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.

2017		₹
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

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Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
Nov.01	Cash A/cDr.	1,50,000
	Stock A/cDr. To Capital A/c (Being Business started with cash and goods)	50,000	2,00,000
Nov.03	Purchases A/cDr. To Harish A/c (Being goods purchased from Harish)	30,000	30,000
Nov.05	Cash A/cDr. To Sales A/c (Being goods sold for cash)	12,000	12,000
Nov.08	Furniture A/cDr. To Cash A/c (Being furniture purchased for cash)	5,000	5,000
Nov.10	Harish A/cDr. To Cash A/c (Being cash paid to Harish on account)	15,000	15,000
Nov.13	Sundry Expenses A/cDr. To Cash A/c (Being sundry expenses paid)	200	200
Nov.15	Cash A/cDr. To Sales A/c (Being cash sales)	15,000	15,000
Nov.18	Bank A/cDr. To Cash A/c (Being cash deposited into bank)	5,000	5,000
Nov.20	Drawings A/cDr. To Cash A/c (Being cash drawn for personal use)	1,000	1,000
Nov.22	Harish A/cDr. To Cash A/c To Discount Received A/c (Being cash paid to Harish in full settlement of account)	15,000	14,700 300
Nov.25	Nitesh A/cDr. To Sales A/c (Being goods sold to Nitesh)	7,000	7,000
Nov.26	Cartage A/cDr. To Cash A/c (Being cartage paid)	200	200
Nov.27	Rent A/cDr. To Cash A/c (Being rent paid)	1,500	1,500
Nov.29	Cash A/cDr.	6,800
	Discount allowed A/cDr. To Nitesh A/c (Being cash received from Nitish and discount is allowed to him)	200	7,000
Nov.30	Salary A/cDr. To Cash A/c (Being salary paid)	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 ₹
2017				2017
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	18 Nov	By Bank A/c		5,000
				20 Nov	By Drawings A/c		1,000
				22 Nov	By Harish A/c		14,700
				26 Nov	By Cartage A/c		200
				27 Nov	By Rent A/c		1,500
				30 Nov	By Salaries A/c		3,000

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
01 Nov	To Capital A/c		50,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				01 Nov	By Cash A/c		1,50,000
					By Stock A/c		50,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
02 Nov	To Harish A/c		30,000

Dr.	Harish A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
				2017
				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 ₹
2017
08 Nov	To Cash A/c		5,000

Dr.	Sundry Expenses A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
13 Nov	To Cash A/c		200

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
18 Nov	To Cash A/c		5,000

Dr.	Drawings A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
20 Nov	To Cash A/c		1,000

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				22 Nov	By Harish A/c		300

Dr.	Nitesh A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
2017
26 Nov	To Cash A/c		200

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
27 Nov	To Cash A/c		1,500

Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
29 Nov	To Nitesh A/c		200

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
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.

2017		₹
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.08	Goods Sold to Naman	12,000
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

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Books of M/s Goel Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
2017
01 Jan	Cash A/cDr. To Capital A/c (Being business started with Cash)	1,65,000	1,65,000
02 Jan	Bank A/cDr. To Cash A/c (Being bank account opened in PNB)	80,000	80,000
04 Jan	Purchases A/cDr. To Tara A/c (Being goods Purchased from Tara)	22,000	22,000
05 Jan	Purchases A/cDr. To Cash A/c (Being goods purchased for cash)	30,000	30,000
08 Jan	Naman A/cDr. To Sales A/c (Being goods sold to Naman)	12,000	12,000
10 Jan	Tara A/cDr. To Cash A/c (Being cash paid to Tara)	22,000	22,000
15 Jan	Cash A/cDr.	11,700
	Discount Allowed A/cDr. To Naman A/c (Being cash received from Naman)	300	12,000
16 Jan	Wages A/cDr. To Cash A/c (Being wages paid)	200	200
18 Jan	Furniture A/cDr. To Cash A/c (Being furniture purchased for office use)	5,000	5,000
20 Jan	Drawings A/cDr. To Bank A/c (Being cash withdrawn from bank for personal use)	4,000	4,000
22 Jan	Rent A/cDr. To bank A/c (Being cheque issued for rent)	3,000	3,000
23 Jan	Drawing A/cDr. To Purchases A/c (Being goods issued for household purposes)	2,000	2,000
24 Jan	Cash A/cDr. To Bank A/c (Being cash withdrawn from bank for office use)	6,000	6,000
26 Jan	Cash A/cDr. To Commission A/c (Being commission received)	1,000	1,000
27 Jan	Bank Charges A/cDr. To Bank A/c (Being bank charges paid)	200	200
28 Jan	Insurance A/cDr. To Bank A/c (Being cheque given for insurance premium)	3,000	3,000
29 Jan	Salaries A/cDr. To Cash A/c (Being salary paid)	7,000	7,000
30 Jan	Cash A/cDr. To Sales A/c (Being 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 Drawings A/c		4,000
				22 Jan	By Rent A/c		3,000
				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	23 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
22 Jan	To Bank A/c		3,000

