Question
17:
On 1st January, 2024, Ram of Kolkata commenced business with a capital
of `50,000
and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a
Trial Balance as on 31st January, 2024. The Cash Book must be balanced.
|
2024 |
|
` |
|
Jan. 1 |
Opened
a Bank Account and Deposited |
12,500 |
|
|
Purchased
Goods against Cash Payment* |
20,000 |
|
|
Purchased
furniture for Shop* |
5,000 |
|
|
Sold
goods to R. Raman, Kolkata* |
5,000 |
|
Jan. 2 |
Bought
goods from Man Mohan, Delhi** |
10,000 |
|
Jan. 3 |
Bought
stationery and paid by cash |
1,000 |
|
Jan. 5 |
Received
cash from R. Raman |
4,700 |
|
|
Discount
allowed to him |
300 |
|
Jan. 6 |
Sold
goods to Bimal, Kolkata* |
7,500 |
|
Jan. 8 |
Bimal
returned part of the goods supplied on the 6th instant |
1,500 |
|
Jan. 10 |
Paid
cash into bank |
1,000 |
|
Jan. 12 |
Paid
wages |
1,500 |
|
Jan. 13 |
Bought
on credit from the Union Furniture Co., Kolkata office desk* |
1,500 |
|
Jan. 19 |
Paid
wages |
1,500 |
|
Jan. 21 |
Paid
to Man Mohan by cheque |
9,500 |
|
|
Discount
received |
500 |
|
Jan. 21 |
Sold
goods to Ramesh, Guwahati |
6,000 |
|
Jan. 22 |
Received
cheque from Bimal |
6,000 |
|
Jan. 23 |
Bought
goods from Man Mohan, Delhi** |
7,000 |
|
Jan. 24 |
Drew
by cheque for personal use |
2,000 |
|
Jan. 27 |
Paid
wages |
1,500 |
|
Jan. 31 |
Rent
due to landlord* |
1,000 |
Answer:
|
Cash Book |
|
||||||||
|
Date |
Particulars |
L.F. |
Cash (`) |
Bank (`) |
Date |
Particulars |
L.F. |
Cash (`) |
Bank (`) |
|
2024 |
|
|
|
|
2024 |
|
|
|
|
|
Jan. 1 |
To
Capital A/c |
|
50,000 |
Jan. 1 |
By
Bank A/c |
c |
12,500 |
||
|
Jan. 1 |
To
Cash A/c |
c |
12,500 |
Jan. 1 |
By
Purchases A/c |
|
20,000 |
||
|
Jan. 5 |
To
R. Raman |
4,700 |
Jan. 1 |
By
Furniture A/c |
|
5,000 |
|||
|
Jan. 10 |
To
Cash A/c |
c |
1,000 |
Jan. 3 |
By
Stationary A/c |
|
1,000 |
||
|
Jan.
22 |
To
Bimal |
|
6,000 |
Jan. 10 |
By
Bank A/c |
c |
1,000 |
||
|
Jan. 12 |
By
Wages A/c |
1,500 |
|||||||
|
Jan. 19 |
By
Wages A/c |
1,500 |
|||||||
|
Jan. 21 |
By
Man Mohan |
9,500 |
|||||||
|
|
|
|
|
|
Jan. 24 |
By
Drawing A/c |
2,000 |
||
|
|
|
|
|
|
Jan. 27 |
By
Wages A/c |
1,500 |
||
|
Jan. 31 |
By Balance c/d |
|
10,700 |
8,000 |
|||||
|
|
|
|
|
|
|||||
|
|
|
|
54,700 |
19,500 |
|
|
54,700 |
19,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Book |
|||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (`) |
Amount (`) |
|
2024 |
|
|
|
|
|
|
Jan. 02 |
Man
Mohan, Delhi |
|
|
10,000 |
|
|
Jan. 23 |
Man
Mohan, Delhi |
|
|
7,000 |
|
|
Jan. 31 |
Purchases A/c Dr. |
17,000 |
|||
|
|
|
|
|
|
|
|
Sales Book |
|||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (`) |
Amount (`) |
|
2024 |
|
|
|
|
|
|
Jan. 01 |
R
Raman |
5,000 |
|||
|
Jan. 6 |
Bimal,
Kolkata |
7,500 |
|||
|
Jan. 21 |
Ramesh,
Guwahati |
6,000 |
|||
|
Jan. 31 |
Sales A/c Dr. |
18,500 |
|||
|
|
|
|
|
|
|
|
Sales Return Book |
|||||
|
Date |
Particulars |
Credit Note |
L.F. |
Details (`) |
Amount (`) |
|
2024 |
|
|
|
|
|
|
Jan. 8 |
Bimal,
Kolkata |
1,500 |
|||
|
Jan. 31 |
Sales Return A/c Dr. |
1,500 |
|||
|
|
|
|
|
|
|
Ledger
|
Purchases Account |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan. 01 |
To
BankA/c |
|
20,000 |
Jan. 31 |
By
Balance c/d |
|
37,000 |
|
Jan. 31 |
To
Sundries from Purchases Book |
|
17,000 |
||||
|
|
|
|
37,000 |
|
|
|
37,000 |
|
|
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 31 |
To
Balance c/d |
|
18,500 |
Jan. 31 |
By
Sundries from Sales Book |
|
18,500 |
||
|
|
|
|
|
||||||
|
|
|
|
74,800 |
|
|
|
74,800 |
||
|
|
|
|
|
|
|
|
|
||
|
Sales Return Account |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan. 31 |
To
Sundries from Purchases Book |
|
1,500 |
Jan. 31 |
By
Balance c/d |
|
1,500 |
|
|
|
|
37,000 |
|
|
|
37,000 |
|
|
|
|
|
|
|
|
|
|
Capital Account |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan. 31 |
To
Balance b/d |
|
50,000 |
Jan. 01 |
By
Cash A/c |
|
50,000 |
|
|
|
|
|
||||
|
|
|
|
50,000 |
|
|
|
1,00,000 |
|
|
|
|
|
|
|
|
|
|
Drawings Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 24 |
To
Bank A/c |
|
2,000 |
Jan. 31 |
By
Balance c/d |
|
2,000 |
||
|
|
|
|
2,000 |
|
|
|
2,000 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
Furniture Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 24 |
To
Cash A/c |
|
5,000 |
Jan. 31 |
By
Balance c/d |
|
6,500 |
||
|
13 |
To
Union Furniture Co. |
1,500 |
|||||||
|
|
|
|
6,500 |
|
|
|
6,500 |
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
R. Raman, Kolkota |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 1 |
To
Sales A/c |
|
5,000 |
Jan. 5 |
By
Cash A/c |
|
4700 |
||
|
Jan. 5 |
By
Discount Allowed A/c |
|
300 |
||||||
|
|
|
|
5,000 |
|
|
|
5,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Man Mohan, Delhi |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan.
