Solutions Journal

SUM 2
In the books of Sunil Tare

Journal entries
For the month of January 2016
Date Particular L/F Debit₹ Credit₹
1 Building A/c dr 100000
To Sunils Capital A/C 100000
(Being started business with
Building)
3 Samirs A/C Dr 4200

To Sales A/C 4200
(Being Goods sold to sameer on
credit)
5 Cash A/C dr 25000

To HDFC Loan A/C 25000
(Being Loan Taken From HDFC
Bank)
7 Purchases A/c Dr 2800

To Suresh A/c 2800
(Being goods purchased from
suresh)
10 Octroi A/C Dr 350

To Cash A/C 350
(Being octroi duty paid to sushil
13 Suresh A/c Dr 1800

To Cash A/c 1800
( Being cash remitted to suresh

in part payment of his dues)
15 Returns inward A/C Dr 200

To Samirs A/c 200
( Being defective goods received
from samir)
17 Stationary A/c Dr 350

To Cash A/c 350
(Being stationary purchased for
office use)
19 Advertisement A/c Dr 700
To Goods A/C 700
(Being free samples distributed)
20 Suresh A/C Dr 120

To Returns outward A/C 120
( Being damaged goods returned
to Suresh)
21 Cash A/c Dr 3450

To Samirs A/C 3450
( Being cash received from Samir)
23 Purchases A/C Dr 2100

To cash A/c 2100
( Being Cash purchases made
from sudesh)
24 Suresh A/c Dr 880

To Cash A/C 840
To Discount Received A/c 40
( Being cash paid to suresh and
discount received)
26 Investment A/C Dr 5000

To Cash A/c 5000
(Being kisan vikas patra
purchased as investment)
28 Cash A/C Dr 510

Discount Allowed A/C Dr 40
To Samirs A/C 550
(Being cash received from samir

in full settlement of his account)
29 Intrest on HDFC Bank Loan A/C Dr 480

To Cash A/C 480
(Being Intrest bon HDFC bank
loan paid)
30 Cash A/c Dr 10000

To Sunils Capital A/c 10000
(Being Further capital Introduced
in Business)
31 Cash A/C Dr 620

Sunils Drawings A/c Dr 400
To Bank A/C 1020
( Being Cash Withdrawn From

Bank for office and household
purpose)
Total 159000 159000
In the books of Sunil Tare

Ledger
Dr A/c
Date Particulars J/f Amount₹ Date Particulars J/F
1/31/2016 By Balance C/D
1/2/!6 To Balance B/D

Cr Dr BuildingA/c
Amount₹ Date Particulars J/f Amount₹ Date Particulars J/F
1/1/2016 To capital A/c 100000
Dr Samir A/c
1/3/2016 To Sales A/C 4200 1/15/2016 By Zreurns Inward A/c
1/21/2016 By Cash A/c
1/28/2016 By Cash A/c
By Discount Allowed A/C

Dr Sales A/c
By By SamirA/C
31/01/16
By Balance C/D
Dr PurchasesA/c
1/7/2016 To suresh A/C 2800 1/19/2016 By Advertisement A/c
1/23/2016 To Cash A/c 2100

4900
1/2/!6 To Balance B/D 4200
Dr OctroiA/c
1/10/2016 To Cash A/c 350

350
Dr stationaryA/c
1/17/2016 To Cash A/c 200

200
Dr Returns outwardA/c
1/20/2016 By Suresh A/c
31/01/16 By Balance C/D 120

120
Dr Investment A/c
1/26/2016 To Cash A/C 5000
Dr Intrest on LoanA/c
1/29/2016 To Cash A/C 480

Cr Dr CapitalA/c
Amount₹ Date Particulars J/f Amount₹ Date
1/1/2016
1/30/2016
31/01/16
Cr
Amount₹ Dr Cash A/c
200 Date Particulars J/f Amount₹ Date
3450 1/5/2016 To Hdfc Loan A/c 25000 1/7/2016
510 1/21/2016 To Samir a/c 3450 1/13/2016
40 1/28/2016 To Samir a/c 510 1/17/2016
1/30/2016 To Sunil Capital 10000 1/23/2016
1/31/2016 To Bank A/c 620 1/24/2016
1/26/2016
1/29/2016
31/01/16
Cr
Amount₹ 1/2/!6 To Balance B/D
4200
Dr Hdfc Loan A/c

Date Particulars J/f Amount₹ Date
1/5/2016
31/01/16
Cr 1/2/!6 To Balance B/D
Amount₹
700
Dr SureshA/c
1/13/2016 To Cash A/C 1800 1/7/2016
4200 1/20/2016 To Returns outwardA/c 120
4900 1/24/2016 To Cash A/C 840
To Discount Received 40
Cr 31/01/16
Amount₹ 1/2/!6 To Balance B/D
350
Dr Returns inwardA/c
1/15/2016 To Samir A/c 200
3501
350
200 31/01/16
Cr 1/2/!6 To Balance B/D 200
Amount₹
Dr AdvertisementA/c
1/19/2016 To Purchases A/c 700
200
200
31/01/16
700
Amount₹
120
Dr Discount receivedA/c
1/24/2016
120
120
31/01/16
40
Amount₹
Dr Discount AllowedA/c
1/28/2016 To Samir A/c 40
31/01/16
40
Amount₹
Dr DrawingsA/c
1/31/2016 To Bank A/C 400
31/01/16
400
Dr BankA/c
1/31/2016
31/01/16 To Balance C/D 1020

1020
1/2/!6
alA/c Cr
Particulars J/F Amount₹
By Building A/c 100000
By cash A/c 10000
By Balance C/D
A/c Cr
By Octroi A/c 350
By CashA/C 1800
By Stationary A/c 350
By Purchases A/c 2100
By Suresh A/C 840
By Investment A/C 5000
By Ibtrest on loan A/C 480
By Balance C/D
A/c Cr
By Cash A/c 25000
By Balance C/D
hA/c Cr
By Purchases A/c 2800
By Balance C/D
wardA/c Cr
By Balance C/D 200

200
mentA/c Cr
By Balance C/D 700

700
ceivedA/c Cr
By Suresh A/c 40
By Balance C/D 40
40
lowedA/c Cr
By Balance C/D 40
40
gsA/c Cr
By Balance C/D 400

400
A/c Cr
By cash A/C 620
By Drawings A/C 400
BY Balance B/D 1020

Sum3
In the books of mahendra
Journal entries
For the month of september 2015
1 Purchases A/C dr 15200
ToSunil A/C 15200
(Being goods purchased on credit at
5% Trade discount)
2 Vinod A/c dr 9120

To Sales A/C 9120
(Being goods sold on credit nat 20%
profit on cost)
5 Machinary A/c dr 21000

To Cash A/C 21000
(Being Paid machinery including
installation cgharges)
9 Conveyance A/C Dr 100

To Cash A/C 100
(Being paid for conveyance)
11 Drawings A/C Dr 12000

To Cash A/C 12000
(Being amont paid for fees of
Daughter)
15 Vijays A/c dr 11000

To Cash A/C 11000
(Being paid to vijay on Account)
18 Purchases A/C Dr 5000

To Virendra A/C 5000
(Being execution of order which was
placed dated 13 September)
21 Wages A/c Dr 500

To Cash A/C 500
(Being Cash Paid for wages)

To Cash A/C 1500
(Being cash paid for house rent)
26 Wamans A/C Dr 9500

To Sales A/C 9500
(Being goods sold on credit at 25%
profit on cost)
29 CashA/C Dr 4750
Bad Debts A/c Dr 4750
To Waman A/C 9500
(Being amont irrecoverable from

waman and balance due from him
written off)
30 Salaries A/C Dr 2500

To Cxash A/C 2500
(being salaries paid in cash)
Total 96920 96920
Working Note:
1) Cost of goods 50% of 15200= 7600
+ 20% Profit on cost(7699x20/100)=1520
Selling Price= 9120
2) Renmaining 50% goods 7600=7600

+25% profit(7600x25/100)= 1900
Selling Price = 9500
Sum 4
In the books of Samant and Brothers
Journal entries
For the month of April 2016
1 Cash at Bank A/C DR 180000
Cash in hand A/c DR 2000
Land and Building A/C DR 200000
Computer and printer A/C DR 60000
Sundry Debtors A/c DR 10000
Bills receivable A/C DR 5000
To Capital A/c 415000
To Sundry Creditors A/c 32000
To Bills payable A/c 10000
(Being transfer of opening balances

of assets and liabilities and excess
taken as capital)
2 Purchases A/C DR 18000

To Cash A/c 4275
To Bank of India A/C 4275
To Discount Received A/C 450
To Mohans A/C 9000

Mohan at 120% trade discountand
5%cash discount)
4 Investment A/c DR 10100

To CashA/c 10100
(Being purchased shares and
brokarage paid)
6 CashA/C DR 8550
Bank of India A/c DR 8550
Discount allowe A/c DR 900
Sunita A/C DR 9000
To SalesA/C 27000
(Being sold goods to sunita @!0%

trade discount and 5% cash
discount)
11 Drawings A/c DR 1500

To Cash A/C 1500
(Being houserent telephone bill paid
of propritor)
22 Loss by fire A/C DR 1000

Insurance claim A/c 3000
To Goods destroyed by fire A/c 4000
(Being goods destroyed and 75% of

claim accepted by insurance
company)(
24 Drawings A/c DR 5000

To Cash A/c 5000
(Being income tax paid)
27 Office Furniture A/C DR 20200

To Cash A/c 20200
(Being furniture purchased)
29 Bank of india A/C DR 15000

To CapitalA/c 15000
(Being personal cash deposited to
business bank a/c)
30 Salaries A/C DR 10000

To Cash A/c 4000
To Bank of india A/c 6000
(being salaries paid in cash as well
as by cheque)
Total 567800 567800

Sum 5
In the books of Uday Phadke
Journal entries
1 Cash A/C Dr 65000
Machinary A/C Dr 35000
To Uday A/c 100000
(Being uday started business with
cash and machinary)
2 Bank A/c Dr 10000

To Cash A/c 10000
(Being cash,bearer cheque and

crossed cheques deposited on
opening of a bank current account)
4 Purchase A/c Dr 12000

To Cash A/c 11700
To Discount received A/c 300
(Being goods purchased from Adash

@15% trade discouynt,5%Quantity
discount and 2.5 cash discount)
7 Fire insurance premium A/c Dr 2500

Uday A/c Dr 1500
To Bank A/c 4000
(being fire insurance premium and

life insurance premium paid to
general insurance co. by cheque)
9 Telegram chargesA/c Dr 70
To Cash A/c 70
(Being telegram charges paid to gpo)
11 Purchase A/c Dr 2400

Carriage inward A/c Dr 100
To DhaneshA/c 2500
(Bring goods purchased from

dhanesh @4% trade discount and
carriage payable to him)
14 InvestmentA/c Dr 5000
To Cash A/c 5000
(Being investment made in purchase
of kisan vikas patra)
17 Cash A/C Dr 3200

Discount Allowed A/C 800
To Sales A/c 4000
( Beinggoods sold to Gunesh @20%

Trade discount and 20% cash
discount)
19 Machinery A/c Dr 35000

To Dena Bank Loan A/c 32000
To Cash A/C 3000
(Being Additional Machinary

purchased by taking a loan from
Dena bank and paid installation
charges to gitesh)
21 Ganesh A/C Dr 11925

To sales A/c 11250
To GSt A/c 675
(Being goods sold to ganesh @20%

profit on sales .Less 10% trade
discount And GST @6%)
23 Bank A/c Dr 1800

To Dividend A/C 1800
(Being dividsend collected by bank
on investment in cipla ltd)
25 Cash A/c Dr 7910

To Hitesh A/c 8000
(Being cash and cheque received

from hitesh for sale of goods during
last month in full settlement)
27 Cash A/c Dr 1025

Travelling expenses A/c 175
To Sales A/C 1200
(Being cash received from jayesh for

goods supplied after deducting
travelling expenses)
29 Cash A/C Dr 5100

To Sales A/c 5100
(Being cash sales made with kamlesh)
30 Rent A/C Dr 7200
To lokesh A/c 7200
(Being office rent paid by credit
customer lokesh)
Total 208470 208470
Working Note
1 Catalogue Price 15000
less Trade discount
Quantity discount 3000
Purchase price 12000
less 2.5 % cash discount 300
Cash Paid to Adesh 11700
2 cost price 10000

