ACCOUNTING BOOKS AND STATEMENTS ! SUMMARY / j Journal ledger, cash book, petty cash book, trial balance and bank reconciliation’ statemeng are the main books and statements described in this chapter. Journal is as book of origina) entry in which transactions are recorded in day-to-day order. It serves as analytical, recording and historical functions. Ledger contains a separate account for each item and it ig Cash book is a special journal in which all cash receipts and payments a book of final entry. pes — single column (cash transactions only), double are recorded datewise. It is of three ty columns (cash and discount columns) and three columns (cash, discount and bank columns), Petty cash book is maintained for recording small cash payments. Trial balance contains a list of all ledger balances on a Particular. date. It serves as the basis for preparing final acounts. Bank reconciliation statement is prepared to reconcile the differences in balances as shown by the cash book and the pass book) SHORT ANSWER TYPE QUESTIONS. 1 Define Journal. Ans. The term journal’ has been derived from the French word ‘Jour’ which means a day. Journal is that book of accounts in which transactions are originally recorded ina chronological (day-to-day) order. Journal is a book of original entry. 2.What do you understand by Ledger ? Ans Ledger is the book which contains a separate account for each debtor, creditor, asset, liability, income and expense of business. Ledger includes all the basic accounts needed for the preparation of financial statements. It is known as the book of final entry. 3.Define Trial Balance. Ans. "The statement prepared with the help of ledger balances at the end of financial year (or at any other date) to find out whether debit total agrees with the credit total is called Trial Balance." According to Pickles, "Trial balance is a summary of all ledger accounts. It is prepared on a particular date. 4, What is a Cash Book ? Ans Cash Book is a special journal in which all cash transactions are directly recorded htaway recorded in the Cash Book. All cash receipts and cash payments are strai 54 ICSE IxCommercial LONG ANSWER TYPE QUESTIONS. 4, What is ledger ? Distinguish between ledger and journal. ‘Ans. Ledger is the book which contains a separate account for each debtor, creditor, asset, liability, income and expense of business. Ledger includes all the basic accounts needed for the preparation of financial statements. Basis of | Ledger Journal Distinction T, Nature | isthe book of final entry. It is the book of original entry. 2. Recording transactions | Transactions in ledger are | Transactions in journal are |Posted after they are recorded as soon as they recorded in the journal. occur. 3. Order | Transactions in ledger are | In journal, transactions are classified and grouped in the recorded in chronological concerned accounts. order date wise. 4. Narration No narration is written. Narration (brief description) is written for each entry. 53. Folio | Folio of the journal or sub-| Ledger folio is written | journal is written against each entry. 2, What do you understand by ledger ? Explain the utility of ledger. Ans, Ledger is the most important book of account. It is the principal book which contains all the information regarding business. Ledger helps in making classified and summarised record of an account. Ledger helps in preparing the trial balance and the final accounts. The financial position of the firm can be ascertained easily at any time with the help of ledger. Ledger provides the necessary information about various accounts. 3. Explain the various types of Cash Book. Ans. Various types of Cash Book are as follows : () Simple or Single Column Cash Book : This is the simplest kind of Cash Book. In it cash receipts are recorded on the debit side and cash payments are recorded on the credit side. This form of Cash Book has the same ruling as that of a ledger account. The columns of this Cash Book are described below (a)Date :In this column the date of the cash receipt or payment is recorded. (b) Particulars : In this column, the name of the other account is written. On the debit side the world 'To' is written. On the credit side, the word ‘By’ is written. SE IX 55Commerciay ee TE rena ADDITIONAL NS SHORT ANSWER TYPE QUESTIO 1. Is Cash Book a Journal ora Ledger? ¢ ger rectly recorded, Ans. Cash Book is a special journal in which all cash transactions aU ae All esse receipts and cash payments are straightaway recorded in the Cas! . ‘ime. Snables us to know the balance of cash in hand or at bank at any point of ti 2. Whatisa Petty Cash Book ? i Ans. Petty Cash Book is the book in which small payments of cash are recorded which include several small payments such as carriage, cartage, coolie hire, telegrams, postage, Ste. The cashier who maintains the petty cash book is called "Petty Cashier. 3. Whatis Bank Reconciliation Statement? Ans. 4 Bank Reconciliation Statement may be defined as a statement or a schedule showing the items of difference between the cashbook balance and the passbook balance Prepared to reconcile the two balances. This statement is prepared by a businessman or Business firm to know the causes of difference between the balance as per cashbook and the balance as per passbook. 4. Give two reasons for preparing Bank Reconciliation Statement. Ans. The Bank Reconciliation Statement will reveal any errors that might have been commited either in the cashbook or in the passbook Reconciliation helps the saanagement to check the accuracy of entries made in the cashbook. It also keeps track of cheques, etc. which may have been sent to the bank for collection. It helps to reveal frauds committed by the staff handling cash and cheques. 5. Why is Trial Balance prepared ? Ans. 4 Trial Balance is prepared to ascertain arithmetical accuracy of ledger accounts, to help in preparation of final accounts, to present a summary of ledger, to help in locating errors, to help auditor to see whether any corrections were made after the accounte were checked. ICSE IX 56Commercial Studies PRACT! PROBLEMS 1, Journalise the following transactions in the book of Mr.chatterjee. 1998 - Rs. January 1 Started business with cash 50,000 january 2 Purchased goods for cash 30,000 January 4 Purchased furniture for cash 5,000 January 6 Paid rent to landlord 1,500 January 7 Sold goods for cash 25,000 January 8 Paid carriage 500 January 11 Paid advertisement 1,000 January 15 Sold goods to Ram on credit 15,000 January 18 Purchased stationery 400 January 22 Goods returned by Ram 1,500 January 25 Received cash from Ram in full settlement 500 January 31 Paid salaries to staff 3,000 Ans. In the Books of Mr.Chatterjee Journal Date | Particular LF Debit Credit 1998 | - January 1 | Cash A/c Dr 50,000 50,000 To Capital A/c (Being business stated with) | January 2 | Purchase A/c Dr. 30,000 | 30,000 To Cash A/c (Being goods purchased for cash ) January 4 | Furniture A/e Dr. 5,000 5,000 To Cash A/c (Being furniture purchased for cash) _ I January 6 | Rent A/c w Dr. 1,500 1,500 To Cash A/c L (Being rent paid) | a [January 77 Cash A/c... Dr. To Sales A/c 25,000 25,000 L___| (Being goods sold for cash) ICSE Ix’ ydCommercial Studies lianuarye— | January 8 age Ae Dr. 500 500 a ‘0 Cash A/c Hansapep7———_| (Being carriage paid January 11 dvertisement hie : ~Dr. Se pave | To Cash A/c | po Lins: advertisement paid) = 75,000 | 15,000 January 15 To Sales A/c | _{ Being goods sold to ram on credit [Fanuary 18) —) Staoegeeg oldie ram on ered) | __ > g | : To Cash A/c | Being stationery purchased January 22 Sales Roars Ajon «Dr. oe #500 To Ram A/c | (Being goods returned) j January 25 Cash A/e Dr eau a | Bad Debts Dr. 35,000 To Ram A/c (Being cash received from Ram) Salary A/c Dr. S000 —_| 3.000 January 31 To Cash A/c 1,46,400 | 1,46,400 (Being salary paid 2. Show the journal entries for the following transaction 2009 Rs. April 1 Mr.Vikram Thakur commenced business with cash Rs. 40,000 and goods 20,000 April 3 Bought furniture for the shop 5000 April 5 Bought stationary for cash 200 April 7 Purchased goods from Vijay Yadav 20,000 April 9 Purchased goods for cash 10,000 April 11 Sold goods to D. Sen on credit 40,000 April 13 Returned goods to Vijay Yadav 2,000 April 15 Paid to Vijay Yadav in full settiment 16,500 April17_ Returned goods by D. Sen 2,000 April 19 Paid wages 4,000 EXCommercial Studies April 21 Paid rent 2,000 April 23 Paid carriage 1,500 April 25 Received from D. Sen in full settlement 36,200 April 30 Received interest 700 Ans. Journal Date 2009 Particular LE Debit Credit Cash A/c F 40,000 60,000 April Goods A/c Dr. 20,000 To Capital A/c (Being business started with cash & goods) April’3 Furniture A/c... Dr. 5,000 5,000 To Cash A/c (Being furniture purchased ) April 5 Stationery A/c w= Dr. 200 200 To Cash A/c (Being stationery purchased) ‘April 7 Purchase A/c Dr. 20,000 20,000 ‘To Vijay Yadav A/c (Being goods purchased on credit) April Purchase A/e Dr 10,000 10,000 To Cash A/c (Being goods purchased for cash) April 11 D. Sen A/e Dr. 40,000 40,000 To Sales A/c (Being goods sold on credit) April 13 | Vijay Yadav A/c Dr. 2,000 2,000 To Purchase Return A/e (Being goods returned) April 15 Vijay Yadav A/c Dr. 18,000 ‘0 Cash A/c 16,500 To Discount A/c (Being cash 1,500 paid in full settlement) ICSETX 59Commercial Studie, ee M Ans. In the Books of Mr. Narayan Journal ____-= [credit Date | Particular’ ce }————__| 2006 | i——72,000 | 2,000 | To D. Sen A/c | (Being goods returned) 4,000 4,000 April 19 | Wages A/c Dr | i Cash A/c jeing wages paid] April 21 [Rent A/c a Dr 2,000 2,000 To Cash A/c (Being rent paid. | April 23 Carriage We : Dr 1,500 1,500 To Cash A/e Being carriage paid April 25 ree a ~.Dr 36,200 | To Cash a/c 1,800] — 38,000 (Being rent paid) ApHI3O_— | Cash A/c ® Dr 700 700 | To Interest A/c | (Being interest received) I 2,03,400 | 2,03,400 3. Show the journal entries for the following transaction in the books of Narayan Murty. 