Question

Take any five transactions and journalise them. After that post it into ledger there after making trail balance check the mathematical accuracy

Answer 1

five transactions

Journal entries

1. commenced business with cash   Rs. 5,00,000
           cash A/c         dr         5,00,000
               To capital A/c                           5,00,000

2. purchased goods for cash Rs. 20,000

      purchases A/c         dr  20,000
            To cash A/c                       20,000

3.   purchased machinery on credit from Ram and co.  Rs. 50,000

          machinery A/c  dr          50,000
            To Ram & co.                            50,000

4.   purchased furniture for rs. 20,000

           furniture A/c   dr     20,000
                 to cash A/c                      20,000


5.     sold goods to hari for Rs. 10,000

             hari A/c            dr   10,000
                   To sales A/c                 10,000

ledger

                                               cash A/c         
-----------------------------------------------------------------------------------------------------
dr                                                                                                             cr

date          particulars             amount             date        particulars      amount
-----------------------------------------------------------------------------------------------------
To capital A/c    5,00,000                                             by purchases    20,000
                                                                                     by furniture       20.000
                                                                                     by bal c/d       4,60,000
                         -------------------                                                          --------------
                           5,00,000                                                                  5,00,000
                          ----------------                                                             -------------

                                               purchases A/c
----------------------------------------------------------------------------------------------------
date        particulars          amount          date         particulars          amount
                To cash              20,000                       by bal c/d             20,000
                                        -------------                                              --------------
                                         20,000                                                    20,000
                                        -------------                                               -------------
To bal b/d                          20,000

                                              machinery A/c
-----------------------------------------------------------------------------------------------------
date     particulars           amount             date       particulars         amount
---------------------------------------------------------------------------------------------------
           To Ram & Co       50,000                            by bal c/d          50,000
                                 ------------------                                             --------------
                                       50,000                                                     50,000
                                 ------------------                                               -----------
To bal b/d                         50,000

                                            capital A/c
-----------------------------------------------------------------------------------------------------
date          particulars       amount         date         particulars      amount
--------------------------------------------------------------------------------------------------
               to bal c/d          5,00,000                         by cash          5,00,000
                                       --------------                                             -------------
                                       5,00,000                                                5,00,000
                                       --------------                                             --------------
                                                                              to bal b/d         5,00,000

                                              ram & Co
-------------------------------------------------------------------------------------------------
date       particulars    amount                date   particulars         amount
--------------------------------------------------------------------------------------------------
             To bal c/d      50,000                           by machinery A/c  50,000
                                --------------                                                      --------
                                  50,000                                                          50,000
                                 ------------                                                       -----------
                                                                         by bal b/d              50,000

                                              sales A/c
-----------------------------------------------------------------------------------------------------
date         particulars    amount           date       particulars             amount
---------------------------------------------------------------------------------------------------
                to bal c/d       10,000                          by hari A/c            10,000
                                    ------------                                                    ------------
                                      10000                                                        10000
                                    -----------                                                      --------------
                                                                            by bal b/d            10,000

                                               hari  a/c
------------------------------------------------------------------------------------------------------
date   particulars     amount               date          particulars            amount
---------------------------------------------------------------------------------------------------
            to sales a/c  10,000                                by bal c/d              10000
                                ------------                                                          ------------
                                10000                                                               10000
                                ------------                                                           ---------
           to bal b/d       10,000

                                              furniture a/c
-----------------------------------------------------------------------------------------------------
date     particular        amount            date    particulars               amount
---------------------------------------------------------------------------------------------------
              to cash a/c     20,000                      by bal c/d                 20,000
                                    -------------                                                  -----------
                                     20,000                                                       20,000
                                    ------------                                                  ------------
            to bal b/d          20,000
----------------------------------------------------------------------------------------------------


                                                  Trial balance as at ----------
------------------------------------------------------------------------------------------------------
  Account title                                             dr balance                    cr balance

-----------------------------------------------------------------------------------------------------

capital A/c                                                                                         5,00,000
cash A/c                                                      4,60,000
purchases A/c                                                 20,000
machinery A/c                                                  50,000
ram & co                                                                                                50,000
furniture A/c                                                      20,000
hari A/c                                                             10,000
sales A/c                                                                                                 10,000
                                                                          --------------                      --------
                                                                        5,60,000                      5,60,000
                                                                        -------------                     -----------
------------------------------------------------------------------------------------------------------