A. Journalise the following transactions in the books of Mr. MAYANK, for
the month January 2018.
1. Started business with cash Rs 2,00,000.
2. Purchased goods for Rs 40,000.
3. Sold goods for Rs 46,000.
4. Purchased machinery Rs 30,000 from TESCO Limited.
5. Placed an order for buying goods Rs 30,000 with Aniket.
6. Paid Rs 10,000 to TESCO Limited.
7. Insurance premium paid Rs 500
Answers
Answer:
Books of Beauti Traders
Journal
Date Particulars L.F. Debit
Amount Rs Credit
Amount Rs
Dec.01 Cash A/c Dr. 2,00,000
To Capital A/c 2,00,000
(Started business with cash)
Dec.02 Office Furniture A/c Dr. 30,000
To Cash A/c 30,000
(Office furniture purchased)
Dec.03 Bank A/c Dr. 1,00,000
To Cash A/c 1,00,000
(Opened a current account)
Dec.05 Computer A/c Dr. 2,50,000
To Bank A/c 2,50,000
(Computer purchased and payment
made through cheque)
Dec.06 Purchases A/c Dr. 60,000
To Ritika 60,000
(Goods purchased from Ritika on credit)
Dec.08 Cash A/c Dr. 30,000
To Sales A/c 30,000
(Goods sold for cash)
Dec.09 Krishna Dr. 25,000
To Sales A/c 25,000
(Goods sold to Krishna)
Dec.12 Mansi Dr. 30,000
To Cash A/c 30,000
(Cash paid to Mansi on account)
Dec.14 Ritika Dr. 2,000
To Purchases Return A/c 2,000
(Goods returned to Ritika)
Dec.15 Stationery A/c Dr. 3,000
To Cash A/c 3,000
(Stationery purchased for cash)
Dec.16 Wages A/c Dr. 1,000
To Cash A/c 1,000
(Wages paid)
Dec.18 Sales Return A/c Dr. 2,000
To Krishna 2,000
(Goods returned by Krishna)
Dec.20 Ritika Dr. 28,000
To Bank A/c 28,000
(Cheque issued to Ritika)
Dec.22 Cash A/c Dr. 15,000
To Krishna 15,000
(Cash received from Krishna on account)
Dec.24 Insurance A/c Dr. 4,000
To Bank A/c 4,000
(Insurance premium paid through cheque)
Dec.26 Bank A/c Dr. 8,000
To Krishna 8,000
(Cheque received from Krishna)
Dec.28 Rent A/c Dr. 3,000
To Bank A/c 3,000
(Rent paid through cheque)
Dec.29 Purchases A/c Dr 20,000
To Meena Traders 20,000
(Goods purchased on credit from Meena Traders)
Dec.30 Cash A/c Dr. 14,000
To Sales 14,000
(Goods sold for cash)
Total 8,25,000 8,25,000
Dr. Ledger
Cash Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.01 Capital 2,00,000 Dec.02 Office Furniture 30,000
Dec.08 Sales 30,000 Dec.03 Bank 1,00,000
Dec.22 Krishna 15,000 Dec.12 Mansi 30,000
Dec.30 Sales 14,000 Dec.15 Stationery 3,000
Dec.16 Wages 1,000
Dec.31 Balance c/d 95,000
2,59,000 2,59,000
Dr. Ledger
Cash Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.1 Cash 2,00,000
Dec.31 Balance c/d 2,00,000
2,00,000 2,00,000
Dr.
Office Furniture Account
Cr.
Date
Particulars
J.F.
Amount
Rs
Date
Particulars
J.F.
Amount
Rs
2017
2017
Dec.2
Cash
30,000
Dec.31
Balance c/d
30,000
30,000
30,000
Dr. Bank Account Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Dec.03 Cash 1,00,000 Dec.05 Computer 2,50,000
Dec.26 Krishna 8,000 Dec.20 Ritika 28,000
Dec.24 Insurance 4,000
Dec.28 Rent 3,000
Dec.31 Balance c/d
(overdraft) 1,77,000
2,85,000 2,85,000
Dr. Computer Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.05 Bank 2,50,000
Dec.31 Balance c/d 2,50,000
2,50,000 2,50,000
Dr. Purchases Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.06 Ritika 60,000
Dec.29 Meena Traders 20,000
Dec.31 Balance c/d 80,000
80,000 80,000
Dr. Ritika's Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.14 Purchases Return 2,000 Dec.06 Purchases 60,000
Dec.20 Bank 28,000
Dec.31 Balance c/d 30,000
60,000 60,000
Dr. Meena's Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.29 Purchases 20,000
Dec.31 Balance c/d 20,000
20,000 20,000
Dr. Sales Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.08 Cash 30,000
Dec.09 Krishna 25,000
Dec.31 Balance c/d 69,000 Dec.30 Cash 14,000
69,000 69,000
Dr. Krishna's Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.09 Sales 25,000 Dec.18 Sales Return 2,000
Dec.22 Cash 15,000
Dec.26 Bank 8,000
25,000 25,000
Dr. Mansi's Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.12 Cash 30,000
Dec.31 Balance c/d 30,000
30,000 30,000
Dr. Purchases Return Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.14 Ritika 2,000
Dec.31 Balance c/d 2,000
2,000 2,000
Dr. Stationery Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.15 Cash 3,000
Dec.31 Balance c/d 3,000
3,000 3,000
Dr. Wages Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.16 Cash 1,000
Dec.31 Balance c/d 1,000
1,000 1,000
Dr. Sales Return Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.18 Krishna 2,000
Dec.31 Balance c/d 2,000
2,000 2,000
Dr. Insurance Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.24 Bank 4,000
Dec.31 Balance c/d 4,000
4,000 4,000
Dr. Rent Account Cr.
Date Particulars J.F. Amount
Rs Date Particulars J.F. Amount
Rs
2017 2017
Dec.28 Bank 3,000
Dec.31 Balance c/d 3,000
3,000 3,000