu 20,000

3rd : Purchased goods from Meenu 15,000

4th : Sold goods to Tanu for cash 16,000

5th : Goods retuned to Manu 2,000

6th : Bought furniture for 15,000

7th : Bought goods from Zenu 12,000

8th : Cash paid to Manu 10,000

9th : Sold goods to Jane 13,500

10th : Goods returned from Sonu 3,000

11th : Cash received from Jane 5,500

12th : Goods taken by Ramu for domestic use 3,000

13th : Returned Goods to Zenu 1,000

14th : Cash received from Sonu 12,000

15th : Bought machinery for 18,000

16th : Sold part of the furniture for 1,000

17th : Cash paid for the purchase of bicycle for Ramu's son 1,500

19th : Cash sales 15,000

20th : Cash purchases 13,500

Solution hide
Journal in the books of M/s Rama & Sons
for the period from July 1st, _5 to July 31st, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

July – Cash a/c Dr – 75,000

1st – 75,000
To Capital a/c

[Being the amount received from Mr. Ramu, the

proprietor as his capital contribution vide receipt
no:___ dated:__]

July – Goods/stock a/c Dr – 25,000

1st – 25,000
To Manu a/c

[Being the value of stock purchased from Mr.

Manu vide bill no:___ dated:__]

July – Sonu a/c Dr – 20,000

nd
2 – 20,000
To Goods/stock a/c

[Being the value of stock sold to Mr.Sonu vide bill

no:___ dated:__]

July – Goods/stock a/c Dr – 15,000

3rd – 15,000
To Meenu a/c

[Being the value of stock purchased from

Mr.Meenu on credit vide bill no:___ dated:__]

July – Cash a/c Dr – 16,000

4th – 16,000
To Goods/stock a/c

[Being the value of stock sold to Mr. Tanu for cash

vide receipt no:___ dated:__]

July – Manu a/c Dr – 2,000

 Journal in the books of M/s Rama & Sons
for the period from July 1st, _5 to July 31st, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

5th To Goods/stock a/c – 2,000

[Being the value of stock returned to Mr. Manu

vide bill no:___ dated:__]

July – Furniture a/c Dr – 15,000

th
6 – 15,000
To Cash a/c

[Being the value of furniture purchased from M/s

___vide bill no:___ dated:__]

July – Goods/stock a/c Dr – 12,000

7th – 12,000
To Zenu a/c

[Being the value of stock Purchased from Mr. Zenu

vide bill no:___ dated:__]

July – Manu a/c Dr – 10,000

8th – 10,000
To Cash a/c

[Being the amount paid to Mr. Manu vide voucher

no:___ dated:__]

July – Jane a/c Dr – 13,500

9th – 13,500
To Goods/stock a/c

[Being the value of stock Sold to Ms.Zane vide bill

no:___ dated:__]

July – Goods/stock a/c Dr – 3,000

10th – 3,000
To Sonu a/c

[Being the value of stock returned from Mr. Sonu

vide bill no:___ dated:__]
 Journal in the books of M/s Rama & Sons
for the period from July 1st, _5 to July 31st, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

July – Cash a/c Dr – 5,500

11th – 5,500
To Jane a/c

[Being the amount of cash received from Ms. Jane

vide cash receipt no:___ dated:__]

July – Drawings a/c Dr – 3,000

th
12 – 3,000
To Goods/stock a/c

[Being the amount of stock taken by Ramu for

domestic use vide bill no:___ dated:__]

July – Zenu a/c Dr – 1,000

13th – 1,000
To Goods/stock a/c

[Being the amount of stock returned to Mr. Zenu

vide bill no:___ dated:__]

July – Cash a/c Dr – 12,000

th
14 – 12,000
To Sonu a/c

[Being the amount of cash received from Mr. Sonu

vide cash receipt no:___ dated:_]

July – Machinery a/c Dr – 18,000

15th – 18,000
To Cash a/c

[Being the amount paid for machinery purchased

to M/s ____vide voucher no:___ dated:__]

July – Cash a/c Dr – 1,000

th
16 – 1,000
To Furniture a/c

[Being the amount received on sale of furniture

 Journal in the books of M/s Rama & Sons
for the period from July 1st, _5 to July 31st, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

vide cash receipt no:___ dated:__]

July – Drawings a/c Dr – 15,000

17th – 15,000
To Cash a/c

[Being the amount of cash paid for bicycle

purchases for proprietor's son vide voucher
no:___ dated:__]

July – Cash a/c Dr – 15,000

th
19 – 15,000
To Goods/stock a/c

[Being the value of stock sold for cash vide receipt

no:___ dated:__]