add Profit @20% on Sales 2500
(25% On cost) 12500
less 10% Trade discount 1250
Invoice price 11250
Add Gst @6% 675
Total Invoice price 10575
Sum 6
In the books of Tarun Bose
Journal entries
1 Bank A/c Dr 65000
To Taruns Capital A/C 65000
(Being cash transferred from

personal acccount to business
account)
3 Cash A/C Dr 9500

To nFurniture A/C 2850
To Sales A/C 6650
(Being old furniture sold to yogesh

and goods to dinesh@5%trade
discount for cash)
5 Purchases A/c Dr 1935

To Bank A/C 1935

rakesh at A trade discount and paid
by cheque)
8 Wages A/C Dr 6500

Prepaid wages A/C Dr 3500
To Bank A/c 10000
(Being remmuneration and festival

advance paid to manish shop floor
supervisor by cheque)
11 Cash A/C Dr 1980

Discount allowed A/C Dr 30
To MaheshA/C 2010
(Being cheque received from

mahesh in full settlement for goods
supplied during last month)
13 Furniyure A/C Dr 2000

To Sales A/c 2000
(Being second hand chairs
purchased in exchange of goods @
20% Trade discount)
15 Bank A/c Dr 1200

To Commission A/C 750
To Intrest A/c 450
(Being crossed cheque received for

commission from bhavesh and paid
for intrest from bhagesh
18 Purchase A/C Dr 9800

To Cash A/c 2450
To Bindesh A/c 7350

bindesh @2%trade discount for
cash and on credit)
20 CashA/C Dr 2303
Nilesh A/c 2350
To Sales A/c 4700
(Being goods sold to nilesh

@6%trade discount and 2% Cash
discount Half amont received in
cash)
22 Loss by theft A/C Dr 750

To Cash A/c 750
(Vbeing cash stolen away from cash
box)

To cash a/c 5358
To Discount Received A/c 282

nagesh for cash @6% Trade
discount on list price)
24 Mangesh A/C Dr 5640

To Sales A/c 5640
(Being goods sold to mangesh on

credit @6%trade discount on list
price)
25 Fire insurance premium A/c Dr 2000
To Bank A/c 2000
(Being fire insurance premium paid)
26 Loose tools A/c Dr 4000

To Sales A/C 3150
To Jogesh traders A/C 850
(Being second hand tools

purchased from jogesh traders and
in part payment supplied goods
@10% trade discount)
27 Mayuresh A/c Dr 2850

To Sales A/c 285
(Being goods supplied to mayuresh

@20% above cost allowing 5%
trade discount)
28 Rent A/c Dr 5100

Drawings A/c Dr 3400
To Cash A/c 8500
(Being rent on building paid to

ritesh the land lord ,40% Premises
used by trader for domestic
purpose and remaining for office)
30 Machinary A/c Dr 30000

To Metro Co A/c 27000
To Bank A/c 3000
(Being new machinary purchased

from metro co rejection charges
paid to gauresh By Cheque)
Total 165525 165525
Working notes
1 catalogue price 5000
less 6% trade discount 300
selling price 4700
less 1/2 Goods on credit 2350
cash sales 2350
less 2% cash discount 47
cash received 2303
2 24
Cash purchase from nagesh 6000
less6% trade discount 360
purchase price 5640
less 5% Cash discount 282
Cash paid to nagesh 5358
3 24
Credit sales
list price 6000
less 6% trade discount 360
selling price 5340
4 27
Discount allowed
goods supplied at cost 2500
add issuing invoice @20% above cost 500
Catalogue price 3000
Less 5 % Trade discount 150
selling price 2850
Sum 7
In the books of mohan
Journal entries
For the month of may 2016
2 Cash A/c Dr 15000
To Mohan capital A/C 15000
(Being cash introduced as
additional capital
5 Mahesh A/C Dr 3800

To Sales A/c 3800
(Being goods sold to mahesh at
5%trade discount)
9 Bank A/C Dr 10000

To Cash A/c 10000
(Being cash deposited into bank)
12 Purchaes A/c Dr 900

To Manoj A/c 900
Manoj at 10%trade discount)
15 Wages A/c Dr 1200

To Cash A/c 1200
(being Wages paid to works
assistant Manik)
16 Cash A/c Dr 5100

Discount Allowed A/c Dr 900
To Sales A/c 6000
(Being goods sold to Milind at
15%cash discount)
18 Return inward A/c Dr 380

