10.2 From the following transactions Prepare necessary ledger accounts in the books of Mr.Joshi and
balance the same
2011 July 1 Started Business with Cash 8,000.
4 Purchased goods on credit from Mr. Deshmukh *3,000 at 10%T.D.
6 Cash Sales 4,000 at 5%C.D.
10 Paid Rent 900.
15 Cash Purchases 800.
20 Credit sales to Mr. Kulkarni *2,000.
Paid cash to Mr. Deshmukh *2,700.
23 Received cash from Mr. Kulkarni 1,000.
31 Paid wages * 500.
From the following transactions Prepare necessary ledger accounts in the books of Mr. Joshi and balance the same.
|
2011 July
|
1
|
Started Business with Cash Rs 8,000.
|
|
|
4
|
Purchased goods on credit from Mr. Desmukh Rs 3,000 at 10% T.D.
|
|
|
6
|
Cash Sales Rs 4,000 at 5% C.D.
|
|
|
10
|
Paid Rent Rs 900.
|
|
|
15
|
Cash Purchases Rs 800.
|
|
|
20
|
Credit sales to Mr. Kulkarni Rs 2,700.
|
|
|
22
|
Paid cash to Mr. Deshmukh Rs 2,700.
|
|
|
23
31
|
Received cash from Mr. Kulkarni Rs 1,000.
Paid wages Rs 500.
|
From the following transactions prepare necessary ledger accounts and balance them.
|
2011 Jan.
|
1
|
Sachin started Business with Cash Rs 10,000 and Machinery Rs 15,000
|
|
|
1
|
Purchased goods for cash Rs 3,000.
|
|
|
3
|
Sold goods for cash Rs 4,000.
|
|
|
5
|
Purchased furniture on credit from Poona Traders Rs 7,000.
|
|
|
8
|
Purchased goods on credit from Mr. Dilip Rs 2,000 at 10% T.D.
|
|
|
10
|
Sold goods on credit to Mr. Mahendra Rs 8,000 at 12.5% T.D.
|
|
|
15
|
Paid Rent Rs 600.
|
|
|
28
|
Withdraw cash for personal use Rs 1,000.
|
|
|
20
|
Paid cash to Mr. Dilip Rs 1,800.
|
|
|
25
|
Received cash from Mr. Mahendra Rs 6,800.
|
|
|
31
|
Paid to Miss Sunita Rs 400 for salaries
|
2014
April 1. Mr Mehtastarted business with cash Rs. 8000 and machinery Rs. 15000
2. Purchased goods for cash Rs. 4000
3. Sold goods for cash Rs. 4000
3. Purchased furniture on credit from Ram Trader Rs. 5000
4. Paid rent Rs. 900
9. Withdrew cash for personal use Rs. 1000
10. Purchased goods on credit from Mr Joshi Rs. 3000 at 10% T.D
14. Cash sale of Rs. 10000 at 5% C.D.
18. Paid cash to Mr JoshiRs. 2700
19. Paid wages Rs. 1000
30. Open bank A/C in bank of maharashtraby depositing Rs. 7000
Journalise the following transaction in the Book of M/s. Beauti tradeRs Also post them in the ledger.
| Dec. 2010 |
| Rs |
| 1 | Started business with cash | 2,00,000 |
| 2 | Bought office furniture | 30,000 |
| 3 | Paid into bank to open an current account | 1,00,000 |
| 5 | Purchased a computer and paid by cheque | 2,50,000 |
| 6 | Bought goods on credit from Ritika | 60,000 |
| 8 | Cash sales | 30,000 |
| 9 | Sold goods to Karishna on credit | 25,000 |
| 12 | Cash paid to Mansi on account | 30,000 |
| 14 | Goods returned to Ritika | 2,000 |
| 15 | Stationery purchased for cash | 3,000 |
| 16 | Paid wages | 1,000 |
| 18 | Goods returned by Karishna | 2,000 |
| 20 | Cheque given to Ritika | 28,000 |
| 22 | Cash received from Karishna on account | 15,000 |
| 24 | Insurance premium paid by cheque | 4,000 |
| 26 | Cheque received from Karishna | 8,000 |
| 28 | Rent paid by cheque | 3,000 |
| 29 | Purchased goods on credit from Meena Traders | 20,000 |
| 30 | Cash sales | 14,000 |
Mohit has the following transactions, prepare accounting equation:
|
|
|
Rs |
|
(a) |
Business started with cash |
1,75,000 |
|
(b) |
Purchased goods from Rohit |
50,000 |
|
(c) |
Sales goods on credit to Manish (Costing Rs 17,500) |
20,000 |
|
(d) |
Purchased furniture for office use |
10,000 |
|
(e) |
Cash paid to Rohit in full settlement |
48,500 |
|
(f) |
Cash received from Manish |
20,000 |
|
(g) |
Rent paid |
1,000 |
|
(h) |
Cash withdrew for personal use |
3,000 |