July – Goods/stock a/c Dr – 13,500

20th – 13,500
To Cash a/c

[Being the value of stock Purchased for vide

voucher no:___ dated:__]

General Ledger
[Books of Mr. Ramu]
Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Capital a/c – 75,000 06/10/_5 By Furniture a/c – 15,000

04/10/_5 To Goods/stock a/c – 16,000 08/10/_5 By Manu a/c – 10,000
11/10/_5 To Jane a/c – 5,500 15/10/_5 By Machinery a/c – 18,000
14/10/_5 To Sonu a/c – 12,000 17/10/_5 By Drawings a/c – 15,000
16/10/_5 To Furniture a/c – 1,000 20/10/_5 By Goods/stock a/c – 13,500
 Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

19/10/_5 To Goods/stock a/c – 15,000 30/07/_5 By Balance c/d – 53,000

tl 1,24,500 tl 1,24,500

31/07/_5 To Balance b/d – 53,000

Capital a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/07/_5 To Balance c/d – 75,000 01/10/_5 By Cash a/c – 75,000

tl 75,000 tl 75,000

31/07/_5 By Balance b/d – 75,000

Goods/stock a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Manu a/c – 25,000 02/10/_5 By Sonu a/c – 20,000

03/10/_5 To Meenu a/c – 15,000 04/10/_5 By Cash a/c – 16,000
07/10/_5 To Zenu a/c – 12,000 05/10/_5 By Manu a/c – 2,000
10/10/_5 To Sonu a/c – 3,000 09/10/_5 By Jane a/c – 13,500
20/10/_5 To Cash a/c – 13,500 12/10/_5 By Drawings a/c – 3,000
30/07/_5 To Balance c/d – 2,000 13/10/_5 By Zenu a/c – 1,000
19/10/_5 By Cash a/c – 15,000

tl 70,500 tl 70,500

31/07/_5 By Balance b/d – 2,000

 Manu a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

05/10/_5 To Goods/stock a/c – 2,000 01/10/_5 By Goods/stock a/c – 25,000

08/10/_5 To Cash a/c – 10,000
30/07/_5 To Balance c/d – 13,000

tl 25,000 tl 25,000

31/07/_5 By Balance b/d – 13,000

Sonu a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

02/10/_5 To Goods/stock a/c – 20,000 10/10/_5 By Goods/stock a/c – 3,000

14/10/_5 By Cash a/c – 12,000
30/07/_5 By Balance c/d – 5,000

tl 20,000 tl 20,000

31/07/_5 To Balance b/d – 5,000

Meenu a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/07/_5 To Balance c/d – 15,000 03/10/_5 By Goods/stock a/c – 15,000

tl 15,000 tl 15,000

31/07/_5 By Balance b/d – 15,000

 Furniture a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

06/10/_5 To Cash a/c – 15,000 16/10/_5 By Cash a/c – 1,000

30/07/_5 By Balance c/d – 14,000

tl 15,000 tl 15,000

31/07/_5 To Balance b/d – 14,000

Zenu a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

13/10/_5 To Goods/stock a/c – 1,000 07/10/_5 By Goods/stock a/c – 12,000

30/07/_5 To Balance c/d – 11,000

tl 12,000 tl 12,000

31/07/_5 By Balance b/d – 11,000

Jane a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

09/10/_5 To Goods/stock a/c – 13,500 11/10/_5 By Cash a/c – 5,500

30/07/_5 By Balance c/d – 8,000

tl 13,500 tl 13,500

31/07/_5 To Balance b/d – 8,000

Drawings a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

12/10/_5 To Goods/stock a/c – 3,000 30/07/_5 By Balance c/d – 18,000

 Drawings a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

17/10/_5 To Cash a/c – 15,000

tl 18,000 tl 18,000

31/07/_5 To Balance b/d – 18,000

Machinery a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

15/10/_5 To Cash a/c – 18,000 30/07/_5 By Balance c/d – 18,000

tl 18,000 tl 18,000

31/07/_5 To Balance b/d – 18,000

Problem - 2
Journalise the following transactions in the books of Moon and post them into the ledger for the
month of August

