10. Enter the following transactions in the book of Ramesh :
2016
Feb. 1 He commenced business with cash
Feb. 3 Cash purchases
Feb. 4 Goods bought from Ram on credit
Feb. 5 Cash sale
Feb. S Goods sold to Rahim by cash
Feb. 6 Goods bought from Kasim
Feb. 10 Cash deposited into bank
Feb. 11 Goods sold to Rahim
Feb. 15 Cash paid to Ram
Feb. 18 Cash withdrawn from bank
Feb. 19 Wages paid
Feb. 23 Rent paid to landlord
Feb. 25 Cash deposited into bank
Feb. 28 Salary paid
10,000
50,000
80,000
15,000
20,000
10,000
10,000
6,000
15,000
5,000
6,000
1.500
6,000
10,000
Answers
Answer:Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
Apr 01
Cash A/c
Dr.
1,00,000
To Capital A/c
1,00,000
(Started business with cash)
Apr 02
Bank A/c
Dr.
20,000
To Cash A/c
20,000
(Paid into bank)
Apr 03
Purchases A/c
Dr.
50,000
To Cash A/c
50,000
(Goods purchased)
Apr 04
Cash A/c
Dr.
10,000
To Bank A/c
10,000
(Drew from bank for office use)
Apr 13
Krishna A/c
Dr.
15,000
To Sales A/c
15,000
(Goods sold)
Apr 20
Purchases A/c
Dr.
22,500
To Shyam A/c
22,500
(Goods purchased on credit)
Apr 24
Cash A/c
Dr.
12,500
Discount Allowed A/c
Dr.
500
To Krishna A/c
13,000
(Received from Krishna)
Apr 28
Shyam A/c
Dr.
22,500
To Cash A/c
21,500
To Discount Received A/c
1,000
(Paid to Shyam)
Apr 28
Sales Return A/c
Dr.
2,000
To Krishna A/c
2,000
(Goods returned by Krishna)
Apr 30
Cash A/c
Dr.
80,000
To Sales
80,000
(Cash sales for the month of April)
Apr 30
Rent A/c
Dr.
5,000
To Cash A/c
5,000
(Paid rent)
Apr 30
Salary A/c
Dr.
10,000
To Cash A/c
10,000
(Paid salary)
Explanation: