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 L.F 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 L.F 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 L.F 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 L.F 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 L.F 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 L.F 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:

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


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
    5. Tips for Accounting Equation, Journalizing and Posting
  4. Recording of Transactions – II
  5. Bank Reconciliation Statement