From the following transactions, pass necessary Journal entries in the books of Vivek and Sons, post
them into ledger, balance them and prepare a Trial Balance:
(Transactions in photo)
Answers
JOURNAL ENTRY
Date Particulars LF Debit Credit
2019
Apr 1 Cash A/c ........Dr 80000
To Capital A/c 80000
Apr 2 Furniture A/c ........Dr 15000
To Cash A/c 15000
Apr 3 Purchase A/c .........Dr 25000
Input CGST A/c .........Dr 1500
Input SGST A/c ..........Dr 1500
To Cash A/c 28000
Apr 5 Cash A/c ........Dr 33600
To Sales A/c 30000
To Output CGST A/c 1800
To Output SGST A/c 1800
Apr 6 Purchase A/c ........Dr 18000
Input IGST A/c .........Dr 2160
To Vikas A/c 20160
Apr 8 Ved A/c ........Dr 22400
To Sales A/c 20000
To Output CGST A/c 1200
To Output SGST A/c 1200
Apr 10 Vikas A/c .......Dr 20160
To Cash A/c 20160
Apr 15 Cash A/c .......Dr 22400
To Ved A/c 22400
Apr 18 Purchase A/c ........Dr 19000
Input CGST A/c.........Dr 1140
Input SGST A/c..........Dr 1140
To Vikas A/c 21280
Apr 20 Drawings A/c ........Dr 1500
To Cash A/c 1500
Apr 24 Purchase A/c ..........Dr 17000
Input IGST A/c.......Dr 2040
To Venkat A/c 19040
Apr 28 Venkat A/c ........Dr 19040
To Cash A/c 18500
To Discount Received A/c 540
Apr 31 Salary A/c ........Dr 2000
To Cash A/c 2000
LEDGER
Dr Cash A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 1 To Capital 80000 Apr 1 By Furniture 15000
Apr 5 To Sales 30000 Apr 3 By Purchase 25000
To Output CGST 1800 By Input CGST 1500
To Output SGST 1800 By Input SGST 1500
Apr 15 To Ved 22400 Apr 10 By Vikas 20160
Apr 20 By Drawings 1500
Apr 28 By Venkat 18500
Apr 31 By Salary 2000
Apr 31 By Balance c/d 50840
136000 136000
May 1 To Balance b/d 50840
Dr Capital A/c Cr
Date PArticulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Balance c/d 80000 Apr 1 By Cash 80000
80000 80000
May 1 By Balance b/d 80000
Dr Furniture A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 1 To Cash 15000 Apr 31 By Balance c/d 15000
15000 15000
May 1 To Balance b/d 15000
Dr Purchase A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 3 To Cash 25000 Apr 31 By Balance c/d 79000
Apr 6 To Vikas 18000
Apr 18 To Vikas 19000
Apr 24 To Venkat 17000
79000 79000
May 1 To Balance b/d 79000
Dr Input CGST A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 3 To Cash 1500 Apr 31 By Balance c/d 2640
Apr 18 To Vikas 1140
2640 2640
May 1 To Balance b/d 2640
Dr Input SGST A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 3 To Cash 1500 Apr 31 By Balance c/d 2640
Apr 18 To Vikas 1140
2640 2640
May 1 To Balance b/d 2640
Dr Input IGST A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 6 To Vikas 2160 Apr 31 By Balance c/d 4200
Apr 24 To Venkat 2040
4200 4200
May 1 To Balance b/d 4200
Dr Sales A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Balance c/d 50000 Apr 5 By Cash 30000
Apr 8 By Ved 20000
50000 50000
May 1 By Balance b/d 50000
Dr Output CGST A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Balance c/d 3000 Apr 5 By Cash 1800
Apr 8 By Ved 1200
3000 3000
May 1 By Balance b/d 3000
Dr Output SGST A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Balance c/d 3000 Apr 5 By Cash 1800
Apr 8 By Ved 1200
3000 3000
May 1 By Balance b/d 3000
Dr Vikas A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 10 To Cash 20160 Apr 6 By Purchase 18000
Apr 31 To Balance c/d 21289 By Input IGST 2160
Apr 18 By Purchase 19000
By Input CGST 1140
By Input SGST 1140
41449 41449
May 1 By Balance b/d 21289
Dr Ved A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 8 To Sales 20000 Apr 15 By Cash 22400
To Output CGST 1200
To Output SGST 1200
22400 22400
Dr Drawings A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 20 To Cash 1500 Apr 31 By Balance c/d 1500
1500 1500
May 1 To Balance b/d 1500
Dr Venkat A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 28 To Cash 18500 Apr 24 By Purchase 17000
To Dis Rec 540 By Input IGST 2040
19040 19040
Dr Discount Received A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Balance c/d 540 Apr 28 By Venkat 540
540 540
May 1 By Balance b/d 540
Dr Salary A/c Cr
Date Particulars JF Amt Date Particulars JF Amt
2019 2019
Apr 31 To Cash 2000 Apr 31 By Balance c/d 2000
2000 2000
May 1 To Balance b/d 2000
Dr TRIAL BALANCE Cr
Particulars Amt Particulars Amt
Cash 50840 Capital 80000
Furniture 15000 Sales 50000
Purchase 79000 Output CGST 3000
Input CGST 2640 Output SGST 3000
Input SGST 2640 Vikas 21289
Input IGST 4200 Discount Received 540
Drawings 1500
Salary 2000
157829 157829