Aug 10th : Moon commenced business with a capital of 1,50,000

11th : Cash deposited into bank 50,000

12th : Bought equipment for 15,000

13th : Bought goods worth 20,000 from Star and payment made by cheque

14th : Sold goods to Sun for 15,000 and payment received through cheque

16th : Paid rent by cheque 5,000

17th : Took loan from Mr. Storm 25,000

18th : Received commission from Mr. Air by cheque 5,000

19th : Wages paid 15,000

20th : Withdrew from bank for personal use 3,000

21st : Withdrew from bank for office use 10,000

22nd : Bought goods for 25,000

23rd : Cash paid into bank 30,000

24th : Interest paid through cheque 2,000

25th : Gave loan to Mr.Wind 10,000

26th : Amount paid to Mr. Storm on loan account 15,000

27th : Salary paid to Manager Mr. Liquid 5,000

28th : Postage paid 1,000

29th : Received cheque from Mr. Wind on loan account 3,000

30th : Sold part of the equipment for 2,000

Solution hide
Journal in the books of M/s Rama & Sons
for the period from August 10th, _5 to August 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

August – Cash a/c Dr – 1,50,000

10th – 1,50,000
To Capital a/c

[Being the amount received from Mr. Moon, the

proprietor as his capital contribution vide receipt
no:__ dated:__]

11th – Bank a/c Dr – 50,000

– 50,000
To Cash a/c

[Being the amount of cash deposited into bank

vide bill no:___ dated:__]

12th – Equipment a/c Dr – 15,000

– 15,000
To Cash a/c

[Being the value of equipment purchased from

M/s___ for cash vide bill no:___ dated:__]

13th – Goods/stock a/c Dr – 20,000

– 20,000
To Bank a/c

[Being the payment made for stock purchased

vide Cheque no:__ dated:__]

14th – Bank a/c Dr – 15,000

– 15,000
To Goods/stock a/c

[Being the amount received for stock sold to Mr.

Sun vide Cheque no:__ dated:__]

16th – Rent a/c Dr – 5,000

 Journal in the books of M/s Rama & Sons
for the period from August 10th, _5 to August 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

To Bank a/c – 5,000

[Being the amount paid for rent vide voucher

no:___ dated:__]

17th – Cash a/c Dr – 25,000

– 25,000
To Loan from Storm a/c

[Being the cash received from Mr. Storm as loan

vide receipt no:___ dated:__]

18th – Bank a/c Dr – 5,000

– 5,000
To Commission a/c

[Being the amount received for commission vide

cheque no:__ dated:__]

19th – Wages a/c Dr – 15,000

– 15,000
To Cash a/c

[Being the amount paid for wages vide voucher

no:___ dated:__]

20th – Drawings a/c Dr – 3,000

– 3,000
To Bank a/c

[Being the amount withdrawn from bank for

personal use vide cheque no:___ dated:__]

21st – Cash a/c Dr – 10,000

– 10,000
To Bank a/c

[Being the amount withdrawn from bank for

office purpose vide cheque no:___ dated:__]
 Journal in the books of M/s Rama & Sons
for the period from August 10th, _5 to August 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

22nd – Goods/stock a/c Dr – 25,000

– 25,000
To Cash a/c

[Being the amount of cash paid for stock

purchases vide voucher no:___ dated:__]

23rd – Bank a/c Dr – 30,000

– 30,000
To Cash a/c

[Being the amount deposited into bank vide

voucher no:___ dated:__]

24th – Interest a/c Dr – 2,000

– 2,000
To Bank a/c

[Being the amount of interest paid vide cheque

no:___ dated:__]

25th – Loan to Mr. Wind a/c Dr – 10,000

– 10,000
To Cash a/c

[Being the amount of cash given to Mr. Wind as

loan vide voucher no:___ dated:__]

26th – Loan from Strom a/c Dr – 15,000

– 15,000
To Cash a/c

[Being the amount paid to Mr. Storm for

repayment of loan vide voucher no:___
dated:__]

27th – Salary a/c Dr – 5,000

– 5,000
To Cash a/c
 Journal in the books of M/s Rama & Sons
for the period from August 10th, _5 to August 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

[Being the amount paid for salary to Mr. Liquid

vide voucher no:___ dated:__]

28th – Postage a/c Dr – 1,000

– 1,000
To Cash a/c

[Being the amount paid for purchase of postage

vide voucher no:___ dated:__]

29th – Bank a/c Dr – 3,000

– 3,000
To Loan to Mr. wind a/c

[Being the Cheque no:___ date___ received

from Mr. Wind for repayment of loan]

30th – Cash a/c Dr – 2,000

– 2,000
To Equipment a/c

[Being the amount received on sale of

equipment vide receipt no:___ dated:__]

General Ledger
[Books of M/s Rama & Sons]
Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

10/10/_5 To Capital a/c – 1,50,000 11/10/_5 By Bank a/c – 50,000

17/10/_5 To Loan from Storm a/c – 25,000 12/10/_5 By Equipment a/c – 15,000
21/10/_5 To Bank a/c – 10,000 19/10/_5 By Wages a/c – 15,000
30/10/_5 To Equipment a/c – 2,000 22/10/_5 By Goods/stock a/c – 25,000
23/10/_5 By Bank a/c – 30,000
 Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