2006 Rs. August 1 Started business with cash 50,000 August 2 Purchased portable typewriter 7,000 August 3 Purchased goods on credit from Ahmed 38,000 August 4 Deposited cash into bank 30,000 6 Paid carriage on purchases 300 8 Purchased postage 50 11 Returned goods to Ahmed 600 14 Sold goods to Mandeep Singh 48,000 15 Paid carriage on sales 500 18 Returned defective goods to Mandeep Singh 700 19 Paid to Ahmed by cheque in full settlement 36,000 August 22. Received cash from Mandeep Singh in full settlement 46,000 August 24 Withdrew cash from bank 10/000 August 26 Drew cash for personal use Sod August 28 Paid electricity bill an August 30 Paid salary to staff nos TSECommercial Studies MENTAL SUT CS Ans. In the Books of Mr. Narayan Murty Journal Date Particular LF |Debit = [Credit = 2006 Cash A/c .. Dr. 50,000 50,000 August1 | To Capital A/c (Being business started with cash) Typewriter A/c «Def | 7,000 7,000 August 2 | To Cash A/c (Being typewriter purchased ) Purchased A/c Dr. 38,000 38,000 August3 | To Ahmed A/c (Being goods purchased on credit) Bank A/c Dr. 30,000 30,000 August4 | To Cash A/e (Being goods purchased on credit) Carriage A/e August 6 | To Cash A/c (Being carriage paid) Dr. 300 300 Postage A/e = Dr. 50 August 8 | To Cash A/c (Being postage purchased) 50 ‘Ahmed A/c SDr: 600 August 11 | To Purchase Return A/c (Being goods returned to Ahmed) 600 Mandeep Singh A/c Dr. 48,000 | 48,000 August 14 | To Sales A/c (Being goods sold on credit) Carriage A/c Dr. 500 500 August 15. | To Cash A/c (Being carriage paid on sales) Sales Return A/c Dr. 700 700 August 18 | To Mandeep Singh A/c (Being goods returned by customer) ICSE Ix 61Commercial Studies ee 7 A/c Dre 38,000 36,000 August 19 nme 3 2,000 To Discount A/c (Being cheque paid in full settlement) ‘August 22 | Cash A/c... Dr. 46,000 47,300 : 1,300 To Mandeep Singh A/c (Being cash received in full settlement) ‘August 24 | Cash A/c Dr. 10,000 10,000 To Bank A/c (Being cash withdrawn from bank) August 26 | Drawing A/c Dr. 1,500 1,500 To Bank A/c (Being cash withdrawn for personal use) ‘August 28 | Electricity Bill A/c... Dr. 800 800 To Cash A/c (Being electricity bill paid) ‘August 30 | Salary A/c... Dr. 4,500 4,500 To Cash A/c (Being salary paid) 2,77,250 | __2,77,250 4, Journalise the following transactions: Rs. (a) Started business with a capital 65,000 (b) Opened a bank account with 45,000 (©) Purchased goods from Satish 40,000 (d) Sold goods to Ritesh 50,000 (©) Paid cheque to Satish in full settlement 36,000 (Received cheque from Ritesh in full settlement 45,000 (g) Paid commission 1,000 (h) Paid rent 500 (i) Taken loan from Yogesh 20,000 () Paid interest on loan 2,000 (kK) Withdrew cash for household expenses 3,000 ())__ Interest on deposit allowed by bank 200 (m) Purchased a table for the owner 2,500 ——— 62 ICSE IXCommercial Studies ee Ans. Journal “Date Particular LF Debit Credit (a)_| Cash A/c... Dr. 65,000 65,000 To Capital A/c (Being business started with cash) (b) | Bank A/c... Dr. 45,000 45,000 To Cash A/c (Being bank account opened with cash) (q _| Purchase A/c... Dr. 40,000 40,000 To Satish A/c (Being goods purchased from satish) (4d) Ritesh A/c... Dr. 50,000 50,000 To Sales A/c (Being goods sold to Ritesh) | () _| Satish A/c... Dr. 40,000 36,000 To Bank A/c To Discount A/c 4,000 (Being full settlement done with Satish) () | Bank A/c... Dr. Discount A/c... Dr. 45,000 50,000 To Ritesh A/c 5,000 (Being cash received in full settlement) (@ | Commission A/c... Dr. 1,000 1,000 To Cash A/c (Being commission paid) (h) | Rent A/c... Dr. 500 500 To Cash A/c (Being rent paid) @ [Cash A/c... Dr. 20,000 20,000 To Loan from Yogesh A/c (Being loan taken from Yogesh) (@)__ | Interest on loan A/c Dr. 2,000 2,000 To Cash A/c (Being interest on loan paid) ICSE IX 63Commercial er (kK) Drawings A/ To Bank A/c (Being cash withdrawn for household expences) Dr. @ Bank... Dr. To Interest on deposit A/c (Being interest on deposit allowed by bank) (@™ Drawing A/c... Dr. To Cash A/c (Being table purchased for owner) 5. Give journal entries for the following transactions : (Gopal starts business with cash Rs. 20000 and a building worth (ii) Purchased goods for Rs. 40,000 out of which goods worth Rs- 20,000 from Kishan. {lit) Sold goods for Rs. 60,000 out of which goods worth 30,000 were on (iv) PaidRs. 19,000 to Kishan in full settlement. (vi) Received Rs 27,000 from Subhash in full settlement. (vii) Paid wages Rs. 600 and salaries Rs. 1,500. Rs. 60,000 were on credit credit to Subhash, (viii) Purchased a machine from Kartik for Rs. 600 on credit. (ix) Provide depreciation on building at 10% per annum. @®) Ans. Journal Date Particular LE Debit Credit (| Cash A/c... Dr Building A/c. Dr. 20,000 To Capital A/c 60,000 80,000 (Being business started with cash & building) ii) | Purchase A/c... Dr. 40,000 20,000 To Cash A/c To Kishan A/c 20,000 (Being goods purchasesd partly in cash & partly on credit) ICSE IXDr. sh A/c. Dr. 30,000 60,000 ales A/c 30,000 | (Being goods sold for cash as well as credit) 5 [Kishan A/c... Dr. (9) |rocash Afe 2000 [19.000 To Discount A/c ... Dr. (Being cash pai ‘ in full settlement) alent | 4 j Cash A/c. ® Dr. Discount A/c... aoodl 30,000 Dr. To Subhash A/c d (Being cash received in full settlement from subhash) i Wages A/c... Dr. vi 601 ©) | salary A/c. Dr. eee 2200 To Cash A/c E (Being wages 86 salary paid in cash) (iy | Machine A/c... Dr. ra 00 To Kartik A/c (Being machine purchased on credit) Depreciation A/c... Dr. 6000 16000 To Building A/c (Being depreciation provided) | 2,38,700 | 2,38,700 mee 65 ICSE Ixemmy ws the foll 6. On 31st December 2009, the balance sheet of Roberts shov owing Capital Goodwill 60,000 A s Bank overdrant Sana Machinery aaaae ie ia from Anthony. | 30,000 See 50,000 Is Payable 40,000 Bulding Boone a Bills Receivable 10,000 Cash at Bank 20,000 Cash in hand 7,000 (asa00 1,50,000 Give the opening journal entry on ist January, 2010. Ans, In the Books of Mr. Roberts Journal Book Date | Particular. LE Debit Dec. 31 | Good will A/c... Dr. Machinery A/c. Dr. 10,000 Furniture A/c... Dr. Building A/c... Dr. 15,000 Debtors A/c... Dr. 8,000 Bills Receivable A/c... Dr. Cash at Bank A/c 50,000 Dr. Cash in hand A/c... Dr. To Bank 30,000 20,000 overdraft A/c 10,000 ‘40,000 To Loan from Anthony A/c 20,000 30,000 To Bills payable A/c 7,000 60.000 To Capital A/c 750,000 14,50,00 (Being business started with all the assets cam! cia and liabilities) 7. Journalise the following transactions : Rs. (a) — Goods taken for personal use 1,000 (b) Goods given as donation 700 (©) Goods distributed as free sample 500 (d) Goods lost by fire 200 (e) Goods lost by theft 400 ICSE IXAns. Journal Date | Particular LF Debit Credit Ta)_| Drawings A/c... Dr. To Goods withdrawn for personal use A/c 1,000 1,000 (Being goods withdrawn for personal . use) (b) | Donations A/c... Dr. To Goods given as donation A/c 700 700 (Being goods distributed as donation) (o | Advertisement A/c... Dr. To Goods distributed as free sample A/c 500 500 (Being goods distributed as free sample) (@) | Loss by fire A/c... Dr. To Goods lost by fire A/c 800 800 (Being Goods lost by fire) (© |Loss by theft A/c... Dr. To Goods lost by theft A/c (Being goods 400 400 lost by theft) 3,400 3,400 8. Journalise the transactions given below. ( Asum of Rs. 5,000 is received from Akbar against a debt previously written off. (i) Goods worth Rs. 2,000 lost by theft insurance company admits claim in full, (iii) Amount of Rs, 600 due from Salim written off as bad debt. ":1? (iv) A cheque for Rs. 1,500 received from a customer is dishonoured. (v) Arvind who owes Rs. 2,500 paysRs. 2,250 in full settlement. Ans. Journal Date Particular LF Debit Credit (@ | Cash A/c... Dr. 7 5,000 5,000 To Bad debts recovery A/c (Being amount written off as bad debts recovered) ICSEIX 67Commercial Studie ee 0 (i) | Insurance claim A/e Dr. 2,004 2,000 To Goods lost by theft A/c (Being goods lost by theft and insurance company admitted full claim) (ii) | cash Aye . Dr. cd 600 To Bad debts recovery A/c (Being amount written offf as bad debts recovered) (iv) | Customer A/e Dr. 500) To Bank A/c = (Being cheque received from customer dishonoured) (| cash ase wD. aces Discount A/c Dr. a To Arvind A/e eae (Being cash received in full settlement) Total 11,600] 11,600 Journalise the following transactions : {a) Goods worth Rs. 500 given as charit (b) Received Rs. 975 from Hari Krishan in full settlement of his account for Rs. 1,000 (c) Received a first and final dividend of 60 paise in the rupee from the official receiver of Mr. Rajan who owed us Rs. 1,000. Ans. Journal Date Particular L.F| Debit (2 Preait (2) (@)_| Charity A7e Dr. 500 To Goods distributed as charity A/c 500 (Being goods distributed as charity) (&) | Cash Ase .. Dr, 975 Discount A/e Dr. 25 To Hari Krishan A/c 1,000 (Being cash received from hari Krishan in full settlement) () | Cash A/c «» Dr 600 Bad debts A/c Dr. 400 To Mr. Rajan A/c aon (Being final dividend received and ‘ amount written offf as bad debts) Total 2,500 | 2,500 re oa ICSE IX 68Commercial -__h OO 40. Atthe end of the accounting year a trader finds that no entry has been passed in the looks of accounts in respect of the following transactions. (i) Outstanding salary at the end of the year 200 (i) Food given as charity during the year 300 (iii) Stock in hand at the end of the year 20,000 Journalise these transaction. Ans. In the Books of Trader Journal Date | Particular LF | Debit Credit @ salary A/c... Dr. | To Outstanding salary A/c 200 | 200 (Being salary due to employee) ©) Charity A/c ... Dr. To Goods distributed as charity A/c 300 300 (Being goods distributed as charity) © Closing stock A/c... Dr. 20,500 | 20,500 To Trading A/c (Being the closing stock, brought into account) 20,500 | 20,500 Total 11, Journalise the following transactions : (a) Ramesh became insolvent. A first and final composition of 75 paise in the rupee was received from his official receiver. He owed a debt of Rs. 10,000 (b) Rent due to landloard 3,000 (c) Salaries due to staff 5,000 (d) Received cash for a bad debt written off last year 500 (@) Depreciation on office furniture 200 (f) Paid Rs 500 for charity (g) Owner purchased a motorcycle for his son 15,000 ICSE Ix 69XXX Commercial Studies a Ans. In the Books of Mr. Journal l Crean ene Credi Pate | Particular 0g fa) 2,500 Pe > 10,000 er. To Ramesh A/c (Being cash received and account written off) > Rent A/c... Dr. To Outstanding Rent A/c (Being rent due to landlord) © 5,000 | 5,000 | Salary A/c... Dr. To Outstanding Salary A/c (Being salary due to staff) j@ 500 [500 | Cash A/c... Dr. To Bad debts Reovery A/c (Being cash recovered from bad debts written off) (e) | Depreciation A/c... Dr. 200 | 200 To Office furniture A/c (Being depreciation provided on office furniture) (O_| Charity A/c... Dr. 500 | 500 To Cash A/c (Being charity paid) (g) eee Ol Dr. 15,000 | 15,000 ‘o Cash A/c (Being motorcycle purchased for personal purpose) 34,200 | 34,200 Total mex remercial Studies 12. Explain the meaning of the following entries by giving narration. Journal Date Particular LF | Debit | Credit jan. | Cash A/c... Dr. Goods A/c 25,000 | 50,000 To Anil's A/c 25,000 fan | Bank A/c... Dr. ~ To cash A/c 20,000 | 20,000 Fjan S| Furniture A/c... Dr. Stationery A/c... Dr. 10,000 | 12,000 To Bank A/c 2,000 jan | Purchases A/c... Dr. To Sunil's A/e 40,000 | 40,000 Jan? | Carriage Inwards A/c... Dr. 400 400 To cash A/c jan.8 | Salil's A/c... Dr E ; To Sales A/c 55,000} 55,000 Jani | Carriage Outwards A/c... Dr. To Cash A/c 550 550 550 Jan.i2 | Bank A/c... Dr. Discount Allowed A/c... Dr. 54,450] 55,000 To Salil's A/c 550 Jan.14 | Sunil’s A/c... Dr. To Bank A/c 40,000 | 39,600 To Discount Received A/c 400 J2n6 | Drawings A/c... Dr. To Cash A/c 1,500 1,500 1,500 == ooCommercial Studies Ans. Journal a po Debit [Cre | Date | Sarticular 7 | 25,000, Jan. 1 | Cash A/c... Dr. Goods A/c... Dr. 25,000} 50,000 To Anil's A/c (Being business started with cash & goods) 20,000 | 20,000 Jan.4 | Bank A/c... Dr. To cash A/c (Being cash deposited into bank) 10,000} 12,000 Jan. 5 | Furniture A/c... Dr. Stationery A/c. Dr. 2000 To Bank A/c (Being furniture & stationery purchased & amount paid through cheque) Jan. 6 | Purchases A/c... Dr. To Sunil’s A/c 40,000) 40,000 (Being goods purchased on credit from sunil) Jan.7 | Carriage Inwards A/c... Dr. To cash A/e 400 400 (Being carriage inward paid) Jan. 8 | Salil's A/c... Dr. To Sales A/c 55,000 55,000 | 55,000 (Being goods sold on credit to salil) Jan.10 | Carriage Outwards A/c Dr. 550 550 To Cash A/c (Being carriage outward paid) jan.12 | Bank A/c... Dr. Discount Allowed A/c... Dr. To Salil's 54,450] 55,000 J A/c 550 (Being cheque received of Z 54,450 in full settlement from salil) | ICSE IX 72\ Commercial Studies ———— sunil is A/c. Dr. 39,600 To Bank A/c 400 To Discount Received A/c (Being cheque paid to sunil of Z in full settlement) | })|jjan 16 | Drawings A/c... Dr. To Cash A/c 25,000 | 50,000 | (Being business cash used by 25,000 | proprietor for personal use) 13. Rectify the following journal entries, assuming that the n arration is correct. Journal Date Particular LF | Debit Credit jiften.1 | Capital A/c... Dr. 50,000 | 50,000 | To Cash A/c | (Being the business started with a capital of Rs Mohan’s A/c... Dr. To Cash A/e Jan.5 | (Being the salary paid to Mohan in cash) 3,000 | 3,000 | Cash A/c... Dr. To Purchases A/c | Jan.7 | (Being the goods purchased for cash) 30,000 | 30,000 | | Purchases A/c... Dr. To Cash A/c Jan.10 | (Being the furniture purchased for cash) 5,000 | 5,000 Sales A/c... Dr. To Cash A/e Jan.12 (Being carriage inward paid) |Jan.t5 Wages A/c... Dr. 1,500 | 1,500 | To Bank A/c (Being the wages paid is cash) ICSE Ix 73Commercial Studies 2,000 | 2,000 17 Drawings A/c... Dr. To Capital A/e (Being the cash withdrawn for personal use) as 3,000 | 3,0 Jan. 21” [Returns Inwards A/c... Dr. To Ram's A/é °° (Being goods returned to Ram) Jan 24” | Shyam's A/c... Dr. To Discount Allowed A/c (Being discount allowed to Shyam) Jan 27 | Building A/c ea To Capital A/c (Being repair made for building) Journal LF | Debit | Credit Date Particular Cash A/c... Dr. To Capital A/c Jan.1 | (Being business started with a capital of Rs. 50,000 | 50,000 Jan.5 | Salary A/c... Dr. To Cash A/c 3,000 | 3,000 (Being salary paid to Mohan in cash) | Purchases A/c... Dr. To Cash A/e Jan. 7 | (Being the goods purchased for cash) 30,000 | 30,000 Furniture A/c... Dr. To Cash A/c Jan.10 | (Being furniture purchased for cash) 5,000 | 5,000 | Cash A/c... Dr. To Sales A/c Jan.12 | (Being goods sold for cash) - = 2 ax |. a ICSE IXCommercial Studies See Ene Jan. 15 | Wages A/c... Dr. To Cash A/c 1,500 1,500 (Being wages paid is cash) 1,500 Jan.17 | Drawings. A/c... Dr. To Bank A/c (Being the cash withdrawn for personal use) 2,000 | 2,000 Jan.21 | Ram's A/c... Dr. To Returns Outwards A/c (Being goods returned to Ram) 3,000 | 3,000 Jan. 24 | Discount Allowed A/c... Dr. To Shyam A/c (Being discount allowed to Shyam) - : Jan. 27 | Repairs for building A/c... Dr. To Cash A/c 500 500) (Being repairs made for building) 14. _Journalise the following transactions and post the into the ledger: 2005 Rs. Jan. 1 Commenced business with cash 18,000 Jan. 2 Deposited into bank 5,000 Jan. 3 Bought goods for cash 2,500 Jan. 4 — Bought goods from Ram Singh 7,300 Jan. 5 Sold goods to cash 1,620 Jan. 6 Paid cash into bank 2,500 Jan. 7 Bought for cash furniture 300 Jan. 8 Sold goods to Suresh 1,280 Jan. 12 Received cash from Suresh 1,232 Jan. 12 Allowed him discount 48 Jan, 13 Paid Ram Singh 1,770 Jan. 13 Discount allowed 30 Jan, 15 Paid Wages 18 Jan. 16 — Sold goods to Jagdish Chand 3,600 Jan. 17 Paid Trade expenses 15 Jan. 17 — Sold goods to RadheyShyam. 