Recording Of Transactions – I – Posting Solutions

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Analysis of Transactions – Posting – Numerical Questions
16. Journalise the following transactions, post to the ledger.

2014  
Nov.01 Business started with Cash 1,50,000
Nov.01 Business started with Goods 50,000
Nov.03 Purchased goods from Harish 30,000
Nov.05 Sold goods for cash 12,000
Nov.08 Purchase furniture for cash 5,000
Nov.10 Cash paid to Harish on account 15,000
Nov.13 Paid sundry expenses 200
Nov.15 Cash sales 15,000
Nov.18 Deposited into bank 5,000
Nov.20 Drew cash for personal use 1,000
Nov.22 Cash paid to Harish in full settlement of account 14,700
Nov.25 Goods sold to Nitesh 7,000
Nov.26 Cartage paid 200
Nov.27 Rent paid 1,500
Nov.29 Received cash from Nitesh 6,800
Nov.29 Discount allowed 200
Nov.30 Salary paid 3,000





Journal
Date Particulars L.F Debit
Amount
Credit
Amount
Nov.01 Cash A/CDr.   1,50,000  
  Stock A/CDr.
To Capital A/C
(Business started with cash and goods)
  50,000 2,00,000
Nov.03 Purchases A/CDr.
To Harish A/C
(Purchased goods from Harish)
  30,000 30,000
Nov.05 Cash A/CDr.
To Sales A/C
(Sold goods for cash)
  12,000 12,000
Nov.08 Furniture A/CDr.
To Cash A/C
(Purchased furniture for cash)
  5,000 5,000
Nov.10 Harish A/CDr.
To Cash A/C
(Cash paid to Harish on account)
  15,000 15,000
Nov.13 Sundry Expenses A/CDr.
To Cash A/C
(Paid sundry expenses)
  200 200
Nov.15 Cash A/CDr.
To Sales A/C
(Cash sales)
  15,000 15,000
Nov.18 Bank A/CDr.
To Cash A/C
(Deposited into bank)
  5,000 5,000
Nov.20 Drawings A/CDr.
To Cash A/C
(Drew cash for personal use)
  1,000 1,000
Nov.22 Harish A/CDr.
To Discount Received A/C
To Cash A/C
(Cash paid to Harish in full settlement of account)

  1,000 300
14,700
Nov.25 Nitesh A/CDr.
To Sales A/C
(Goods sold to Nitesh)
  1,000 1,000
Nov.26 Cartage A/CDr.
To Cash A/C
(Cartage paid)
  200 200
Nov.27 Rent A/CDr.
To Cash A/C
(Rent paid)
  1,500 1,500
Nov.29 Cash A/CDr.   6,800  
Nov.29 Discount allowed A/CDr.
To Nitesh A/C
(Cash received from Nitish and discount is allowed to him)
  3,000 3,000
   Total c/f   3,16,900 3,16,900
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
01 Nov To Capital A/C   1,50,000 08 Nov By Furniture A/C   5,000
05 Nov To Sales A/C   12,000 10 Nov By Harish A/C   15,000
15 Nov To Sales A/C   15,000 13 Nov By Sundry Expenses A/C   200
29 Nov To Nitesh A/C   6,800 13 Nov By Bank A/C   5,000
  &nbsp     20 Nov By Drawings A/C   1,000
  &nbsp     22 Nov By Harish A/C   14,700
  &nbsp     26 Nov By Cartage A/C   200
  &nbsp     27 Nov By Rent A/C   1,500
  &nbsp     30 Nov By Salaries A/C   3,000
Dr. Stock A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
01 Nov To Capital A/C   50,000        
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        01 Nov By Stock A/C   50,000
          By Cash A/C   1,50,000
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005            
02 Nov To Harish A/C   30,000        
Dr. Harish A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
10 Nov To Cash A/C   15,000 02 Nov By Purchases A/C   30,000
22 Nov To Cash A/C   14,700        
  To Discount Received A/C   300        
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        05 Nov By Cash A/C   12,000
        15 Nov By Cash A/C   15,000
        25 Nov By Nitech A/C   7,000
Dr. Furniture A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
08 Nov To Cash A/C   5,000        
Dr. Sundry Expenses A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
13 Nov To Cash A/C   200        
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
18 Nov To Cash A/c   5,000        
Dr. Drawings A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
20 Nov To Cash A/C   1,000        
Dr. Discount Received A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        22 Nov By Harish A/C   300
Dr. Nitesh A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
25 Nov To Sales A/C   7,000 29 Nov By Cash A/C 6,800
          By Discount Allowed   200
Dr. Cartage A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
26 Nov To Cash A/C   200        
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
27 Nov To Cash A/C   1,500        
Dr. Discount Allowed A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
29 Nov To Nitesh A/C   200        
Dr. Salaries A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
30 Nov To Cash A/C   3,000        
17. Journalise the following transactions in the journal of M/S Goel Brothers and post them to the ledger.

2015  
Jan.01 Started business with cash 1,65,000
Jan.01 Opened bank account in PNB 80,000
Jan 04 Goods purchased from Tara 22,000
Jan.05 Goods purchased for cash 30,000
Jan.10 Cash paid to Tara 22,000
Jan 15 Cash received from Naman 11,700
  Discount Allowed 300
Jan. 16 Paid wages 200
Jan. 18 Furniture purchased for office use 5,000
Jan. 20 Withdrawn from bank for personal use 4,000
Jan. 22 Issued cheque for rent 3,000
Jan. 23 Goods issued for household purpose 2,000
Jan. 24 Drawn cash from bank for office use 6,000
Jan. 26 Commission received 1,000
Jan. 27 Bank charges 200
Jan. 28 Cheque given for insurance premium 3,000
Jan. 29 Paid Salary 7,000
Jan. 30 Cash sales 10,000
Journal
Date Particulars L.F Debit
Amount
Credit
Amount
2015        
01 Jan Cash A/CDr.
To Capital A/C
(Business started with Cash)
  1,65,000 1,65,000
02 Jan Bank A/CDr.
To Cash A/C
(Opened bank account in PNB)
  80,000 80,000
04 Jan Purchases A/CDr.
To Tara A/C
(Purchased Goods from Tara)
  22,000 22,000
05 Jan Purchases A/CDr.
To Cash A/C
(Goods purchased for cash)
  30,000 30,000
08 Jan Naman A/CDr.
To Sales A/C
(Goods sold to Naman)
  12,000 12,000
10 Jan Tara A/CDr.
To Sales A/C
(Cash Paid to Tara)
  22,000 22,000
15 Jan Cash A/CDr.   11,700  
  Discount Allowed A/CDr.
To Naman A/C
(Cash received from Naman)
  300 12,000
16 Jan Wages A/CDr.
To Cash A/C
(Wages paid)
  200 200
18 Jan Furniture A/CDr.
To Cash A/C
(Furniture purchased for office use)
  5,000 5,000
20 Jan Drawings A/CDr.
To Bank A/C
(Cash withdrawn from bank for personal use)
  4,000 4,000
22 Jan Rent A/CDr.
To bank A/C
(Issued cheque for rent)
  3,000 3,000
23 Jan Drawing A/CDr.
To Purchases A/C
(Goods issued for household purposes)
  2,000 2,000
24 Jan Cash A/CDr.
To Bank A/C
(Cash withdrawn from bank for office use)
  6,000 6,000
26 Jan Cash A/CDr.
To Commission A/C
(Commission Received)
  1,000 1,000
27 Jan Bank Charges A/CDr.
To Bank A/C
(Bank Charges Paid)
  200 200
28 Jan Insurance A/CDr.
To Bank A/C
(Cheque given for insurance premium)
  3,000 3,000
29 Jan Salaries A/CDr.To Cash A/C
(Salaries Paid)
