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[[Exercise,Numerical Questions]] [[Page,143]] [[Set,1]] [[Q,1]] Enter the following transactions in a simple cash book for December 2005:

Rs 01 Cash in hand 12,000 05 Cash received from Bhanu 4,000 07 Rent Paid 2,000 10 Purchased goods Murari for cash 6,000 15 Sold goods for cash 9,000 18 Purchase stationery 300 22 Cash paid to Rahul on account 2,000 28 Paid salary 1,000 30 Paid rent 500 [[S]] Cash Book Dr. Date 2005 Dec.01 Dec.05 Dec.15 Particulars Balance b/d Bhanu Sales L.F. Amount Rs 12,000 4,000 9,000 Date 2005 Dec.07 Dec.10 Dec.18 Dec.22 Dec.28 Dec.30 Dec.31 Particulars Rent Purchases Stationery Rahul Salaries Rent Balance c/d Cr. Amount L.F. Rs 2,000 6,000 300 2,000 1,000 500 13,200 25,000

25,000

[[Exercise,Numerical Questions]] [[Page,143]] [[Set,1]] [[Q,2]] Record the following transaction in simple cash book for November 2005: Rs 01 Cash in hand 12,500 04 Cash paid to Hari 600 07 Purchased goods 800 12 Cash received from Amit 1,960 16 Sold goods for cash 800 20 Paid to Manish 590

25 31 [[S]]

Paid cartage Paid salary

100 1,000

Cash Book Dr. Date 2005 Nov.01 Nov.12 Nov.16 Particulars Balance b/d Amit Sales L.F. Amount Rs Date 2005 12,500 Nov.04 1,960 Nov.07 800 Nov.20 Nov.25 Nov.30* Nov.30* 15,260 Particulars Hari Purchases Manish Cartage Salaries Balance c/d Cr. Amount L.F. Rs 600 800 590 100 1,000 12,170 15,260

* Note: There is a misprint in the question there is a transaction on November 31st which is not possible as there are only 30 days in the month of November. [[Exercise,Numerical Questions]] [[Page,143]] [[Set,1]] [[Q,3]] Enter the following transaction in Simple cash book for December 2005: Rs 01 Cash in hand 7,750 06 Paid to Sonu 45 08 Purchased goods 600 15 Received cash from Parkash 960 20 Cash sales 500 25 Paid to S. Kumar 1,200 30 Paid rent 600 [[S]] Cash Book Dr. Date 2005 Dec.01 Dec.15 Dec.20 Particulars Balance b/d Prakash Sales L.F. Amount Rs 7,750 960 500 Date 2005 Dec.06 Dec.08 Dec.25 Dec.30 Dec.31 Particulars Sonu Purchases S. Kumar Rent Balance c/d L.F. Cr. Amount Rs 45 600 1,200 600 6,765

9,210

9,210

[[Exercise,Numerical Questions]] [[Page,143]] [[Set,1]] [[Q,4]] Record the following transactions in a bank column cash book for December 2005: Rs 01 Started business with cash 80,000 04 Deposited in bank 50,000 10 Received cash from Rahul 1,000 15 Bought goods for cash 8,000 22 Bought goods by cheque 10,000 25 Paid to Shyam by cash 20,000 30 Drew from Bank for office use 2,000 31 Rent paid by cheque 1,000 [[S]] Cash Book Dr. Date 2005 Dec.01 Dec.04 Dec.10 Dec.30 Particulars Balance B/d Cash Rahul Bank L.F. Cash Rs 80,000 (c) (c) 1,000 2,000 50,000 Bank Rs Date 2005 Dec.04 Dec.15 Dec.22 Dec.25 Dec.30 Dec.31 Dec.31 Particulars Bank Purchases Purchases Shyam Cash Rent Balance c/d Cash L.F. Rs (c) 50,000 8,000 10,000 20,000 (c) 5,000 83,000 2,000 1,000 37,000 50,000 Cr. Bank Rs

83,000

50,000

[[Exercise,Numerical Questions]] [[Page,144]] [[Set,1]] [[Q,5]] Prepare a double column cash book with the help of following information for December 2005 : 01 03 Started business with cash Cash paid into bank Rs 1,20,000 50,000

05 06 10 14 18 20 22 27 30 [[S]]

Purchased goods from Sushmita Sold goods to Dinker and received a cheque Paid to Sushmita cash Cheque received on December 06, 2005 deposited into bank Sold goods to Rani Cartage paid in cash Received cash from Rani Commission received Drew cash for personal use Cash Book