2,338 Jan. 19 — Received from Jagdish Chand 2,000 Jan. 19 Allowed him discount 50 Jan. 20 Paid Ram Singh cash on account 50 Jan, 22 Cash Sales 800 Jan. 24 Paid cash for stationery 17 Jan. 26 Paid cash for general expenses 16 Jan. 28 — Bought goods from Ram & Co. 1,683 Jan. 30 — Withdrew cash for private use 150 a ICSE IX 75Commercial Studies Jani 1 Cash A/c... Dr, 18,000 | 18,000 To Capital A/c —| (Being business started with cash) __ > Jan2 | Bank A/c... Dr. 5,000 | 5,000 To Cash A/c |__| (Being cash deposited into bank) Jan3 Purchases A/c... Dr. To Cash A/c 30,000 | 30,000 (Being goods purchased for cash) Jan4 | Purchases A/c... Dr. To Ram Singh A/c 000 | 5,0 (Being goods purchased from Ram Singh) 5 Cy JanS | Cash A/c... Dr. To Sales A/c (Being goods sold for cash) eee aw Jan6 | Bank A/c... Dr. To Cash A/c (Being cash deposited into bank) 2,500 | 2,500 Jan? | Furniture A/c... Dr. To Cash A/c 300 300 (Being Furniture purchased for cash) Jan8 — | Suresh A/c... Dr. To Sales A/e (Being goods soldtoRam) 1,280 | 1,280 Jan12 | Cash A/c... Dr. To Suresh A/c 1,232 | 1,232 (Being cash received from suresh) Jan 12 _ | Discount allowed A/c... Dr. To Suresh A/c 48 48 (Being discount allowed to suresh) Dr. To Cash A/c 1,770 | 1,770 Jan 13 | Ram singh A/c to Ram Singh) (Being cash pal Jan 13 | Discount allowed A/c... Dr. To Cash A/c 30 30 (Being discount allowed) OC ICSE IX 76Commercial Studies Jan. 15 | Wages A/c.. Dr, 18 as To Cash A/c (Being cash received from sures) Jan. 16 | Jagdishchand A/c... Dr To Sales A/e a a (Being goods sold to Jagdishchand) Jan. 17. | Trade expenses A/c... Dr. To Cash A/c (Being trade expenses paid by cash) 15 15 Jan.17_ | Radheshyam A/c... Dr. To SalesA/e 2,338 | 2,338 (Being goods sold to Radheshyam) jan. 19 | Cash A/c... Dr. To Jagdishchand A/e 2,000 | 2,000 | (Being cash received from Jagdishchand) Jan.19 | Discount Allowed A/c... Dr. To Cash Ase 50 50 (Being discount allowed) Jan. 20 | Ram Singh A/c... Dr. To Cash Ae 50 50 (Being cash paid to Ram singh) Jan.22 | Cash A/c... Dr. To Sales A/c / [800 | 800 (Being goods sold for cash) |Jan.24 | Stationery A/c... Dr. To Cash A/c 17 17 (Being stationery expense paid in cash) Jan.26 | General Expense A/c... Dr. To Cash A/c 16 16 (Being general expense paid in cash) Jan. 28. | Purchase A/c... Dr. To Ram and Co. A/c 1,683 | 1,683 (Being goods purchased from Ram and Co.) Jan.30 | Drawings A/c... Dr. 150 [150 To Cash A/c 77,517 | 77,517 (Being cash withdrawn for personal use Total Commercial Studies TEDER Cash A/C [Date] Particulars TF [Amount | Date [Particulars [LF [Amount $$ ICSE 1x’Jan. ] ~ Tia aytankave | «| 5.000 Jans 18,000 | Jan. 2. | By Banl . 2800 : 1,620 3. | By Purchase A/c os Jan 12 : 2,500 Jan 19 1,232 by Bank A/e aad 28 19 | To Jagdishchan A/c 2000 By Furniture A/c Fos Jan 22 To Sales A/c 800 By Ram Singh A/c M7 0 By Discount A/e ag By Wages A/c a hy Trade Expense . By By Discount 1S Jan 24 | Allowed . Jan 26 | By Stationery A/c 50 Jan 20 | By General Expense 17 Jan 30 | A/e By Ram Singh A/c 16 By Drawing A/c 50 By Balance C/d 150 11,236 23,652 23,652 Dr. Capital A/c cr Date | Particulars }.F [Amount | Date | Particulars [1.F_[ Amount] Jan.1 | To Balance ¢/d 18,000 | Jan.1 By Cash A/c 18,000 18,000 18,000 Dr: Bank A/C Cr. Date _{ Particulars J. [Amount | Date | Particulars 7 [Amount Jan.2- | To Balance c/d 5000 Jan6 | To Cash A/c 2,500 By Balance C/d 18,000 23,652 23,652 Dr. Purchase A/C cr Date__| Particulars JF [Amount | Date _ | Particulars UF [Amount Jan. 3 | To Cash A/c 2,500 | Jan.t By Cash A7e 11,503 Jan. 4 | To Ram Singh A/c 7,320 Jan.28 | To Ram and Co.A/c 1,683 = cee 11,503 | : 14,503 Dr. urniture A/C cr. Date _| Particulars Amount] Date [Particulars LP_[ Amount Jan.7_ | To Cash A/e 300 To Balance c/a 300 300 ai Commercial Studies Ram Singh A7C____--___ Date _| Particulars J. [Amount | Date | Particulars ATmGunE ICSE IX along | To Cash A/c To 7 | ies | Cash A/eTo a 50 By Purchase A/c 7,320 i Balance C/d 5,520 | 7,320 7,320 Dr. Bank A/C Cr. | I To Balance C/d 9,638 | Jan.5 | By Cash A/c 1,620 Jan.8_ | By Suresh A/c 1,280 | Jan.16 | ByJagdishchandA/c 3,600 Jan.17 | By Radheshyam 2,338 Jan.22 | By Cash A/c 800 qe [9,638 9,638 Dr. Sales A/C cr. [Date | Particulars LF | Amount | Date __| Particulars LF_| Amount Jan.8 | To Sales A/c Jan.12 1,280 | Jan.12 | By Cash A/c 1,232 | By Cash A/e 436 | Jan.12 | By Discount 484 | 1,716 Allowed A/c 1,716 Dr. Discount Allowed A/c cr. Date_| Particulars JF [Amount | Date | Particulars LF [Amount Jan.t2 | To Suresh A/c 48 By Balance C/d 128 Jan.13 To Cash A/c 30 Jan.19 To Cash A/c 50 | L 128 128 Wages A/C Date | Particulars [LF [Amount | Date __| Particulars J.F_| Amount To Cash A/c 18 By Balance C/d 18 Jan.i5 | a | 18 18 Jagdishchand A/C Date_| Particulars ]F | Amount] Date __| Particulars LF | To Sales A/c 3,600 | Jan.19 | By Cash A/c To Jan.16 | Balance C/d | 3,600 ICSEIX 79Commercial Studies rape Expense A/© 5 -F_| Amount jeulars Date _| Particulars amount [Date | Parten c/a —< Jan.17 | To Cash A/c 15 By Ba 15 | (as cr. Dr. Radheshyam A/C [j.F_| Amount - ee Tai unt | (Date | Particulars [LF [Amount | Date Particu 23387 | Jan.17 [To Sales A/c 2,338 2,338 f | C388 cr. Dr. stationery A/C : [-F_| Amount Date | Particulars [JF | Amount | Date Particular 7a 7 [Jan.24 | To Cash A/c 17 By Balan a7 1 ese | 17 a cr. Dr. General Expenses A/C Date | Particulars [F [Amount | Date__| Particulars LE Amount Jan.26 | To Cash A/e 16 Jan.26 By Balance c/ | [asti6 16 Dr. Ram and Co. A/C cr. (Date _| Particulars ]F | Amount | Date_| Particulars [J-F_| Amount Jan.28 | By Balance C/d 1,683 | Jan.28 | By Purchase A/C 1,683 | [1683 | 1,683 Dr. Drawing A/C cr. Date | Particulars [J.F | Amount [Date _| Particulars J.F_| Amount Jan.30 | To Cash A/c 150 | By Balance C/d 150 | [150] 150 ICSE IX 8045, Thejo Of Mr.Singhania shows the following opening entry. Show its posting in the ledger 2009 LF | Debit Credit jan. 1 Cash at bank fe 0d Stock Land and Building 12,000 Plant and Machinery 50,000 Furniture and Fixtures 30,000 Bagari Bro 20,000 Prepaid Insurance 10,000 To Interest received in advance 3,000 To Loan From Tobaccowala To Dalmia 3,000 To Capital Account 22,000 (Being the balance brought forward 20,000 from the last year) 1,00,000 Dr. In the ledger of Mr.Singhania cr. Cash A/C Date | Particulars JF [Amount] Date Particulars JF [Amount 2009 [April.l | To Balance b/d 5,000 Dr. Cash at Bank A/C cr. Date | Particulars JF [Amount] Date | Particulars JF [Amount 2009 Aprilid 15,000 Dr. Stock A/C cr Date _| Particulars [.F [Amount | Date | Particulars ].F_[Amount April.1 | To Balance b/d 12,000 Dr. Land and Building A/C Cr Date _| Particulars LF [Amount | Date _[ Particulars LF [Amount April.1 | To Balance b/d 50,000 105 ICSE Ix 81Commercial Studies Dr, cr Plant and Machinery A/C D: 7 - 7 .F | Amount Date | Particulars JF ]Amount] Date | Particulars J }2009_| 2009 a (April.1 | To Balance b/d 30,000 cr oe Furniture and Fixture A/C Date | Particulars JF [Amount | Date | Particulars JF | Amount 2009 2009 April.1 | To Balance b/d 30,000 Dr. Bagari Bros. A/C o Date | Particulars J-F [Amount] Date | Particulars JF | Amount 2009 2009 April.1 | To Balance b/d __ [10,000 oe Prepaid Insurances A/C cr Date | Particulars JF [Amount | Date | Particulars JF [Amount 2009 2009 April.1 | To Balance b/d 3,000 Dr. Interest received in Advance A/C cr Date | Particulars JF [Amount [Date |Particulars ——_|J.F | Amount 2009 __| 2009 3,000 | April.1 | To Balance b/d 3,000 Dr. Loan from Tobaccowala A/C Cr Date | Particulars JF | Amount | Date | Particulars JF [Amount 2009 2009 April.t | To Balance b/d 22,000 _Dr. Dalmia A/C cr Date | Particulars JF [Amount | Date | Particulars JF [Amount 2009 2009 April. | To Balance b/d 20,000 ee ICSE IX 82Commercial Studi pital A7C Date | Particulars JF | Amount | Date | Particulars }F [Amount 2009 2009 April.1 | To Balance b/d 1,00,,000 16. Post the following Journal entry in the ledger of Miss. Arti Date Particular LF | Debit Credit 2009 ; Jan.31 | Postage and Telegram A/ 4,000 Printing and Stationery A/c 5,000 Sundry Expenses A/c... Dr. 1,000 To Cash A/c 10,000 2001 | Cash Account... Dr.Bank Account... Dr. To 10,000 April | Capital Account 40 30,000 (Being money invested by the 40,000 owner in the new business) Dr. LEADER cr Cash A/C Date | Particulars JF [Amount | Date | Particulars JF [Amount 2009 2009 Jan.31 | To Balance C/d 10,000 |Jan.31 | By Postage at, 4,000 telegram A/c 70,000 By Printing & 5,000 ” | Stationery A/c 1,000 Feb 1 | By Sundry Exp. 10,000, Alc 10,000 Dr. Postage and Telegram A/C cr Date | Particulars JF [Amount | Date | Particulars JF | Amount 2009 _| |__| 2009 | Jan.31 | To Cash A/C 4,000 | Jan 31 | To Balance C/d 4,000 oe |4.000 | Feb1 | To Balance b/d 4,000 OT EEEEEEEEEEEEEEEE ee ICSEIX 83Commercial Studies Printing and Stationery A/C .F_[ Amount ars. J: | Particulars JE | Amount | Date Particula® Ca 5000 ‘© Cash A/e 5000 Jan.31 | To Balan =o 5000 Feb 1 | To Balance c/a 5000 cr Dr. ‘Sundry Expenses A/C . 5 .F_[ Amo Date _| Particulars ].F [Amount | Date _| Particulars 5 J. unt Jan.31 | To Cash A/c 1,000 | Jan31_| To Balance C/t [sooo Feb 1 | To Balance C/d De Bank A/C Cr. Date | Particulars JF [Amount [Date _ | Particulars J.F_[ Amount April 1 April 1 | To Balance b/d . To Capital A/c 30,000 30,000 { tee 30000 0,000 May 1 | By Balance C/d 30,000 Dr. CAPITAL A/C cr. Date _| Particulars J.F [Amount] Date _| Particulars JF [Amount Jan.30 | To Balance C/d ] 40,000 [April | To Balance C/d 1 10,000 40,000_| April | 30,000_ ‘To Balance B/d 40,000 | 1 40,000 Feb1 Dr. Cash A/C cr. Date _| Particulars J.F | Amount | Date _| Particulars LF [Amount April_| To Capital A/c 40,000 | Jan31 | To Balance C/d 1 — 40,000 To Balance B/d 40,000 [40,000 May 1 40,000 I mex| Commercial Studies , Study Shiva’s account in th seady St he books of Mohan and answer the following oe Cash A/C cr. pate | Particulars JF | Amount ]Date | Particulars 2009 To Balance b/d 40,000 [jan it Jan 10 | By Sa Core fe.on0 Yan y Sales ReturnsA7e Jan 11 | By Cash A/c - Jan 12 | By Discount A/c -——— ] Jan.25 | By Bank A/c 1,90,000 (Is Mr. Shiva debtor or creditor of Mohan? (i) Give the complete journal entry for January 12, 2010. Ans. (i) Mr. Shiva is neither debtor nor creditor of Mohan, (ii) Journal Entry for Jan 12, 2010 is — Discount A/c To Shiva's A/c (Being discount allowed to shiva) 1,000 1,000 18. Journalise the following transactions and post them into the ledger and balance the ledger account. 