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The document outlines a series of financial transactions for a business, detailing debits and credits across various accounts including cash, machinery, purchases, and sales. It includes entries for starting capital, purchases with discounts, sales on credit, and expenses such as advertisements and stationery. The total debits and credits are summarized, indicating the financial activities over the specified period.

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18 views13 pages

Problems

The document outlines a series of financial transactions for a business, detailing debits and credits across various accounts including cash, machinery, purchases, and sales. It includes entries for starting capital, purchases with discounts, sales on credit, and expenses such as advertisements and stationery. The total debits and credits are summarized, indicating the financial activities over the specified period.

Uploaded by

dypsemtpo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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L.F.

Date Particulars Debit


No.
Jul-01 Cash A/C -----------------------------------------------------------------Dr. 15,000

Machinery A/C -----------------------------------------------------------Dr. 20,000


To Capital A/C
(Being business started with cash and machinery)
4 Purchases A/C -----------------------------------------------------------Dr. 9,000
To Cash A/C
To Discournt Received A/C
(Being goods purchase on cash and 10% cash discount earned)
9 Amar's A/C --------------------------------------------------------------Dr. 3,000
To Sales A/C

(Being goods sold to amar on credit)


12 Advertisement A/C -------------------------------------------------------Dr. 700
To Goods distributed as free sample A/C
(Being good distributed as free sample to the people)
14 Stationery A/C -----------------------------------------------------------Dr. 550
To Cash A/C
(Being stationery purchased and cash paid)
18 Cash A/C ----------------------------------------------------------------Dr. 950
To Bad debts revovery A/C
(Being bad debts recovered from dhanshree)

21 Purchases A/C -----------------------------------------------------------Dr. 3,000


To Abhiram's A/C
(Being goods purchase on credit from Abiram)
24 Abhiram's A/C -----------------------------------------------------------Dr. 3,000
To Cash A/C
To Discount Received A/C
(Being cash paid and discount earned)
27 Furniture A/C ------------------------------------------------------------Dr. 2,500
To Cash A/C
(Being good exchanged agianst furniture)

31 Cash A/C ----------------------------------------------------------------Dr. 5,000


Drawing A/C -------------------------------------------------------------Dr. 3,000
To Bank A/C
Total 65,700

Particulas Debit
Cash A/c 6,950
Mcahinery A/C 20,000
Capital

Purchases 12,000
Discount received A/C
Aman's A/C 3,000
Sales A/C
Adversitment A/C 700
Goods distr. Free sample
stationery 550
bad debts recovery A/C
furniture 2,500

Draing A/C 3,000


Bank A/C

48,700
Credit
Cash A/C
J.F.
Date Particulars Amount Date
No.
35,000 Jul-01 To Capital A/C 15,000 4
18 To Bad Debts Recovery A/C 950 14
31 To Bank 5,000 24
8,100 27
900
20,950
To Balance b/d 6,950.00
3,000 Machinery A/C
J.F.
Date Particulars Amount Date
No.
Jul-01 To Capital A/C 20,000
700

550 20,000
To Balance b/d 20,000

950
Capital A/C
J.F.
Date Particulars Amount Date
No.
3,000 Jul-01
1

2,850 To Balance c/d 35,000


150 35,000

2,500
Purchases A/C
J.F.
Date Particulars Amount Date
No.
4 To Cash A/C 8,100
8,000 To Discount Received A/C 900
65,700 21 To Abhiram's A/C 3,000

12,000
Credit To Balance b/d 12,000

35,000 Discount Received A/C


J.F.
Date Particulars Amount Date
No.
1050 4
24
3,000
To Balance c/d 1050
700 1050

950
Aman's A/C
J.F.
Date Particulars Amount Date
No.
8,000 9 To Sales A/C 3,000

48,700

3,000
To Balance b/d 3,000

Sales A/C
J.F.
Date Particulars Amount Date
No.
9
sh A/C
J.F.
Particulars Amount Date
No.
By Purchases A/C 8,100 12
By Stationery A/C 550
Abhiram's A/C 2,850
By Furniture A/C 2,500
By Balance c/d 6,950
20,950

inery A/C Goods


J.F.
Particulars Amount Date
No.

By Balance c/d 20,000


20,000

tal A/C
J.F.
Particulars Amount Date
No.
By Cash A/C 15,000 14
By Machinery A/C 20,000

35,000
To Balance b/d 35,000

ases A/C
J.F.
Particulars Amount Date
No.
By Balance c/d 12,000
12,000

Received A/C
J.F.
Particulars Amount Date
No.
By Purchases A/C 900 24
By Abhiram's A/C 150 24

1050
By Balance b/d 1050

n's A/C
J.F.
Particulars Amount Date
No.
27

By Balance c/d 3,000


3,000

es A/C
J.F.
Particulars Amount Date
No.
By Aman's A/C 3,000 31

Date
Advertisement A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
To Goods distr. As free sample 700

Goods Distributed as free sample A/C


J.F. J.F.
Particulars Amount Date Particulars
No. No.
12 By Advertisement A/C

Stationery A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
To Cash A/C 550

Bad Debts recovery A/C


J.F. J.F.
Particulars Amount Date Particulars
No. No.
18 By Cash A/C
Abhiram's A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
To Cash A/C 2,850 21 By Purchases A/C
To Discount Received A/C 150

Furniture A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
To Cash A/C 2,500

Drawing A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
To Bank A/C 3,000

Bank A/C
J.F. J.F.
Particulars Amount Date Particulars
No. No.
31 By Cash A/C
31 By Drawing A/C
Amount

Amount
700

Amount

Amount
950
Amount
3,000

Amount

Amount

Amount
5,000
3,000

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