Question 1:
On 1st April, 2022, Gopal started business with a capital of ` 50,000. He made the
following transactions during the month of April:
|
2022 |
|
` |
|
April 3 |
Purchased
goods from Rita |
20,000 |
|
April 4 |
Cash
paid to Rita |
10,000 |
|
April 6 |
Goods
sold to Rohit, Chandigarh |
25,000 |
|
April 8 |
Received
cash from Rohit |
20,000 |
|
April 12 |
Goods
purchased from Rita |
12,000 |
|
April 18 |
Cash
paid to Rita |
20,000 |
|
April 25 |
Goods
sold to Rohit, Chandigarh |
10,000 |
|
April 30 |
Received
cash from Rohit |
6,000 |
You are required to journalise the above transactions
and show the respective Ledger accounts.
Answer:
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit (`) |
Credit (`) |
|
|
2022 |
|
|
|
|
|
|
Apr.01 |
Cash A/c |
Dr. |
|
50,000 |
|
|
|
To Capital A/c |
|
|
|
50,000 |
|
|
(Business started
with cash) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.03 |
Purchases A/c |
Dr. |
|
20,000 |
|
|
|
To Rita |
|
|
|
20,000 |
|
|
(Goods purchased
from Rita on credit) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.04 |
Rita |
Dr. |
|
10,000 |
|
|
|
To Cash A/c |
|
|
|
10,000 |
|
|
(Cash paid to
Rita) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.06 |
Rohit |
Dr. |
|
25,000 |
|
|
|
To Sales A/c |
|
|
|
25,000 |
|
|
(Goods sold to Rohit on credit) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.08 |
Cash A/c |
Dr. |
|
20,000 |
|
|
|
To Rohit |
|
|
|
20,000 |
|
|
(Cash received
from Rohit) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.12 |
Purchases A/c |
Dr. |
|
12,000 |
|
|
|
To Rita |
|
|
|
12,000 |
|
|
(Goods purchased
from Rita on credit) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.18 |
Rita |
Dr. |
|
20,000 |
|
|
|
To Cash A/c |
|
|
|
20,000 |
|
|
(Cash paid to
Rita) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.25 |
Rohit |
Dr. |
|
10,000 |
|
|
|
To Sales A/c |
|
|
|
10,000 |
|
|
(Goods Sold to Rohit) |
|
|
|
|
|
|
|
|
|
|
|
|
Apr.30 |
Cash A/c |
Dr. |
|
6,000 |
|
|
|
To Rohit |
|
|
|
6,000 |
|
|
(Cash received
from Rohit) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.01 |
Capital A/c |
|
50,000 |
Apr.04 |
Rita |
|
10,000 |
||
|
Apr.08 |
Rohit |
|
20,000 |
Apr.18 |
Rita |
|
20,000 |
||
|
Apr.30 |
Rohit |
|
6,000 |
Apr.30 |
Balance c/d |
|
46,000 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
76,000 |
|
|
|
76,000 |
||
|
May.01 |
Balance b/d |
|
46,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Capital Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.30 |
Balance c/d |
|
50,000 |
Apr.01 |
Cash A/c |
|
50,000 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
50,000 |
|
|
|
50,000 |
||
|
|
|
|
|
May.01 |
Balance b/d |
|
50,000 |
||
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.03 |
Rita |
|
20,000 |
Apr.30 |
Balance c/d |
|
32,000 |
||
|
Apr.12 |
Rita |
|
12,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
32,000 |
|
|
|
32,000 |
||
|
May.01 |
Balance b/d |
|
32,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Rita |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(Rs) |
Date |
Particulars |
J.F. |
(Rs) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.04 |
Cash A/c |
|
10,000 |
Apr.03 |
Purchases A/c |
|
20,000 |
||
|
Apr.18 |
Cash A/c |
|
20,000 |
Apr.12 |
Purchases A/c |
|
12,000 |
||
|
Apr.30 |
Balance c/d |
|
2,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
32,000 |
|
|
|
32,000 |
||
|
|
|
|
|
May.01 |
Balance b/d |
|
2,000 |
||
|
|
|
|
|
|
|
|
|
|
|
|
Rohit |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(Rs) |
Date |
Particulars |
J.F. |
(Rs) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.06 |
Sales A/c |
|
25,000 |
Apr.08 |
Cash A/c |
|
20,000 |
||
|
Apr.25 |
Sales A/c |
|
10,000 |
Apr.30 |
Cash A/c |
|
6,000 |
||
|
|
|
|
|
Apr.30 |
Balance c/d |
|
9,000 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
35,000 |
|
|
|
35,000 |
||
|
May.01 |
Balance b/d |
|
9,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(Rs) |
Date |
Particulars |
J.F. |
(Rs) |
||
|
2022 |
|
|
|
2022 |
|
|
|
||
|
Apr.30 |
Balance c/d |
|
35,000 |
Apr.06 |
Rohit |
|
25,000 |
||
|
|
|
|
|
Apr.25 |
Rohit |
|
10,000 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
35,000 |
|
|
|
35,000 |
||
|
|
|
|
|
May.01 |
Balance b/d |
|
35,000 |
||
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Ts Grewal Solution 2022-2023
Class 11th
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