2008 : Rs. April, 2 Started business with cash 50,000 April,5 Bought goods from Ashok 20,000 April,7 Sold goods to Aman 30,000 April,9 Paid cash to Ashok in full settlement 19,800 April, 11 Purchased furniture for cash 2,500 April, 11 Purchased stationery for cash 500 April, 15 Received cash from Aman in full settlement 29,000 April,17 Deposited cash into bank 30,000 April, | 21 Bought goods from Neeraj 10,000 | April, 22 Received rent 1,000 April, 24 Goods returned to Neeraj 1,000 | April, 25. Sold goods to Dheeraj 13,000 April,27__ Goods returned by Dheeraj 1,300 April, 28 Paid household -expenses 2,000 April,29___ Paid cheque to Neeraj 8,000 April,29 Received cheque from Dheeraj 10,000 April, 30 Paid salary to staff 3,000 April30 Withdew cash for private use 1,000 \CSEIx 85109 Sermon Stes go Date Journal LF ] Debit %| Credit % 2008 April2 | Cash A/c... Dr. To Capital A/c (Being business started with cash) 50,000 50,000 AprilS | Purchases A/c... Dr. zoo 20,000 To Ashok A/c (Being goods purchased from Ashok) April7 | Aman A/ewDre 30,000 30,000 To Sales A/c (Being goods sold to Aman) April9 | AshokA/e~Dr. 20,000 19,800 To Cash A/e cy To Discount received A/c (Being cash paid to Ashok in full settlement) April 11 | Furniture A/c... Dr. 2,500 2,500 To Cash A/c (Being furniture purchased) [ Aprilii | Stationery A/c Dr. 500 500 To Cash A/c (Being stationery purchased) April15_ | Cash A/c... Dr. 29,000 30,000 Discount Allowed A/c... Dr. 1,000 To Aman A/c (Being cash received from aman in full settlement) April17__| Bank A/c... Dr. 30,000 30,000 To cash A/c (Being cash deposited into bank) April 21 eure 5 Aye Br fopda rood lo Neeraj (Being goods purchased on credit) —————ee—n— OOOO ON ICSE Ix 86To Rent Received A/c (Being rent received) 1,000 ‘April 24 Neeraj A/c... Dr. To Purchase Return A/c (Being goods returned to neeraj) 1,000 1,000 ‘April 25 Dheeraj A/c... Dr. To Sales A/c (Being goods sold to Dheeraj) 13,000 13,000 ‘April 27 Sales Return A/c. Dr. To Dheeraj A/c (Being goods returned by Dheeraj) 1,300 1,300 [April 28 Drawings A/c... Dr. To Cash A/c (Being household expences paid) 2,000 2,000 April 29 Neeraj A/c... Dr. To Bank A/c (Being cheque paid to neeraj) 8,000 8,000 April 29 Bank A/c... Dr. To Dheeraj A/c (Being cheque received from dheeraj) 10,000 10,000 ‘April 30 Salary A/c... Dr. To Cash A/e (Being Salary Paid) 3,000 3,000 ‘April 30 Dr. Drawings A/ To Bank A/c (Being cash withdrawn for personal use ) 1,000 1,000 Total 2,33,300 2,33,300 ICSE Ix’ 87cr. ee Aman’s A/C - g.F Amount pate Particulars |y.FJAmount | Date | Pardseulars L 2008 | 7 29,000 April 7 |To Sales A/e 30,000 {april 15/By Cass A/¢ IApril 15) By Diswount ° ‘Allowed A/e Epo ‘30,000 30,000 cr. De. Sales A/C 5 Date | Particulars [aFlAmount | Date | Pertieulare |9-F /Amoun 2008 2008 April 30|To Balance ¢/d 43,000 | April 7 |By Aman A/o aioodl lapril 25|By Dheeraj A/c 5 43,000 [43.000 | May 1 | By Batunce b/d 43,000 Dr. Discount received A/C cr Date | Particulars |J.F|Amount | Date | Particulars |J.F|Amount 2008 2008 April 30] To Balance c/d 200 | April 9 |By Asthak A/c 200 200 200 May 1 | By Balance b/d 200 Dr. Furniture A/C cr. Date | Particulars |J.F[amount | Date | Particulars [J.F Amount 2008 2008 April 11] To Cash A/e 2,500 {April 30] By Balance c/d 2,500 2,500 2,500 May 1 | To Balance b/d 2,500 Dr. Stationery A/C cr. Date | Particulars |J.F[amount | Date | Partirulars |J.F Amount 2008 2008 [April 11]To Cash A/c 500 [April 30] By Ballance c/d 500 500} ‘500 May 1 | To Balance b/d ICSE IXoe _;Dreoune Allowed A/C cr. Particulars r pate rl FlAmount | Date | Particulars |J.F|Amount 2008 2008 April 15]To Aman A/c 10,000 april 30] By Balance c/d 10,000 May 1 | To Balance b/d [10,000 | Dr. Bank A/C cr. Date | Particulars -Fl/Amount | Date | Particulars |J.F [Amount 2008 2008 Apri] 17)To Cash A/c 30,000 April 29|By Neeraj A/c 8,000 April 29|To Dhecraj A/c 10,000 |April 30|By Drawing A/c 1,000 lApril 30]/By Balance c/d 31,000 ‘40,000 ‘40,000 May 1 | To Balance b/d 31,000 Dr. Neeraj A/C i cr. Date | Particulars {J.F|Amount | Date | Particulars + |J.F|Amount 2008 2008 ‘April 24|To Purchase 1,000 |Aprit 21|By Purchase A/c 10,000 return A/c April 29] To Bank A/c 8,000 [April 30|By Drawing A/c 1,000 [April 30|To Balance c/a 1,000 10,000 10,000 May 1 | By Balance b/d 1,000 Dr. Rent Received A/C cr. Date | Particulars |J.F|Amount | Date | Particulars |J.F/Amount 2008 2008 April 30|To Balance c/d 1,000 [April 22|By Cash A/c 1,000 1,000 1,000 May 1 | By Balance b/d 1,000 Dr. Purchase Return A/C cr. Date | Particulars |J.F|Amount | Date | Particulars |J.F|Amount 2008 2008 April 30|To Balance ¢/d 1,000 [April 24/By Neeraj A/c 1,000 1,000 1,000 r May 1 | By Balance b/d 1,000 ICSE Ix 89Dr. cr, a . Dheeraj A/C Date | Particulars [uFJamount | Date ] Particwiat® lJ-F /Amount 2008 “ 2008 nase A/c 1g [Aprit 25] To Sates Aye 13,000 April 25] 6 Po ye ul 10, _ ri 1 29) By Ban . Pril 29] To Bank A/c 8,000 eat 30|To Balance ¢/d 1,700 13,000 —_ May 1 | To Balance b/d 1,700 cr, De Sales Return A/C Date | Particulars [yFJamount | Date | Particulars /7-F [Amount | 2008 2008 April 27/To Deeraj A/e 1,300...|Aprit 30|By Balance ¢/d |_1,300 | aise 1,300 May 1 | To Balance b/d 1,300 L Dr. Drawing A/C Cr. Date | Particulars J.FJAmount | Date | Particulars — J.F/Amount 2008 2008 April 28] To Cash A/e 2,000 {April 30/By Balance c/d 1,300 [April 30]To Bank A/c 1,000 3,000 3,000 May 1 | To Balance b/d 3,000 Dr. Salary A/C cr. Date | Particulars |J.F[Amount| Date | Particulars |J.F|Amount 2008 2008 April 30|To Cash A/c 3,000 |April 30/By Balance c/d 3,000 3,000 3,000 May 1 | To Balance b/d 3,000 ICSE IXPrepare a cash account of Sriniy; aac Ita on 31.12. 200g vten from the following particulars and 2008 Rs. Dec. 1 Balance 5,000 Dec. 5 Borrowed moncy from Bank 10,000 Dec. 10 Purchased goods for cash 600 Dec. 15 Bought furniture for cash 4,000 Dec. 17 Purchased a TV set for cash 5,000 Dec. 21 Sold goods for cash 12,000 Dec. 25 Received rent from tenants 3,000 Dec. 27 Repaid the money borrowed from bank 10,500 Dec. 29 Paid salary to staff 4,000 Dec. 31 Paid sundry expenses "500 ‘Ans. ss Cash A/c cr. Date | Particulars {J.F/Amount| Date | Particulars _|J.F/Amount 2008 2008 Dec. 1 |To Balance b/d 5,000 |Dec. 10] By Purchase A/c’ 6,000 Dec. 5 |To Loan from Dec. 15] By Fumiture A/c 2,000 Bank A/e 10,000 |Dec. 17| By TV. set A/c 5,000 Dec. 21]To Sales A/c 12,000 |Dec. 27] By Loan from Dec. 25|To Rent Bank A/e 10,000 Received A/c 3,000 |Dec. 27] By Interest A/c 500 Dec. 29] By Salary A/c 4,000 Dec. 31} By Sundry Expeses A/c 500 . 31| By Balance ¢/d 2,000 30,000 30,000 Jan. 1 |To Balance b/d 2,000 20. Post the following transactions into William’s account and balance it. 2008 Rs, Jan. 1 Opening balance (Dr.) 7,500 Jan. 10 Sold goods to Williams 10,000 Jan. 12 Recieved cash from him 10,000 Jan. 15 Goods returned by him 1,000 Jan.17 Received cheque from him 5,000 Jan. 28 William's cheque returned dishonoured Jan. 31 Cash received from him 5,000 eee anne De ‘ 91 ICSE IxAns. Cr, Dr. 3 AIC . William Tpartcuiars | LF Date | Particulars |J.F[Amount | Date 2008 2008 7 y Cash A/C Jan... |To Balance b/d 7,500 | Jan. 12] By ied nia Jan. 10 |To Sales A/e 10,000 Jan. 15] By Sale Jan. 28 |To Bank A/c 5,000 |Jan. 17] By Banks fe van, 31] By Cash A/e Jan, 31] By Balance ¢/ 22,500 Feb.1 | To Balance b/d 1,500 21. From the following transactions prepared Banerjee’s account and balance it, 2009 re Aprill Balance (Cr) ches April4 Bought goods from Banerjee cine April6 Paid him cash : April Returned goods to him 00) April 15 Bought goods from him 25,000) April 21 Bought goods for cash from Banerjee 5,000 April 29° Paid him by cheque 15,000 April 30 Discount allowed by Benerjee 1,000 Ans. Dr. Banerjee’s A/C cr. Date | Particulars |J.F[Amount| Date | Particulars |J.F[Amount 2009 2009 April 6 |To Cash A/c 30,000 | Aprit 1] By Balance b/d 8,400 April 8 [To Purchase April 4 | By Purchase A/c 25,000 Return A/c 400 april 15] By Purchase A/c 15,000 April 29|To Bank A/c 15,000 April 30]To Discount Received A/c 1,000 April 30] To Balance ¢/d 2,000 soc00) 30,000 May 1 | To Balance b/d 2,000 ——_— OSS CSE IX 92y the following journal entries j post into the concerned I ed ledger accounts. Ca Journal Book Particular te pa LF, Debit (%} | Credit (2) 2007 r March 1 urniture A/c .. Di To Cash A/c " ae ~ 5,000 ‘am Lal A/e March 11 | Ram Lal v Dr. Shyam Lal A/c .. Dr. ad To Purchase Returns A/c “ 1200 March 20 | Bank A/c .. Dr. 9,900 Discount A/c . Dr. “600 To Radhey Mohan A/c 10,500 March 30 | Rent A/c .