20,000 20,000 20,000 12,000 500 12,000 5,000 2,000

Dr. Date 2005 Dec.01 Dec.03 Dec.06 Dec.14 Dec.22 Dec.27 Particulars Capital Cash Dinker Cash Rani Commission L.F. Cash Rs 1,20,000 (c) 20,000 (c) 12,000 5,000 20,000 50,000 Bank Rs Date 2005 Dec.03 Dec.10 Dec.14 Dec.20 Dec.30 Dec.31 Particulars Bank Shushmita Bank Cartage Drawings Balance c/d L.F. (c) (c) (c) Cash Rs 50,000 20,000 20,000 500 2,000 64,500 1,57,000 70,000 1,57,000

Cr. Bank Rs

70,000 70,000

[[Exercise,Numerical Questions]] [[Page,144]] [[Set,1]] [[Q,6]] Enter the following transactions in double column cash book of M/s Ambica Traders for November 2005: Rs 01 Commenced business with cash 50,000 03 Opened bank account with ICICI 30,000 05 Purchased goods for cash 10,000 10 Purchased office machine for cash 5,000 15 Sales goods on credit from Rohan and received cheque 7,000 18 Cash sales 8,000 20 Rohans cheque deposited into bank 22 Paid cartage by cheque 500 25 Cash withdrawn for personal use 2,000 30 Paid rent by cheque 1,000 [[S]] Cash Book Dr. Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Cr. Bank

Rs 2005 Nov.01 Nov.03 Nov.15 Nov.18 Nov.20 Capital Cash Rohan Sales Cash 50,000 (c) 7,000 8,000 (c)

Rs 2005 Nov.03 30,000 Nov.05 Nov.10 Nov.20 7,000 Nov.22 Nov.25 Nov.30 Nov.30 37,000 Bank Purchases Office Machine Bank Cartage Drawings Rent Balance c/d (c)

Rs 30,000 10,000 5,000 7,000

Rs

(c)

500 2,000 11,000 65,000 1,000 35,500 37,000

65,000

[[Exercise,Numerical Questions]] [[Page,144]] [[Set,1]] [[Q,7]] Prepare double column cash book from the following information for September 2005: 01 03 05 10 15 20 25 30 [[S]] Cash Book Dr. Date 2005 Sep.01 Sep.05 Sep.10 Particulars Balance b/d Sales Cash Cash L.F. Rs 7,500 7,000 (c) 4,000 Bank Rs Date 2005. Sep.01 Sep.03 Sep.10 Sep.15 Sep.20 Sep.25 Sep.30 Sep.30 Particulars Balance b/d (Overdraft) Wages Bank Purchases Rent Drawings Salaries Balance c/d Cash L.F. Rs Cr. Bank Rs 3,500 (c) 200 4,000 2,000 500 400 1,000 8,800 14,500 Cash in hand Bank overdraft Paid wages Cash sales Cash deposited into bank Goods purchased and paid by cheque Paid rent Drew from bank for personal use Salary paid Rs 7,500 3,500 200 7,000 4,000 2,000 500 400 1,000

Sep.30

Balance c/d (Over draft)

1,900 14,500 5,900

5,900

[[Exercise,Numerical Questions]] [[Page,145]] [[Set,1]] [[Q,8]] Enter the following transaction in a double column cash book of M/s Mohit Traders for January 2005: Rs 01 Cash in hand 3,500 Bank overdraft 2,300 03 Goods purchased for cash 1,200 05 Paid wages 200 10 Cash sales 8,000 15 Deposited into bank 6,000 22 Sold goods for cheque which was deposited into bank same day 2,000 25 Paid rent by cheque 1,200 28 Drew from bank for personal use 1,000 31 Bought goods by cheque 1,000 [[S]] Cash Book Dr. Date 2005 Jan.01 Jan.10 Jan.15 Jan.22 Particulars Balance b/d Sales Cash Sales Cash L.F. Rs 3,500 8,000 (c) 6,000 2,000 Bank Rs Date 2005 Jan.01 Jan.03 Jan.05 Jan.15 Jan.25 Jan.28 Jan.31 Jan.31 Particulars Cash L.F. Rs Cr. Bank Rs 2,300 1,200 200 6,000 1,200 1,000 1,000 2,500 8,000

Balance b/d (overdraft) Purchases Wages Bank (c) Rent Drawings Purchases Balance c/d

11,500

8,000

4,100 11,500

[[Exercise,Numerical Questions]] [[Page,145]] [[Set,1]] [[Q,9]] Prepare double column cash book from the following transactions for the year December 2005: 01 03 05 08 10 Cash in hand Cash at bank Purchased goods for cash Received cheque from Jasmeet Sold goods for cash Jasmeets cheque deposited into bank Rs 17,500 5,000 3,000 10,000 7,000

12 15 18 20 24 27 29 30 31 [[S]]

Purchased goods and paid by cheque Paid establishment expenses through bank Cash sales Deposited into bank Paid trade expenses Received commission by cheque Paid Rent Withdrew cash for personal use Salary paid

20,000 1,000 7,000 10,000 500 6,000 2,000 1,200 6,000

Cash Book Dr. Date Particulars 2005 Dec.01 Balance b/d Dec.05 Jasmeet Dec.08 Sales Dec. 10 Dec.18 Dec.20 Dec.27 Cash Sales Cash Commission L.F. Cash Rs 17,500 10,000 7,000 (c) 7,000 (c) 10,000 6,000 Bank Rs 5,000 Date 2005 Dec.03 Dec.10 Dec.12 Dec.15 Dec.20 Dec.24 Dec.29 Dec.30 Dec.31 Dec.31 Particulars Purchases Bank Purchases Establishment Expenses Bank Trade Expenses Rent Drawings Salaries Balance c/d L.F. Cash Rs 3,000 10,000 20,000 1,000 (c) 10,000 500 2,000 1,200 6,000 8,800 41,500 Cr. Bank Rs

(c)

10,000

10,000 31,000

41,500

31,000

[[Exercise,Numerical Questions]] [[Page,145]] [[Set,1]] [[Q,10]] M/s Ruchi trader started their cash book with the following balances on Dec. 01 2005 : cash in hand Rs 1,354 and balance in bank current account Rs 560. He had the following transaction in the month of December, 2005: Rs 03 Cash sales 2,300 05 Purchased goods, paid by cheque 6,000 08 Cash sales 10,000 12 Paid trade expenses 700 15 Sales goods, received cheque (deposited same day) 20,000 18 Purchased motor car paid by cheque 15,000 20 Cheque received from Manisha (deposited same day) 10,000 22 Cash Sales 7,000 25 Manishas cheque returned dishonoured 28 Paid Rent 2,000

29 31

Paid telephone expenses by cheque Cash withdrawn for personal use

500 2,000

Prepare bank column cash book [[S]] Cash Book Dr. Date 2005 Dec.01 Dec.03 Dec.08 Dec.15 Dec.20 Dec.22 Particulars Balance b/d Sales Sales Sales Manisha Sales L.F. Cash Rs 1,354 2,300 10,000 (c) 7,000 Bank Rs 7,560 Date 2005 Dec.05 Dec.12 Dec.18 Dec.25 Dec.28 Dec.29 Dec.31 Dec.31 Particulars Purchases Trade Expenses Motor Car Manisha (Dishonour) Rent Telephone Expenses Drawings Balance c/d L.F. Cash Rs Cr. Bank Rs 6,000 700 15,000 10,000 2,000 500 2,000 15,954 20,654 6,060 37,560

20,000 10,000

20,654

37,560

[[Exercise,Numerical Questions]] [[Page,146]] [[Set,1]] [[Q,11]] Prepare petty cash book from the following transactions. The imprest amount is Rs 2,000. Januar Rs y 01 Paid cartage 50 02 STD charges 40 02 Bus fare 20 03 Postage 30 04 Refreshment for employees 80 06 Courier charges 30 08 Refreshment of customer 50 10 Cartage 35 15 Taxi fare to manager 70 18 Stationery 65 20 Bus fare 10 22 Fax charges 30 25 Telegrams charges 35 27 Postage stamps 20 0 29 Repair on furniture 10

30 31

Laundry expenses Miscellaneous expenses

5 11 5 10 0

[[S]]

Petty Cash Book Dr. Amount Date Received Rs 2,000

Particulars

Voucher Amount No. Paid Rs

Analysis of Payments

Telephone Refresh Car Telegram Postage Conveyance ment ge

Jan.01 Jan.01 Jan.02 Jan.02 Jan.03 Jan.04 Jan.06 Jan.08 Jan.10 Jan.15 Jan.18 Jan.20 Jan.22 Jan.25 Jan.27 Jan.29 Jan.30 Jan.31

Cash Cartage STD charges Bus Fare Postage Refreshment for Employees Courier charges Refreshment of customer Cartage Taxi Fare to Manager Stationery Bus Fare Fax Charges Telegram Charges Postage stamps Repair to Furniture Laundry Expense Miscellaneous Expenses

Jan.31 Balance c/d 2,000 935 Feb.01 Balance b/d 1,065 Feb.01 Cash Received

50 40 20 30 80 30 50 35 70 65 10 30 35 200 105 115 100 1,065 935 2,000

5 40 20 30 80 30 50 70 10 30 35 200

105

260

100

130

Note: In the book the cash balance is given to be Rs 925. However as per solution the cash balance should be Rs 935 [[Exercise,Numerical Questions]] [[Page,146]]

[[Set,1]] [[Q,12]] Record the following transactions during the week ending Dec. 30, 2005 with a weekly imprest Rs 500 24 25 25 26 27 29 [[S]] Petty Cash Book Dr. Amount Received Rs 500 Voucher No. Amount Paid Rs Stationery Bus fare Cartage Taxi fare Wages to casual labour Postage Rs 100 12 40 80 90 80

Date 2005 Dec.24 Dec.24 Dec.25 Dec.25 Dec.26 Dec.27 Dec.29 Dec.30 2005

Particulars Cash Stationery Bus Fare Cartage Taxi Fare Wages to Casual labour Postage Balance c/d

Analysis of Payments Stationery Conveyance Cartage Postage 100 12 40 80

100 12 40 80 90 80 402 88 500

100

92

40

80 80

88 402

Dec.31 Dec.31

Balance b/d Cash Received

[[Exercise,Numerical Questions]] [[Page,146]] [[Set,1]] [[Q,13]] Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2005: 01 Bought from Rahul Traders as per invoice no. 20041 40 Registers @ Rs 60 each 80 Gel Pens @ Rs 15 each 50 note books @ Rs 20 each Trade discount 10%. 15 Bought from Global Stationers as per invoice no. 1132 40 Ink Pads @ Rs 8 each 50 Files @ Rs 10 each 20 Color Books @ Rs 20 each Trade Discount 5%

23 Purchased from Lamba Furniture as per invoice no. 3201 2 Chairs @ 600 per chair 1 Table @ 1,000 per table 25 Bought from Mumbai Traders as per invoice no. 1111 10 Paper Rim @ Rs 100 per rim 400 drawing Sheets @ Rs 3 each 20 Packet water colour @ Rs 40 per packet [[S]] Purchases Book Name of Supplier (Accounts to be Credited) Amount Rs

Date Invoice No. 2005 July.01 20041 Rahul Traders 40 Registers @ Rs 60 each 80 Gel Pens @ Rs 15 each 50 Note Books @ Rs 20 each Less: Trade Discount 10% July.15 1132

L.F.

Details

2,400 1,200 1,000 4,600 (460)

4,140

Global Stationeries 40 Ink Pads @ Rs 8 each 50 files @ Rs 10 each 20 Colour Books @ Rs 20 each Less: Trade discount 5%

320 500 400 1,220 (61)

1,159

July.25

1111

Mumbai Traders 10 paper Rim @ Rs 100 each 400 Drawing Sheet @ Rs 3 each 20 Packet Water Colour @ Rs 40 per pack Purchases Account

1,000 1,200 800

3,000 8299

Note: Furniture purchased from Lamba Traders will not be recorded in the Purchases Book as furniture is not to be considered as goods for the M/s Gupta Trader. This is because as per the transactions M/s. Gupta traders deals in stationery and not in furniture. Note: Slight change in the Performa of subsidiary book is done. Here Details column has been added in Purchase Book. [[Exercise,Numerical Questions]] [[Page,147]] [[Set,1]] [[Q,14]]

Enter the following transactions in sales (journal) book of M/s. Bansal electronics: September 01 Sold to Amit Traders as per bill no.4321 20 Pocket Radio @ 70 per Radio 2, T.V. set, B&W.(6.) @ 800 Per T.V. 10. Sold to Arun Electronics as per bill no.4351 5 T.V. sets (20.) B&W @ Rs 3,000 per T.V. 2 T.V. sets (21.) Colour @ Rs 4,800 per T.V. 22 Sold to Handa Electronics as per bill no.4,399 10 Tape recorders @ Rs 600 each 5 Walkman @ Rs 300 each 28 Sold to Harish Trader as per bill no.4430 10 Mixer Juicer Grinder @ Rs 800 each. [[S]] Sales Book Name of the Customer (Accounts to be debited) Amit Traders 20 Pocket Radio @ Rs 70 Per Radio 2 T.V. Set, B&W (6") @ Rs 800 per T.V. Arun Electronics 5 T.V. sets (20") B&W @ Rs 3,000 per T.V. 2 T.V. sets (21") colour @ Rs 4,800 per T.V. Handa Electronics 10 Tape Recorders @ Rs 600 each 5 Walkman @ Rs 300 each Harish Traders 10 Mixer Juicer @ Rs 800 each Sales Account Amount Rs

Date Sept.1

Bill No. 4321

L.F.

Details

1,400 1,600

3,000

Sept.10

4351

15,000 9,600

24,600

Sept.22

4399

6,000 1,500

7,500 8,000

Sept.28

4430

8,000 43,100

[[Exercise,Numerical Questions]] [[Page,147]] [[Set,1]] [[Q,15]] Prepare a purchases return (journal) book from the following transactions for January 2006. 05 10 17 28 Returned goods to M/s Kartik Traders Goods returned to Sahil Pvt. Ltd. Goods returned to M/s Kohinoor Traders for list price Rs 2,000 less 10% trade discount. Return outwards to M/s Handa Traders Rs 1,200 2,500 550

[[S]] Purchases Return Book Name of Suppliers (Account to be debited) M/s Kartik Traders Sahil Pvt. Ltd. M/s Kohinoor Trader List Price 10% Trade discount M/s Handa Traders Purchases Return Account

Date Jan. 05 Jan. 10 Jan. 17

Debit Note No.