25/10/_5 By Loan to Mr. Wind a/c – 10,000

26/10/_5 By Loan from Strom a/c – 15,000
27/10/_5 By Salary a/c – 5,000
28/10/_5 By Postage a/c – 1,000
31/08/_5 By Balance c/d – 21,000

tl 1,87,000 tl 1,87,000

01/09/_5 To Balance b/d – 21,000

Capital a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/08/_5 To Balance c/d – 1,50,000 10/10/_5 By Cash a/c – 1,50,000

tl 1,50,000 tl 1,50,000

01/09/_5 By Balance b/d – 1,50,000

Bank a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

11/10/_5 To Cash a/c – 50,000 13/10/_5 By Goods/stock a/c – 20,000

14/10/_5 To Goods/stock a/c – 15,000 16/10/_5 By Rent a/c – 5,000
18/10/_5 To Commission a/c – 5,000 20/10/_5 By Drawings a/c – 3,000
23/10/_5 To Cash a/c – 30,000 21/10/_5 By Cash a/c – 10,000
29/10/_5 To Loan to Mr. wind a/c – 3,000 24/10/_5 By Interest a/c – 2,000
31/08/_5 By Balance c/d – 63,000

tl 1,03,000 tl 1,03,000

01/09/_5 To Balance b/d – 63,000

 Equipment a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

12/10/_5 To Cash a/c – 15,000 30/10/_5 By Cash a/c – 2,000

31/08/_5 By Balance c/d – 13,000

tl 15,000 tl 15,000

01/09/_5 To Balance b/d – 13,000

Goods/stock a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

13/10/_5 To Bank a/c – 20,000 14/10/_5 By Bank a/c – 15,000

22/10/_5 To Cash a/c – 25,000 31/08/_5 By Balance c/d – 30,000

tl 45,000 tl 45,000

01/09/_5 To Balance b/d – 30,000

Rent a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

16/10/_5 To Bank a/c – 5,000 31/08/_5 By Balance c/d – 5,000

tl 5,000 tl 5,000

01/09/_5 To Balance b/d – 5,000

Loan from Storm a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/08/_5 To Balance c/d – 25,000 17/10/_5 By Cash a/c – 25,000

 Loan from Storm a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

tl 25,000 tl 25,000

01/09/_5 By Balance b/d – 25,000

Commission a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/08/_5 To Balance c/d – 5,000 18/10/_5 By Bank a/c – 5,000

tl 5,000 tl 5,000

01/09/_5 By Balance b/d – 5,000

Wages a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

19/10/_5 To Cash a/c – 15,000 31/08/_5 By Balance c/d – 15,000

tl 15,000 tl 15,000

01/09/_5 To Balance b/d – 15,000

Drawings a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

20/10/_5 To Bank a/c – 3,000 31/08/_5 By Balance c/d – 3,000

tl 3,000 tl 3,000

01/09/_5 To Balance b/d – 3,000

 Interest a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

24/10/_5 To Bank a/c – 2,000 31/08/_5 By Balance c/d – 2,000

tl 2,000 tl 2,000

01/09/_5 To Balance b/d – 2,000

Loan to Mr. Wind a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

25/10/_5 To Cash a/c – 10,000 31/08/_5 By Balance c/d – 10,000

tl 10,000 tl 10,000

01/09/_5 To Balance b/d – 10,000

Loan from Strom a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

26/10/_5 To Cash a/c – 15,000 31/08/_5 By Balance c/d – 15,000

tl 15,000 tl 15,000

01/09/_5 To Balance b/d – 15,000

Salary a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

27/10/_5 To Cash a/c – 5,000 31/08/_5 By Balance c/d – 5,000

tl 5,000 tl 5,000
 Salary a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/09/_5 To Balance b/d – 5,000

Postage a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

28/10/_5 To Cash a/c – 1,000 31/08/_5 By Balance c/d – 1,000

tl 1,000 tl 1,000

01/09/_5 To Balance b/d – 1,000

Loan to Mr. wind a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/08/_5 To Balance c/d – 3,000 29/10/_5 By Bank a/c – 3,000

tl 3,000 tl 3,000

01/09/_5 By Balance b/d – 3,000

Author : The Edifier

Prb 8
Problem - 1
Record the following transactions in the Journal and post them into ledger and prepare a Trail
Balance

