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Question Journalise the following transactions, post them

# 01 into ledger and balance the accounts.Also
prepare a trial balance.
Rs.
Oct. 1 Manohar commenced business 1,00,000

2 Purchased goods from Ravi 10,000

4 Sold goods to Gopi 20,000

5 Cash purchases 20,000

6 Cash paid into bank 10,000

7 Paid for salaries 5,000

8 Sold for cash 20,000

9 Bought furniture paid by cheque 2,000

10 Goods returned to Ravi 2,000

12 Bought goods from Sobhan 10,000

14 Cash paid to Ravi 7,800

Discount received 200

16 Goods returned from Gopi 3,000

17 Deposited cash into bank 10,000

18 Sold goods to Bhuvan 12,000

19 Paid advertisement by cheque 1,000

20 Paid cash to Sobhan 5,000

22 Cash received from Gopi 6,900

Discount allowed to him 100

25 Received interest through cheque 2,000

28 Goods taken by Manohar for own use 1,000

31 Paid for rent 2,000

Solution »
 Mr. Manohar
General Journal Entries
for the period from Oct. 1st, 2005 to Oct. 31st, 2005
Debit Credit
Date Particulars L/F Amount Amount
(in Rs) (in Rs)
Oct.1st Cash a/c Dr – 1,00,000 1,00,000
      To Capital a/c –
[Being the amount of cash received from Mr.
Manohar, the proprietor as his capital contribution
vide receipt no:__ dated:__ ]

2nd Purchases a/c Dr – 10,000 10,000

      To Ravi a/c –
[Being the value stock of goods purchased from
Mr. Ravi on credit vide bill no:__ dated:__ ]

4th Gopi a/c Dr – 20,000 20,000

      To Sales a/c –
[Being the value of stock sold to MR. Gopi on
credit vide bill no:___ dated:__ ]

5th Purchases a/c Dr – 20,000 20,000

      To Cash a/c –
[Being the value of stock purchased for cash vide
bill no:___ dated:__ ]

6th Bank a/c Dr – 10,000 10,000

      To Cash a/c –
[Being the amount of cash deposited into bank
vide bill no:___ dated:__ ]
7th Salaries a/c Dr – 5,000 5,000
      To Cash a/c –
[Being the amount of cash paid for salaries vide
vocher no:___ dated:__ ]
8th Cash a/c Dr – 20,000 20,000
      To Sales a/c –
[Being the value of stock sold for cash vide bill
no:___ dated:__ ]

9th Furniture a/c Dr – 2,000 2,000

      To Bank a/c –
[Being the value of furniture purchased vide
cheque no:___ dated:__ ]
10th Ravi a/c Dr – 2,000 2,000
      To Purchase Returns a/c –
10th Dr 2,000 2,000

[Being the value of stock returned to MR. Ravi

vide Debit note no:___ dated:__ ]

12th Purchases a/c Dr – 10,000 10,000

      To Sobhan a/c –
[Being the value stock of goods purchased from
Mr. Sobhan vide bill no:___ dated:__ ]

14th Ravi a/c Dr – 8,000

      To Cash a/c – 7,800
      To Discount Received a/c – 200
[Being the amount of cash paid to Mr. Ravi after
receiving a discount of Rs. 200 vide Vocher
no:___ dated:__ ]
16th Sales Returns a/c Dr – 3,000 3,000
      To Gopi a/c –
[Being the value of stock returned by Mr. Gopi
vide credit note no:___ dated:__ ]

17th Bank a/c Dr – 10,000 10,000

      To Cash a/c –
[Being the amount of cash deposited into bank
vide vocher no:___ dated:__ ]
18th Bhuvan a/c Dr – 12,000 12,000
      To Sales a/c –

[Being the value of stock sold to MR. Bhuvan on

credit vide bill no:___ dated:__ ]

19th Advertisement a/c Dr – 1,000 1,000

      To Bank a/c –
[Being the amount paid for advertisement vide
cheque no:___ dated:__ ]
20th Shoban a/c Dr – 5,000 5,000
      To Cash a/c –
[Being the amount paid to shoban vide vocher
no:___ dated:__ ]
22nd Cash a/c Dr – 6,900 7,000
Discount Allowed a/c Dr – 100

      To Gopi a/c –
[Being the amount of cash received from Mr. Gopi
after allowing a discount of Rs. 100 vide receipt
no:___ dated:__ ]
25th Bank a/c Dr – 2,000 2,000
      To Interest a/c –
[Being the amount of cheque no:___ dated:__
received as interest]
28th Drawings a/c Dr – 1,000 1,000
      To Purchases a/c –
[Being the value of stock taken form the business
for domestic use vide bill no:___ dated:__]

31st Rent a/c Dr – 2,000 2,000

      To Cash a/c –
[Being the amount of cash paid for rent vide
vocher no:___ dated:__]
Hide/Show
 Mr. Manohar
General Ledgers
for the period from Oct. 1st, 2005 to Oct. 31st, 2005

Cash a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/1/2005 To Capital a/c – 1,00,000 10/5/2005 By Purchases a/c –
10/8/2005 To Sales a/c – 20,000 10/6/2005 By Bank a/c –
### To Gopi a/c – 6,900 10/7/2005 By Salaries a/c –
### By Ravi a/c –
### By Bank a/c –
### By Shoban a/c –
### By Rent a/c –
### By Balance c/d –
1,26,900
11/1/2005 To Balance b/d – 67,100