- Dr. 1,000 Wages A/c . Dr. 1,500 Salary A/e . Dr. 2,500 Electric charges A/c ~. Dr. 500 To Cash A/e ‘ 5,500 Ans. LEDGER Dr Furniture A/C cr. Date Particulars \J.F|Amount | Date Particulars |J.F/Amount 2007 ace% Mar.1 To Cash A/c 3,000 |Mar.31|By Balance c/d 5,000 5,000 Soon) April 1 | To Balance b/d 5,000 Dr Cash A/C = |Date | Particulars |J.FJamount | Date | Particulars |s.F[Amount 2007 2007 Ma: 31 |To Balance ¢/d 10,500 |Mar. 1 | By furniture A/c 5,000 L By Rent A/c 1,000 By Wages A/c 1,500 By Salary A/e 2,500 By Electricity A/c 500 10,500 Balance b/d 10,500 | By Balance of a——=—_z_———-_—_—_—esst—te Dr. ASC Se. a Particulars [3-FlAmoung Pate | Particulars [y.F[Amount | Date 2007 2007 Mar. 11] To Purchase Mar-31 [By Balance o/4 a Returns A/c 500 t+——| 500 eo] April 1 | To Balance b/d 500 Dr. Shyam Lal A/C Cr. Date | Particula -FJAmount | Date | Particulars 1J-F Amount 2007 2007 | Mar. 11 To Purchase _|Mar.31 |By Balance c/d 700 Returns A/c 700 — ‘ 7 700) 200 | April 1 | To Balance b/d 3]2838700 | ! Dr. Purchase Return A/C cr, Date Particulars jJ.F/Amount | Date Particulars |J.F/Amount 2007 2007 Mar. 31 |To Balance ¢/d 1,200. | Mar.11 By Ram Lal A/e 500 Mar.11 |By Shyam Lal A/c 700 1,200 1,200 April 1] By Balance b/d 1,200 Dr. Bank A/C cr. Date | Particulars [J.F/Amount | Date | Particulars |g.F|amount 2007 2007 Mar. 20 |To Radhey ‘Mohan A/c 9,900 _|Mar.31] By Balance ¢/d 9,900 9,900 9,900 April 1 | To Balance b/d 9,906 ICSE IX 9 U23. ate Si ‘alary A/C cr. Particulars |J.F|Amount | Date Particulars —|J.F|Amount 2007 2,500_|Mar.31 [By Balance ¢/d 2,500 2,500 2,500 By Balance b/d 2,500 7 Electricity charges A/C cr. Particulars J.F/Amount | Date | Particulars |J.F|Amount 3007 2007 ar. 30|To Cash A/c 800 _|Mar.31 |By Balance ¢/d 500 ‘500 ‘500 aprit 1 | By Balance b/d 500 Journalise the following transactions and. Post them to thtir respective accounts in ledger. A 2009 Rs. Jan.1_P.K. Ghosh started business with cash 25,000 Jan. 1 Deposited cash into bank 15,000 Jan.2 Purchased from Roy on credit 10,000 Jan.4 Cash purchases 5,000 Jan.5 Purchased furniture for cash 3,000 Jan.7 Purchased stationery for cash 500 Jan.9 Sold goods to Dass Gupta 15,000 Jan. 10 Sold goods for cash 5,000 Jan. 12 Returned goods to Roy 800 Jan. 14 Paid cheque to Roy in full settlement 9,000 Jan. 16 Dass Gupta returned goods 1,000 Jan. 18 Cheque received from Dass Gupta in full settlement 13,500 Jan. 20 Goods taken by Ghosh for personal use 500 Jan. 30 Paid telephone charges Rs 500, wages Rs. 1,000, salaries Rs. 1500 office rent Rs 2,000 See ICSE x 95Ans, eee aS 96 ICSE IX Journal a ——_———___ [Lr | pebit (®) | Credit (2) Date Particular 2009 25,000 Jan.1 | Cash A/e Ds 25,000 To Capital A/e 2 (Being business started with cashl] _ = 15,01 Jan.1 | Bank A/c Dr; 15,000 To Cash A/e (Being cash deposited into bank) ,000 Jan.2 | Purchase A/c a 103 10,000 To Roy A/e i (Being goods purchased on credit) Jan.4 | Purchases A/c .. Dr. 5,000 ears To Cash A/c * (Being goods purchased for cash) L Jan. 4 | Furniture A/c Dr. 3,000 To Cash A/e 3,000 (Being furniture purchased for cash)| Jan. 5 | Stationery A/c .. Dr, 500 To Cash A/c 500 (Being stationery purchased for cash} Jan.7 | Dass Gupta A/e .. Dr. 29,000 Discount Allowed A/c Dr. 1,000 To Aman A/c 30,000 (Being cash received from aman in full settlement) Jan. 9 Dass Gupta A/c Dr. 15,000 To Sales A/c 15,000 (Being goods sold on credit) Jan. 10 | Cash A/c - Dr. 5,000 To Sales A/c 5,000 (Being goods purchased on credit) 7 Jan, 12 | Roy A/e a Dr. To Purchase Return A/c 800 800 (Being goods returned to Roy)Jan. Roy A/c Dr. 9,200 To Bank A/c . . 9,000 | To Discount received 200 | (Being cheque paid to Roy in full | settlement) van. 16 | Sales Return A/e Dr. 1,000 To Dass Gupta A/c 3,000 (Being goods returned by Dass Gupta) Jan. 18 | Bank A/c . Dr. 13,500 Discount Allowed A/c » Dr. 500 To Dass Gupta A/c 14,000 (Being cheque received from Dass Gupta) Jan. 20 | Drawings A/e wo Dr. 2,000 ‘To Goods withdrawn by proprietor A/c , | 2,000 (Being household expences paid) : Jan, 30 | To Telephone charges A/c ... Dr. 500 To Wages A/c Dr. 1,000 To Salaries A/c Dr. 1,500 To Office Rent A/c Dr. 2,000 To Cash A/c 5,000 (Being expenses paid in cash) Total n,40,500 |1,40,500 Dr. Cash A/C cr. Date | Particulars |J.F[Amount| Date | Particulars [J.F[Amount 2009 2009 jdan.1 |To Capital A/e 25,000 | Jan.1 | By Bank A/e 15,000 Jan, 10 |To Sales A/c 5,000 | Jan. 4 | By Purchase A/c 5,000 Jan. 5 | By Furnitures A/ 3,000 Jan. 7 | By Stationery A/c| 500 Jan.30 | By Telephone A/c 500 Jan.30 | By Wages A/e 1,000 Jan,30 | By Salary A/e 1,500 Jan.30 | By Office Rent A/d 2,000 gJan.31 | By Balance c/a 1,500 730,000 30,000 Feb.1 To Balance b/d 1,500 _—— SrI BC cr, al A/C s pe Capit ae Particulars |J-F[Amouny Daté | Particulars J.F|Amount | Date 2009 ue 2009 ale 25,000 1 [By Cash Yan. 31 |To Balance c/a 25,000 | Jan. | 25,000] 725,000, = nce b/d 25, Feb.1 | By Balance b/ =t 22,000 | c Dr. Bank A/C Fl GFlAman -F]Amou, Date | Particulars |y.F[Amount | Date | Partieu! at 2009 2009 Yan.1 |1o Cash Ase 15,000 |Jan.14) By Roy's A/e naisaa Jan. 18| To Dass Gupta a/ | 13,500 |Jan. 14] By Bal eo 500 28,500 -——— Feb.1_ | To Balance b/d 19,500 t Dr. Purchase A/C Cr. Date | Particulars |J.F[Amount | Date | Particulars |J.F Amount 2009 2009 Jan. 2 | To Roy's A/c 10,000 Jan, 31)By Balance ¢/d 15,000 Jan. 4 [To Cash Aje 5,000 15,000 28,500 Feb. 1 | To Balance b/d 15,000 Dr. Roy A/C cr. Date | Particulars |y.Flamount | Date | Particulars |y.FlAmount 2009 2009 Jan. 12 | To Roy's A/e 800 | Jan. 2 |By Purchase A/e 10,000 jJan. 14 |To Cash A/e 9,000 Jan. 14 |To Discount Received A/c 200 10,000 |__| 10,000 —_—— CSE IX 98Dr. Furniture a/c c F. foate ] Particulars ]sFlAmount | bar ate | Particul o 2009 oe lars [J.F]Amount fran. |To Cash Ase 5 .000_[Jan. 31) By Balance c/a 3,000 3,000 Feb.1_| To Balance b/d 3,000 e008) Dr. Stationery A/C = te | Particulars z ate FlAmount | Date | Particulars [J.F[Amount 201 2009 To Cash A/e Jan. 7 |To Cash A/« 500 _|Jan. 31] By Balance c/d 500 500 L 500 Feb.1 | To Balance b/d S00 — Dr. Dass Gupta A/C cr. Date | Particulars |J.F/Amount | Date | Particulars [J.F[Amount 2009 2009 lyan.9 | To Sales A/e 15,000 |van. 16|fy Sates Return 1,000 Jan. 18]By Bank A/c 13,500 Jan. 18]By Discount Allowed A/e 500 15,000 15,000 Dr. Sales A/C cr. Date ] Particulars |y.F[Amount | Date | Particulars |J.F|Amount 2009 2009 Jan. 31 |To Balance ¢/d 20,000 | Jan. 9 [By Dass Gupta A/c] 15,000 Jan.10 /By Cash A/e 5,000 20,000 Feb. 1 | By Balance b/d 20,000 Dr. Purchase Return A/C cr. Date | Particulars |J.FJAmount | Date | Particulars |J.F|Amount 2009 2009 Jan. 31 |To Balance c/d 800. Jan. 12]By Roy's A/e 800 800 300 Feb, 1 | By Balance b/d 300 L iy = OD ICSE IxCr, Dr. ‘ wed A/C : = _ Discount Received ue Gaunwe PF |Amount ate Particulars yunt | Date artic 2009 FyAmo 2009 ; 200 Jan. 31 |To Balance ¢, jan, 14|By Roy's A/¢ Balance c/d 200 | oa oa [| FJ grep. 1 | By Balance b/d 200 cr, Dr. Alc 4 Sales Return Date | Particulars [.F[amount | Date | Particulars |7-F/Amount 2009 2009 Jan. 16 |To Dass Gupta A/c} 1,000 |Jan, 31/By Balance c/d poy aaa 1,000 Feb.1 | To Balance b/d 1,000 Dr. Discount Allowed A/C + Cr. Date | Particulars |J.FJAmount | Date | Particulars» |J-F/Amount 2009 2009 Jan. 18 |To Dass Gupta A/c| 500 |Jan. 31|By Balance c/d 500 ool 500 Feb.1 | To Balance b/d 500 Dr. Drawings A/C cr. Date Particulars |J.F|Amount | Date Particulars \J.F|Amount 2009 2009 Jan. 20 |To Goods with by JJan, 31]By Balance e/d 500 proprietor A/c S00 500 500 Feb. 1 | To Balance b/d 300 Dr. Goods Withdrawn by proprietor A/C cr. [Date | Particulars |y.F[Amount | Date | Particulars |g.F|Amount 2009 2009 Jan, 31 ]To Balance ¢/d 500 |Jan. 20/By Drawings A/c 500 500 500 Feb. 1 | By Balance b/d ‘500 ICSE IX 100aa ce MT EDUCARE LTD. Telephone Charges A/c Commercial Studies Dr. cr. pate Particulars J.F/Amount Date Particulars |J.F|Amount 2009 2009 . jan. 30 | To Cash A/c S00 |Jan. 31 By Balance ¢/d 500 500 500 Feb. 1 | To Balance b/d 500 o Dr. Wages A/C cr. Date Particulars J-F/Amount | Date Particulars \J.F|Amount 2009 2009 gan. 30 [To Cash A/c 1,000 _|Jan. 31|By Balance c/d 1,000 1,000 1,000 4 = jJan. 31 | To Balance b/d 1,000 Dr. Salaries A/C cr. Date | Particulars |J.F|Amount | Date | Particulars |g.F Amount 2009 2009 Jan. 30 |To Cash A/c 1,500 |Jan. 31|By Balance c/d 1,500 1,500 1,500 Feb.1_| To Balance b/d Dr. Office Rent A/c cr. Date | Particulars |J.F|Amount | Date | Particulars |J.F|Amount 2009 2009 Jan. 30 |To Cash A/c 2,000. |Jan. 31|By Balance c/d 2,000 2,000 2,000 Feb.1 | To Balance b/d 2,000 me SER 101Ol Cr. Pe cash Ae JF] Amount Date Particulars —|J.F] Amount | Date particulars 2009 2009 c 5,500 Jan.1_ | To Capital A/c 20,000 | Jan. 10 | By Rent A/C 20000 Jan. 22 | To Shyam afe 5,500 | Jan.31 | By Balance c/ 25,500 25,500 porn Feb.1 | By Balance b/d 25,500 | cr, Dr. Bank A/C a Date | Particulars |J.F] Amount | pate | Particulars — [J-F} Amount 2009 2009 c Jan.1 | To Capital A/c 50,000 | Jan.6 | By Investment A/ Jan. 20 Tosh are 1,000 | Jan.8 | ByRam A/c 20,000 Jan. 30 | To Dividend Jan. 18 | By Drawings A/c 1,200 ve jan. 27 | By Insurance Received A/e 2,000 | J Baa 1000 Jan. 30 | By Drawings A/c 3,000 Jan'31 | By Balance ¢/d 20,000 25,500 25,500 Feb.1_| By Balance b/d 25,500 IE Dr. __—Furniture A/C ce pate | Particulars |J.F[ Amount ] pate | Particulars F| Amount 2009 2009 Jan.1 | To Capital A/e 5,000 | Jan. 31 | By Depreciation A/d r 500 Jan. 31 | By Balance c/d 4,500] To Balance b/d 5,000 5,000 Feb.1 4,500 ICSE IX —_— wn 0 104Capital aye Cr. my lars |J.F] Amount Particula Date | Partic articulars .F] Amo m eae jars |J.F] Amount 009 a alance c/d 82,500 < To Bala ea By Cash A/c 20,000 = By Bank A/c 50,000 an. 1) By Furniture A/c 5,000 Jan.31 | By investment on Capital A/c 7,500 82,500 82,500 Feb.1_ | By Balance b/d 82,500 a Purchase A/C cr pae | Particulars [JF] Amount | pate | Particulars [pF] Amount ae 2009 | pn2 [ToRam A/c 10,000 _| Jan.31 [By Balance c/a 10,000 10,000 10,000 Feb.1._ |To Balance b/d 10,000 7 Ram A/C “3 pate | Particulars {J.F] Amount | pate | Particulars |J.F] Amount 2009 200° jn8 [To Bank A/e 9,500 | Jan.31 | By Purchase A/c 10,000 an 8 | To Discount 500 Received A/c Ta000 10,000, » Shyam A/C < Pate | Particulars — |J.F] Amount | pate | Particulars [J.