Recording of Transactions – II – Recording, Posting and Balancing Solutions

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  2. Simple Cash Book Numerical Questions Solutions
  3. Bank Column Cash Book Numerical Questions Solutions
  4. Petty Cash Book Numerical Questions Solutions
  5. Other Subsidiary Books Numerical Questions Solutions
Recording, Posting and Balancing – Numerical Questions

Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of Febtreuary 2014:

2014
February		   ₹
01 Goods sold to Sachin 5,000
04 Purchase from Kushal Traders 2,480
06 Sold goods to Manish Traders 2,100
07 Sachin returned goods 600
08 Returns to Kushal Traders 280
10 Sold to Mukesh 3,300
14 Purchased from Kunal Traders 5,200
15 Furniture purchased from Tarun 3,200
17 Bought of Naresh 4,060
20 Return to Kunal Traders 200
22 Return inwards from Mukesh 250
24 Purchased goods from Kirit & Co. for list price of 5,700
  less 10% trade discount  
25 Sold to Shri Chand goods 6600
  less 5% trade discount  
26 Sold to Ramesh Brothers 4,000
28 Return outwards to Kirit and Co. 1,000
  less 10% trade discount  
28 Ramesh Brothers returned goods ₹ 500  



Journal
Purchases Book
Date Invoice
No.		 Name of the Supplier
(Account to be credited)		 L.F. Details
₹		 Amount
₹
2014          
Feb.04   Kushal Traders     2,480
Feb.14   Kunal Traders     5,200
Feb.17   Naresh     4,060
Feb.24   Kirit and Co   5,700  
      Less: Trade Discount 10%   (570) 5,130
           
    Purchases Account     4,500
 
Sales Book
Date Invoice
No.		 Name of the Customer
(Account to be debited)		 L.F. Detail
₹		 Amount
₹
2014          
Feb. 01   Sachin     5,000
Feb. 06   Manish Traders     2,100
Feb. 10   Mukesh     3,300
Feb. 25   Shri Chand   6,600  
      less: 5% trade discount   (330) 6,270
Feb. 26   Ramesh Brothers     4,000
           
    Sales Account     20,670
 


Purchase Returns Journal Book
Date Debit Note
No.		 Name of the Supplier
(Account to be debited)		 L.F. Detail
₹		 Amount
₹
2014          
Feb. 08   Kushal Trders     280
Feb. 20   Kunal Traders     200
Feb. 28   Kirit & Co   1,000  
      less: 10% trade discount   (100) 900
           
    Purchase Returns Account     1,380
 
Sales Returns Journal Book
Date Debit Note
No.		 Name of the Supplier
(Account to be debited)		 L.F. Detail
₹		 Amount
₹
2014          
Feb. 07   Sachin     600
Feb. 22   Mukesh     250
Feb. 28   Ramesh Brothers     500
           
    Sales Return Account     1,350
 

Journal Proper
Date Particulars L.F. Debit
Amount
₹		 Credit
Amount
₹
2014        
Feb. 15 Furniture A/CDr.
To Tarun
(Furniture purchased from Tarun)		   3,200 3,200
   Total c/f   3,200 3,200
Dr. Sachin A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 01 To Sales A/C   5,000 Feb. 07 By Salary Return A/C   600
          By Balance b/d   4,400
  Total   5,000   Total   5,000
Dr. Manish Traders A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 06 To Sales A/C   2,100 Feb. 28 By Balance c/d   2,100
  Total   2,100   Total   2,100
Dr. Mukesh A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 10 To Sales A/C   3,300 Feb. 22 By Sales Return   250
        Feb. 28 By Balance b/d   3,050
  Total   3,300   Total   3,300
Dr. Shri Chand A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 25 To Sales A/C   6,270 Feb. 28 By Balance b/d   6,270
  Total   6,270   Total   6,270

Dr. Ramesh Brothers A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 26 To Sales A/C   4,000 Feb. 28 By Sales Return   500
        Feb. 28 By Balance b/d   3,500
  Total   4,000   Total   4,000
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 28 To Balance b/d   20,670 Feb. 01 By Sachin   5,000
        Feb. 06 By Manish Traders   2,100
        Feb. 10 By Mukesh   3,300
        Feb. 25 By Shri Chand   6,270
        Feb. 26 By Ramesh Brothers   4,000
  Total   20,670   Total   20,670
Dr. Sales Returns A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 07 To Sachin   600 Feb. 28 By Balance b/d   1,350
Feb. 22 To Mukesh   250        
Feb. 28 To Ramesh Brothers   500        
  Total   1,350   Total   1,350
Dr. Kushal Traders A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 04 To Purchase returns   280 Feb. 04 By Purchases   2,480
Feb. 28 To Balance b/d   2,200        
  Total   2,480   Total   2,480
Dr. Kunal Traders A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 20 To Purchase returns   200 Feb. 14 By Purchases   5,200
Feb. 28 To Balance b/d   5,000        
  Total   5,200   Total   5,200

Dr. Naresh A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 28 To Balance b/d   4,060 Feb. 17 By Purchases   4,060
  Total   4,060   Total   4,060
Dr. Kirit & Co A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 28 To Purchase Return   900 Feb. 24 By Purchases   5,130
Feb. 28 To Balance b/d   4,230        
  Total   5,130   Total   5,130
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 04 To Kushal Traders   2,480 Feb. 28 By Balance b/d   16,870
Feb. 14 To Kunal   5,200        
Feb. 17 To Naresh   4,060        
Feb. 24 To Kirit   5,130        
  Total   16,870   Total   5,130
Dr. Purchases Returns A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 28 To balance b/d   1,380 Feb. 08 By Kushal Traders   280
        Feb. 20 By Kunal   200
        Feb. 28 By Kirit   900
  Total   1,380   Total   1,380

Dr. Furniture A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 15 To Tarun   3,200 Feb. 28 By Balance b/d   3,200
  Total   3,200   Total   3,200
Dr. Tarun A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Feb. 28 To Balance b/d   3,200 Feb. 15 By Furniture   3,200
  Total   3,200   Total   3,200
The following balances of ledger of M/s Marble Traders on April 01, 2014

2014
April		   ₹
  Cash in hand 6,000
  Cash at bank 12,000
  Bills receivable 7,000
  Ramesh (Cr.) 3,000
  Stock (Goods) 5,400
  Bills payable 2,000
  Rahul (Dr.) 9,700
  Himanshu (Dr.) 10,000
01 Goods sold to Manish 3,000
02 Purchased goods from Ramesh 8,000
03 Received cash from Rahul in full settlement 9,200
05 Cash received from Himanshu on account 4,000
06 paid to Remesh by cheque 6,000.
08 Rent paid by cheque 1,200
10 Cash received from manish 3,000
12 Cash sales 6,000
14 Goods returned to Ramesh 1,000
15 Cash paid to Ramesh in full settlement 3,700
  Discount received 300
18 Goods sold to Kushal 10,000
20 Paid trade expenses 200
21 Drew for personal use 1,000
22 Goods return from Kushal 1,200
24 Cash received from Kushal 6,000
26 Paid for stationery 100
27 Postage charges 60
28 Salary Paid 2,500
29 Goods purchased from Sheetal Traders 7,000
30 Sold goods to Kirit 6000
  Goods purchased from Handa Traders 5,000

Journalize the above transactions and post them to the ledger.



Journal
Date Particulars L.F. Debit
Amount
₹		 Credit
Amount
₹
2014
April		        
01 Cash in handDr.   6,000  
  Cash at BankDr.   12,000  
  Bills ReceivalbleDr.   7,000  
  Goods in StockDr.   5,400  
  RahulDr.   9,700  
  HimanshuDr.   10,000  
    
To Bills Receivable		     7,000
    
To Ramesh		     3,000
    
To Capital (Balancing Amount)
(Last Year’s balances brought forward)		     40,100
  ManishDr.
To Sales A/C
(Being Goods sold to Manish)		   3,000 3,000
02 Purchases A/CDr.
To Sales A/C
(Being goods purchased from Ramesh)		   8,000 8,000
03 Cash A/CDr.   9,200  
  Discount allowed A/CDr.
To Rahul
(Being cash received from Rahul in full settlement)		   500 9,700
05 Cash A/CDr.
To Himanshu
(Being cash received from Himanshu on account)		   4,000 4,000
06 RameshDr.
To Bank A/C
(Being amount paid to Ramesh by cheque)		   6,000 6,000
08 Rent A/CDr.
To Bank A/C
(Being rent paid by cheque)		   1,200 1,200
10 Cash A/CDr.
To Manish
(Being cash received from Manish)		   3,000 3,000
12 Cash A/CDr.
To Sales A/C
(Being goods sold for cash)		   6,000 6,000
14 RameshDr.
To Purchases Return
(Being goods purchased from Ramesh returned)		   1,000 1,000
15 RameshDr.   3,700  
  Discount Received A/CDr.
To Cash A/C
(Being cash paid to Ramesh in full-settlement)		   300 4,000
18 KushalDr.
To Sales A/C
(Being goods to Kushal)		   10,000 10,000
20 Trade Expenses A/CDr.
To Cash
(Being trade expenses paid)		   200 200
21 Drawings A/CDr.
To Cash A/C
(Being cash withdrawn for personal use)		   1,000 1,000
22 Sales return A/CDr.
To Kushal
(Being goods returned from Kushal)		   1,200 1,200
24 Cash A/CDr.
To Kushal
(Being goods cash received from Kushal)		   6,000 6,000
26 Stationery A/CDr.
Cash
(Being stationery purchased)		   100 100
27 Postage A/CDr.
To Cash
(Being postage charges paid)		   60 60
28 Salary A/CDr.
To Cash
(Being salary paid)		   2,500 2,500
29 Purchases A/CDr.
To Sheetal Traders
(Being goods purchased from Sheetal Traders)		   7,000 7,000
30 KiritDr.
To Sales A/C
(Being goods sold to Kirit)		   6,000 6,000
  Purchases A/CDr.To Handa Traders
(Being goods purchased from Handa Traders)		   5,000 5,000
   Total   1,35,060 1,35,060
Dr. Cash A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
01 To Balance b/d   6,000 05 By Himanshu   4,000
03 To Rahul   9,200 15 By Ramesh   3,700
10 To Manish   3,000 20 By Trade Expenses   200
12 To Sales   6,000 21 By Drawings   1,000
24 To Kushal   6,000 26 By Stationery   100
        27 By Postage   60
        28 By Salary   2,500
        30 By Balance c/d   12,640
  Total   24,200   Total   24,200

Dr. Bank A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   12,000 Apr. 06 By Ramesh   6,000
        Apr. 08 By Rent   1,200
        Apr. 30 By Balance c/d   4,800
  Total   12,000   Total   12,000
Dr. Bills Receivable A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   7,000 Apr. 30 By Balance c/d   7,000
  Total   7,000   Total   7,000
Dr. Stock A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   5,400 Apr. 30 By Balance c/d   5,400
  Total   5,400   Total   5,400
Dr. Rahul A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   9,700 Apr. 03 By Cash   9,200
          By Discount Allowed   500
  Total   9,700   Total   9,700
Dr. Rahul A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   9,700 Apr. 03 By Cash   9,200
          By Discount Allowed   500
  Total   9,700   Total   9,700

Dr. Himanshu A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Balance b/d   10,000 Apr. 05 By Cash   4,000
        Apr. 30 To Balance b/d   6,000
  Total   10,000   Total   10,000
Dr. Bills Payable A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   7,000 Apr. 01 By Balance b/d   7,000
  Total   7,000   Total   7,000
Dr. Tarun A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   3,000 Apr. 01 By Balance b/d   3,000
  Total   3,000   Total   3,000
Dr. Ramesh A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 06 To Bank   6,000 Apr. 01 By Balance b/d   3,000
Apr. 14 To Purchases Returns   1,000 Apr. 02 By Purchases   8,000
Apr. 15 To Bank   3,700        
  Discount Received   300        
  Total   11,000   Total   11,000
Dr. Capital A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   40,100 Apr. 30 By Balance b/d   40,100
  Total   40,100   Total   40,100
Dr. Manish A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 01 To Sales   3,000 Apr. 10 By Cash   3,000
  Total   3,000   Total   3,000
Dr. Sales A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   25,000 Apr. 01 By Manish   3,000
        Apr. 12 By Cash   6,000
        Apr. 18 By Kushal 10,000
        Apr. 30 By Kirit   6,000
  Total   25,000   Total   25,000

Dr. Sales Returns A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 22 To Kushal   1,200 Apr. 30 By Balance c/d   1,200
  Total   1,200   Total   1,200
Dr. Purchases A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 02 To Ramesh   8,000 Apr. 30 By Balance c/d   20,000
Apr. 29 To Sheetal Traders   7,000        
Apr. 30 To Handa Traders   5,000        
  Total   20,000   Total   20,000
Dr. Rent A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 08 To Bank   1,200 Apr. 30 By Balance c/d   1,200
  Total   1,200   Total   1,200
Dr. Purchase Returns A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   1,000   By Ramesh   1,000
  Total   1,000   Total   1,000
Dr. Discount Allowed A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 03 To Rahul   500 Apr. 30 By Balance c/d   500
  Total   500   Total   500
Dr. Discount Received A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To balance c/d   300 Apr. 14 By Ramesh   300
  Total   300   Total   300
Dr. Kushal A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 18 To Sales   10,000 Apr. 22 By Sales Returns   1,200
        Apr. 24 By Cash   6,000
        Apr. 30 By Balance c/d   2,000
  Total   10,000   Total   10,000
Dr. Trade Expenses A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 20 To Cash   200 Apr. 30 By Balance c/d   200
  Total   200   Total   200
Dr. Drawings A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 20 To Cash   1,000 Apr. 30 By Balance c/d   1,000
  Total   1,000   Total   1,000
Dr. Sationery A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 28 To Cash   100 Apr. 30 By Balance c/d   100
  Total   100   Total   100
Dr. Postage A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 27 To Cash   60 Apr. 30 By Balance c/d   60
  Total   60   Total   60
Dr. Salary A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 28 To Cash   2,500 Apr. 30 By Balance c/d   2,500
  Total   2,500   Total   2,500
Dr. Sheetal Traders A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   7,000 Apr. 29 By Purchases   7,000
  Total   7,000   Total   7,000
Dr. Kirit A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Sales   6,000 Apr. 30 By Balance c/d   6,000
  Total   6,000   Total   6,000
Dr. Handa Traders A/C Cr.
Date Particulars J.F. Amount
₹		 Date Particulars J.F. Amount
₹
2014       2014      
Apr. 30 To Balance c/d   5,000 Apr. 30 By Purchases   5,000
  Total   5,000   Total   5,000

You might also want to refer the following pages.

  1. Introduction to Accounting
  2. Theory Base of Accounting
  3. Recording of Transactions – I