Amount L.F Rs 1,200 2,500 2,000 (200)

1,800 550 6,050

Jan. 28

[[Exercise,Numerical Questions]] [[Page,148]] [[Set,1]] [[Q,16]] Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for November 2005: Rs 04 M/s Gupta Traders returned the goods 1,500 10 Goods returned from M/s Harish Traders 800 18 M/s Rahul Traders returned the goods not as per specifications 1,200 28 Goods returned from Sushil Traders 1,000 [[S]] Credit Note No. Sales Return Book Name of Customer (Account to be Credited) M/s Gupta Traders M/s Harish Traders M/s Rahul Traders Sushil Traders Sales Return Account Amount Rs 1,500 800 1,200 1,000 4,500

Date Nov. Nov.04 Nov.10 Nov.18 Nov.28

L.F.

[[Exercise,Numerical Questions]] [[Page,148]]

[[Set,1]] [[Q,17]] Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2006: Rs 01 Goods sold to Sachin 5,000 04 Purchase from Kushal Traders 2,480 06 Sold goods to Manish Traders 2,100 07 Sachin returned goods 600 08 Returns to Kushal Traders 280 10 Sold to Mukesh 3,300 14 Purchased from Kunal Traders 5,200 15 Furniture purchased from Tarun 3,200 17 Bought of Naresh 4,060 20 Return to Kunal Traders 200 22 Return inwards from Mukesh 250 24 Purchased goods from Kirit & Co. for list price of 5,700 less 10% trade discount 25 Sold to Shri Chand goods 6,600 less 5% trade discount 26 Sold to Ramesh Brothers 4,000 28 Return outwards to Kirit and Co. 1,000 less 10% trade discount 28 Ramesh Brothers returned goods Rs 500. [[S]] Purchases Book Name of Supplier (Accounts to be Credited) Kushal Traders Kunal Traders Naresh Kirit and Co. Less: Trade Discount 10% Purchase Account Amount Rs 2,480 5,200 4,060 5,700 (570) 5,130 16,870

Date 2006 Feb.04 Feb.14 Feb.17 Feb.24

Invoice No.

L.F.

Sales Book Name of Customer (Accounts to be debited) Date 2006 Feb. 01 Feb.06 Feb.10 Bill No. Sachin Manish Traders Mukesh L.F.

Amount Rs 5,000 2,100 3,300

Feb.25 Feb.26

Shri Chand Less: 5% Trade Discount Ramesh Brothers Sales Account

6,600 (330)

6,270 4,000 20,670

Date 2006 Feb.07 Feb.22 Feb.28

Credit Note

Sales Return Book Name of Customer (Accounts to be Credited) Sachin Mukesh Ramesh Brothers Sales Return Account

L.F.

Amount Rs 600 250 500 1,350

Date 2006 Feb.08 Feb.20 Feb.28

Debit Note

Purchases Return Book Name of Supplier (Accounts to be debited) Kushal Kunal Traders Kirit and Co. Less: 10% Trade Discount Sales Return A/c

L.F.

Amount Rs 280 200

1,000 (100)

900 1,380

Journal Proper Debit Amount Rs 3,200 3,200 Credit Amount Rs

Date Feb.15

Particulars Furniture A/c To Tarun (Furniture purchased from Tarun) Dr.

L.F.

Ledger

Purchases Account Dr. Date 2006 Feb.28 Particulars Sundries as per Purchases Book Amount J.F. Rs Date 2006 Particulars Cr. Amount J.F. Rs

16,870 Feb.28 16,870 Balance c/d 16,870 16,870

Sales Account Dr. Date 2006 Feb.28 Particulars J.F. Amount Rs Date 2006 Feb.28 Particulars Sundries as per Sales Book Cr. Amount J.F. Rs 20,670 20,670

Balance c/d

20,670 20,670

Sales Return Account Dr. Date 2006 Feb.28 Particulars Sundries as per Sales Return Book J.F. Amount Rs Date 2006 Particulars Cr. Amount J.F. Rs

1,350 Feb.28 1,350 Balance c/d 1,350 1,350

Purchases Return Account Dr. Date 2006 Particulars J.F. Amount Rs Date 2006 Feb.28 1,380 Particulars Sundries as per Purchases Return Book Cr. Amount J.F. Rs

