Accountancy, asked by madhusmita29, 9 months ago

25 transactions with journal ledger trial balance and financial statement​

Answers

Answered by lovingheart
2

Here are 25 transactions with ledger trial balance and financial statement

Explanation:

providing you with few transactions of M/s. Rajesh Traders consisting of 16 transactions along with Journal entries, Ledgers, Trial Balance, Financial Statements along with some of the ledgers and similarly, you can prepare the remaining ledgers.  

The following are the transactions of M/s Rajesh Traders.

Date Particulars

2012  

April 1 Rajesh started his business with cash Rs 1,00,000

April 10 Rajesh opened an account in a bank with cash Rs 30,000

May 10 Purchased goods from Mohan Singh on credit Rs 40,000 and also paid carriage of Rs 2,000

May 20 Sold goods to Rajeev Rs 20,000

May 25 Due to some quality defect Mohan Singh returned goods of Rs 10,000

June 15 Sold goods to Ayesha for Rs 70,000

June 30 Paid rent of Rs 10,000

Aug.31 Purchased Furniture for cash of Rs 8,000

Sept.10 Paid through a cheque of Rs 5,000 for advertisement

Oct.05 Withdrawn Rs 6,000 from Bank for personal use

Nov.30 Recovered Rs 65,000 from Ayesha in full settlement of his account

Dec.12 Goods costing Rs 1,000 donated to NGO

Dec.31 Salaries paid to employees Rs 15,000

2013  

Jan.15 Interest received from Bank Rs 2,000

Feb.10 Rajeev has become insolvent Rs 80 paisa in the rupees on a debt of Rs 20,000 was recovered as a compensation

March 31 Stock of good at end of the year is Rs 32,000  

Journalize above transaction, post them in ledgers, prepare Trial Balance and Financial Statements for year ending March 31, 2013  

 

Books of M/s Rajesh Traders

April 01 Cash A/c Dr.   1,00,000  

 To Capital A/c       1,00,000

 (Business started with cash of Rs 1,00,000)        

           

April 10 Bank A/c Dr.   30,000  

 To Cash A/c       30,000

 (Opened a Bank Account)        

           

May 10 Purchase A/c Dr.   40,000  

 To Mohan Singh       40,000

 (Goods Purchased on credit)        

           

May 10 Carriage A/c Dr.   2,000  

 To Cash A/c       2,000

 (Carriage paid on purchase of goods)        

           

May 20 Rajeev Dr.   20,000  

 To Sales A/c       20,000

 (Goods sold to Rajeev)        

           

May 25 Mohan Singh Dr.   10,000  

 To Purchase Return A/c       10,000

 (Goods returned by Mohan Singh)        

           

June 15 Ayesha Dr.   70,000  

 To Sales A/c       70,000

 (Goods Sold to Ayesha)        

           

June 30 Rent A/c Dr.   10,000  

 To Cash A/c       10,000

 (Rent Paid)        

           

Aug.31 Furniture A/c Dr.   8,000  

 To Cash A/c       8,000

 (Furniture purchased)        

           

Sept.10 Advertisement A/c Dr.   5,000  

 To Bank A/c       5,000

 (Advertisement expenses paid through cheque)        

           

Oct.05 Drawing A/c Dr.   6,000  

 To Bank       6,000

 (Withdrawn from bank for personal use)        

           

Nov.30 Cash A/c Dr.   65,000  

 Discount Allowed A/c Dr.   5,000  

 To Ayesha       70,000

 (Recovered from Ayesha in full settlement of his account)        

           

Dec.12 Donation A/c Dr.   1,000  

 To Purchases A/c       1,000

 (Goods of Rs 1,000 donated to NGO)        

           

Dec.31 Salaries A/c Dr.   15,000  

 To Cash A/c       15,000

 (Salaries Paid to employees)        

           

2013          

Jan.15 Bank A/c Dr.   2,000  

 To Interest A/c       2,000

 (Interest received)        

           

Feb.10 Cash A/c Dr.   16,000  

 Bad debt A/c Dr.   4,000  

 To Rajeev A/c       20,000

 (Cash compensation of 80 paise in the rupees received from Rajeev)        

           

Mar.31 Closing Stock A/c Dr.   32,000  

 To Trading A/c       32,000

 (Closing stock transferred in account)        

           

             

Cash Account

Dr.   Cr.

Date Particulars J.F. Amount  

(Rs) Date Particulars J.F. Amount  

(Rs)

2012       2012      

April.01 Capital A/c   1,00,000 April 10 Bank A/c   30,000

Nov.30 Ayesha   65,000 May 10 Carriage A/c   2,000

2013       June 30 Rent A/c   10,000

Feb.10 Rajeev   16,000 Aug.31 Furniture A/c   8,000

       Dec.31 Salaries A/c   15,000

       2013      

       Mar.31 Balance c/d   1,16,000

     1,81,000       1,81,000

               

                   

Bank A/c

Dr.   Cr.

Date Particulars J.F. Amount  

(Rs) Date Particulars J.F. Amount  

(Rs)

2012       2012      

April 10 Cash A/c   30,000 Sept.10 Advertisement A/c   5,000

       Oct.05 Drawings A/c   6,000

2013       2013      

Jan.15 Interest A/c   2,000 Mar.31 Balance c/d   21,000

     32,000       32,000

               

                     

 

 

Mohan Singh

Dr.   Cr.

Date Particulars J.F. Amount  

(Rs) Date Particulars J.F. Amount  

(Rs)

2012       2012      

May 25 Purchase Return   10,000 May 10 Purchases A/c   40,000

2013              

Mar 31 Balance c/d   30,000        

     40,000       40,000

               

                   

Purchases A/c

Dr.   Cr.  

Date Particulars J.F. Amount  

(Rs) Date Particulars J.F. Amount  

(Rs)

2012       2012      

May 10 Mohan Singh   40,000 Dec.12 Donation A/c   1,000

       2013      

       Mar.31 Balance c/d   39,000

     40,000       40,000

               

                     

Bad Debts A/c

Dr.   Cr.  

Date Particulars J.F. Amount  

(Rs) Date Particulars J.F. Amount  

(Rs)

2013       2013      

Feb.10 Rajeev   4,000 Mar.31 Balance c/d   4,000

     4,000       4,000

               

To know more:

  1. 25 transactions with gst with their journal entries, ledger, trial balance and financial statements with adjustment
  1. https://brainly.in/question/14866820

Answered by pritimilind602
0

Answer:

10transaction of travel agency with journal ledger trial balance and financial statements

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