-F] Amount 2009 2009 Jan | To Sales A/c 12,000 |jan.20 | By Bank A/e sod Jan. 22 | By Cash A/c Beon Jan. 22 | By Bad Debts A/c 5,000 ——= 12,000 12,000 3S rr ksDr. ce J Sales A/C D: particulars |/F] Amount ate | Particulars ]J.F] Amount | pate 2009 2009 A SIE Shyam A/e 12,000 Jan.31 [To Balance e7a 12,000] Jan. Roane 12,000 x dl 12.0 Feb. 1 | By Balance, 1_12,000 | Dr. Investment A/C ce .F] Amount Date | Particulars ]j.F] Amount | pate | nPantiware |! 2009 2009 Jan.6 |'To Bank A/e 20,000 | Jjan.31 [By Balance c/d | 20.000 | 20,000 | 20.000 | Feb.1_| To Balance b/d 20,000 1 Dr. Discount Received A/C Cr. pate | Particulars |J.F] Amount | pate | pPantigalayg | J-F | Amount 2009 2009 Jan.31 [To Balance b/d 500 | Jan 8 | ByRamA/c 500 500 500 Feb.1_| By Balance b/d 500 Dr. Rent A/C cr Particulars —|J.F/ Amount | pate | Particulars J.F} Amount 2009 ot Tan.10 |To Cash A/e 5500 | Jan.31 | By Batance b/d 5,500 5,500 5,500 Feb.1_| To Balance b/d 5,500 Dr. Loss by Fire A/C cr pate | Particulars |J.F| amount | pq 2009 } paae Particulars J.F | Amount Jan. 12 |To Goods Destroyed | all by fre A/e 500 | 231 | By Balance c/a 500 500 lance [== 500 To Balance b/d. 500 ICSE IX 106ee Goods Destroyed by tre A/c ‘ ame] Particulars PIF] Amo Ppa] ~ ate | Particula P| Amow a Pa culars —[j.F] Amount banat | ToBatance e/a) 500 | Jan, 12 [By loss by fire AJe 5 — 500 50 j—500_| 500 Leb. 1} By Balance b/d 500 7 Drawings a/c cn articulars .F} A pate | Par JF] Amount | pate | Particulars JF] Amou 2009 2009 To Goods withdraw ai by proprietor or A/C} zag _|'™3t [Py Balances “aoe By Bank A/c Tom By Bank A/C Dod 4,400 Tana ren.1 | By Balance b/d 4,400 a Goods withdrawn by Proprietor A/C cr. pate | Particulars |J.F] Amount | pate | Particulars [}F] Amount 2009 2009 jan.31 | To Balance b/d 200. | Jan. 14 [By Drwaing Aye 4,400 200 200 Feb.1 | By Balance c/d 200 Pa Bad Debts A/C = pate | Particulars J.F| Amount | pate | Particulars — |J.F} Amount 2009 2009 jan.22 | To Shyam Ae 5,500 | jan. 31 | By Balance c/d 5500 5,500 5,500 Feb.1 | To Balance b/d 5,500 Dr Advertisement A/C cr Toon pate | Particulars |J-F] Amount | pate | Particulars — |J-F] Amount 2009 2009 Jan.24 | To Goods distributed 300 | jan.31 [By Balance e/a 300 as free sample A/c a 300 300 Feb.1 | To Balance b/d 300Le Goods distributed as free sample A/C cr, .F] a Date | Particutars [hF] Amount | bare | Particulars | FF] Amount oe . 2009 T 300 Jan. 31 | To Balance e/d 300 | Jan. 24 by Advertisement are 300 300 ———! Feb.1 | By Balance b/d 300 ae Insurance Premium A/C cr. Date Particulars |J.F| Amount | pate | Particulars J.F} Amount |_2009 2009 | Jan. 22 [To Bank A/c 7,000 |Jan.31 | By Balance b/d 1,000 1,000 1,000 Feb.1 {To Balance b/d 1600 7,000 Dr. Dividend Received A/C Cr. Date Particulars J.F} Amount | pate Particulars J.F} Amount 2009 2009 Jan. 31 | To Balance ¢/d FQGOPitfyadBO | By Bank A/c 2,000 2,000 2,000 Feb.1 | By Balance b/d 2,000 Dr. Interest on Capital A/C cr Date | Particulars |J.F] Amount | pate | Particulars | J.F| Amount 2009 2009 Jan. 31 | To Capital A/c 7,500_|Jan.31 | By Balance b/d 7,500 7,500 7,500 Feb.1 | To Balance b/d 7,500 Dr Interest on Capital A/C ce pate | Particulars |J.F] amount | pate | Particulars |).F] Amount 2009 2009 Jan. 31 | To Furniture A/c 500 |Jan.31 | ByBalance b/a 500 }500_| 500 Feb.1 | To Balance b/d 500 ICSE IX 108rollowing are the balance and transa a7. Folin the journal and post of Tatlons of Bahadur Singh. Enter 2008 Rs. April Cash in hand April Bank 5,000 April Stock of goods 50,000 April Due to Raj Kumar 1,00,000 April Due from Sachin 6,250 April2__ Sold goods to Prem 5,750 April4 Cash Sales 25,000 April6 Sold to Naresh 10,000 April8—_ Bought from Ramlal 1,250 April 10 Sold goods to Sachin a7se April 12 Paid wages 2,500 April 14 Received from Prem poe April 16 Paid into Bank 25,000) April 18 Bahadur Singh look for private use oe April22,_ Sold goods to Shyamalal nase April 24 Bought goods of Rohan ees April 26 Wages paid maid April30_— Cash sales B00) ~Dr, Ans. In the books of Mr. Bahadur Singh Journal pata Particular L.F| Debit (3) | Credit (2) April | Cash in hand A/c 5,000 Bank A/c 50,000 Stock of Goods A/c 4,00,000 Sachin A/c 8,750 To Raj Kumar A/c 6250 To Capital A/e Dr 1,57,500 (Being the balances brought forward from last year) April2 | Prem A/c Dr 25,000 To Goods A/c 25,000 (Being goods sold to prem) April | Cash A/c Dr 10,000 To Sales A/c 10,000 (Being goods sold to prem) rr Kal a 7,250 1,250 om Td April 6 Naresh A/c To Goods A/e (Being goods sold on credit to Naresh} |} [ ___———~ 3, apriis | Goods A/c _Dr 3,750 ‘To Ramlal A/c Z| (Being goods purchased on credit) | = + 2,500 Aprilia | Sachin A/c Dr 2,500 ‘To Ramlal A/c (Being goods sold on credit) | —__ April12_ | Wages A/c Dr 500 500 To Cash A/e (Being wages paid) April14 Cash A/e Dr 15000 | ooo To Prem A/c (Being cash received from prem ) alae April16 | Bank A/c Dr 25,00 | 5,000 To Cash A/c b (Being cash paid into bank) Aprilig_ | Drawing A/c Dr 1,250 g Tecanaye 1,250 (Being cash used for private purpose) Dr 175001 7 500 Aprit22_ | Shyamlal A/c To Goods A/c (Being goods sold to Ram on credit) Goods A/c Dr 16,500 To Rohan A/c 16,250 (Being goods purchased on credit) Wages A/c Di 1 Dr To Cash A/c 70 (Being wages paid) ” April 24 April 26 Dr 3,600 Aprit30 | Cash Ae a To Goods A/c 3,600 (Being goods sold for cash) mI al pital 2,86,100 | 2,86,100 | a ————————— 110 ICSE IXCash A/c pf cr. 7. | Particulars |J.F| Amount | p, = pate ate | Particulars — |j.F] amount 3008 2008 ‘To Balance ¢/d 5,000 laprit ‘april pril 12 | By Wages A, 500 dpa |Toconds /¢ 10000 por tba ye 25000 april 14] To , Pril_ 18) By Drawings A, rt 30| TaGoods A/e 3,600 Japrit 26 | ay Wages ye a April 30 By Balance cfd 6.100 33,600 33,600 ay. 1 | To Balance c/a S.i00 De Goods A/c cr pate | Particulars [JF] Amount | pate | Particulars [JF] Amount 2008 2008 prt 1 [To Balance c/d 1,00,000 | Aprit 2 [By Prem A/e 25,000 april 8. | T0 Ramlal A/c 3,750 | April 4 | By Cash A/c 10,000 Japil 24} 70 Rohan A/c 16,250 | April 6 | By Naresh A/c 1.250 [April 10 | By sachin a/e 2500 April 22 | pyshyamtal Afe Pecan April 30 I By cash A/c By Balance c/a oom April 30 60,150 20,000 1,20,00 To Balance b/d May 1 / niet LC Dr. Bank A/C cr pate | Particulars [J.-F] Amount | pate | Particulars — |J-F] Amount 2008 2008 Apri 1 [To Balance b/a 50,000 [April 30] By Balance c/d ee April 16] To Cash Afe 25,000 75,000 May 1_|To Balance b/d 75,000 1 1 1Dr. sachina/C Date | Particulars -F] Amount | Date 2008 5 2008 Balance ¢/d 11,250 April 1 | To Balance b/d 8,750 April 30 By April 10] To Goods A/e 2,500 [an2e0] 11,250 == A ee fay1 | To Balance b/d 11250 Cr Dr. Rajkumar A/C Tala iculars -F] Amount Date | Particulars [.F] Amount | pate | Partict 2008 2008 id 6250 Jan. 30 | To Balance c/a 6250 | April | By Balance b/s | 6250 | 6.250 6250 eer May 1 [ByBalance b/d 250 Dr Capital A/C cr Date | Particulars JF] Amount] pate | Particulars — |J-F] Amount 2008 2008 JApril. 30 To Balance c/a 157.500 | Aprilt. | By Balance b/d 1.57500 1,57,500 1,57,500 May1_| By Balance b/d 157,500 Dr Prem A/C cr. Date | Particulars J.F| Amount | pate | Particulars J.F| Amount 2008 2008 April.2 [To Goods A/¢ 25,000 [April 4 | By Cash A/c 15,000 JApril 30 | By Balance c/d 10,000 25,000 25,000 May 1 |To Balance b/d 10,000 Dr. resh A/C cr Date | Particulars J.