Journalize the following transactions and post them into Ledger and balance
the accounts :
2012 Particulars Apr. 1 Commenced business with cash 1,00,000
Apr. 3 Paid into Bank 30,000
Apr. 5 Purchased furniture for Cash 5,000
Apr. 8 Purchased goods and paid by cheque 15,000
Apr. 14 Purchased goods from Hari 35,000
Apr. 18 Cash sales 32,000
Answers
JOURNAL ENTRY
Date Particular L.F Debit Credit
2012
Apr 1 Cash A/c ........Dr 100000
To Capital A/c 100000
(Being started business)
Apr 3 Bank A/c ........Dr 30000
To Cash A/c 30000
(Being paid to bank )
Apr 5 Furniture A/c ........Dr 5000
To Cash A/c 5000
(Being purchased furniture)
Apr 8 Purchase A/c .........Dr 15000
To Bank A/c 15000
(Being purchased goods)
Apr 14 Purchase A/c..........Dr 35000
To Hari A/c 35000
(Being purchased goods on credit)
Apr 18 Cash A/c ..........Dr 32000
To Sales A/c 32000
(Being cash sales )
LEDGER
Dr Cash A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 1 To Capital 100000 Apr 3 By Bank 30000
Apr 18 To Sales 32000 Apr 5 By Furniture 5000
Apr 30 By Balance c/d 7000
42000 42000
May 1 To Balance b/d 7000
Dr Bank A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 3 To Cash 30000 Apr 8 By Purchase 15000
Apr 30 By Balance c/d 15000
30000 30000
May 1 To Balance b/d 15000
Dr Capital A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2019
Apr 30 To Balance c/d 100000 Apr 1 By Cash 100000
100000 100000
May 1 By Balance b/d 100000
Dr Furniture A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 5 To Cash 5000 Apr 30 By Balance c/d 5000
5000 5000
May 1 To Balance b/d 5000
Dr Purchase A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 8 To Bank 15000 Apr 30 By Balance c/d 50000
Apr 14 To Hari 35000
50000 50000
May 1 To Balance b/d 50000
Dr Hari A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 30 To Balance c/d 35000 Apr 14 By Purchase 35000
35000 35000
May 1 By Balance b/d 35000
Dr Sales A/c Cr
Date Particular JF Amt Date Particular JF Amt
2012 2012
Apr 30 To Balance c/d 32000 Apr 18 By Cash 32000
32000 32000
May 1 By Balance b/d 32000