21 |
To
Bank A/c |
|
9,500 |
Jan. 2 |
By
Purchases A/c |
|
10,000 |
|
Jan.
21 |
To
Discount Received A/c |
500 |
Jan. 23 |
By
Purchases A/c |
|
7,000 |
|
|
Jan.
31 |
To
Balance C/d |
7,000 |
|||||
|
|
|
|
17,000 |
|
|
|
17,000 |
|
|
|
|
|
|
|
|
|
|
Stationery A/c |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan.
3 |
To
Cash A/c |
|
1,000 |
Jan. 31 |
By
Balance A/c |
|
1,000 |
|
|
|
|
10,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount Received Account |
|||||||
|
Dr. |
|
|
|
|
|
|
Cr. |
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan. 31 |
To
Balance c/d |
|
500 |
Jan. 04 |
By
Man Mohan, Delhi |
|
500 |
|
|
|
|
500 |
500 |
|||
|
|
|
|
|
|
|
|
|
|
Discount Allowed Account |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 21 |
To
R. Raman, Kolkota |
|
300 |
Jan. 31 |
By
Balance c/d |
|
300 |
||
|
|
|
|
300 |
|
|
|
300 |
||
|
|
|
|
|
|
|
|
|
||
|
Bimal, Kolkota |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 6 |
To
Sales A/c |
|
7500 |
Jan 8 |
By
Sales Return A/c |
1,500 |
|||
|
Jan. 22 |
By
Cash A/c |
|
6000 |
||||||
|
|
|
|
5,000 |
|
|
|
5,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Wages A/c |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
|
2024 |
|
|
|
2024 |
|
|
|
|
Jan.
12 |
To
Cash A/c |
|
1,500 |
Jan. 31 |
By
Balance A/c |
|
4,500 |
|
Jan.
19 |
To
Cash A/c |
|
1,500 |
||||
|
Jan.
27 |
To
Cash A/c |
|
1,500 |
||||
|
|
|
|
1,500 |
|
|
|
1,500 |
|
|
|
|
|
|
|
|
|
|
Union Furniture Co. |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 31 |
To
Balance A/c |
|
1500 |
Jan 13 |
By
Furniture A/c |
1,500 |
|||
|
|
|
|
5,000 |
|
|
|
5,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Ramesh, Guwahati |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 21 |
To
Sales A/c |
|
6,000 |
Jan. 31 |
By
Balance A/c |
|
6,000 |
||
|
|
|
|
6,000 |
|
|
|
6,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Rent A/c |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 31 |
To
Outstanding Rent A/c |
|
1,000 |
Jan. 31 |
By
Balance A/c |
|
1,000 |
||
|
|
|
|
1,000 |
|
|
|
1,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Outstanding Rent A/c |
|||||||||
|
Dr. |
|
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
(`) |
Date |
Particulars |
J.F. |
(`) |
||
|
2024 |
|
|
|
2024 |
|
|
|
||
|
Jan. 31 |
To
Balance A/c |
|
1,000 |
Jan 31 |
By
Rent A/c |
1,000 |
|||
|
|
|
|
1,000 |
|
|
|
1,000 |
||
|
|
|
|
|
|
|
|
|
||
|
Trial Balance as on 31st Jan.,
2024 |
||||
|
S. No. |
Particular |
J.F. |
Debit (`) |
Credit (`) |
|
1. |
Cash
in hand |
10,700 |
||
|
2. |
Cash
at bank |
8,000 |
||
|
3. |
Purchases
A/c |
37,000 |
||
|
4. |
Sales
A/c |
18,500 |
||
|
5. |
Sales
Return A/c |
1,500 |
||
|
6. |
Man
Mohan |
7,000 |
||
|
7. |
Ramesh
|
6,000 |
||
|
8. |
Union
Furniture Co. |
1,500 |
||
|
9. |
Furniture
A/c |
6,500 |
||
|
10. |
Wages
A/c |
4,500 |
||
|
11. |
Stationery
A/c |
1,000 |
||
|
12. |
Drawing
A/c |
2,000 |
||
|
13. |
Capital
A/c |
50,000 |
||
|
14. |
Rent A/c |
1,000 |
||
|
15. |
Rent Outstanding A/c |
1,000 |
||
|
16. |
Discount
Allowed A/c |
300 |
||
|
17. |
Discount
Received A/c |
500 |
||
|
|
||||
|
|
78,500 |
78,500 |
||
|
|
|
|
|
|