Oct 1st : Neel started business with a capital of 80,000

3rd : Bought goods from Karl on credit 20,000

4th : Sold goods to Tarl 25,000

5th : Cash purchases 25,000

7th : Cash sales 15,000

9th : Goods retuned to Karl 2,000

10th : Bought furniture for 15,000

11th : Cash paid to Karl 12,000

12th : Goods returned by Tarl 3,000

14th : Goods taken by Neel for personal use 3,000

15th : Cash received from Tarl 12,000

16th : Took loan from Parl 30,000

17th : Salary paid 5,000

18th : Bought stationery for 1,000

19th : Amount paid to Parl on loan account 18,000

20th : Interest received 4,000

Solution hide
Journal in the books of Mr. Neel
for the period from Oct 1st, _5 to Oct 20th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

Oct – Cash a/c Dr – 80,000

1st – 80,000
To Capital a/c

[Being the amount received from Mr. Neel, the

proprietor as his capital contribution vide receipt
no:___ dated:__]

3rd – Goods/stock a/c Dr – 20,000

– 20,000
To Karl a/c

[Being the value of stock purchased from Mr.Karl

on credit vide bill no:___ dated:__]

4th – Tarl a/c Dr – 25,000

– 25,000
To Goods/stock a/c

[Being the value of stock sold to Mr.Tarl on credit

vide bill no:___ dated:__]

5th – Goods/stock a/c Dr – 25,000

– 25,000
To Cash a/c

[Being the value of stock purchased for cash vide

bill no:___ dated:__]

7th – Cash a/c Dr – 15,000

– 15,000
To Goods/stock a/c

[Being the value of stock sold for cash vide receipt

no:___ dated:__]

9th – Karl a/c Dr – 2,000

 Journal in the books of Mr. Neel
for the period from Oct 1st, _5 to Oct 20th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

To Goods/stock a/c – 2,000

[Being the value of stock returned to Mr.Karl vide

bill no:___ dated:__]

10th – Furniture a/c Dr – 15,000

– 15,000
To Cash a/c

[Being the value of furniture purchased for cash

from M/s ___vide bill no:___ dated:__]

11th – Karl a/c Dr – 12,000

– 12,000
To Cash a/c

[Being the amount paid to Mr. Karl vide voucher

no:___ dated:__]

12th – Goods/stock a/c Dr – 3,000

– 3,000
To Tarl a/c

[Being the value of stock returned by Mr.Tarl vide

bill no:___ dated:__]

14th – Drawings a/c Dr – 3,000

– 3,000
To Goods/stock a/c

[Being the amount of stock taken by Neel for

Personal use vide bill no:___ dated:__]

15th – Cash a/c Dr – 12,000

– 12,000
To Tarl a/c

[Being the amount received to Mr. Tarl vide

voucher no:___ dated:__]
 Journal in the books of Mr. Neel
for the period from Oct 1st, _5 to Oct 20th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

16th – Cash a/c Dr – 30,000

– 30,000
To Loan from parl a/c

[Being the cash received from Mr. Parl as loan vide

receipt no:___ dated:__]

17th – Salaries a/c Dr – 5,000

– 5,000
To Cash a/c

[Being the amount paid for Salaries vide voucher

no:___ dated:__]

18th – Stationery a/c Dr – 1,000

– 1,000
To Cash a/c

[Being the value of Stationery purchased from

M/s___ for cash vide bill no:___ dated:__]

19th – Loan from parl a/c Dr – 18,000

– 18,000
To Cash a/c

[Being the amount paid to Mr. Parl for repayment

of loan vide voucher no:___ dated:__]

20th – Cash a/c Dr – 4,000

– 4,000
To Interest a/c

[Being the interest received in cash from M/s

____vide voucher no:___ dated:__]

General Ledger
[Books of Mr. Neel]
 Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Capital a/c – 80,000 05/10/_5 By Goods/stock a/c – 25,000

07/10/_5 To Goods/stock a/c – 15,000 10/10/_5 By Furniture a/c – 15,000
15/10/_5 To Tarl a/c – 12,000 11/10/_5 By Karl a/c – 12,000
16/10/_5 To Loan from parl a/c – 30,000 17/10/_5 By Salaries a/c – 5,000
20/10/_5 To Interest a/c – 4,000 18/10/_5 By Stationery a/c – 1,000
19/10/_5 By Loan from parl a/c – 18,000
31/10/_5 By Balance c/d – 65,000

tl 1,41,000 tl 1,41,000

01/11/_5 To Balance b/d – 65,000

Capital a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/10/_5 To Balance c/d – 80,000 01/10/_5 By Cash a/c – 80,000

tl 80,000 tl 80,000

01/11/_5 By Balance b/d – 80,000

Goods/stock a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

03/10/_5 To Karl a/c – 20,000 04/10/_5 By Tarl a/c – 25,000

05/10/_5 To Cash a/c – 25,000 07/10/_5 By Cash a/c – 15,000
12/10/_5 To Tarl a/c – 3,000 09/10/_5 By Karl a/c – 2,000
14/10/_5 By Drawings a/c – 3,000
31/10/_5 By Balance c/d – 3,000

tl 48,000 tl 48,000
 Goods/stock a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/11/_5 To Balance b/d – 3,000

