Question

Rs.
2017
June 30
Cash
6,000
Date
home
lustrtion 5
ournalise the following transactions of M/s Time Zone and post them to the ledger accounts:
Details
2017
Amount
Rs.
Dec. 01
Business started with cash
1,20,000
Dec. 02
Opened a bank account with ICICI
4,00,00
Dec. 04
Goods purchased for cash
12,000
Dec. 10
Paid cartage
500
Dec. 12 Goods sold on credit to M/s Lara India
25,000
Dec. 14
Cash received from M/s Lara India
10,000
Dec. 16 Goods returned from Lara India
3,000
Dec. 18
Paid trade expenses
700
Dec. 19 Goods purchased on credit from Taranum
32,000
Dec. 20 Cheque received from M/s Lara India for final settlement
11,500
and deposited sameday into bank
Dec. 22 Goods returned to Taranum
1,500
Dec. 24
Paid for stationery
1,200
Dec. 26 Cheque given to Taranum on account
20,000
Dec. 28
Paid rent by cheque
4,000
Dec. 29 Drew cash for personal use
10,000
Dec. 30 Cash sales.
12,000
Dec. 31 Goods sold to M/s Rupak Traders
11,000
Solution​

Answer 1

Answer:

cash a/c dr 120000

to capital a/c 120000

icici bank ac dr

to cash ac

purchase ac dr

to cash ac

cartage ac

to cash ac

ms Lara ac

to sales ac

trade expenses ac

to cash ac

purchase ac

to taranum ac

stationary ac

to cash ac

taranum ac

to bank ac

rent ac

to bank ac

drawings ac

to cash ac

cash ac

to sales ac

ms rupak traders ac

to sales ac