  7,000 7,000
30 Jan Cash A/CDr.
To Sales A/C
(Goods sold for cash)
  10,000 10,000
   Total c/f   3,84,400 3,84,400
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
01 Jan To Capital A/C   1,65,000 02 Jan By Bank A/C   80,000
15 Jan To Naman A/C   11,700 05 Jan By Purchases A/C   30,000
24 Jan To Bank A/C   6,000 10 Jan By Tara A/C   22,000
26 Jan To Commission A/C   1,000 16 Jan By Wages A/C   200
30 Jan To Sales A/C   10,000 18 Jan By Furniture A/C   5,000
        29 Jan By Salaries A/C   7,000
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2006      
        01 Jan By Cash A/C   1,65,000
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
02 Jan To Cash A/C   80,000 20 Jan By Rent A/C   3,000
        23 Jan By Drawings A/C   4,000
        24 Jan By Cash A/C   6,000
        27 Jan   By Bank Charges A/C 200
        28 Jan   By Insurance A/C 3,000
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
04 Jan To Tara A/C   22,000 22 Jan By Drawing A/C   2,000
05 Jan To Cash A/C   30,000        
Dr. Tara A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
10 Jan To Cash A/C   22,000 04 Jan By Purchases A/C   22,000
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2006      
        08 Jan By Naman   12,000
        30 Jan By Cash A/C   10,000
Dr. Naman A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
08 Jan To Sales A/C   12,000 15 Jan By Cash A/C   11,700
          By Discount Allowed A/C   300
Dr. Discount Allowed A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
15 Jan To Naman A/C   300        
Dr. Wages A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
16 Jan To Cash A/C   200        
Dr. Furniture A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
18 Jan To Cash A/C   5,000        
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
20 Jan To Bank A/C   3,000        
Dr. Drawings A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
22 Jan To Purchases A/C   2,000        
23 Jan To Bank A/C   4,000        
Dr. Commission A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
        26 Jan By Cash A/C   1,000
Dr. Bank Charges A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
27 Jan To Bank A/C   200        
Dr. Insurance A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
27 Jan To Bank A/C   3,000        
Dr. Salaries A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2006       2006      
20 Jan To Cash A/C   7,000        
18. Give journal entries of M/S Mohit traders, Post them to the Ledger from the following transactions..

August 2014  
1. Commenced business with cash 1,10,000
2. Opened bank account with H.D.F.C 50,000
3. Purchased furniture 20,000
7. Bought goods for cash from M/s Rupa Traders 30,000
8. Purchased goods from M/s Hema Traders 42,000
10. Sold goods for cash 30,000
14. Sold goods on credit to M/s. Gupta Traders 12,000
16. Rent paid 4,000
18. Paid trade expenses 1,000
20. Received cash from Gupta Traders 12,000
22. Goods return to Hema Traders 2,000
23. Cash paid to Hema Traders 40,000
25 Bought postage stamps 100
30 Paid salary to Rishabh 4,000
Journal
Date Particulars L.F Debit
Amount
Credit
Amount
2005        
01 Aug Cash A/CDr.
To Capital A/C
(Business started with Cash)
  1,10,000 1,10,000
02 Aug Bank A/CDr.
To Cash A/C
(Opened back account in H.D.F.C)
  50,000 50,000
03 Aug Furniture A/CDr.
To Cash A/C
(Purchased furniture)
  20,000 20,000
07 Aug Purchases A/CDr.
To Cash A/C
(Goods purchased for cash from M/S Rupa Traders)
  30,000 30,000
08 Aug Purchases A/CDr.
To M/S Hema Traders A/C
(Goods purchased from M/S Hema Traders)
  42,000 42,000
10 Aug Sales A/CDr.
To Cash A/C
(Goods sold for cash)
  30,000 30,000
14 Aug Sales A/CDr.
To M/S. Gupta Traders A/C
(Goods sold to M/S. Gupta Traders on credit)
  12,000 12,000
16 Aug Rent A/CDr.
To Cash A/C
(Rent paid)
  4,000 4,000
18 Aug Trade Expenses A/CDr.
To Cash A/C
(Trade expenses paid)
  1,000 1,000
20 Aug Cash A/CDr.
To Gupta Traders A/C
(Cash received from Gupta Traders)
  12,000 12,000
22 Aug Hema Traders A/CDr.
To Purchases Return A/C
(Goods returned to Hema Traders)
  2,000 2,000
23 Aug Hema Traders A/CDr.
To Cash A/C
(Cash paid to Hema Traders)
  40,000 40,000
26 Aug Postage A/CDr.
To Cash A/C
(Bought Postage Stamps)