1,380

Feb.28

Balance b/d

1,380

1,380

Sachins Account Dr. Date 2006 Feb.01 Sales Particulars J.F. Amount Rs Date Particulars 2006 5,000 Feb.07 Sales Return Feb.28 Balance c/d 5,000 Cr. Amount J.F. Rs 600 4,400 5,000

Kushal Traders Account Dr. Date Particulars 2006 Feb.08 Purchases Return Feb.28 Balance c/d J.F. Amount Rs Date Particulars 2006 280 Feb.04 Purchases 2,200 2,480 Cr. Amount J.F. Rs 2,480

2,480

Manish Traders Account Dr. Date 2006 Feb.06 Particulars Sales J.F. Amount Rs Date Particulars 2006 2,100 Feb.28 Balance c/d 2,100 Cr. Amount J.F. Rs

2,100 2,100

Mukeshs Account Dr. Date 2006 Particulars Amount J.F. Rs Date 2006 Particulars Cr. Amount J.F. Rs

Feb.10 Sales

3,300 3,300

Feb.22 Feb.28

Sales Return Balance c/d

250 3,050 3,300

Kunal Traders Account Dr. Date 2006 Feb.20 Feb.28 Particulars Purchase Return Balance c/d J.F. Amount Rs 200 5,000 5,200 Date Particulars 2006 Feb.14 Purchases Cr. Amount J.F. Rs 5,200 5,200

Furniture Account Dr. Date 2006 Feb.15 Particulars Tarun Amount J.F. Rs 3,200 Feb.28 3,200 Balance c/d 3,200 3,200 Date 2006 Particulars Cr. Amount J.F. Rs

Taruns Account Dr. Date 2006 Feb.28 Particulars Amount J.F. Rs Date 2006 Feb.15 Particulars Furniture Cr. Amount J.F. Rs 3,200 3,200

Balance c/d

3,200 3,200

Nareshs Account Dr. Date 2006 Feb.28 Particulars Amount J.F. Rs Date 2006 Feb.17 Particulars Purchases Cr. Amount J.F. Rs 4,060

Balance c/d

4,060

4,060

4,060

Kirit & Co. Accounts Dr. Date 2006 Feb.28 Feb.28 Particulars Purchases Return Balance c/d J.F. Amount Rs 900 4,230 5,130 Date 2006 Feb.24 Particulars Purchases Cr. Amount J.F. Rs 5,130 5,130

Shri Chand & Co. Account Dr. Date 2006 Feb.25 Particulars Sales Amount J.F. Rs 6,270 Feb.28 6,270 Balance c/d 6,270 6,270 Date 2006 Particulars Cr. Amount J.F. Rs

Rameshs Account Dr. Date 2006 Feb.26 Particulars Sales J.F. Amount Rs 4,000 4,000 Date 2006 Feb.28 Feb.28 Particulars Sales Return Balance c/d Cr. Amount J.F. Rs 500 3,500 4,000

[[Exercise,Numerical Questions]] [[Page,148]] [[Set,1]] [[Q,18]] The following balances of ledger of M/s Marble Traders on April 01, 2006 Rs

Cash in hand Cash at bank Bills receivable Ramesh (Cr.) Stock (Goods) Bills payable Rahul (Dr.) Himanshu (Dr.) Transactions during the month were: April 01 Goods sold to Manish 02 Purchased goods from Ramesh 03 Received cash from Rahul in full settlement 05 Cash received from Himanshu on account 06 paid to Remesh by cheque 08 Rent paid by cheque 10 Cash received from manish 12 Cash sales 14 Goods returned to Ramesh 15 Cash paid to Ramesh in full settlement 16 Discount received 18 Goods sold to Kushal 20 Paid trade expenses 21 Drew for personal use 22 Goods return from Kushal 24 Cash received from Kushal 26 Paid for stationery 27 Postage charges 28 Salary Paid 29 Goods purchased from Sheetal Traders 30 Sold goods to Kirit Goods purchased from Handa Traders Journalise the above transactions and post them to the ledger. [[S]] Journal

6,000 12,000 7,000 3,000 5,400 2,000 9,700 10,000 Rs 3,000 8,000 9,200 4,000 6,000. 1,200 3,000 6,000 1,000 3,700 300 10,000 200 1,000 1,200 6,000 100 60 2,500 7,000 6,000 5,000

Date 2006 Cash A/c Apr.01 Bank A/c Bills Receivable A/c Stock A/c Rahul's A/c Himanshu A/c To Ramesh's A/c To Bills Payable A/c

Particulars Dr. Dr. Dr. Dr. Dr. Dr.

L.F.

