Question

Problem - 2.10: Write the Journal entries for the following transactions, post them into the Ledger
and prepare Trial Balance.
2014
Dec 01
Dec 02
Dec 05
Dec 07
Dec 09
Dec 11
Dec 15
Dec 17
Dec 20
Dec 22
Dec 25
Dec 26
Dec 28
Dec 30
Dec 31
Opening Balances: Cash in hand – Rs.3,000; Cash at Bank - Rs.12,000; 35,000
Furniture - Rs.5,000; Debtors - Rs.10,000; Bills Receivables - Rs.8,000;
Machinery - Rs.22,000; Creditors – Rs.20,000; Bills Payables - Rs.5,000.
Goods purchased from Ramesh Rs.60,000
Sold goods to Suresh Rs.40,000
Sold goods by Mahesh to us Rs.40,000
Goods purchased from Harish Rs.12,000
Sold goods to Avinash Rs.27,500
Goods returned to Ramesh Rs.5,000
Goods returned from Suresh Rs.10,000
Sold goods to Kamal Rs.33,000
Goods returned from Kamal Rs.3,000
Pre-paid insurance Rs. 150 proper dinsurance-DY
To caush nl
Outstanding Salaries Rs.1,000
Goods returned to Harish Rs.2,000
Goods purchases from Ramesh Rs.5,000
Bad debts written off on debtors Rs.500 sadolibetova​

Answer 1

i hope helps it's u

journal entry

particulars. debit. credit

journal entries for assets

cash a/c dr 3000

bank a/c dr. (12000+ 35000)

47000

furniture a/c dr 22000

machinery a/c dr. 5000

Debtors. a/c dr. 10000.

Bills receivable a/c. 8000.

prepaid insurance a/c. 150

to capital a/c. 95150

journal entries for liabilities

capital a/c dr. 26000.

to Creditors a/c. 20000

to Bills payable a/c. 5000

to o/s salaries a/c. 1000

journal entries for purchase,

purchase a/c. 77000

to all Creditors a/c 77000

( Ramesh, Harish).

journal entries for sales

all Debtors a/c. dr. 140500

to sales a/c. 140500

(suresh,mahesh,avinash,kamal)

journal entries for purchase return

all Creditors a/c. dr. 19000

to purchase return a/c. 19000

( Ramesh, Harish)

journal entries for sales return

sales return a/c. 13000

to all Debtors a/c. 13000

( suresh,mahesh,avinash,kamal)

total 370650 370650

trial balance u can try it ok