Karl a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

09/10/_5 To Goods/stock a/c – 2,000 03/10/_5 By Goods/stock a/c – 20,000

11/10/_5 To Cash a/c – 12,000
31/10/_5 To Balance c/d – 6,000

tl 20,000 tl 20,000

01/11/_5 By Balance b/d – 6,000

Tarl a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

04/10/_5 To Goods/stock a/c – 25,000 12/10/_5 By Goods/stock a/c – 3,000

15/10/_5 By Cash a/c – 12,000
31/10/_5 By Balance c/d – 10,000

tl 25,000 tl 25,000

01/11/_5 To Balance b/d – 10,000

Furniture a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

10/10/_5 To Cash a/c – 15,000 31/10/_5 By Balance c/d – 15,000

tl 15,000 tl 15,000
 Furniture a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/11/_5 To Balance b/d – 15,000

Drawings a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

14/10/_5 To Goods/stock a/c – 3,000 31/10/_5 By Balance c/d – 3,000

tl 3,000 tl 3,000

01/11/_5 To Balance b/d – 3,000

Loan from parl a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

19/10/_5 To Cash a/c – 18,000 16/10/_5 By Cash a/c – 30,000

31/10/_5 To Balance c/d – 12,000

tl 30,000 tl 30,000

01/11/_5 By Balance b/d – 12,000

Salaries a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

17/10/_5 To Cash a/c – 5,000 31/10/_5 By Balance c/d – 5,000

tl 5,000 tl 5,000

01/11/_5 To Balance b/d – 5,000

 Stationery a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

18/10/_5 To Cash a/c – 1,000 31/10/_5 By Balance c/d – 1,000

tl 1,000 tl 1,000

01/11/_5 To Balance b/d – 1,000

Interest a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

31/10/_5 To Balance c/d – 4,000 20/10/_5 By Cash a/c – 4,000

tl 4,000 tl 4,000

01/11/_5 By Balance b/d – 4,000

Trial Balance
[Modern Method]

Trial Balance of Mr. Neel as on 31/10/_5

Amount Amount
Particulars L/F
(Dr) (Cr)

Cash a/c – 65,000 –

Capital a/c – – 80,000
Goods/stock a/c – 3,000 –
Karl a/c – – 6,000
Tarl a/c – 10,000 –
Furniture a/c – 15,000 –
Drawings a/c – 3,000 –
Loan from parl a/c – – 12,000
Salaries a/c – 5,000 –
Stationery a/c – 1,000 –
Interest a/c – – 4,000
 Trial Balance of Mr. Neel as on 31/10/_5

Amount Amount
Particulars L/F
(Dr) (Cr)

Total 1,02,000 1,02,000

Problem - 2
Enter the following transactions in the Journal and post them into ledger and from the information
obtained prepare a Trail Balance.

Nov 10th : Mrs. Roy started business with 60,000

11th : Bought furniture from Modern Furniture for 10,000

12th : Purchased goods for cash 15,000

13th : Purchased goods from B. Sen & Co for 30,000

14th : Opened a bank account by depositing 16,000

16th : Sold goods for cash 15,000

17th : Purchased stationery for 1000 from Bharat Stationery Mart

18th : Sold goods to Zahir Khan for 10,000

19th : Bought machinery for 6,000 and payment made by cheque

20th : Goods returned by Zahir Khan for 2,000

21st : Payment to B.Sen & Co by cheque 5,000

22nd : Withdrew from bank for personal use 3,000

23rd : Interest paid through cheque 2,000

24th : Withdrew from bank for office expenses 10,000

26th : Cheque received from Zahir Khan 5,000

27th : Paid electricity bill for 100

29th : Cash sales for 6,000

30th : Commission received by cheque 5,000

Solution hide
Journal in the books of Mrs. Roy
for the period from Nov 10th, _5 to Nov 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

Nov – Cash a/c Dr – 60,000

10th – 60,000
To Capital a/c

[Being the amount received from Mr. Roy, the

proprietor as his capital contribution vide receipt
no:___ dated:__]