To Mahesh A/c 380
(Being defective goods received
from Mahes)
22 Machinery A/c Dr 4000

To bank A/c 4000
(Being machinery purchased from

Mangesh and paid by cheque)
24 Manoj A/c Dr 100
To Return outward A/c 100
(Being damaged goods returned
to Manoj
29 Manoj A/c Dr 4300

To cash A/c 4300
(Being cash paid to Manoj on
account)
30 Cash A/c Dr 5000

To machinery A/c 5000
(Being unproductive Machinery
sold for cash)
31 Cash A/c Dr 500

To bank A/c 500
(Being cash withdrawn from bank
for office use
Total 51180 51180

Sum 8
In the books of M/s Wise
Journal entries
1 Cash A/C Dr 2000
Bank A/C Dr 68000
Stock A/C Dr 40000
Machinary A/C Dr 100000
Furniture A/C Dr 10000
M/s Naren Bro Dr 15000
M/s Bk Bros Dr 25000
To Loan A/C 50000
To Jacob Bro A/C 20000
To Capital A/C 190000
(Being asssets and liabilities brought

forward from last year and balance
adjusted to capital

Input CGST A/C Dr 600
Input SGST A/C Dr 600
To Samuel and co. A/c 11200
(Being the intra state purchase of

goods from samuel and co payable cgst
and sgst @6%)
3 Cash A/C Dr 4480

To Sales A/.c 4000
To Output iGST A?c 480
(Being the inter state sale of goods for

cash to dheeraj and co charged
igst@12 %)
4 Narain Bros A/c Dr 11200

To Sales A/C 10000
To output CGSt A/c 600
To Output SGST A/C 600
(Being the intra state sale of goods to

narain and co. charged gst @6%)
5 Cash A/C Dr 14500
Discount allowed A/C 500
To Narain Bros A/C 15000
(Being the amount of rs 14500

received in payment for a debt of rs
15000, sdiscount allowed rs 500)
6 Jacob Bros A/c Dr 10000

To Bank A/C 9750
To Discount received A/c 250
(Being amount paid by cheque to jacob

bros. ltd patna who allowed discount
rs 250)
9 Cash A/c Dr 1120

To Furniture A/C 1000
To output CGSt A/c 60
((Being the sale of old furniture

payment received in cash charged cgst
and sgst @6%)

To Cash A/c 8400
(Being the inter state purchase of

goods for cash paid cgst and sgst@6%)
11 Bank A/C Dr 25000

To Bk Bros.A/C 25000
(Being the cheque received from Bk
Bros.)
11 Repairs A/c Dr 1000

To Cxash A/c 1120
(Being the amount of repairs of
machinary gst @6% )

Input IGST A/C Dr 1200
To Jacob bros.A/C 11200
(Being the inter state purchase of
goods from Jacob Bros,plus igst 12%)
13 Jacob Bros. A/C Dr 500

To Cash A/C 500
(Being the cartage on goods paid on
behalf of jacob bros.)
16 Bank A/C Dr 9500

Discount allowed A/C 500
To Narain Bros A/C 10000
(Being the cheque received and

deposited in bank discount allowed rs
500)
17 Jacob Bros A/c Dr 10000

To Bank A/C 10000
(Being the amount paid by cheque to
jacob bros.)
18 Narain Bros A/C Dr 10000

To Bank A/c 9500
To Discount allowed 500
(Being cheque received from narain

bros returned dishonoured)
19 Cash A/C Dr 6720

To Sales A/C 6000
To Output CGST A/C 360
(Being the inter state sale of goods gst
charged 6%)
21 Bank A/C Dr 5000

To Cash A/C 5000
(Being the cash deposited in the bank)
24 Muncipal taxes A/C Dr 1000

To Cash A/c 1000
(Being amount paid as tax)
25 Bank A/C Dr 100000

To Loan A/c 100000
(Being the amount borrowed from
urania invetment co ltd)
28 Advertisement A/C Dr 1000

To Cash A/C 1120
(Being cash paid for advertisement and

gst 6% charged)
31 Rent A/C Dr 1500

To Bank A/C 1600
(Being rent paid and gst @6%)
31 Salaries A/C Dr 3000

To Cash A/C 3000
(Being salaries paid)

