2.

LEDGER POSTING

2.1 Journalise the following transactions, Post them in the ledger and extract the trial balance of
V Ltd.
1.8.21 V commenced business with furniture Rs.2,000, Stock Rs.12,000 and
Cash Rs.6,000
2.8.21 Purchased from Satya Rs.12,000
3.8.21 Sold goods for cash Rs.6,000
4.8.21Returned goods to Satya Rs.1,400
5.8.21 Purchased goods for cash Rs.6,000
6.8.21 Sold goods to Anand Rs.8,000
7.8.21 Anand returned goods Rs.1,200
8.8.21 Paid cash to Satya Rs.4,120 and he allowed us discount Rs.80
9-8-21 Sold goods to Balaji Rs.5,200
10-8-21Received cash from Anand Rs.2,160 and allowed him discount Rs.50
11-8-21 Purchased stationery Rs.600
12-8-21 Received cash from Balaji Rs.3,200
13-8-21 Sold old furniture for cash Rs.200
14-8-21 Paid commission Rs.2,000
25-8- 21 V withdrew cash Rs.200
26-8-21 Postage stamps purchased Rs.100
27-8-21Received cash from Balram Rs.2,000
30-8-21 Paid salary Rs.1,800 and office rent Rs.600

Journal entries in the books of V Co Ltd.

Date Particulars L. F. No Dr. [Rs.] Cr. [Rs.]
1-8-21 Furniture A/c Dr. 2,000 ---
Stock A/c Dr. 12,000 ---
Cash A/c Dr. 6,000 ---
To Capital A/c 20,000
[Being V commenced business with furniture, stock
and as cash]
2-8-21 Purchases A/c Dr. 12,000 ----
To Satya A/c. ---- 12,000
[Being goods purchased from Satya for credit]
3-8- 21 Cash A/c Dr. 6,000 ----
To Sales A/c. ---- 6,000
[Being goods sold for cash]
4-8-21 Satya A/c Dr. 1,400 ----
To Purchase Return A/c ---- 1,400
[Being purchased goods returned to Satya]
5-8- 21 Purchases A/c Dr. 6,000 ----
To Cash A/c ---- 6,000
[Being goods purchased for cash]
6-8- 21 Anand A/c Dr. 8,000 ----
To Sales A/c ---- 8,000
[Being goods sold to Anand]
7-8- 21 Sales Return A/c Dr. 1,200 ----
To Anand A/c. ---- 1,200
[Being sold goods returned by Anand]
8-8- 21 Satya A/c Dr. 4,200 ---
To Cash A/c --- 4,120
To Discount received A/c. --- 80
[Being cash paid to Satya and Discount received]
9-8-21 Balaji A/c Dr. 5,200 ----
To Sales A/c ---- 5,200
[Being goods sold to Balaji]
10-8-21 Cash A/c Dr. 2,160 ---
Discount Allowed A/c Dr. 50 ---
To Anand A/c ---- 2,210
[Being cash received and discount allowed to anand]
11-8-21 Stationery A/c Dr. 600 ----
To Cash A/c ---- 600
[Being stationery purchased for cash]
12-8- 21 Cash A/c Dr. 3,200 ----
To Balaji A/c ---- 3,200
[being cash received from Balaji]
13-8-21 Cash A/c Dr. 200 ----
To Furniture A/c. ---- 200
[Being furniture sold for cash]
14-8-21 Commission A/c Dr. 2,000 ----
To Cash A/c. ---- 2,000
[Being commission paid in cash]
25-8-21 Drawings A/c dr. 200 ----
To Cash A/c ---- 200
[Being V withdrawn cash for personal use]
26-8-21 Postage Stamps A/c Dr. 100 ----
To Cash A/c ---- 100
[Being stamps purchased for cash]
27-8-21 Cash A/c Dr. 2,000 ----
To Balram A/c ---- 2,000
[Being cash received from Balram]
30-8-21 Salary A/c Dr 1,800 ---
Office Rent A/c Dr. 600 ---
To Cash A/c ---- 2,400
[Being salary and Office rent paid in cash]
31-8-21 Total 76,910 76,910
 Ledger Accounts of V Co. Ltd
Dr. Cash A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
1-8-21 To Capital A/c 6,000 5-8-21 By Purchases A/c 6,000
3-8-21 To Sales A/c 6,000 8-8-21 By Satya A/c 4,120
10-8-21 To Anand A/c 2,160 11-8-21 By Stationery A/c 600
12-8-21 To Balaji A/c 3,200 14-8-21 By commission A/c 2,000
13-8-21 To Furniture A/c 200 25-8-21 By Drawings A/c 200
27-8-21 To Balram A/c 2,000 26-8-21 By P. Stamps A/c 100
30-8-21 By Salary A/c 1,800
30-8-21 By Rent A/c 600
31-8-21 By Balance C/d 4,140
19,560 19,560
1-9-21 To Balance B/d 4,140