11th – Furniture a/c Dr – 10,000

– 10,000
To Modern Furniture a/c

[Being the furniture purchased for credit from M/S

Modern Furniture vide bill no:___ dated:__]

12th – Purchases a/c Dr – 15,000

– 15,000
To Cash a/c

[Being the value of goods purchased from M/s___

for cash vide bill no:___ dated:__]

13th – Purchases a/c Dr – 30,000

– 30,000
To B.Sen & Co a/c

[Being the value of goods purchased for credit

from M/S B.Sen & Co vide bill no:___ dated:__]

14th – Bank a/c Dr – 16,000

– 16,000
To Cash a/c

[Being the cash deposited into bank while opening

a bank a/c no:___ dated:__]
 Journal in the books of Mrs. Roy
for the period from Nov 10th, _5 to Nov 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

16th – Bank a/c Dr – 15,000

– 15,000
To Sales a/c

[Being the value of goods sold for cash vide receipt

no:___ dated:__]

17th – Stationery a/c Dr – 1,000

– 1,000
To Bharat Stationery Mart a/c

[Being the value of stationery purchased on credit

from M/S Bharat Stationery Mart vide bill no:___
dated:__]

18th – Zahir Khan a/c Dr – 10,000

– 10,000
To Sales a/c

[Being the value of goods sold on credit vide

invoice no:___ dated:__]

19th – Machinery a/c Dr – 6,000

– 6,000
To Bank a/c

[Being the value of machinery bought and

payment made by cheque no:___ dated:__]

20th – Sales Returns a/c Dr – 2,000

– 2,000
To Zahir Khan a/c

[Being the value of goods returned by Zahir Khan

vide return bill no:___ dated:__]

21st – B. Sen & Co a/c Dr – 5,000

– 5,000
To Bank a/c
 Journal in the books of Mrs. Roy
for the period from Nov 10th, _5 to Nov 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

[Being payment made by cheque vide cheque

no:___ dated:__]

22nd – Drawings a/c Dr – 3,000

– 3,000
To Bank a/c

[Being the amount withdraw from bank for

personal use vide cheque no:___ dated:__]

23rd – Interest a/c Dr – 2,000

– 2,000
To Bank a/c

[Being the amount of interest paid vide cheque

no:___ dated:__]

24th – Office Expenses a/c Dr – 10,000

– 10,000
To Bank a/c

[Being the amount withdraw from bank for office

expenses vide cheque no : ___ and voucher
no:___ dated:__]

26th – Bank a/c Dr – 5,000

– 5,000
To Zahir Khan a/c

[Being cheque received from Zahir khan vide

voucher no:___ dated:__]

27th – Electrical Bill a/c Dr – 100

– 100
To Cash a/c

[Being the amount paid towards electricity bill

vide voucher no:___ dated:__]
 Journal in the books of Mrs. Roy
for the period from Nov 10th, _5 to Nov 30th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

29th – Cash a/c Dr – 6,000

– 6,000
To Sales a/c

[Being the value of sales made for cash vide

receipt no:___ dated:__]

30th – Bank a/c Dr – 5,000

– 5,000
To Commision Received a/c

[Being the amount of commission received by

cheque vide voucher no:___ dated:__]

General Ledger
[Books of Mrs. Roy]
Cash a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

10/11/_5 To Capital a/c – 60,000 12/11/_5 By Purchases a/c – 15,000

29/11/_5 To Sales a/c – 6,000 14/11/_5 By Bank a/c – 16,000
27/11/_5 By Electrical Bill a/c – 100
30/11/_5 By Balance c/d – 34,900

tl 66,000 tl 66,000

01/12/_5 To Balance b/d – 34,900

Capital a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 60,000 10/11/_5 By Cash a/c – 60,000

 Capital a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

tl 60,000 tl 60,000

01/12/_5 By Balance b/d – 60,000

Furniture a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

11/11/_5 To Modern Furniture a/c – 10,000 30/11/_5 By Balance c/d – 10,000

tl 10,000 tl 10,000

01/12/_5 To Balance b/d – 10,000

Modern Furniture a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 10,000 11/11/_5 By Furniture a/c – 10,000

tl 10,000 tl 10,000

01/12/_5 By Balance b/d – 10,000

Purchases a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

12/11/_5 To Cash a/c – 15,000 30/11/_5 By Balance c/d – 45,000

13/11/_5 To B.Sen & Co a/c – 30,000

tl 45,000 tl 45,000
 Purchases a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/12/_5 To Balance b/d – 45,000