To Bank A/c 2500
(Being cash withdrwn from bank for
office use)
31 Cash A/C Dr 5600

Bad Debts A/c Dr 5600
To Narain Bros. A/C 11200
(Being half the sum duein cash and

remauining written off as insolvant)
31 Cash A/c Dr 1500

To Bad debts recovered A/c 1500
(Being sum recovered)
Total 522860 521360

Sum 9
In the books of ……
Journal entries
For the month of…….
1 Drawings A/c Dr 5600
To Purchase A/c 5000
To Input CGST A/C 300
To Input Sgst A/c 300
(Being goods used for domestic purpose
cgst and sgst reversed)
2 Bad debts A/C Dr 2000

To Hari A/c 2000
(Being bad debts written off)
3 Loss of stock by fire A/C Dr 3360

To Purchase A/C 3000
(Being goods destroyed by fire)
4 Insurance company A/C Dr 11200

To Purchase A/C 10000
(Being insurance claim lodged with

insurance company including cgst and sgst
reversed)
Bank A/C Dr 8000

Profit and loss A/c Dr 3200
To Insurance company 11200
(Being insurance claim of 11200 accepted

by insurance company rs 8000)
5 Charity /Donation A/c Dr 560

To Purchase A/C 500
(Being goods given as charity cgst and sgst
reversed)
6 Rent A/c Dr 1500

Input Sgst A/c Dr 90
To Cash A/c 1680
(Being rent paid to land lord cgst and sgst
paid at 6%)
7 Cash A/C Dr 15000

To Capital A/C 15000
(Being the sale of household furniture and

the proceeds invested into business)
Total 50600 50600

Sum 10
In the books of Balaji Traders
Trial balance As On 31/3/2018
Particulars l/f Debit Credit
Amount ₹ Amount ₹
Debtors 26000
Creditors 8000
Salaries 12000
Capital 180000
Sales 122000
Cash in hand 3200
Opening Stock 21000
Advertisement 6900
Rent and Taxes 14300
Purchases 38900
Wages 21500
Cash at ?Bank 12300
Reserve for Doubtful Debts 1300
Returns Inward 1800
Returns Outward 2700
Carriage inward 2800
Carriage outward 3100
Furniture 23700
Machinary 55000
Goodwill 32000
Telephone charges 8500
Office Expenses 7200
Vehicals 26900
Bills payable 3100
Total 317100 317100
Sum 11
In the books of
Trial balance As On 31/3/2018
Particulars l/f Debit Credit
Furniture 20000
Capital 200000
Debtors 200000
Stock(1/4/17) 104000
Creditors 80000
Trade Expenses 50000
Sales 858000
Wages 30000
Machinary 50000
Purchases 625000
wife loan 50000
Discount allowed 4000
Drawings 45000
M?otor Van 60000
Total 1188000 1188000
Working note
1 Stock as on 31/3/18 will not appear in trial balance because it represents a part of goods purchased but not yet sold.
2 Machinary is an asset hence on debit side
3 Wife loan is liability
4 Discount allowed being an expense hence debited
5 Drawings for personal use by proprietor hence decrease in owners claim hence debited
Sum 12
In the books of
Redrafted Trial Balance As on 31/3/2018
Particulars l/f Debit Credit reasom
Opening stock 16000 Asset
Purchases 160000 Expense
Salaries 21000 Expense
Outstanding Salaries 14000 Liability
Wages 10000 Expense
Wages due 9000 Liability
Building 100000 Asset
Plant 80000 Asset
Intrest received 2000 Revenue
Advertisement 12000 Expense
Outstanding Expense 17000 Liability
Depreciation on plant 8000 Expense
Prepaid expenses 10000 Asset
Returns outward 12000 Always cr. Bal
Sales 190000 Revenue
Isurance premium 6000 Expense
Equipment 25000 Asset
Repairs to building 5000 Expense
Drawings 31000 Decrease in capital
Sundry receipts 15000 Revenue
Bank overdraft 93000 Liability
Ground rent 8000 Expense
Returns inward 16000 Always shows dr. bal
capital 200000 Capital
Investment 44000 Asset
Total 552000 552000
rchased but not yet sold.
SUM 1
In the books of Raje
Journal entries
1 Cash A/c dr 28000
Machinary A/c dr 15000
Furniture A/c dr 4500
To Raje's Capital A/C 47500
(Being business started with cash,
machinary and furniturer)
2 Purchases A/C dr 5400

