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Ledger Is The Main Book of Accounts. It Is The
Ledger Is The Main Book of Accounts. It Is The
1
The ruling of each account in ledger is as follows
Dr Cr
Date Particulars F. Amount Date Particulars F. Amount
Balancing procedure:-
2
Step-5:-
Now total both the sides of the account. These total should be
written on equal level. A single line should be drawn above each
total and double line immediately beneath each total. The balance
thus written on the smaller side of the account and is called closing
baance.
Step-6:-
Finally the debit balance should be brought down to the debit side
by writing “To balance c/d” in a particular column. In the date
column the next date is written. In case of credit balance “By
balance b/d” is written in the particular column.
Step-7:-
The total in the amount column on both the sides must be shown
horizontally.
3
SOLUTION:-
JOURNAL ENTRIES
4
Wages A/c Dr. 50
Rent A/c 350
To Cash A/c (Being amount paid )
Jan. 31 200 550
LEDGER:-
CAPITAL ACCOUNT
1995
Jan. 1 By cash A/c
Rs.
10,000
1995
Jan. To Naresh 20
20
5
NARESH
CASH ACCOUNT
BANK ACCOUNT
6
1995
Jan. 2 To Cash A/c 9,000 1995 By machinery 5,000
To Naresh A/c 930 Jan. 3 By Naveen 1,750
MACHINERY ACCOUNT
1995
Jan. 3 To Bank A/c 5,000
Jan. 15 To Cash A/c 100
NAVEEN
1955 1955
Jan. 29 To Bank A/c 1,750 Jan. By Purchase 1,800
Jan. 29 To Discount 50 20 A/c
A/c
PURCHASE ACCOUNT
7
Date Particulars J.F. Amount Date Particulars J.F. Amount
1995
Jan. 23 To Purchase Rs.
A/c 500
SALES ACCOUNT
1995
Jan. By Naresh Rs. 950
25
1995
Jan. By Naveen 50
25
RENT ACCOUNT
8
Date Particulars J.F. Amount Date Particulars J.F. Amount
1995
Jan. 31 To Cash A/c 200
WAGES ACCOUNT
1995
Jan. 31 To Cash A/c 350
CONCLUSION:-