Debit Amount Rs 6,000 12,000 7,000 5,400 9,700 10,000

Credit Amount Rs

3,000 2,000

To Capital A/c (Balancing figure ) (Balance brought from last year) Apr.01 Manish To Sales A/c (Goods sold to Manish) Apr.02 Purchases A/c To Ramesh (Goods purchased from Ramesh) Apr.03 Cash A/c Discount Allowed A/c To Rahul (Cash received from Rahul and discount allowed to him) Apr. 05 Cash A/c To Himanshu (Cash received from Himanshu) Apr.06 Ramesh To Bank A/c (Cheque issued to Ramesh) Apr. 08 Rent A/c To Bank A/c (Rent paid by cheque) Apr.10 Cash A/c To Manish (Cash received from Manish) Apr.12 Cash A/c To Sales A/c (Goods sold for cash) Apr.14 Ramesh To Purchases Return A/c (Goods returned to Ramesh) Apr.15 Ramesh To Cash A/c To Discount Received A/c (Cash paid to Ramesh and discount received) Dr. 3,000

45,100

3,000

Dr.

8,000 8,000

Dr. Dr.

9,200 500 9,700

Dr.

4,000 4,000

Dr.

6,000 6,000

Dr.

1,200 1,200

Dr.

3,000 3,000

Dr.

6,000 6,000

Dr.

1,000 1,000

Dr.

4,000 3,700 300

Apr.18 Kushal To Sales A/c (Goods sold to Kushal) Apr.20 Trade Expenses A/c To Cash A/c (Trade expenses paid) Apr.21 Drawings A/c To Cash A/c (Cash withdrawn for personal use) Apr.22 Sales Return A/c To Kushal (Kushal returned goods) Apr.24 Cash A/c To Kushal (Cash received from Kushal) Apr.26 Stationery A/c To Cash A/c (Stationery paid) Apr.27 Postage A/c To Cash A/c (Postage paid) Apr.28 Salaries A/c To Cash A/c (Salary paid) Apr.29 Purchases A/c To Sheetal Traders (Goods purchased from Sheetal Traders) Apr.30 Kirit To Sales A/c (Goods sold to Kirit) Apr.30 Purchases A/c To Handa Traders (Goods purchased from Handa Traders) Total

Dr.

10,000 10,000

Dr.

200 200

Dr.

1,000 1,000

Dr.

1,200 1,200

Dr.

6,000 6,000

Dr.

100 100

Dr.

60 60

Dr.

2,500 2,500

Dr.

7,000 7,000

Dr.

6,000 6,000

Dr.

5,000 5,000 1,35,060 1,35,060

Ledger Cash Account Dr. Date 2006 Apr.01 Apr.03 Apr.05 Apr.10 Apr.12 Apr.24 Particulars Balance b/d Rahul Himanshu Manish Sales Kushal J.F. Amount Rs 6,000 9,200 4,000 3,000 6,000 6,000 34,200 Date 2006 Apr.15 Apr.20 Apr.21 Apr.26 Apr.27 Apr.28 Apr.30 Particulars Ramesh Trade Expenses Drawings Stationary Postage Salaries Balance c/d Cr. Amount J.F. Rs 3,700 200 1,000 100 60 2,500 26,640 34,200

Bank Account Dr. Date 2006 Apr.01 Particulars Balance b/d Amount J.F. Rs 12,000 Date 2006 Apr.06 Apr.08 Apr.30 Particulars Ramesh Rent Balance c/d Cr. Amount J.F. Rs 6,000 1,200 4,800 12,000

12,000

Bills Receivable Account Dr. Date 2006 Apr.01 Particulars Balance b/d J.F. Amount Rs 7,000 Apr.30 7,000 Balance c/d 7,000 7,000 Date 2006 Particulars Cr. Amount J.F. Rs

Stock Account Dr. Date 2006 Apr.01 Particulars Balance b/d J.F. Amount Rs 5,400 Apr.30 5,400 Balance c/d 5,400 5,400 Date 2006 Particulars Cr. Amount J.F. Rs

Rahuls Account Dr. Date 2006 Apr.01 Particulars Balance b/d Amount J.F. Rs 9,700 9,700 Date 2006 Apr.03 Apr.03 Particulars Cash Discount Allowed Cr. Amount J.F. Rs 9,200 500 9,700

Himanshu's Account Dr. Date 2006 Apr.01 Particulars Balance b/d Amount J.F. Rs 10,000 10,000 Date 2006 Apr.05 Apr.30 Particulars Cash Balance c/d Cr. Amount J.F. Rs 4,000 6,000 10,000

Ramesh's Account Dr. Date 2006 Apr.06 Apr.14 Apr.15 Apr.15 Particulars Bank Purchases Return Cash Discount Received Amount J.F. Rs 6,000 1,000 3,700 300 11,000 Date 2006 Apr.01 Apr.02 Particulars Balance b/d Purchases Cr. Amount J.F. Rs 3,000 8,000

