Q9.Enter the following transactions of Modi, Cuttack in the Subsidiary Books:
2020
April,1- Modi started a business with.........Rs.6,00,000.
April 5- Furniture purchased from Modern Furniture.......Rs.50,000.
April,7- Purchased goods Rs.1,00,000.
April,8- Purchased goods from K.G.Khosla &Company for Rs.1,50,000 at trade discount of 20%.
April,9- Opened a bank account by depositing Rs.1,50,000.
April,10- Sold goods for........Rs.2,00,000.
April,10- Purchased stationary from R.S.Mart....Rs.5,000.
April,11- Sold goods to Sanjay......Rs.1,00,000.
April,14- Goods returned by Sanjay of sale value......Rs.20,000.
April,15- Payment to K.g.khosla &company by cheque........Rs.50,000.
April,20- Goods Purchased from Shiv Dyal& company......Rs.1,00,000.
April,25- Goods returned to Shiv Dayal & company......Rs.10,000.
April,28- Paid electricity bill....Rs.1,000.
April,29- Cash sales.....Rs.90,000.
April,30- Withdrew from bank for personal use......Rs.10,000.
Answers
Answer:
2020
Apr. 1. Cash A/c __________ Dr. 6,00,000
To Capital A/c. 6,00,000
( Being started business
with cash )
Apr. 5. Furniture A/c _______ Dr. 50,000
To Modern Furniture A/c. 50,000
( Being purchased furniture )
Apr. 7. Purchases A/c ______ Dr. 1,00,000
To Cash A/c. 1,00,000
( Being purchased goods )
Apr. 8. Purchases A/c ______ Dr. 1,20,000
To K.G. Khosla & Co. A/c. 1,20,000
( Being purchased goods at
20 % Trade discount )
Apr. 9. Bank A/c __________ Dr. 1,50,000
To Cash A/c. 1,50,000
( Being opened a bank
account )
Apr. 10. CashA/c __________ Dr. 2,00,000
To Sales A/c. 2,00,000
( Being sold goods )
Apr. 10. Stationary A/c ______ Dr. 5,000
To R.S. Mart A/c. 5,000
( Being purchased
stationary )
Apr. 11. Sanjay A/c _________ Dr. 1,00,000
To Sales A/c. 1,00,000
( Being sold goods to
Sanjay )
Apr. 14. Return Inward A/c ___ Dr. 20,000
To Sanjay A/c. 20,000
( Being returned goods
by Sanjay )
Apr. 15. K.G. Khosla & Co. A/c _ Dr. 50,000
To Bank A/c. 50,000
( Being paid by cheque )
Apr. 20. Purchases A/c ______ Dr. 1,00,000
To Shiv Dyal & Co. A/c. 1,00,000
( Being purchased goods )
Apr. 25 Shiv Dyal & Co. A/c ___ Dr. 10,000
To Return Outward A/c. 10,000
( Being returned goods to
Shiv Dyal & Co. )
Apr. 28. Electricity bill A/c ____ Dr. 1,000
To Cash A/c. 1,000
( Being paid electricity bill )
Apr. 29. Cash A/c ___________ Dr. 90,000
To Sales A/c. 90,000
( Being sold goods )
Apr. 30. Drawings A/c ________ Dr. 10,000
To Bank A/c. 10,000
( Being withdrawn cash for
personal use from bank )