Pass Journal
entries, Post into the ledger & prepare Trial Balance of the following
transactions:-
|
2019
Apr.
1 Mr. Sharma Started Business with
Cash ₹ 5,00,000/-
Apr.
5 He purchases goods for cash ₹
2,00,000/-
Apr.
8 He sold goods to Mr. Nayak ₹
3,00,000/-
Apr.
10 Mr. Nayak cash paid to Mr.
Sharma ₹ 2,95,850/- (infullsettlement.)
Apr.
15 Paid Salary to staff ₹ 10,000/-
Apr.
25 Paid electricity bill ₹ 5,000/-
Apr.
28 Cash deposited into bank ₹ 2,00,000/-
Apr.
30 Purchases Furniture & paid by cheque ₹
50,000/-
Journal Entries
(In the book of Mr. Sharma)
Date
2019
Apr
|
Particulars
|
L
F
|
Amount (₹)
Dr.
|
Amount (₹)
Cr.
|
01
|
Cash a/c…………..… Dr.
To
Capital a/c
(Being started business with cash.)
|
5,00,000
|
5,00,000
|
|
05
|
Purchases a/c ……..Dr.
To Cash
a/c
(Being goods purchased for cash.)
|
2,00,000
|
2,00,000
|
|
08
|
Mr. Nayak a/c ……….Dr.
To Sale
a/c
(Being goods Sales for cash.)
|
3,00,000
|
3,00,000
|
|
10
|
Cash a/c …………....Dr.
Discount a/c ………..Dr.
To
Mr. Nayak a/c
(Being cash received form Mr. Nayak & Dis. allowed.)
|
2,95,850
4,150
|
3,00,000
|
|
15
|
Salary a/c…………….Dr.
To
Cash a/c
(Being Salary paid to staff.)
|
10,000
|
10,000
|
|
25
|
Electricity bills a/c….Dr.
To Cash
a/c
(Being electricity bill paid for cash.)
|
5,000
|
5,000
|
|
30
|
Bank a/c…………….Dr.
To Cash a/c
(Being cash deposited into bank)
|
2,00,000
|
2,00,000
|
|
30
|
Furniture a/c ………Dr.
To Cash a/c
(Being purchases furniture for cash.)
|
50,000
|
50,000
|
|
Ledger
Dr. Cash a/c Cr.
Dr. Cash a/c Cr.
|
Date
2019
Apr.
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
Apr.
|
Particulars
|
JF
|
Amount
(₹)
|
|
01
|
To capital a/c
|
5,00,000
|
05
|
By Purchases
a/c
|
2,00,000
|
||
|
10
|
To Mr. Nayak
a/c
|
2,95,850
|
15
|
By Salary a/c
|
10,000
|
||
|
25
|
By Electricity
Bill
|
5,000
|
|||||
|
30
|
By Bank a/c
|
2,00,000
|
|||||
|
|
|
|
|
30
|
By Furniture
a/c
|
|
50,000
|
|
30
|
By Balance c/d
|
3,30,850
|
|||||
|
Total
|
7,95,850
|
Total
|
7,95,850
|
||||
|
May. 1
|
To Balance b/d
|
3,30,850
|
Capital a/c
Date
2019
Apr
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
Apr
|
Particulars
|
JF
|
Amount
(₹)
|
30
|
To Balance c/d
|
5,00,000
|
01
|
By Cash a/c
|
5,00,000
|
||
Total
|
5,00,000
|
Total
|
5,00,000
|
||||
May 01
|
By Balance b/d
|
5,00,000
|
Purchases a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 5
|
To Cash a/c
|
2,00,000
|
Apr. 30
|
To Balance c/c
|
2,00,000
|
||
Total
|
2,00,000
|
Total
|
2,00,000
|
||||
May 1
|
To Balance b/d
|
2,00,000
|
Mr. Nayak a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 8
|
To Sales a/c
|
3,00,000
|
Apr. 10
|
By Cash a/c
|
2,95,850
|
||
By Discount
allowed a/c
|
4,150
|
||||||
Total
|
3,00,000
|
Total
|
3,00,000
|
Sales a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 30
|
To Balance c/d
|
3,00,000
|
Apr. 8
|
By Mr. Nayak
a/c
|
3,00,000
|
||
Total
|
3,00,000
|
Total
|
3,00,000
|
||||
May 1
|
By Balance b/d
|
3,00,000
|
Discount Allowed a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 10
|
To Mr. Nayak
a/c
|
4,150
|
Apr.30
|
To Balance c/d
|
4,150
|
||
Total
|
4,150
|
Total
|
4,150
|
||||
May 1
|
To Balace b/d
|
4,150
|
Salary a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 15
|
To Cash a/c
|
10,000
|
Apr.30
|
By Balance c/d
|
10,000
|
||
Total
|
10,000
|
Total
|
10,000
|
||||
May 1
|
To Balance b/d
|
10,000
|
Electricity Bill a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 25
|
To Cash a/c
|
5,000
|
Apr. 30
|
By Balance c/d
|
5,000
|
||
Total
|
5,000
|
Total
|
5,000
|
||||
May 1
|
To balance b/d
|
5,000
|
Bank a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 30
|
To cash a/c
|
2,00,000
|
Apr. 30
|
To Balance c/d
|
2,00,000
|
||
Total
|
2,00,000
|
Total
|
2,00,000
|
||||
May 1
|
To Balance b/d
|
2,00,000
|
Furniture a/c
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Date
2019
|
Particulars
|
JF
|
Amount
(₹)
|
Apr. 30
|
To Bank a/c
|
50,000
|
Apr. 30
|
To Balance c/d
|
50,000
|
||
Total
|
50,000
|
Total
|
50,000
|
||||
May 1
|
To Balance b/d
|
50,000
|
a/c
Date
2019
|
Particulars
|
J.F
|
Amount
(₹)
|
Date
2019
|
Particulars
|
J.F.
|
Amount
(₹)
|
Trial Balance
Dr. Cr.
S.N.
|
Head of accounts
|
Amount
(₹)
|
Amount
(₹)
|
01.
|
Cash a/c
|
3,30,850
|
|
02
|
Capital a/c
|
5,00,000
|
|
03
|
Purchases a/c
|
2,00,000
|
|
04
|
Mr. Nayak a/c
|
Nil
|
Nil
|
05
|
Sales a/c
|
3,00,000
|
|
06
|
Discount Allowed a/c
|
4,150
|
|
07
|
Salary a/c
|
10,000
|
|
08
|
Electricity Bill
|
5,000
|
|
09
|
Bank a/c
|
2,00,000
|
|
10
|
Furniture a/c
|
50,000
|
|
Total
|
8,00,000
|
8,00,000
|
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