Q 1. Pass Journal Entries of the following Transactions
also Prepare Ledger and Trial Balance.
1. Shri Hari starts Furniture business with cash Rs. 10,000,
Stock Rs. 12,000 and Building Rs. 6,000
2. Goods purchased from Shri Shyam Rs. 6,000
3. Cash paid to Shri Shyam Rs. 5,000 in full settlement
4. Goods sold to Shri Hari Rs. 10,000
5. Cash received from Shri Hari Rs. 8,600 in full
settlement
6. Goods purchased from Shri Om Rs. 9,000
7. Cash paid to Shri Om and he allowed us 10% discount
8. Goods sold to Shri Krishna Rs. 14,000
9. Cash received from Shri Krishna and we allowed him
10% discount
10. Received a V.P.P. from Shri Man Mohan Rs. 400. Sent
a peon to Collect it, who Paid Rs. 30 as Cartage.
(V.P.R. = Value Payable Post: - Under this system seller
sends the goods through Post Office.
Buyer Pays the payment of goods to the post office &
gets the delivery of goods from Post Office.)
11. Goods Destroyed by fire Rs. 200 (S.P = 300) Insurance
company admitted the claim Rs. 140.
Answers
Answer:
I guess you should find from Google
Explanation:
Journal
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