ACCOUNTANCY (Group 3)
From the following transactions prepare journal entry, post
them to ledger accounts and prepare trial balance
2023
April 1.Commenced business with cash ₹50,00,000
2.purchased furniture ₹100000
2.purchased land ₹75000
4.purchased building ₹150000
5.bought goods worth ₹175000
6.bought goods from Ramesh ₹50000
7.deposited into bank ₹500000
7.gave a loan to sumesh ₹100000
7.sold goods for cash ₹25000
10.rent paid ₹1500
15.paid for printing and stationary ₹5000
16.goods taken for personal use ₹5000
16.goods given as free samples ₹3000
18.commissions received ₹10000
20.cash withdrawn from bank for office use ₹100000
21.sold goods for ₹50000
22.sold goods to Thomas ₹15000
24.goods returned to Ramesh ₹10000
24.rent received ₹6000
24.advertisement expenses paid ₹50000
27.bank charges ₹50
28.wages paid to labourers ₹5000
30.depreciation on building ₹10000
MAY 1.intrest received ₹5000
5.cash paid to Ramesh ₹25000
6.cash received from Thomas ₹3000
7.goods lost by fire ₹10000
8.sold goods to arun ₹20000
10.received cheque from arun ₹10000
12.arun’s cheque deposited into bank
13.arun’s cheque returned dishonoured
14.purchased goods from David ₹100000 and paid by cheque
14.withdrawn from bank ₹25000
17.additional capital as cash ₹500000
18.purchased motor vehicle ₹1000000
20.paid to Ramesh ₹35000 in full settlement of his a/c ₹40000
21.received cash from Thomas ₹4500 in full settlement of his a/c ₹5000
22.took a loan from bank ₹200000
22.cash received from sumesh ₹50000
23.received payment for annual magazine subscriptions ₹12000
24.dividents received from investments ₹5000
26.sold goods to joyel ₹15000
26.received a cheque from joyal
27.joyal’s cheque sent to bank for collection
27.bank overdraft taken ₹50000
28.purchased goods from mohan and paid by cheque ₹40000
30.salaries paid ₹30000
31.purchased goods from vivek ₹10000
31.cash paid to vivek ₹5400
31.bank loan repayed ₹100000