-F] Amount | pate Particulars J.F} Amount 2008 2008 ‘April.6 | To Goods A/c 1.250 | April 30] By Balance c/d To Balance b/d sex 112Ramlal a/c ° 0 stieulars— J.F|Am Poae | Pai fount | Date | Particulars |J.F|Amount a8 2008 | 2008 | Balance ¢/d 3,7 ‘ pit 907° 50 | April 8 [By Goods A/e 3,750 3,750 | 2750 | 3,750) May 1 [By Balance b/d alance b/d 3,750 [| 4 y a 2 eaters F|Amoune | = Sr pate | Parti -FlAmount | Date | Particulars [g.F [Amount 3008 2008 Tau 12| To cash A/e 500 {ay wil 12] To Ca }00 JApril 30) By Balance c/d 2% 26] To Cash A/c 750 I a 1,250 Taso yay 1 [To Balance b/a 1,250 = Drawings A/C cr. pate] Particulars [J.F[Amount | Date | Particulars |s.F]Amount 2008 2008 pit 18| To Cash A/e 1,250 |Aprit 30] By Balance c/d 1,250 1,250 7,250 May 1 [To Balance b/d 1,250 ; Shyamlal A/C cr. Date | Particulars |J.F[Amount | Date | Particulars |J.F[Amount 2008 2008 aprit 22| To Goods A/e 17,500 | April 8 [By Balance c/d 17,500 17,500 17,500] May 1 [To Balance b/d 17,500 Dr. Rohan A/C cr. Date | Particulars |J.F[Amount | Date | Particulars |J.F|Amount 2008 2008 April 30] To Balance c/a 16,250 | aprit 8 [By Géods A/c 16,250 May 1 [By Balance b/doeeneneeenenEEeEEEE® ic from the followin g transactions ; 20,009 12,509, Commenced business with Jan. 1 Jan. 3 Brought goods for cash Jan. 5 Sold goods for cash Jan. 7 Received cash from Anand J lan. 10 Paid into bank Jan. 14 Paid cash to Rakesh Jan. 15 Sold goods for cash cash Jan. 18 Paid for stationery e Jan, 20 Paid for office furniture 62.50 Jan, 22 Received from Kishan 1,700 Jan. 24 Paid for advertising 225 Jan. 27 Purchased postage stamps 20 Jan, 29 Paid rent 280 Jan. 31 Paid electricity charges 37.50 Ans. Dr. Cash Book cr, Date | Particulars JAmount | Date | Particulars |L [Amount] 2008 2008 F jJan.1 | To Capital A/e 20,000} Jan.3 | By Purchase A/e lJan.S | To Sales A/c 250| Jan.10| By Bank A/c Jan.7 | To Anand A/e 900] Jan.14] By Rakesh A/e Jan.15| To Sales A/c 3,750] Jan.18} By Stationery A/c} Jan.22| To Kishan A/e 1,700] Jan.20| By Furniture A/c Jan.24] By Advertisement Ale Jan.27| By Postage stamp A/c Jan.29] By Rent A/c Jan.31} By Electricity charges Jan.31] By Balance ¢/d 26,600 Feb. 1 | To Balance b/d 503029. Prepare a Simple Cash Book from the following transactions : 2007 Rs. July, 1 Cash in hand 4,000 July, 4 Paid for postage 1S July, 6 Sold goods to Sohan on credit 3,000 July, 8 Cash sales 1,200 July, 10 Deposited cash into bank 900 July, 12 Received from Mohan 1,500 July, 14 Purchased stationery 75 July, 16 Received cash from Rohan 900 July, 18 Purchased goods from Lalaram 3,000 July, 20 Purchased goods from Premlal for cash 900 July, 22 Paid salary 1,200 July, 23 Paid travelling expenses 300 July, 25 Cash sales 750 July, 26 Paid to Lalaram 300 July, 27 Paid rent by cheque 900 July, 28 Sold goods of erédit to Rahim 1,500 July, 29 Purchased goods from Rashid on credit 730 July, 30 Cash purchases 600 July, 31 Cash sales 1,00 Ans. Dr. Cash Book cr. Date | Particulars | L [Amount| Date| Particulars | L [Amount 2007 : F 2007 F Jul 1 | To Balance b/d 4,000} Jul. ¢ | By Postage A/c 15 Jul. 8 | To Sales A/e 1,200) Jul.10] By Bank A/c 900 JJul.12 | To Mohan A/e 1,800] Jul.14] By Stationery A/¢ 75 JJul.16 | To Rohan A/c 900] Jul.20] By Purchase A/c 900 JJul.25 | To Sales A/c 750] Jul.22| By Salary A/e 1,200 jJul.31 | To Sales A/c 1,500] Jul.23] By Travelling expenses A/e 300 Jul.26 | By Lalaram A/c 300 Jul.30| By Purchases A/c] 600 Jul.31] By Balance ¢/d 5,560 9,850 9,850 Augt.1| To Balance b/d 5,560| CSEIX 115discount column, ith n Book 30. Enter the following transaction in Cas} ml 2005 7,500 2,000 August, 1 Cash in hand ‘August, 3 Purchased goods 1,500 August, 5 Paid to Dass 50 4,900 Discount allowed by him August, 7 — Received from Chaudhary 100 Discount allowed 2,000 August, 15 Sold goods 1,475 August, 20 Paid to Kapoor 25 Discount received 250 August, 25 Paid wages . August, 31 Paid to Mehra in full settlement of his 1.950 account of Rs. 2,000 : Ans. ‘Cash Book Dr. ‘| cr. Date | Particulars | cash poiseount} Date] Particulars IL] Cash| Discount 2005 2007) F) Aug. i [To Balance b/d | 7,500} ~ |aug.3 |By Purchase A/c} | 2,000 > Aug. 7 {fo Chaudhary | | 4,900} 100 JAug.S |By Das A/c 1,500 sO. Ale JAug.20| By Kapoor A/c 1,475 25 |Aug.15|To Sales A/c 2,000} - |aug.25|By Wages A/e 250 = |Aug.31|By Mehra A/c 1,950 50 Aug.31|By Balance c/d | | 7,225 14,400) 34,400 Sept.1 To Balance b/d | 7,22 —_——_____—|.sS@u—MAa—una9@_—— ICSE IXgi. Prepare a Trial Balance from the following balances : Rs. Rs. ‘ash in hand ashi bare aaa ities Equipment go,an0 . lotor Stock on 1.11999 3,10,000 Loan fron Bank 1'50,000 Purchases 7,00,000 Interest on Loan 13,500 Sales 11,50,000 Discount allowed 12,000 Sundry Debtors 4,30,000 Discount Received 8,000 Sundry Creditors 2,15,000 Provision for bad debts 15,000 Fumiture & Fixtures 1,07,000 Purchase Returns 13,000 Land & Buildings 3,00,000 Sales Returne 21,000 Salaries 55,000 Rent, Rates & Taxes 38,000 Freight on purchases 6,000 Carriage outwarde 10,000 Printing and Stationery 9,000 insurance Premium 27,500 Bad Debts 10,000 Drawings 60.000 Motor car Expenses 18,000 Electricity charge 11,000 General Expenses 15,000 Capital 8,10,000 Bank charges %,000 Ans. In the books of Trial balance as on Particulars Debit (%) | Particulars Credit (2) Cash in hand 7,000 Sales 11,50,000} Cash at Bank 13,000] Sundry creditors 2,15,000 Stock on 1.1.1999 | 3,10,000 Loan from Bank 1,50,000, Purchase 7,00,000 Discount received 8,000 Sundry Debtors 430,000] Provision for B.debts 15,000 Furniture & Fixture] 1,07,000 Purchase Return 13,000 Land & Building 3,00,000] Capital 8,10,000 Salaries 55,000, Freight on purchas 6,000, Printing & stationery 9,000 Bad debts 10,000 Motorcar Expenses | 18,000 General Expenses 5,000 Bank charges 8,000 Office Equipment 80,000s Motor car 1,00,000 Interest on loan 13,500 Discount Allowed 12,000 Sales Return 21,000 Rent, Rates & Taxes| 38,000 Carriage outwards 10,000, Insurance Premium] — 27,500 Drawings 60,000) Electricity charge 11,000 23,61,000 23,61,000 SEIX 147Ans. ICSE IX 32. The following balance were extracted from the boo! a Trial Balance. Rs. Opening Stock 5,000 Debtors 15,000 Capital 1,00,000 Carriage Inward 10,000 Interest received 10,000 Trade Expenses 10,000 Investments 25000 Sales 1,00,000 Creditors 7,300 Returns Inward 10,000 Carriage outward 5,000 Bad debts Wages . Plant & Machinery Purchases Drawings Returns outward Discount allowed Provision for bad del Goodwill Loan In the books of ________— yes of a trader. Prepare Rs. 2,500 25,000 25,000 75,000 7,500 5,000 2,500 5,000 15,000 5,000 bts ‘Trial balance as on Particulars Debit (%) Particulars Credit (2) Opening stock 5,000 | Capital 1,00,000 Debtors 15,000 | Interest received 10,000 Carriage Inward 10,000 | Sales 1,00,000 Trade Expenses 10,000 Creditors 7,500 Investment 25,000 | Return outward 5,000 Return Inward 10,000 } Provision for B.Debts 5,000 Carriage outward 5,000 Loan 5,000 Bad debts 2,500 Wages 25,000 Printing & stationery} 25,000 Purchases 75,000 Drawings 7,800 Discount allowed 2,500 Goodwill 15,000 2,32,500 2,32,500 118Ans. TSE IX Prepare a Trial Balance from the following particulars. Rs. Rs. Capital 90,000 | Drawings 9,000 Plant & Machinery 36,000 | Advances (Dr.) 6,000 Cash 3,600 | Debtors 63,000 Stock 1,72,800 | Bills Payable 21,600 Wages 50,600 | Railway charges 900 Sales 4,50,000 | Return Inward 1,800 Discount on purchases 7,200 | Discount on Sales 9,000 Bad debts 1,000 | Audit fees 2,000 Office Expenses 8,000 | Advertisement 7,000 Travelling Expenses 7,000 | Interest on overdraft 360 Investments 10,800 | Patents 6,000 Creditors 41,940 | Bank of India (Cr.) 7,200 Purchases, 2,16,000 | Repairs 2,400 Income tax 900 | Freight 500 Provision for bad debts 9,000 | Rent 3,580 In the books of Trial balance as on Particulars Debit (%) Particulars Credit (2) Plant & Machinery | 36,000 | Capital 90,000 Cash 3,600 | Sales 4,50,000 Stock 1,72,800 | Discount on Wages 50,600 | purchases 7,200 Bad debts 1,000 | Creditors 41,940 Office Expenses 8,000 | Provision for bad Travelling Expenses] 7,000 | debts 9,000 Investments 10,800 | Bills Payable 21,600 Purchases 2,16,000 | Bank of India (Cr.) 7,200 Income tax 900 Drawings 9,000 Advances (Dr.) 6,000 Debtors 63,000 Railway charg ‘900 Return Inward 1,800 Discount on Sales 9,000 Audit fees 2,000 Advertisement 7,000 Interest on overdraft 360 Patents 6,000 Repairs 2,400 Freight 500 Rent 3,580 626940 626940 119oks of Dheeraj Kumar, 34. The following balances are extracted from the bo Prepare a Trial Balance. Rs. °. Bey sawing 12,000 ‘apital 48,000 rawings ,02,000 Sundry Creditors 6,000 | Sundry Debtors 7 pret Bills Receivable 10,000 | Loan to Sant Li 94,000 Fixtures & Fittings 9.000 | Land & Buildings aoa Cash at Bank 25,000 | Bank Loan toms 2.000 Duty & Clearing Charges 7,000 | Return from Customs ieee Returns to creditors 2,200 | Rent fl 000 Travelling Expenses 4,000 | Discount Receives 8-000 Purchases 1,00,000 | Bills Payable 1.800 Sales 2,56,000 | Cash in hand eens Salaries 19,000 | Commission Trade Expenses 1000 Ans. In the books of _____ Trial balance as on Particulars Debit (%) Particulars Credit (2) Bills Receivable 10,000 | Capital 48,000 Fixtures & Fittings | 9,000 | Sundry Creditors 6,000 Cash at Bank 25,000 | Returns to creditors 2,200 Duty & Clearing Sales 2,56,000 charges 7,000 } Bank Loan 12,000 ‘Travelling Expenses| 4,000 | Discount Received 8,000 Purchases 1,00,000 | Bills Payable 8,000 Salaries 19,000 Trade Expenses 1,000 Drawings 12,000 Sundry Debtors 1,02,000 Loan to Sant Lal 20,000 Land & Buildings 94,000 Returns from Customs 2,000 Rent 4,000 Cash in hand 1,800 Commission 9,400 13,40,200 3,40,200 ICSE IX 120