Enter the following transactions in the journal of Mohan and post them into the ledger:
2010 (15 marks)
Jan 1 Started business with cash 80,000 and goods 40,000
Jan.3 Paid into bank for opening a bank current account. 50,000
Jan 6 Bought goods from Ram and paid by cheque 10,000
Jan 9 Sold goods to Amar and received cheque 12,000
Jan 11 Cheque received from Amar deposited in the bank.
Jan 15 Withdrew cash by cheque for personal use 3,000
Jan 17 Took a bank loan 40,000
Jan 19 Paid Salary Rs. 2,000 rent Rs. 1,000 by cheque
Jan 21 Interest allowed by bank. 300
Jan.25 Ram who owed us Rs. 1,000 met with an accident and nothing could be
recovered.
Answers
Answer:
In the Books of Manohar Lal
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2018
Mar. 01 Cash A/c Dr. 60,000
To Capital A/c
60,000
( Started business with cash)
Mar. 02 Furniture A/c Dr. 10,000
To Cash A/c
10,000
(Furniture purchased for cash)
Mar. 04 Purchases A/c Dr. 25,000
To Cash A/c
25,000
( Goods purchased for cash)
Mar. 05 Purchases A/c Dr. 15,000
To Kamlesh’s A/c
15,000
(Goods purchased from Kamlesh)
Mar. 10 Kamlesh’s A/c Dr. 15,000
To Cash A/c
15,000
(Cash paid to Kamlesh)
Mar. 16 Purchases A/c Dr. 6,000
To Sohan’s A/c
6,000
(Goods purchased from Sohan)
Mar. 18 Purchases A/c Dr. 8,000
To Cash A/c
8,000
(Goods purchased from Sohan for cash)
Mar. 20 Rent A/c Dr. 1,000
To Cash A/c
1,000
(Paid office rent)
TOTAL 1,40,000 1,40,000