11th | Ledger | Question No. 3 | Ts Grewal Solution 2022-2023

Journalise the following transactions in the Journal of Rakesh, Delhi and post them to the Ledger:

2022		`
March 1	Started business with cash	2,00,000
March 2	Opened bank account with SBI	80,000
March 4	Goods purchased from Raj, Jaipur (Rajasthan)	22,000
March 5	Goods purchased for cash	30,000
March 8	Goods sold to Naman, Delhi	12,000
March 10	Cash paid to Raj	22,000
March 15	Cash received from Naman	11,700
	Discount allowed	300
March 16	Paid wages	200
March 18	Furniture purchased for office use	5,000
March 20	Withdrawn from bank for personal use	4,000
March 23	Goods taken for household purpose. These goods were purchased from Raj	2,000
March 24	Drawn cash from bank for office use	6,000
March 26	Commission received	1,000
March 27	Bank charges	300
March 28	Cheque issued for life insurance premium of Proprietor	3,000
March 29	Paid salary	10,000
March 30	Cash sales	20,000

Books of M/s Gupta Brothers
Journal
Date	Particulars		L.F.	Debit (`)	Credit (`)
2022
Mar.01	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	( Being Started business with Cash)

Mar.02	Bank A/c	Dr.		80,000
	To Cash A/c				80,000
	(Being Opened Bank account with SBI)

Mar.04	Purchases A/c To Raj A/c	Dr.		24,000	24,000
	(Being Purchased goods on credit)

Mar.05	Purchases A/c To Cash A/c (Being Purchased goods in cash)	Dr.		30,000	30,000

Mar.08	Naman A/c	Dr.		12,000
	To Sales A/c (Being Sold good to on credit)				12,000

Mar.10	Raj	Dr.		22,000
	To Cash A/c				22,000
	(Being Cash Paid to Raj)

Mar.15	Cash A/c	Dr.		11,700
	Discount Allowed A/c	Dr.		300
	To Naman				12,000
	(Being Cash received from Naman and discount allowed)

Mar.16	Wages A/c	Dr.		200
	To Cash				200
	(Being Paid Wages)

Mar.18	Furniture A/c To Cash (Being Purchased furniture in cash)	Dr.		5,000	5,000

Mar.20	Drawings A/c	Dr.		4,000
	To Bank A/c				4,000
	(Being Withdrawn from bank for personal use)

Mar.23	Drawings A/c	Dr.		2,000
	To Purchases A/c (Being Goods taken for personal use)				2,000

Mar.24	Cash A/c	Dr.		6,000
	To Bank				6,000
	(Being Cash withdrawn from bank)

Mar.26	Cash A/c To Commission A/c	Dr.		1,000	1,000
	(Being Cash received for commission)

Mar.27	Bank Charges A/c To Bank A/c (Being Bank Charges debited)	Dr.		300	300

Mar.28	Drawings A/c	Dr.		3,000
	To Bank				3,000
	(Being Amount withdrawn to pay Insurance Premium of proprietor)

Mar.29	Salary A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Paid Salary)

Mar.30	Cash A/c	Dr.		20,000
	To Sales A/c (Being Sold goods for Cash)				20,000

Ledger
Cash Account
Dr.								Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2022				2022
Mar.01	Capital		2,00,000	Mar.02	Bank		80,000
Mar.15 Mar.24 Mar.26 Mar.30	Naman Bank Commission Sales		11,700 6,000 1,000 20,000	Mar.05 Mar.10 Mar.16 Mar.18 Mar.29 Mar.31	Purchases Raj Wages Furniture Salary Balance c/d		30,000 22,000 200 5,000 10,000 91,500

			2,38,700				2,38,700