11,000

Bills Payable Account Dr. Date 2006 Apr.30 Particulars Amount J.F. Rs Date 2006 Apr.01 Particulars Balance b/d Cr. Amount J.F. Rs 2,000 2,000

Balance c/d

2,000 2,000

Capital Account Dr. Date 2006 Apr.30 Particulars Amount J.F. Rs Date 2006 Apr.01 Particulars Balance b/d Cr. Amount J.F. Rs 45,100 45,100

Balance c/d

45,100 45,100

Manishs Account Dr. Date 2006 Apr.01 Particulars Sales Amount J.F. Rs 3,000 3,000 Date 2006 Apr.10 Particulars Cash Cr. Amount J.F. Rs 3,000 3,000

Sales Account Dr. Date Particulars J.F. Amount Rs Date Particulars J.F. Cr. Amount Rs

2006

2006 Apr.01 Apr.12 Apr.18 Apr.30 Balance c/d 25,000 25,000

Manish Cash Kushal Kirit

3,000 6,000 10,000 6,000 25,000

Apr.30

Purchases Account Dr. Date 2006 Apr.02 Apr.29 Apr.30 Particulars Ramesh Sheetal Traders Handa Traders J.F. Amount Rs 8,000 7,000 5,000 20,000 Date 2006 Particulars J.F. Cr. Amount Rs

Apr.30

Balance c/d

20,000 20,000

Discount Allowed Account Dr. Date 2006 Apr.03 Particulars Rahul J.F. Amount Rs 500 Apr.30 500 Balance c/d 500 500 Date 2006 Particulars Cr. Amount J.F. Rs

Rent Account Dr. Date 2006 Apr.08 Particulars Bank Amount J.F. Rs 1,200 Apr.30 1,200 Balance c/d 1,200 1,200 Date 2006 Particulars Cr. Amount J.F. Rs

Discount Received Account Dr. Date 2006 Apr.30 Particulars Amount J.F. Rs Date 2006 Apr.15 Particulars Ramesh Cr. Amount J.F. Rs 300 300

Balance c/d

300 300

Kushal's Account Dr. Date 2006 Apr.18 Particulars Sales J.F. Amount Rs 10,000 Date 2006 Apr.22 Apr.24 Apr.30 Particulars Sales Return Cash Balance c/d J.F. Cr. Amount Rs 1,200 6,000 2,800 10,000

10,000

Trade Expenses Account Dr. Date 2006 Apr.20 Particulars Cash Amount J.F. Rs 200 Apr.30 200 Balance c/d 200 200 Date 2006 Particulars Cr. Amount J.F. Rs

Drawing's Account Dr. Date 2006 Apr.21 Particulars Cash 1,000 Apr.30 Balance c/d 1,000 J.F. Amount Rs Date 2006 Particulars Cr. Amount J.F. Rs

1,000

1,000

Sales Return Account Dr. Date Particulars 2006 Apr.22 Kushal J.F. Amount Rs 1,200 Apr.30 Balance c/d 1,200 1,200 1,200 Date 2006 Particulars Cr. Amount J.F. Rs

Stationery Account Dr. Date 2006 Apr.26 Particulars Cash Amount J.F. Rs 100 Apr.30 100 Balance c/d 100 100 Date 2006 Particulars Cr. Amount J.F. Rs

Postage Account Dr. Date 2006 Apr.27 Particulars Cash J.F. Amount Rs 60 Apr.30 60 Balance c/d 60 60 Date 2006 Particulars Cr. Amount J.F. Rs

Salaries Account Dr. Date 2006 Particulars J.F. Amount Rs Date 2006 Particulars Cr. Amount J.F. Rs

Apr.28

Cash

2,500 Apr.30 2,500 Balance c/d 2,500 2,500

Sheetal Trader's Account Dr. Date 2006 Apr.30 Particulars J.F. Amount Rs Date 2006 Apr.29 Particulars Purchases Cr. Amount J.F. Rs 7,000 7,000

Balance c/d

7,000 7,000

Handa Trader's Account Dr. Date 2006 Apr.30 Particulars J.F. Amount Rs Date 2006 Apr.30 Particulars Purchases Cr. Amount J.F. Rs 5,000 5,000

Balance c/d

5,000 5,000

Purchases Return Account Dr. Date 2006 Particulars Amount J.F. Rs Date 2006 Apr.14 Particulars Ramesh J.F. Cr. Amount Rs 1,000 1,000

Apr.30 Balance c/d

1,000 1,000

Kirit's Account Dr Cr.

Date 2006 Apr.30

Particulars Sales

Amount J.F. Rs 6,000

Date 2006 Apr.30

Particulars

Amount J.F. Rs

Balance c/d

6,000

6,000 6,000