Dr.	Drawings A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2006				2006
20 Jan	To Bank A/c		4,000
23 Jan	To Purchases A/c		2,000

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 2017		₹
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 returned 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

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Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
2017
01 Aug	Cash A/cDr. To Capital A/c (Being business commenced with cash)	1,10,000	1,10,000
02 Aug	Bank A/cDr. To Cash A/c (Being bank account opened with H.D.F.C)	50,000	50,000
03 Aug	Furniture A/cDr. To Cash A/c (Being furniture purchased for cash)	20,000	20,000
07 Aug	Purchases A/cDr. To Cash A/c (Being 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 (Being goods purchased from M/s Hema Traders on credit)	42,000	42,000
10 Aug	Cash A/cDr. To Sales A/c (Being goods sold for cash)	30,000	30,000
14 Aug	M/s. Gupta Traders A/cDr. To Sales A/c (Being goods sold to M/s. Gupta Traders on credit)	12,000	12,000
16 Aug	Rent A/cDr. To Cash A/c (Being rent paid)	4,000	4,000
18 Aug	Trade Expenses A/cDr. To Cash A/c (Being trade expenses paid)	1,000	1,000
20 Aug	Cash A/cDr. To Gupta Traders A/c (Being cash received from Gupta Traders)	12,000	12,000
22 Aug	Hema Traders A/cDr. To Purchases Returns A/c (Being goods returned to Hema Traders)	2,000	2,000
23 Aug	Hema Traders A/cDr. To Cash A/c (Being cash paid to Hema Traders)	40,000	40,000
25 Aug	Postage A/cDr. To Cash A/c (Being postage stamps bought)	100	100
30 Aug	Salaries A/cDr. To Cash A/c (Being 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 ₹
2017				2017
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 A/c		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
				25 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 ₹
				2017
				01 Aug	By Cash A/c		1,10,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
02 Aug	To Cash A/c		50,000

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
03 Aug	To Cash A/c		20,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
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 ₹
2017				2017
22 Aug	To Purchases Returns 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 ₹
				2017
				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 ₹
2017				2017
14 Aug	To Sales A/c		12,000	20 Aug	By Cash A/c		12,000

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
16 Aug	To Cash A/c		4,000

Dr.	Trade Expenses A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
18 Aug	To Cash A/c		1,000

Dr.	Purchases Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				22 Aug	By M/s Hema Traders		2,000

Dr.	Postage A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
25 Aug	To Cash A/c		100

Dr.	Salries A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
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, 2017		₹
1.	Started business with cash	92,000
2.	Deposited into bank	60,000
4.	Bought goods on credit from Himani	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.	35,000
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
30.	Salary Paid	7,000
31.	Office machine purchased for cash	3,000

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Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
2017
01 Dec	Cash A/cDr. To Capital A/c (Being business started with Cash)	92,000	92,000
02 Dec	Bank A/cDr. To Cash A/c (Being cash is deposited in the bank)	60,000	60,000
04 Dec	Purchases A/cDr. To Himani A/c (Being goods purchased from Himani on credit)	40,000	40,000
06 Dec	Purchases A/cDr. To Cash A/c (Being goods purchased for cash)	20,000	20,000
08 Dec	Himani A/cDr. To Purchases Returns A/c (Being goods returned to Himani)	4,000	4,000
10 Dec	Cash A/cDr. To Sales A/c (Being goods sold for cash)	20,000	20,000
14 Dec	Himani A/cDr. To Bank A/c (Being cheque given to Himani)	36,000	36,000
17 Aug	M/s Goyal Traders A/cDr. To Sales A/c (Being goods sold to M/s Goyal Traders)	35,000	35,000
19 Aug	Drawings A/cDr. To Bank A/c (Being cash withdrawn from bank for personal use)	2,000	2,000
21 Dec	Sales Returns A/cDr. To M/s Goyal Traders A/c (Being goods returned by Goyal Traders)	3,500	3,500
22 Dec	Bank A/cDr. To Cash A/c (Being cash deposited into Bank)	20,000	20,000
26 Dec	Bank A/cDr. To M/s Goyal Traders A/c (Being cheque received from Goyal Traders)	31,500	31,500
28 Dec	Charity A/cDr. To Purchases A/c (Being goods given as charity)	2,000	2,000
29 Dec	Rent A/cDr. To Cash A/c (Being rent Paid)	3,000	3,000
30 Dec	Salary A/cDr. To Cash A/c (Being 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 ₹
2017				2017
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 ₹
				2017
				01 Dec	By Cash A/c		92,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
02 Dec	To Cash A/c		60,000	14 Dec	By Himani A/c		36,000
22 Dec	To Cash A/c		22,000	19 Dec	By Drawings A/c		2,000
26 Dec	To M/s Goyal Traders		31,500

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
2017				2017
08 Dec	To Purchases Returns A/c		4,000	04 Dec	By Purchases A/c		40,000
14 Dec	To Bank A/c		36,000

Dr.	Purchases Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				08 Dec	By Himani A/c		4,000

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				10 Dec	By Cash A/c		20,000
				17 Dec	By M/s Goyal Traders		35,000

Dr.	M/s Goyal Traders A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
17 Dec	To Sales		35,000	21 Dec	By Sales Returns 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 ₹
2017
19 Dec	To bank A/c		2,000

Dr.	Sales Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
21 Dec	To M/s Goyal Traders		3,500

Dr.	Charity A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
28 Dec	To Purchases A/c		2,000

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
29 Dec	To Cash A/c		3,000

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
30 Dec	To Cash A/c		7,000

Dr.	Office Machinery A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
31 Dec	To Cash A/c		3,000

20. Journalise the following transaction in the Book of M/s Beauti traders. Also post them in the ledger

Dec. 2017		₹
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 Karishna 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 by Karishna	2,000
20.	Cheque given to Ritika	28,000
22.	Cash received from Karishna on account	15,000
24.	Insurance premium paid by cheque	4,000
26.	Cheque received from Karishna	8,000
28.	Rent paid by cheque	3,000
29.	Purchased goods on credit from Meena Traders	20,000
30.	Cash sales	14,000

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Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
2017
01 Dec	Cash A/cDr. To Capital A/c (Being business started with cash)	2,00,000	2,00,000
02 Dec	Office Furniture A/cDr. To Cash A/c (Being office furniture purchased on cash)	30,000	30,000
03 Dec	Bank A/cDr. To Cash A/c (Being bank account opened with cash)	1,00,000	1,00,000
05 Dec	Computers A/cDr. To Bank A/c (Being computer purchased by issuing cheque)	2,50,000	2,50,000
06 Dec	Purchases A/cDr. To Ritika A/c (Being goods purchased from Ritika)	60,000	60,000
08 Dec	Cash A/cDr. To Sales A/c (Being goods sold for cash)	30,000	30,000
09 Dec	Karishna A/cDr. To Sales A/c (Being goods sold to Karishna on credit)	25,000	25,000
12 Dec	Mansi A/cDr. To Cash A/c (Being cash paid to Mansi on account)	30,000	30,000
14 Dec	Ritika A/cDr. To Purchases Returns A/c (Being goods returned to Ritika)	2,000	2,000
15 Dec	Stationery A/cDr. To Cash A/c (Being stationery purchased)	3,000	3,000
16 Dec	Wages A/cDr. To Cash A/c (Being wages paid)	1,000	1,000
18 Dec	Sales Returns A/cDr. To Karishna A/c (Being goods returned to Karishna)	2,000	2,000
20 Dec	Ritika A/cDr. To Bank A/c (Being payment done to Ritika by cheque)	28,000	28,000
22 Dec	Cash A/cDr. To Karishna A/c (Being cash received from Karishna on account)	15,000	15,000
24 Dec	Insurance A/cDr. To Bank A/c (Being insurance paid by cheque)	4,000	4,000
26 Dec	Bank A/cDr. To Karishna A/c (Being cheque received from Karishna)	8,000	8,000
28 Dec	Rent A/cDr. To Bank A/c (Being rent paid by cheque)	3,000	3,000
29 Dec	Purchases A/cDr. To Meena Traders A/c (Being goods purchased on credit from Meena Traders)	20,000	20,000
30 Dec	Cash A/cDr. To Sales A/c (Being 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 ₹
2017				2017
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	03 Dec	By Bank A/c		1,00,000
22 Dec	To Karishna A/c		15,000	12 Dec	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 ₹
				2017
				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 ₹
2017
02 Dec	To Cash A/c		30,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
03 Dec	To Cash A/c		1,00,000	05 Dec	By Computers A/c		2,50,000
26 Dec	To Karishna 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		3,000

Dr.	Computers A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
05 Dec	To Bank A/c		2,50,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
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 ₹
2017				2017
14 Dec	To Purchases Returns 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 ₹
				2017
				08 Dec	By Cash A/c		30,000
				09 Dec	By Karishna A/c		25,000
				30 Dec	By Cash		14,000

Dr.	Karishna A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
09 Dec	To Sales A/c		25,000	18 Dec	By Sales Returns 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 ₹
2017				2017
12 Dec	To Cash A/c		30,000

Dr.	Purchases Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				14 Dec	To Ritika A/c		2,000

Dr.	Stationery A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
15 Dec	To Cash A/c		3,000

Dr.	Wages A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
16 Dec	To Cash A/c		1,000

Dr.	Sales Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
18 Dec	To Karishna A/c		2,000

Dr.	Insurance A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
24 Dec	To Bank A/c		4,000

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
28 Dec	To Bank A/c		3,000

Dr.	Meena Traders A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
				2017
				29 Dec	By Purchases A/c		20,000

21. Journalise the following transactions in the books of Sanjana and post them into ledger:

January, 2017		₹
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
31.	Paid General expense	500

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Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
2017
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) (Being totals brought forward from last year)	10,000	6,000 1,05,000
03 Jan	Karuna A/cDr. To Sales A/c (Being goods sold to Karuna)	15,000	15,000
04 Jan	Cash A/cDr. To Sales A/c (Being goods sold for cash)	10,000	10,000
06 Jan	Heena A/cDr. To Sales A/c (Being goods sold to Heena)	5,000	5,000
08 Jan	Purchases A/cDr. To Rupali A/c (Being goods purchased from Rupali)	30,000	30,000
10 Jan	Sales Returns A/cDr. To Karuna A/c (Being goods returned from Karuna)	2,000	2,000
14 Jan	Cash A/cDr. To Karuna A/c (Being cash received from Karuna)	13,000	13,000
15 Jan	Rohan A/cDr. To Bank A/c (Being cheque given to Rohan)	6,000	6,000
16 Jan	Cash A/cDr. To Heena A/c (Being cash received from Heena)	3,000	3,000
20 Jan	Bank A/cDr. To Tarun A/c (Being cheque received from Tarun)	10,000	10,000
22 Jan	Bank A/cDr. To Heena A/c (Being cheque received from Heena)	2,000	2,000
25 Jan	Rupali A/cDr. To Cash A/c (Being cash given to Rupali)	18,000	18,000
26 Jan	Cartage A/cDr. To Cash A/c (Being cash paid to cartage)	1,000	1,000
27 Dec	Salaries A/cDr. To Cash A/c (Being salary Paid)	8,000	8,000
28 Jan	Cash A/cDr. To Sales A/c (Being goods sold for cash)	7,000	7,000
29 Jan	Rupali A/cDr. To Bank A/c (Being cheque given to Rupali)	12,000	12,000
30 Jan	Drawings A/cDr. To Purchases A/c (Being goods withdrawn for personal use)	4,000	4,000
31 Jan	General Expenses A/cDr. To Cash A/c (Being general expenses paid)	500	500
	Total c/f	2,57,500	2,57,500

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
				2017
				01 Jan	By Balance A/c		1,05,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
2017
01 Jan	To Balance b/d		40,000

Dr.	Tarun A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
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 ₹
2017				2017
15 Jan	To Bank 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 ₹
2017				2017
03 Jan	To Sales A/c		15,000	10 Jan	By Sales Returns A/c		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 ₹
				2017
				03 Jan	By Karuna A/c		15,000
				04 Jan	By Cash A/c		10,000
				06 Jan	By Heena A/c		5,000
				28 Jan	By Cash A/c		7,000

Dr.	Heena A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
06 Jan	To Sales A/c		5,000	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 ₹
2017				2017
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 ₹
2017				2017
08 Jan	To Rupali A/c		30,000	30 Jan	By Drawings A/c		4,000

Dr.	Sales Returns A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
10 Jan	To Karuna A/c		2,000

Dr.	Cartage A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
26 Jan	To Cash A/c		1,000

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017				2017
27 Jan	To Cash A/c		8,000

Dr.	Drawings A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
30 Jan	To Purchases A/c		4,000

Dr.	General Expenses A/c						Cr.
Date	Particulars	J.F.	Amount ₹	Date	Particulars	J.F.	Amount ₹
2017
31 Jan	To Cash A/c		500

22. Record journal entries for the following transactions in the books of Anudeep of Delhi:

Bought goods ₹ 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%)
Bought goods ₹ 1,00,000 for cash from Rajasthan (IGST @ 12%)
Sold goods ₹ 1,50,000 to Sudhir of Punjab (IGST @ 18%)
Paid for Railway Transport ₹ 10,000 (CGST @ 5%, SGST @ 5%)
Sold goods ₹ 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%)
Bought Air-Condition for office use ₹ 60,000 (CGST @ 9%, SGST @ 9%)
Sold goods ₹ 1,50,000 for cash to Sunil to Uttar Pradesh (IGST 18%)
Bought Motor Cycle for business use ₹ 50,000 (CGST 14%, SGST @ 14%)
(Paid for Broadband services ₹ 4,000 (CGST @ 9%, SGST @ 0%)
Bought goods ₹ 50,000 from Rajesh, Delhi (CGST @ 9%, SGST @ 9%)

Books of Anudeep Journal
Date	Particulars	Debit Amount ₹	Credit Amount ₹
(a)	Purchases A/cDr.	2,00,000
	Input CGST A/cDr.	18,000
	Input SGST A/cDr. To Kanta A/c (Being goods bought from Kanta withing the state)	18,000	2,36,000
(b)	Purchases A/cDr.	1,00,000
	Input IGST A/cDr. To Cash A/c (Being goods bought for cash from outside the state i.e. Rajasthan)	12,000	1,12,000
(c)	Sudhir A/cDr. To Cash A/c To Output IGST A/c (Being goods sold to Sudhir outside the state i.e. Punjab)	1,77,000	1,50,000 27,000
(d)	Transport Expenses A/cDr.	10,000
	Input CGST A/cDr.	500
	Input SGST A/cDr. To Bank A/c (Being Transport expenses paid withing the state)	500	11,000
(e)	Sidhu A/cDr. To Sales A/c To Output CGST A/c To Output SGST A/c (Being goods sold to Sidhu on credit within state)	1,41,600	1,20,000 10,800 10,800
(f)	Air Conditioner A/cDr.	60,000
	Input CGST A/cDr.	5,400
	Input SGST A/cDr. To Cash A/c (Being Air Conditioner bought for office use within the state)	5,400	70,800
(g)	Cash A/cDr. To Sales A/c To Output IGST A/c (Being goods sold for cash outside the state)	1,77,000	1,50,000 27,000
(h)	Motor Cycle A/cDr.	50,000
	Input CGST A/cDr.	7,000
	Input SGST A/cDr. To Cash A/c (Being motor cycle bought for office use, within state)	7,000	64,000
(i)	Broadband Expenses A/cDr.	4,000
	Input CGST A/cDr. To Bank A/c (Being broadband expenses incurred, within state)	360	4,360
(j)	Purchases A/cDr.	50,000
	Input CGST A/cDr.	4,500
	Input SGST A/cDr. To Rajesh A/c (Being goods purchased on credit from Rajesh, within state)	4,500	59,000
	Output IGST A/cDr.	54,000
	Output CGST A/cDr.	12,000
	Output SGST A/cDr. To Input IGST A/c To Input CGST A/c To Input SGST A/c (Being goods purchased on credit from Rajesh, within state)	12,000	12,000 33,000 33,000

Calculation Sheet
Particulars	CGST	SGST	IGST
Output Liability	10,800	10,800	54,000
Loss:Input tax credit
CGST	35,760
SGST		35,400
IGST	-24,960	-17,040	54,000
Payable	0	-7,560	0

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