3. The following transactions took place in the
Transaction in the ledger and prepare Trial Balance as on 31st January
2015
Jan 1 Commenced business with cash 25,000; Furniture 10,000,
Machinery 45,000
Jan 3 Purchased goods for cash of 10,000 and on credit from
Satyanarayan worth 15,000
5 Sold goods to Dilip on credit 9,000 and for cash * 18,000
7 Deposited in Bank 10,000
18 Cash paid to Satyanarayan 14,500 discount allowed 500
20 Cash received from Dilip 8,750 in full settlement of his
account.
25 Received Interest 600
28 Paid Rent by cheque * 1,200
30 Paid Salaries 2,000
(Ans : Trial Balance Total 1,08,100
Answers
Answer:
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2019
Apr.01
Cash A/c
Dr.
50,000
To Capital A/c
50,000
(Business started with cash)
Apr.03
Purchases A/c
Dr.
20,000
To Rita
20,000
(Goods purchased from Rita on credit)
Apr.04
Rita
Dr.
10,000
To Cash A/c
10,000
(Cash paid to Rita)
Apr.06
Rohit
Dr.
25,000
To Sales A/c
25,000
(Goods sold to Rohit on credit)
Apr.08
Cash A/c
Dr.
20,000
To Rohit
20,000
(Cash received from Rohit)
Apr.12
Purchases A/c
Dr.
12,000
To Rita
12,000
(Goods purchased from Rita on credit)
Apr.18
Rita
Dr.
20,000
To Cash A/c
20,000
(Cash paid to Rita)
Apr.25
Rohit
Dr.
10,000
To Sales A/c
10,000
(Goods Sold to Rohit)
Apr.30
Cash A/c
Dr.
6,000
To Rohit
6,000
(Cash received from Rohit)
Cash Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
2019
Apr.01
Capital A/c
50,000
Apr.04
Rita
10,000
Apr.08
Rohit
20,000
Apr.18
Rita
20,000
Apr.30
Rohit
6,000
Apr.30
Balance c/d
46,000
76,000