Question

9. Journalise the following transactions, post them into Ledger accounts and prepare a Trial Balance 2 2018 15,000 July 1 Started business with Cash 2.000 2 Purchased goods from Mithilesh 1.800 5 Sold goods to Suresh 3,000 10 Cash received from Jaidev 800 12 Gave cash to Mithilesh 1,200 15 Purchased goods from Ramesh for Cash 1,000 20 Sold goods to Rajiv in Cash 1,600 22 Paid Salary to Rakesh in Cash 600 25 Received Commission in Cash 30 Goods distributed as free samples 500>​

Answer 1

Answer:

Journal

In the Books of…

Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)

2017

Mar. 01 Cash A/c Dr. 80,000

To Capital A/c 80,000

(Business started with cash)

Mar. 02 Purchases A/c Dr. 36,000

To Cash A/c 36,000

(Goods purchased for cash)

Mar. 03 Machinery A/c Dr. 4,000

To Cash A/c 4,000

(Machinery purchased for cash)

Mar. 04 Purchases A/c Dr. 52,000

To Raghu’s A/c 22,000

To Dilip’s A/c 30,000

(Goods purchased on credit from Raghu and Dilip)

Mar. 06 Raghu’s A/c Dr. 4,000

To Purchases Return A/c 4,000

(Goods returned to Raghu)

Mar. 08 Raghu’s A/c Dr. 18,000

To Cash A/c 17,500

To Discount Received A/c 500

(Cash paid to Raghu in full settlement)

Mar. 10 Mahesh Chand & Co. Dr. 30,400

To Sales A/c 30,400

(Goods sold to Mahesh Chand & Co. at trade discount)

Mar. 13 Cash A/c Dr. 19,800

Discount Allowed A/c 200

To Mahesh Chand & Co. 20,000

(Cash received from Mahesh Chand & Co.)

Mar. 15 Dilip’s A/c Dr. 15,000

To Cash A/c 14,850

To Discount Received A/c 150

(Cash paid to Dilip)

Mar. 20 Cash A/c Dr. 25,000

To Sales A/c 25,000

(Goods sold for cash)

Mar. 24 Cash A/c Dr. 18,000

To Sales A/c 18,000

(Goods sold for cash)

Mar. 25 Rent A/c Dr. 1,500

To Cash A/c 1,500

(Rent paid)

Mar. 26 Cash A/c Dr. 2,000

To Commission A/c 2,000

(Commission received)

Mar. 28 Drawings A/c Dr. 6,200

To Cash A/c 6,200

(Cash withdrawn and fan purchased for personal use)

TOTAL 3,12,100 3,12,100

Answer 2

Answer:

Journalise the following transactions , post them into Ledger and prepare a Trial Balance: 2018 Apr.1 Mohan commenced business with cash 1,00,000 Apr.3 Bought goods 5,000 Apr.4 Sold goods to Gopal 4,000 Apr.10 Bought goods from Ram 8,000 Apr.11 Paid trade expenses 2,000 Apr.20 Received cash from Gopal 3,950 Discount Allowed 50 Apr.25 Paid wages 700 Apr.27 Paid to Ram in full settlement 7,700 Apr.30 Paid rent 1,500Read more on Sarthaks.com - https://www.sarthaks.com/476155/journalise-the-following-transactions-post-them-into-ledger-and-prepare-a-trial-balance