Capital a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Balance c/d – 1,00,000 10/1/2005 By Cash a/c –
1,00,000
11/1/2005 By Balance b/d –

Purchases a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/2/2005 To Ravi a/c – 10,000 ### By Drawings a/c –
10/5/2005 To Cash a/c – 20,000 ### By Balance c/d –
### To Shoban a/c – 10,000
40,000
11/1/2005 To Balance b/d – 39,000

Ravi a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Pur. Ret. a/c – 2,000 10/2/2005 By Purchases a/c –
### To Cash a/c – 7,800
### To Dis. Received a/c – 200
10,000

Gopi a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/4/2005 To Sales a/c – 20,000 ### By Sales Ret. a/c –
### By Cash a/c –
### By Dis. Allowed a/c –
### By Balance c/d –
11/1/2005 To Balance b/d – 10,000

Salaries a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/7/2005 To Cash a/c – 5,000 ### By Balance c/d –
5,000
11/1/2005 To Balance b/d – 5,000

Sales a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Balance c/d – 52,000 10/4/2005 By Gopi a/c –
10/8/2005 By Cash a/c –
### By Bhuwan a/c –
52,000
11/1/2005 By Balance b/d –

Furniture a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/5/2005 To Bank a/c – 2,000 ### By Balance c/d –
2,000
11/1/2005 To Balance b/d – 2,000

Bank a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
10/6/2005 To cash a/c – 10,000 10/9/2005 By Furniture a/c –
### To Cash a/c – 10,000 ### By Advt. a/c –
### To Interest a/c – 2,000 ### By Balance c/d –
22,000
11/1/2005 To Balance b/d – 19,000

Purchase Returns a/c

Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Balance c/d – 2,000 ### By Ravi a/c –
2,000
11/1/2005 By Balance b/d –

Shoban a/c
Amount
Date Particulars J/F Date Particulars J/F
 Date Particulars J/F Date Particulars J/F
(in Rs)
### To Cash a/c – 5,000 ### By Purchases a/c –
### To Balance c/d – 5,000
10,000
11/1/2005 By Balance b/d –

Discount Received a/c

Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Balance c/d – 200 ### By Ravi a/c –
200
11/1/2005 By Balance b/d –

Sales Returns a/c

Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Gopi a/c – 3,000 ### By Balance c/d –
3,000
11/1/2005 To Balance b/d – 3,000

Bhuwan a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Sales a/c – 12,000 ### By Balance c/d –
12,000
11/1/2005 To Balance b/d – 12,000

Advertisement a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Bank a/c – 1,000 ### By Balance c/d –
1,000
11/1/2005 To Balance b/d – 1,000

Discount Allowed a/c

Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Gopi a/c – 100 ### By Balance c/d –
100
11/1/2005 To Balance b/d – 100

Interest a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Balance c/d – 2,000 ### By Ravi a/c –
2,000
 11/1/2005 By Balance b/d –

Drawings a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To Purchases a/c – 1,000 ### By Balance c/d –
1,000
11/1/2005 To Balance b/d – 1,000

Rent a/c
Amount
Date Particulars J/F Date Particulars J/F
(in Rs)
### To cash a/c – 2,000 ### By Balance c/d –
2,000
11/1/2005 To Balance b/d – 2,000
Amount
(in Rs)
20,000
10,000
5,000
7,800
10,000
5,000
2,000
67,100
1,26,900

Amount
(in Rs)
1,00,000
1,00,000
1,00,000

Amount
(in Rs)
1,000
39,000

40,000

Amount
(in Rs)
10,000

10,000

Amount
(in Rs)
 1,000
6,900
100
10,000

Amount
(in Rs)
5,000
5,000

Amount
(in Rs)
20,000
20,000
12,000
52,000
52,000

Amount
(in Rs)
2,000
2,000

Amount
(in Rs)
2,000
1,000
19,000
22,000

Amount
(in Rs)
2,000
2,000
2,000

Amount
(in Rs)
10,000

10,000
5,000

Amount
(in Rs)
200
200
200

Amount
(in Rs)
3,000
3,000

Amount
(in Rs)
12,000
12,000

Amount
(in Rs)
1,000
1,000

Amount
(in Rs)
100
100

Amount
(in Rs)
2,000
2,000
 2,000

Amount
(in Rs)
1,000
1,000

Amount
(in Rs)
2,000
2,000
 Mr. Manohar
Trial Balance
for the period from Oct. 1st, 2005 to Oct. 31st, 2005

Debit Credit
Particulars L/F Amount Amount
(in Rs) (in Rs)

Cash a/c — 67,100 —

Capital a/c — — —

Purchases a/c — 39,000 —

Ravi a/c — — —

Gopi a/c — 10,000 —

Salaries a/c — 5,000 —

Sales a/c — — 52,000

Furniture a/c — 2,000 —

Bank a/c — 19,000 —

Purchase Returns a/c — — 2,000

Shoban a/c — — 5,000

Discount Received a/c — — 200

Sales Returns a/c — 3,000 —

Bhuvan a/c — 12,000 —

Advertisement a/c — 1,000 —

Discount Allowed a/c — 100 —

Interest a/c — — 2,000

Drawings a/c — 1,000 —

Rent a/c — 2,000 —

Total 1,61,200 1,61,200