To Abhay A/c 5400
(Being goods purchased at 10% trade
discount from abhay)
4 Bank A/C dr 19800

To Cash A/C 19800
(Being cash deposited in bank)
6 Vinay A/c dr 7125

To Sales A/C 7125
(Beinggoods sold at %% trade discount to
Vinay)
7 Bank A/C Dr 3724

To Sales A/c 3800
(Being goods sold at 5% trade discount
and 2% cash discount
9 Machinary A/C Dr 3450

To Cash A/C 3450
(Being Machinary purchased and transport
charges paid )
11 Rent A/c Dr 600

Raje Drawing A/c Dr 200
To Cash A/C 800
(Being rent paid for office and house of
raje)
14 Electricity charges A/C Dr 125

To Cash A/C 125
(Being electricity charges paid)
17 Cash A/C Dr 270

To Commission A/C 270
(Being Commission received from Sudhir)
22 Mane A/C Dr 275

To Cash A/C 275
(Being advertisement paid on behalf of
Mane)
24 Cash A/C Dr 1000

To Sales A/C 1000
(Being goods sold for cash)
26 Raje Drawing A/C Dr 200

To Cash A/C 200
(Being cash withdrawn for personal use)
27 Cash A/C Dr 500

To Bank A/c 500
(Being cash withdrawn for office use)
29 Raje drawing A/C Dr 385

To Bank A/C 385
(Being school fees of reje son paid by
cheque)
Total 90630 90630
In the books of Raje

Ledger entries
Dr Cash A/C
Date Particular J/F Amount₹ Date
5/1/2012 To Capital A/c 28000 5/4/2012
5/17/2012 To commission A/C 270 5/9/2012
5/24/2012 To Sales A/C 1000 5/11/2012
5/27/2012 To Bank A/C 500
5/14/2012
5/22/2012
5/26/2012
5/31/2012
29770
6/1/2012 To Balance B/D 5120
Dr Machinary A/C
5/1/2012 To Capital A/C 15000
5/9/2012 To CashA/C 3450
5/31/2012
18450
6/1/2012 To Balance B/D 18450
Dr Furniture A/C
5/1/2012 To Capital A/C 4500 5/31/2012
4500
6/1/2012 To Balance B/D 4500
Dr Capital A/C
5/31/2012 To Balance C/D 47500 5/1/2012
47500
6/1/2012
Dr Purchases A/C
5/2/2012 To Abhay A/C 5400 5/31/2012
5400
6/1/2012 To Balance B/D 5400
Dr Abay A/C
5/31/2012 By Balance C/D 5400 2/5/201`2
5400
6/1/2012
Dr Bank A/C
5/4/2012 To Cash A/C 19800 5/27/2012
5/7/2012 To Sales A/C 3724 5/29/2012
5/31/2012
23524
6/1/2012 To Balance B/D 22639

Raje
es
may 2012
Cash A/C Cr
Particular J/F Amount ₹
By Bank A/C 19800
By Machinary A/C 3450
By Rent A/C 600 Dr Vi
By Drawings A/c 200 Date Particular
By Electricity Charges 125 5/6/2012 To Sales
By Mane A/C 275
By Drawings A/c 200
By Balance C/D 5120 6/1/2012 To Balance B/D
29770
chinary A/C Cr
Particular J/F Amount ₹ Dr
Date Particular
By Balance C/D 18450
18450
5/31/2012 To Balance C/D
niture A/C Cr Dr Discount

Particular J/F Amount ₹ Date Particular
By Balance C/D 4500 5/7/2012 To Sales A/C
4500
6/1/2012 To Balance B/D
Capital A/C Cr Dr
By Cash A/C 28000 5/11/2012 To Cash A/C
By Machinery A/C 15000
By Furniture A/C 4500
47500
By Balance B/D 47500
urchases A/C Cr Dr D
By Balance C/D 5400 5/11/2012 To CashA/C
5400 5/26/2012 To CashA/C
5/29/2012 To Bank A/C
Abay A/C Cr Dr Electr

