Transaction Set (5 Transactions)
Started business with cash Rs.50,000, furniture Rs.20,000, stock Rs.30,000, and
deposited Rs.40,000 in the bank.
Purchased goods worth Rs.25,000: paid Rs.10,000 in cash, and Rs.15,000 on
credit from Ramesh & Co.
Sold goods worth Rs.35,000: received Rs.20,000 in cash, Rs.15,000 on credit
from Mahesh.
Paid salaries Rs.10,000, rent Rs.5,000, and electricity Rs.2,000.
Withdrew Rs.5,000 cash and Rs.2,000 goods for personal use.
📚 1. Journal Entries
Date Particulars Debit (Rs.) Credit (Rs.)
01-Apr Cash A/c Dr. 50,000
20,000
Furniture A/c Dr.
30,000
Stock A/c Dr.
40,000
Bank A/c Dr.
1,40,000
To Capital A/c
(Being capital introduced)
02-Apr Purchases A/c 25,000
Dr.
To Cash A/c 10,000
To Ramesh & Co. 15,000
(Being goods purchased partly cash)
03-Apr Cash A/c Dr. 20,000
Mahesh A/c Dr. 15,000
To Sales A/c 35,000
(Being goods sold for cash & credit)
04-Apr Salaries A/c 10,000
Dr.
Rent A/c Dr. 5,000
Electricity A/c Dr. 2,000
To Cash A/c 17,000
(Being expenses paid in cash)
05-Apr Drawings A/c 7,000
Dr.
To Cash A/c 5,000
To Stock A/c 2,000
(Being cash & goods withdrawn)
📘 2. Ledger Accounts (Summarized)
Cash A/c
Date Particulars Dr (Rs.) Cr (Rs.)
01-Apr Capital A/c 50,000
03-Apr Sales A/c 20,000
02-Apr Purchases A/c 10,000
04-Apr Expenses A/c 17,000
05-Apr Drawings A/c 5,000
Total 70,000 32,000
Bank A/c
Date Particulars Dr (Rs.) Cr (Rs.)
01-Apr Capital A/c 40,000
Furniture A/c
Date Particulars Dr (Rs.) Cr (Rs.)
01-Apr Capital A/c 20,000
Stock A/c
Date Particulars Dr (Rs.) Cr (Rs.)
01-Apr Capital A/c 30,000
05-Apr Drawings A/c 2,000
Purchases A/c
Date Particulars Dr (Rs.) Cr (Rs.)
02-Apr Cash/Ramesh 25,000
Sales A/c
Date Particulars Dr (Rs.) Cr (Rs.)
03-Apr Cash/Mahesh 35,000
Ramesh & Co. A/c
Date Particulars Dr (Rs.) Cr (Rs.)
02-Apr Purchases A/c 15,000
Mahesh A/c
Date Particulars Dr (Rs.) Cr (Rs.)
03-Apr Sales A/c 15,000
Drawings A/c
Date Particulars Dr (Rs.) Cr (Rs.)
05-Apr Cash/Stock A/c 7,000
📊 3. Trial Balance as on 05-April-2024
Account Name Debit (Rs.) Credit (Rs.)
Cash A/c 38,000
Bank A/c 40,000
Furniture A/c 20,000
Stock A/c 28,000
Purchases A/c 25,000
Mahesh A/c 15,000
Salaries A/c 10,000
Rent A/c 5,000
Electricity A/c 2,000
Drawings A/c 7,000
Ramesh & Co. A/c 15,000
Sales A/c 35,000
Capital A/c 1,40,000
Totals 1,90,000 1,90,000