  100 100
30 Aug Salaries A/CDr.
To Cash A/C
(Salary Paid to Rishabh)
  4,000 4,000
   Total c/f   3,57,100 3,57,100
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
01 Aug To Capital A/C   1,10,000 02 Aug By Bank A/C   50,000
10 Aug To Sales A/C   30,000 03 Aug By Furniture A/C   20,000
20 Aug To Gupta Traders   12,000 07 Aug By Purchases A/C   30,000
        16 Aug By Rent A/C   4,000
        18 Aug By Trade Expenses A/C   1,000
        23 Aug By M/S Hema Traders   40,000
        26 Aug By Postage A/C   100
        30 Aug By Salaries A/C   4,000
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        01 Aug By Cash A/C   1,10,000
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
02 Aug To Cash A/C   1,10,000        
Dr. Furniture A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
03 Aug To Cash A/C   20,000        
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
07 Aug To Cash A/C   30,000        
08 Aug To M/S Hema Traders   42,000        
Dr. M/S Hema Traders A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
22 Aug To Purchases Return A/C   2,000 08 Aug By Purchases A/C   42,000
23 Aug To Cash A/C   40,000        
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        10 Aug By Cash A/C   30,000
        14 Aug By M/S Gupta Traders   12,000
Dr. M/S Gupta Traders A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
14 Aug To Sales A/C   12,000 14 Aug By Cash A/C   12,000
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
16 Aug To Cash A/C   4,000        
Dr. Trade Expenses A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
18 Aug To Cash A/C   1,000        
Dr. Purchas Returns A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
22 Aug To M/S Hema Traders   2,000        
Dr. Postage A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
26 Aug To Cash A/C   100        
Dr. Salries A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
30 Aug To Cash A/C   4,000        
19. Journalise the following transaction in the Books of the M/S Bhanu Traders and post them into the ledger

December, 2014  
1. Started business with cash 92,000
2. Deposited into bank 60,000
4. Bought goods on credit from Himan 40,000
6. Purchased goods from cash 20,000
8. Returned goods to Himani 4,000
10. Sold goods for cash 20,000
14. Cheque given to Himani 36,000
17. Goods sold to M/S Goyal Traders. 3,50,000
19. Drew cash from bank for personal use 2,000
21. Goyal traders returned goods 3,500
22. Cash deposited into bank 20,000
26. Cheque received from Goyal Traders 31,500
28. Goods given as charity 2,000
29. Rent Paid 3,000
29. Salary Paid 7,000
31. Office machine purchased for cash 3,000
Journal
Date Particulars L.F Debit
Amount
Credit
Amount
2005        
01 Dec Cash A/CDr.
To Capital A/C
(Business started with Cash)
  92,000 92,000
02 Dec Bank A/CDr.
To Cash A/C
(Cash is deposited in the bank)
  60,000 60,000
04 Dec Purchases A/CDr.
To Himani A/C
(Purchased goods from Himani on credit)
  40,000 40,000
06 Dec Purchases A/CDr.
To Cash A/C
(Goods purchased for cash)
  20,000 20,000
08 Dec Himan A/CDr.
To Purchase Returns A/C
(Goods returned to Himani)
  4,000 4,000
10 Dec Cash A/CDr.
To Sales A/C
(Goods sold for cash)
  20,000 20,000
14 Dec Himan A/CDr.
To Bank A/C
(Cheque given to Himani)
  36,000 36,000
17 Aug M/S Goyal Traders A/CDr.
To Sales A/C
(Goods sold to M/S Goyal Traders)
  35,000 35,000
19 Aug Drawings A/CDr.
To Bank A/C
(Cash withdrawn from bank for personal use)
  2,000 2,000
21 Dec Sales Return A/CDr.
To M/S Goyal Traders A/C
(Goods returned by Goyal Traders)
  3,500 3,500
22 Dec Bank A/CDr.
To Cash Return A/C
(Cash Deposited into Bank)
  20,000 20,000
26 Dec Bank A/CDr.
To Goyal Traders A/C
(Cheque received from Goyal Traders)
  31,500 31,500
28 Dec Charity A/CDr.
To Purchases A/C
(Goods given as charity)
  2,000 2,000
29 Dec Rent A/CDr.
To Cash A/C
(Rent Paid)
  3,000 3,000
30 Dec Salary A/CDr.
To Cash A/C
(Salary Paid)