By Purchases A/C 5400 5/14/2012 To Cash
5400
By Balance B/D 5400 6/1/2012 To Balance B/D
Bank A/C Cr
Particular J/F Amount ₹ Dr Com
By Cash A/c 500 Date Particular
By Drawings A/c 385 5/31/2012 By Balance C/D
By Balance C/D 22639
23524
Dr M
Date Particular
5/22/2012 To Cash A/c

Vinay A/C Cr
J/F Amount₹ Date Particular J/F Amount ₹
7125 5/31/2012 By Balance C/D 7125
7125 7125
7125
Sales A/C Cr
5/6/2012 By Vinay A/C 7125
5/7/2012 By Bank A/C 3724
By Discount Allowed 76
11925 5/22/2012 By Cash A/C 1000
11925 11925
5/31/2012 By Balance B/D 11925
Discount Allowed A/C Cr

76 5/31/2012 By Balance C/D 76
76 76
76
Rent A/C Cr
600 5/31/2012 By Balance C/D 600
600 600
600
Drawings A/C Cr
200
200
385 5/31/2012 By Balance C/D 785
785 785
785
Electricity Charges A/C Cr

125 5/31/2012 By Balance C/D 125
125 125
125
Commission A/C Cr
270 5/17/2012 By Cash A/C 270
270 270
6/1/2012 By Balance B/D 270
Mane A/C Cr
275 5/31/2012 By Balance C/d 275
275 275
275
Trial Balance
Particular(Debit) Amount ₹ Particular(Credit) Amount ₹
Cash A/C 5120 Sales A/C 11925
Machinary A/C 18450 Capital A/C 47500
Furniture A/C 4500 Abhay A/C 5400
Vinay A/c 7125 Commission A/C 270
Discount Allowed 76
Rent A/C 600
Purchases A/C 5400
Bank A/C 22639
Drawings A/C 785
Electricity charges A/C 125
Mane A/C 275
65095 65095

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SUM 2

In the books of Sunil Tare

3 Samirs A/C Dr 4200

5 Cash A/C dr 25000

7 Purchases A/c Dr 2800

10 Octroi A/C Dr 350

(Being octroi duty paid to sushil

13 Suresh A/c Dr 1800

( Being cash remitted to suresh

15 Returns inward A/C Dr 200

17 Stationary A/c Dr 350

(Being free samples distributed)

20 Suresh A/C Dr 120

21 Cash A/c Dr 3450

23 Purchases A/C Dr 2100

24 Suresh A/c Dr 880

26 Investment A/C Dr 5000

28 Cash A/C Dr 510

(Being cash received from samir

29 Intrest on HDFC Bank Loan A/C Dr 480

30 Cash A/c Dr 10000

31 Cash A/C Dr 620

( Being Cash Withdrawn From

Total 159000 159000

In the books of Sunil Tare

1/31/2016 By Balance C/D

1/2/!6 To Balance B/D

31/01/16 By Balance C/D

1/2/!6 To Balance B/D

31/01/16 By Balance C/D

1/2/!6 To Balance B/D

1/2/!6 To Balance B/D

31/01/16 By Balance C/D

31/01/16 By Balance C/D

31/01/16 By Balance C/D

31/01/16 By Balance C/D 120

31/01/16 By Balance C/D

1/2/!6 To Balance B/D

31/01/16 By Balance C/D

1/2/!6 To Balance B/D

1/2/!6 To Balance B/D

Dr Hdfc Loan A/c

31/01/16 To Balance C/D 1020

By Balance C/D 200

By Balance C/D 700

By Balance C/D 400

BY Balance B/D 1020

2 Vinod A/c dr 9120

5 Machinary A/c dr 21000

9 Conveyance A/C Dr 100

11 Drawings A/C Dr 12000

15 Vijays A/c dr 11000

18 Purchases A/C Dr 5000

21 Wages A/c Dr 500

24 Drawings A/C Dr 1500

26 Wamans A/C Dr 9500

(Being amont irrecoverable from

30 Salaries A/C Dr 2500

Total 96920 96920

2) Renmaining 50% goods 7600=7600

(Being transfer of opening balances

2 Purchases A/C DR 18000

(Being goods purchased from