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11th | Ledger | Question No. 1 | Ts Grewal Solution 2022-2023

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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