  7,000 7,000
31 Dec Office machinery A/CDr.
To Cash A/C
(Office machinery purchased for cash)
  3,000 3,000
   Total c/f   3,79,100 3,79,100
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
01 Dec To Capital A/C   92,000 02 Dec By Bank A/C   60,000
10 Dec To Sales A/C   20,000 06 Dec By Purchases A/C   20,000
        22 Dec By Bank A/C   22,000
        29 Dec By Rent A/C   3,000
        30 Dec By Salaries A/C   7,000
        31 Dec By Office machinery A/C   3,000
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        01 Dec By Cash A/C   92,000
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
02 Dec To Cash A/C   60,000 19 Dec To Drawings A/C   2,000
14 Dec To Himani   36,000        
22 Dec To Cash A/C   22,000        
26 Dec To M/S Goyal Traders   31,500        
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
04 Dec To Himani A/C   40,000 28 Dec By Charity A/C   2,000
06 Dec To Cash A/C   20,000        
Dr. Himani A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
08 Dec To Purchases Return A/C   4,000 04 Dec By Purchases A/C   40,000
14 Dec To Bank A/C   36,000        
Dr. Purchase Returns A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        08 Dec By Himani A/C   4,000
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        08 Dec To Cash A/C   20,000
        17 Dec To M/S Goyal Traders   35,000
Dr. M/S Goyal Traders A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
17 Dec To Sales   35,000 21 Dec By Sales Return A/C   3,500
        26 Dec By Bank A/C   31,500
Dr. Drawings A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
19 Dec To bank A/C   2,000        
Dr. Sales Returns A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
21 Dec To M/S Goyal Traders   3,500        
Dr. Charity A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
28 Dec To Purchases A/C   2,000        
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
29 Dec To Cash A/C   3,000        
Dr. Salaries A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
30 Dec To Cash A/C   7,000        
Dr. Office Machinery A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
31 Dec To Cash A/C   3,000        
Journalise the following transaction in the Book of M/S Beauti traders. Also post them in the ledger

Dec. 2014  
1. Started business with cash 2,00,000
2. Bought office furniture 30,000
3. Paid into bank to open a current account 1,00,000
5. Purchased a computer and paid by cheque 2,50,000
6. Bought goods on credit from Ritika 60,000
8. Cash Sales 30,000
9. Sold goods to Karishma on credit 25,000
12. Cash paid to Mansi on account. 30,000
14. Goods returned to Ritika 2,000
15. Stationery purchased for cash 3,000
16. Paid wages 1,000
18. Goods returned to Karishma 2,000
20. Cheque given to Ritika 28,000
22. Cash received from Karishma on account 15,000
24. Insurance premium paid by cheque 4,000
26. Cheque received from Karishma 8,000
28. Rent paid by cheque 3,000
29. Purchased goods on credit from Meena Traders 20,000
30. Cash sales 14,000





Journal
Date Particulars L.F Debit
Amount
Credit
Amount
2005        
01 Dec Cash A/CDr.
To Capital A/C
(Business started with Cash)
  2,00,000 2,00,000
02 Dec Office Furniture A/CDr.
To Cash A/C
(Purchased the office furniture)
  30,000 30,000
03 Dec Bank A/CDr.
To Cash A/C
(Opened bank account with cash)
  1,00,000 1,00,000
05 Dec Computers A/CDr.
To Bank A/C
(Purchased computer by issuing cheque)
  2,50,000 2,50,000
06 Dec Purchases A/CDr.
To Ritika A/C
(Goods purchased from Ritika)
  60,000 60,000
08 Dec Cash A/CDr.
To Sales A/C
(Goods sold for cash)
  30,000 30,000
09 Dec Karishma A/CDr.
To Sales A/C
(Cheque given to Himani)
  25,000 25,000
12 Dec Mansi A/CDr.
To Cash A/C
(Cash paid to Mansi on account)
  30,000 30,000
14 Dec Ritika A/CDr.
To Purchases Return A/C
(Goods returned to Ritika)
  2,000 2,000
15 Dec Stationery A/CDr.
To Cash A/C
(Purchased Stationery)
  3,000 3,000
16 Dec Wages A/CDr.
To Cash A/C
(Wages Paid)
  1,000 1,000
18 Dec Sales Return A/CDr.
To Karishma A/C
(Goods returned to Karishma)
  2,000 2,000
20 Dec Ritika A/CDr.
To Bank A/C
(Paid to Ritika by cheque)
  28,000 28,000
22 Dec Cash A/CDr.
To Karishma A/C
(Cash received from Karishma on account)
  15,000 15,000
24 Dec Insurance A/CDr.
To Bank A/C
(Insurance Paid by cheque)
  4,000 4,000
26 Dec Bank A/CDr.
To Karishma A/C
(Cheque received from Karishma)
  8,000 8,000
28 Dec Rent A/CDr.
To Bank A/C
(Rent paid by cheque)
  3,000 3,000
29 Dec Purchases A/CDr.
To Meena Traders A/C
(Credit purchase of goods from Meena Traders)
  20,000 20,000
30 Dec Cash A/CDr.
To Sales A/C
(Goods sold for cash)
  14,000 14,000
   Total c/f   8,25,100 8,25,100
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
01 Dec To Capital A/C   2,00,000 02 Dec By Office Furniture A/C   30,000
08 Dec To Sales A/C   30,000 05 Dec By Bank A/C   1,00,000
22 Dec To Karishma A/C   15,000 By Mansi A/C   30,000
30 Dec To Sales A/C   14,000 15 Dec By Stationery A/C   3,000
        16 Dec By Wages A/C   1,000
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        01 Dec By Cash A/C   2,00,000
Dr. Office Furniture A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
02 Dec To Cash A/C   30,000        
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
03 Dec To Cash A/C   1,00,000 05 Dec By Computers A/C   2,50,000
26 Dec To Karishma A/C   8,000 20 Dec By Ritika A/C   28,000
        24 Dec By Insurance A/C   4,000
        28 Dec By Rent A/C   8,000
Dr. Computers A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
05 Dec To Bank A/C   2,50,000        
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
06 Dec To Ritika   60,000        
29 Dec To Meena Traders A/C   20,000        
Dr. Ritika A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
14 Dec To Purchases Return A/C   2,000 06 Dec By Purchases A/C   60,000
20 Dec To Bank A/C   28,000        
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
        08 Dec By Cash A/C   30,000
        09 Dec By Karishma A/C   25,000
        30 Dec By Cash   14,000
Dr. Karishma A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
09 Dec To Sales A/C   25,000 18 Dec By Sales Return A/C   2,000
        22 Dec By Cash A/C   15,000
        26 Dec By Bank A/C   8,000
Dr. Mansi A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005       2005      
12 Dec To Cash A/C   30,000        
Dr. Purchases Return A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
14 Dec To Ritika A/C   2,000        
Dr. Stationery A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
15 Dec To Cash A/C   3,000        
Dr. Wages A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
16 Dec To Cash A/C   1,000        
Dr. Sales Return A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
18 Dec To Karishma A/C   2,000        
Dr. Insurance A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
24 Dec To Bank A/C   4,000        
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2005              
28 Dec To Bank A/C   8,000        
Dr. Meena Traders A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2005      
        29 Dec By Purchases A/C   20,000
21. Journalise the following transactions in the books of Sanjana and post them into ledger:

January, 2015  
1. Cash in hand 6,000
  Cash at bank 55,000
  Stock of goods 40,000
  Due to Rohan 6,000
  Due from Tarun 10,000
3. Sold goods to Karuna 15,000
4. Cash Sales 10,000
6. Goods sold to Heena 5,000
8. Purchased goods from Rupali 30,000
10. Goods returned from Karuna 2,000
14. Cash received from Karuna 13,000
15. Cheque given to Rohan 6,000
16. Cash received from Heena 3,000
20. Cheque received from Tarun 10,000
22. Cheque received from Heena 2,000
25. Cash given to Rupali 18,000
26. Paid cartage 1,000
27. Paid Salary 8,000
28. Cash sales 7,000
29. Cheque given to Rupali 12,000
30. Sanjana took goods for Personal use 4,000
Journal
Date Particulars L.F Debit
Amount
Credit
Amount
2015        
01 Jan Cash A/CDr.   6,000  
  Bank A/CDr.   55,000  
  Stock A/CDr.   40,000  
  Tarun A/CDr.
To Rohan A/C
To Capital A/C(Balance from above transactions)
(Totals brought forward from last year)
  10,000 6,000
1,05,000
03 Jan Karuna A/CDr.
To Sales A/C
(Goods sold to Karuna)
  15,000 15,000
04 Jan Cash A/CDr.
To Sales A/C
(Sold goods for cash)
  10,000 10,000
06 Jan Heena A/CDr.
To Sales A/C
(Goods sold to Heena)
  5,000 5,000
08 Jan Purchases A/CDr.
To Rupali A/C
(Goods purchased from Rupali)
  30,000 30,000
10 Jan Sales Return A/CDr.
To Karuna A/C
(Goods returned from Karuna)
  2,000 2,000
14 Jan Cash A/CDr.
To Karuna A/C
(Cash received from Karuna)
  13,000 13,000
15 Jan Rohan A/CDr.
To Bank A/C
(Cheque given to Rohan)
  6,000 6,000
16 Jan Cash A/CDr.
To Heena Return A/C
(Cash received from Heena)
  3,000 3,000
20 Jan Bank A/CDr.
To Tarun A/C
(Cheque received from Tarun)
  10,000 10,000
22 Jan Bank A/CDr.
To Heena A/C
(Cheque received from Heena)
  2,000 2,000
25 Jan Rupali A/CDr.
To Cash A/C
(Cash given to Rupali)
  18,000 18,000
26 Jan Cartage A/CDr.
To Cash A/C
(Cash paid for cartage)
  1,000 1,000
27 Dec Salaries A/CDr.
To Cash A/C
(Salary Paid)
  8,000 8,000
28 Jan Cash A/CDr.
To Sales A/C
(Goods sold for cash)
  7,000 7,000
29 Jan Rupali A/CDr.
To Bank A/C
(Cheque given to Rupali)
  12,000 12,000
30 Jan Drawings A/CDr.
To Purchases A/C
(Goods taken for personal use)
  4,000 4,000
31 Jan General Expenses A/CDr.
To Cash A/C
(General Expenses Paid)
  500 500
   Total c/f   2,57,100 2,57,100
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan to Balance b/d   6,000 25 Jan By Rupali   18,000
04 Jan To Sales A/C   10,000 26 Jan By Cartage A/C   1,000
14 Jan To Karuna   13,000 27 Jan By Salaries A/C   8,000
16 Jan To Heena A/C   3,000 31 Jan By General Expenses A/C   500
28 Jan To Sales A/C   7,000        
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
        2015      
        01 Jan By Balance A/C   1,05,000
Dr. Bank A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan To balance b/d   55,000 15 Jan By Rohan   6,000
20 Jan To Tarun   10,000 29 Jan By Rupali   12,000
22 Jan To Heena   2,000        
Dr. Stock A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan To balance b/d   40,000        
Dr. Tarun A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan To Balance b/d   10,000 20 Jan By Bank A/C   10,000
Dr. Rohan A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan To Hank A/C   6,000 01 Jan By Balance b/d   6,000
Dr. Karuna A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
01 Jan To Sales A/C   15,000 10 Jan By Sales Return   2,000
        14 Jan By Cash A/C   13,000
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
        03 Jan By Karun A/C   15,000
        04 Jan By Cash A/C   10,000
        06 Jan By Heena A/C   6,000
        28 Jan By Cash A/C   7,000
Dr. Heena A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
06 Jan To Sales A/C   6,000 16 Jan By Cash A/C   3,000
        22 Jan By Bank A/C   2,000
Dr. Rupali A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
25 Jan To Cash A/C   18,000 08 Jan By Purchases A/C   30,000
29 Jan To Bank A/C   12,000        
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
08 Jan To Rupali A/C   30,000 30 Jan By Drawings A/C   4,000
Dr. Sales Return A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015              
10 Jan To Karuna A/C   2,000        
Dr. Cartage A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
26 Jan To Cash A/C   1,000        
Dr. Salaries A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015       2015      
27 Jan To Cash A/C   8,000        
Dr. Drawings A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015              
30 Jan To Purchases A/C   4,000        
Dr. General Expenses A/C Cr.
Date Particulars J.F. Amount
Date Particulars J.F. Amount
2015              
31 Jan To Cash A/C   500        

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You might also want to refer the following pages.

  1. Introduction to Accounting
  2. Theory Base of Accounting
  3. Recording of Transactions – I
    1. Answers to Theoretical Questions
    2. Accounting Equation Numerical Questions Solutions
    3. Journalising Numerical Questions Solutions
    4. Posting Numerical Questions Solutions
  4. Recording of Transactions – II
  5. Bank Reconciliation Statement