B.Sen & Co a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 30,000 13/11/_5 By Purchases a/c – 30,000

tl 30,000 tl 30,000

01/12/_5 By Balance b/d – 30,000

Bank a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

14/11/_5 To Cash a/c – 16,000 19/11/_5 By Machinery a/c – 6,000

16/11/_5 To Sales a/c – 15,000 21/11/_5 By B. Sen & Co a/c – 5,000
26/11/_5 To Zahir Khan a/c – 5,000 22/11/_5 By Drawings a/c – 3,000
30/11/_5 To Commision Received a/c – 5,000 23/11/_5 By Interest a/c – 2,000
24/11/_5 By Office Expenses a/c – 10,000
30/11/_5 By Balance c/d – 15,000

tl 41,000 tl 41,000

01/12/_5 To Balance b/d – 15,000

 Sales a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 31,000 16/11/_5 By Bank a/c – 15,000

18/11/_5 By Zahir Khan a/c – 10,000
29/11/_5 By Cash a/c – 6,000

tl 31,000 tl 31,000

01/12/_5 By Balance b/d – 31,000

Stationery a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

17/11/_5 To Bharat Stationery Mart a/c – 1,000 30/11/_5 By Balance c/d – 1,000

tl 1,000 tl 1,000

01/12/_5 To Balance b/d – 1,000

Bharat Stationery Mart a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 1,000 17/11/_5 By Stationery a/c – 1,000

tl 1,000 tl 1,000

01/12/_5 By Balance b/d – 1,000

Zahir Khan a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

18/11/_5 To Sales a/c – 10,000 20/11/_5 By Sales Returns a/c – 2,000

26/11/_5 By Bank a/c – 5,000
 Zahir Khan a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 By Balance c/d – 3,000

tl 10,000 tl 10,000

01/12/_5 To Balance b/d – 3,000

Machinery a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

19/11/_5 To Bank a/c – 6,000 30/11/_5 By Balance c/d – 6,000

tl 6,000 tl 6,000

01/12/_5 To Balance b/d – 6,000

Sales Returns a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

20/11/_5 To Zahir Khan a/c – 2,000 30/11/_5 By Balance c/d – 2,000

tl 2,000 tl 2,000

01/12/_5 To Balance b/d – 2,000

B. Sen & Co a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

21/11/_5 To Bank a/c – 5,000 30/11/_5 By Balance c/d – 5,000

tl 5,000 tl 5,000
 B. Sen & Co a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

01/12/_5 To Balance b/d – 5,000

Drawings a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

22/11/_5 To Bank a/c – 3,000 30/11/_5 By Balance c/d – 3,000

tl 3,000 tl 3,000

01/12/_5 To Balance b/d – 3,000

Interest a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

23/11/_5 To Bank a/c – 2,000 30/11/_5 By Balance c/d – 2,000

tl 2,000 tl 2,000

01/12/_5 To Balance b/d – 2,000

Office Expenses a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

24/11/_5 To Bank a/c – 10,000 30/11/_5 By Balance c/d – 10,000

tl 10,000 tl 10,000

01/12/_5 To Balance b/d – 10,000

 Electrical Bill a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

27/11/_5 To Cash a/c – 100 30/11/_5 By Balance c/d – 100

tl 100 tl 100

01/12/_5 To Balance b/d – 100

Commision Received a/c

DrCr

Date Particulars J/F Amount Date Particulars J/F Amount

30/11/_5 To Balance c/d – 5,000 30/11/_5 By Bank a/c – 5,000

tl 5,000 tl 5,000

01/12/_5 By Balance b/d – 5,000

Trial Balance
[Modern Method]

Trial Balance of Mrs. Roy as on 30/11/_5

Amount Amount
Particulars L/F
(Dr) (Cr)

Cash a/c – 34,900 –

Capital a/c – – 60,000
Furniture a/c – 10,000 –
Modern Furniture a/c – – 10,000
Purchases a/c – 45,000 –
B.Sen & Co a/c – – 30,000
Bank a/c – 15,000 –
Sales a/c – – 31,000
Stationery a/c – 1,000 –
Bharat Stationery Mart a/c – – 1,000
Zahir Khan a/c – 3,000 –
 Trial Balance of Mrs. Roy as on 30/11/_5

Amount Amount
Particulars L/F
(Dr) (Cr)

Machinery a/c – 6,000 –

Sales Returns a/c – 2,000 –
B. Sen & Co a/c – 5,000 –
Drawings a/c – 3,000 –
Interest a/c – 2,000 –
Office Expenses a/c – 10,000 –
Electrical Bill a/c – 100 –
Commision Received a/c – – 5,000

Total 1,37,000 1,37,000

Question-01: What is a Trial Balanc

Question-01: What i