Dr. Stock A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
1-8-21 To Capital A/c 12,000
31-8-21 By Balance C/d 12,000
12,000 12,000
1-9-21 To Balance B/d 12,000

Dr. Furniture A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
1-8-21 To Capital A/c 2,000 13-8-21 By Cash A/c 200
31-8-21 By Balance C/d 1,800
2,000 2,000
1-9-21 To Balance B/d 1,800

Dr. Capital A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
1-8-21 By Cash A/c 6,000
1-8-21 By Stock A/c 12,000
1-8-21 By Furniture A/c 2,000
31-8-21 To Balance C/d 20,000
20,000 20,000
1-9-21 By Balance B/d 20,000
Dr. Purchases A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
2-8-21 To Satya A/c 12,000
5-8-21 To Cash A/c 6,000
31-8-21 By Balance C/d 18,000
18,000 18,000
1-9-21 To Balance B/d 18,000

Dr. Satya A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
4-8-21 To Purchase 1,400 2-8-21 By Purchases A/c 12,000
Return A/c
8-8-21 To Cash A/c 4,120
8-8-21 To Discount
received A/c 80
31-8-21 To Balance C/d 6,400
12,000 12,000
1-9-21 By Balance B/d 6,400

Dr. Sales A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
3-8-21 By Cash A/c 6,000
6-8-21 By Anand A/c 8,000
9-8-21 By Balaji A/c 5,200
31-8-21 To Balance C/d 19,200
19,200 19,200
1-9-21 By Balance B/d 19,200

Dr. Cr.
Purchase Return A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
4-8-21 By Satya A/c 1,400
31-8-21 To Balance C/d 1,400
1,400 1,400
1-9-21 By Balance B/d 1,400

Dr. Anand A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
6-8-21 To Sales A/c 8,000 7-8-21 By Sales Return A/c 1,200
10-8-21 By Cash A/c 2,160
10-8-21 By Discount
Allowed A/c 50
31-8-21 By Balance C/d 4,590
8,000 8,000
1-9-21 To Balance B/d 4,590

Dr. Sales Return A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
7-8-21 To Anand A/c 1,200
31-8-21 By Balance C/d 1,200
1,200 1,200
1-9-21 To Balance B/d 1,200

Dr. Discount Received A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
8-8-21 By Satya A/c 80
31-8-21 To Balance C/d 80
80 80
1-9-21 By Balance B/d 80

Dr. Balaji A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
9-8-21 To Sales A/c 5,200 12-8-21 By Cash A/c 3,200
31-8-21 By Balance C/d 2,000
5,200 5,200
1-9-21 To Balance B/d 2,000

Dr. Stationery A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
11-8-21 To Cash A/c 600
31-8-21 By Balance C/d 600
600 600
1-9-21 To Balance B/d 600
Dr. Discount Allowed A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
10-8-21 To Anand A/c 50
31-8-21 By Balance C/d 50
50 50
1-9-21 To Balance B/d 50

Dr. Commission A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
14-8-21 To Cash A/c 2,000
31-8-21 By Balance C/d 2,000
2,000 2,000
1-9-21 To Balance B/d 2,000

Dr. Drawings A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
25-8-21 To Cash A/c 200
31-8-21 By Balance C/d 200
200 200
1-9-21 To Balance B/d 200

Dr. Postage Stamps A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
26-8-21 To Cash A/c 100
31-8-21 By Balance C/d 100
100 100
1-9-21 To Balance B/d 100

Dr. Balram A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
27-8-21 By Cash A/c 2,000
31-8-21 To Balance C/d 2,000
2,000 2,000
1-9-21 By Balance B/d 2,000
Dr. Salary A/c Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
30-8-21 To Cash 1,800
31-8-21 By Balance C/d 1,800
1,800 1,800
1-9-21 To Balance B/d 1,800

Dr. Rent A/c Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
No. [Rs.] No. [Rs.]
30-8-21 To Cash A/c 600
31-8-21 By Balance C/d 600
600 600
1-9-21 To Balance B/d 600

Trial balance of V Co Ltd. as on 31-08-2021

S.No. Name of the Account L. F. No. Dr. [Rs.] Cr. [Rs.]
1 Cash A/c 4,140 ----
2 Stock A/c 12,000 ---
3 Furniture A/c 1,800
4 Capital A/c ---- 20,000
5 Purchases A/c 18,000 ----
6 Satya A/c ---- 6,400
7 Sales A/c ---- 19,200
8 Purchase Return A/c ---- 1,400
9 Anand A/c 4,590 ----
10 Sales Return A/c 1,200 ----
11 Discount Received A/c ---- 80
12 Balaji A/c 2,000 ---
13 Stationery A/c 600 ---
14 Discount Allowed A/c 50 ---
15 Commission A/c 2,000 ---
16 Drawings A/c 200 ---
17 Postage Stamps A/c 100 ---
18 Balram A/c --- 2,000
19 Salary A/c 1,800 ---
20 Rent A/c 600 ---
Total 49,080 49,080