6. Journalise the following transactions. Post them in the ledger, balance the ledger
accounts and prepare trial balance:
1990
Jan. 1 Murugan commenced business with a capital of Rs.80,000
2 Purchased goods for Rs.24,000
3 Bought furniture for Rs.20,000
5 Sold goods for Rs.18,000
7 Sold goods to Kumar on credit for Rs.15,000
8 Purchased goods from David on credit for Rs.6,000
15 Cash received from Kumar Rs.14,950, allowed him discount Rs.50.
18 Paid cash to David Rs.2,000
22 Drawn for personal use Rs.3,000
25 Opened a bank account by depositing Rs.11,000
26 Cash sales Rs.5,000
31 Rent paid Rs.2,000: Salary paid: Rs.3,500.
Answers
Answer:
cash a/c dr 80000
to capital a/c. 80000
(being business started with cash )
purchases a/c. dr. 24000
to cash a/c. 24000
(. )
furniture a/c dr. 20000
to cash a/c 20000
( )
cash a/c .dr. 18000
to sales a/c. 18000
( )
Kumar dr 15000
to sales a/c. 15000
( )
purchases a/c dr 6000
to David. 6000
( )
cash a/c dr. 14950
discount allowed. dr. 50
to Kumar 15000
( )
David dr 2000
to cash a/c. 2000
( )
drawings a/c dr. 3000
to cash a/c 3000
( )
bank a/c dr. 11000
to cash a/c 11000
( )
cash a/c dr. 5000
to sales a/c. 5000
( )
rent expenses a/c dr 2000
to cash a/c 2000
( )
salaries a/c dr 3,500
to cash a/c. 3,500
(.)
Explanation:
in brackets ( ) you have to write reasons in each transaction . I have write it in only one
Answer:cash a/c dr 80000
to capital a/c. 80000
(being business started with cash )
purchases a/c. dr. 24000
to cash a/c. 24000
(. )
furniture a/c dr. 20000
to cash a/c 20000
( )
cash a/c .dr. 18000
to sales a/c. 18000
( )
Kumar dr 15000
to sales a/c. 15000
( )
purchases a/c dr 6000
to David. 6000
( )
cash a/c dr. 14950
discount allowed. dr. 50
to Kumar 15000
( )
David dr 2000
to cash a/c. 2000
( )
drawings a/c dr. 3000
to cash a/c 3000
( )
bank a/c dr. 11000
to cash a/c 11000
( )
cash a/c dr. 5000
to sales a/c. 5000
( )
rent expenses a/c dr 2000
to cash a/c 2000
( )
salaries a/c dr 3,500
to cash a/c. 3,500
(.)
Explanation:
in brackets ( ) you have to write reasons in each transaction . I have write it in only one
Explanation: