NCERT Solutions for Class 11 Accountancy Chapter 4 - Recording of Transaction-II

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    Short Answer Type Questions

    1. Briefly state how the Cash Book is both Journal and Ledger.

    Ans. Cash Book is both a journal and a ledger in the following ways:

    (i) It is Journal as cash and bank transaction are recorded for the first time in the cash book.

    (ii) It is a Ledger because when Cash Book is maintained, no seperate cash account is required to the prepared.

    2. What is the purpose of Contra Entry?

    Ans. There are some transactions, which affect both Cash and Bank column of the Cash Book and are therefore, recorded on both sides of the Cashbook. Such entries are known as Contra entries.

    3. What are Special purpose Books?

    Ans. Special purpose books are those books which record original and primary entry in business transaction.

    4. What is Petty Cash book? How it is prepared?

    Ans. A Petty Cash Book is the book which is used for recording expenses involving small amounts. Besides petty expenses, receipts from main cashier are recorded. Petty cash Book is like Petty cash Account and is maintained by Petty Cashier. Petty cash given to the Petty Cashier for small payments is recorded on the credit side of the Cash book as by Petty Cash Account, and is posted to the debit side of the Petty Cash Account in the ledger.

    5. Explain the meaning of posting of Journal Entries?

    Ans. The process of transferring the transactions written in the Journal to a Ledger is called Posting. In other words, the process of transferring of debits and credits from the Journal to ledger Account is called posting. Posting is necessary as it summarizes all transaction, relating to the account at one place and also shows how transactions have affected the Account Balances.

    6. Define the purpose of maintaining Subsidiary Journal.

    Ans. (i) When journal is sub-divided and subsidiary books are maintained then the Accounting work can be divided among a number of persons, since subsidiary books are maintained for each category of transactions.

    (ii) Same work is handled by a particular person for a considerable time, thus, he gains specialisation in
    it and becomes more efficient in handling it.

    (iii) Various accounting processes can be undertaken simultaneously because of the number of books, leading to the completion of work on time.

    (iv) Since separate book is maintained for each type of transactions, information relating to each type is available at one place.

    7. Write the difference between Return Inwards and Return Outwards.

    Ans.

    Return Outwards
    Return Inwards
    1. Return of goods originally sold for cash as they are recorded in the cash book. Return of goods or material purchased on credit basis.
    2. Credit note is the basis of recording transaction. A Debit note is the basis of recording transaction.

    8. What do you understand by Ledger Folio?

    Ans. Ledger folio column records the page number of ledger where the posting of this amount has been made.

    9. What is the difference between Trade discount and Cash discount?

    Ans.

    Trade Discount
    Cash Discount
    1. Discount offered by seller to the buyer as a reduction in the price of product. Discount offered to buyer at the time of taking payment.
    2. To ensure bulk sales of product. To ensure prompt payment of items-purchase/ sold.
    3. Allowed at the time of purchase/sale. Allowed at the time of payment.

    10. Write the process of preparing Ledger from a Journal.

    Ans. The process of transferring entries from Journal to Ledger is called Posting. As a rule, no entry is made directly into Ledger.

    (i) Identify the account to be debited and credited in the Ledger.

    (ii) Write the date of the transaction in Date column on the Debit & Credit side of the account.

    (iii) In the particular column write the name of the account on the Debit side & Credit side.

    (iv) In the J.F column write the page number of the Journal that has been debited/credited in the respective entry.

    (v) In the Amount column on the debit side, record the relevant amount.

    (vi) Similarly record the amount in the amount column of credit side, in case of credit only.

    11. What do you understand by imprest amount in Petty Cash book?

    Ans. Under this system, an estimate is made of amount required for Petty expenses for a period (say for a week, fortnight or a month). The amount so estimated is given to the Petty Cashier in the beginning of a period. The amount of petty expenses paid by the Petty Cashier is reimbursed to him periodically. Thus, he will again have the fixed amount in the beginning of the new period. This amount is called imprest money. This system of paying advance in the beginning and reimbursing the amount spent from time to time is called Imprest System.

    Long Answer Type Question

    12. Explain the need for drawing up the special purpose books.

    Ans. Referring to the Journal meant for recording specific transactions of similar nature these book of original or primary entry are also called Subsidiary Books.

    (i) Division of Work: When Journal is sub-divided and subsidiary books are maintained then the accounting work can be divided among a number of persons, since subsidiary books are maintained for each category of transaction.

    (ii) Specialisation and Efficiency: Same work is handled by a particular person for a considerable time, thus, he gains specialisation in it and becomes more efficient in handling it.

    (iii) Saving of Time: Various accounting processes can be undertaken simultaneously because of the number of books, leading to completing the work on time.

    (iv) Availability of Information: Since separate book is maintained for each type of transactions, information relating to each type is available at one place.

    (v) Facility in Checking: In case, the Trial Balance does not match, locating the error or errors is facilitated by the existence of separate books. Since the number of transactions is less in the Subsidiary Book as compared to only one Journal, it is easy to locate the errors.

    (vi) Responsibility: Division of work results in assigning a particular job to a particular person. If an error is committed in recording, responsibility can be easily fixed.

    13. What is Cash Book? Explain the types of Cash book?

    Ans. Cash book is a book of primary entry in which cash and bank transactions are recorded in a chronological order, i.e., in the orderthey takeplace.Receipt are recordedon thedebit side of Cash book while payments are recorded on the credit side. Cash transactions are recorded in the cash column and bank transaction are recorded in the bank column. It is balanced by deducting total payments from total receipts to know cash in hand and balance at bank. The number of cash transactions in a firm is generally large. It is quite inconvenient to record all the transactions in the Journal. Therefore, it becomes necessary to have a separate book to record cash transactions.

    There are two types of Cash Books :

    (i) Simple Cash Book or Single Column Cash Book: It is used for recording Cash transaction only. It has one amount column on each side for recording cash receipts and cash payments. The format of a simple Cash book is similar to an account, with one amount column on each side. The left hand side, i.e., Debit side records receipts of a cash and the right hand side, i.e. Credit side records payments of cash.

    (ii) Two column or Double column Cash Book (Cash book with cash and bank columns): It is used for recording cash and bank transactions. It has two columns on each side.

    (a) Cash column on each side for recording cash receipts and cash payments

    (b) Bank column on each side for recording bank transaction.

    14. What is Contra entry? How can you deal with this entry while preparing double column Cash book ?

    Ans. There are some transactions which affect both cash and bank column of the Cash Book and therefore, recorded on both sides of the Cash book. Such entries are known as Contra entries.

    Contra Entry: Contra entries are the entries which affect both cash and bank, i.e. cash column and the bank column. Let us take an example to understand it better. Such transactions are recorded on both sides of the Cash Book cash and bank column. Balance of one will decrease and the other will increase due to such transactions. Contra entries are marked with letter "C' written in the L.F. column to indicate that these are contra transactions and are not posted in the Ledger Account. An example of contra entry is:

    Cash withdrew for office use: When cash is withdrawn from bank account for office use, the amount is written on both columns of Cash book. The bank column is credited as money is withdrawn and cash column is debited as cash decreases. `C’ is written in J.R. column to show that this entry is contra entry.

    15. What is the Petty Cash Book? Write the advantages of Petty Cash Book?

    Ans. Petty Cash Book: The word 'Petty' is derived from the French word 'Petit' meaning small. A number of same types of payments are made repetitively in every type of business, such as conveyance, refreshment, cartage, postage, stationery, etc.

    (i) If all the payments are recorded in the main Cash Book by the main cashier, it is likely to be
    overburdened with the work and the Cash Book may become voluminous.

    (ii) So, it is usual to appoint one more cashier, named as 'Petty Cashier'.

    (iii) Petty Cashieris given the work of making small payments and record them in a separately maintained book, known as 'Petty Cash Book'.

    The Petty Cash Book has the following advantages:

    (i) Saving of Time and Labour of Head Cashier: As petty expenses are paid and recorded  by the Petty Cashier, it saves time and labour of Head Cashier.

    (ii) Control Over Petty Expenses: The Head Cashier keeps a regular check on the Petty Cash book. It helps to keep a control over petty expenses.

    (iii) Convenience in Ledger Posting: As only the total of each head of expense is posted into the Ledger, it is convenient to do the ledger posting,

    (iv) SimpleMethod: The recording oftransactions in the Petty Cash Book does notrequire any specialised knowledge.

    16. Describe the advantages of sub dividing the Journal.

    Ans. Division of Work: When Journal is sub-divided and subsidiary books are maintained then the accounting work can be divided among a number of persons, since subsidiary books are maintained for each category of transactions.

    Specialisation and Efficiency: Same work is handled by a particular person for a considerable time, thus, he gains specialisation in it and becomes more efficient in handling it.

    Saving of Time: Various accounting processes can be undertaken simultaneously because of the number of books, leading to completing the work on time.

    Availability of Information: Since separate book is maintained for each type of transactions, information to each type is available at one place.
    Facility in Checking: In case, the Trial Balance does not match, locating the error or errors is facilitated
    by the existence of separate books. Since the number of transactions is less in the Subsidiary Book as compared to only one Journal, it is easy to locate the errors.

    Responsibility: Division of work results in assigning a particular job to a particular person. If an error is committed in recording, responsibility can be easily fixed.

    17. What do you understand by Balancing of Account?

    Ans. After posting the transactions, the businessman is interested in knowing the position of various accounts. For this purpose, the accounts are balanced at the end of the accounting period or after a certain period to ascertain the net balance of each account. Balancing account means that the debit and credit sides are totalled and the difference between the two sides is put on the shorter side so as to make their totals equal.

    (i) When total of Debit Side is more than total of Credit Side: In such a case, the balance is called debit balance and the difference is written as 'By Balance c/d' on the credit side. In the next accounting period, the balance is brought down on the debit side by writing the words 'To Balance b/d'.

    (ii) When total of Credit Side is more than total of Debit Side: In such a case, the balance is called credit balance and the difference is written as `To balance c/d’ on the debit side. In the next accounting period, the balance is brought down on the credit side by writing the words 'By Balance b/d'.

    Numerical Questions

    18. Enter the following transactions in a simple Cash Book for December 2016:
    Dec. 2016
    01 Cash in hand 12,000
    05 Cash received from Bhanu 4,000
    07 Rent paid 2,000
    10 Purchased goods from Murari for cash 6,000
    15 Sold goods for cash 9,000
    18 Purchased stationery 300
    22 Cash paid to Rahul on account 2,000
    28 Paid salary 1,000
    30 Paid rent 500

    Cash Book

    Date Particulars L.
    F.
    Amount
    (₹)
    Date Particulars L.
    F.
    Amount
    (₹)
    2016 2016
    Dec. 01 To Balance b/d 12,000 Dec. 07 By Rent A/c 2,000
    Dec. 05 To Bhanu 4,000 Dec. 10 By Purchases A/c 6,000
    Dec. 15 To Sales A/c 9,000 Dec. 18 By Stationery A/c 300
    Dec. 22 By Rahul 2,000
    Dec. 28 By Salaries A/c 1,000
    Dec. 30 By Rent 500
    Dec. 31 By Balance c/d 13,200
    25,000 25,000
    19. Record the following transactions in simple Cash Book for November 2016:
    Nov. 2016
    01 Cash in hand 12,500
    04 Cash paid to Hari 600
    07 Purchased goods for 800
    12 Cash received from Amit 1,960
    16 Sold goods for cash 800
    20 Paid to Manish 590
    25 Paid cartage 100
    31 Paid salary 1,000
    Ans. Dr. Cash Book Cr.
    Date Particulars L.
    F
    Amount
    (₹)
    Date Particulars L.
    F
    Amount
    (₹)
    2016 2016
    Nov. 01 To Balance b/d 12,500 Nov. 04 By Hari 600
    Nov. 12 To Amit 1,960 Nov. 07 By Purchases A/c 800
    Nov. 16 To Sales A/c 800 Nov. 20 By Manish 590
    Nov. 25 By Cartage A/c 100
    Nov. 30* By Salaries A/c 1,000
    Nov. 30* By Balance c/d 12,170
    15,260 15,260

    Note: There is a misprint in the question as there is a transaction on November 31, which is not possible as there are only 30 days in the month of November.

    20. Enter the following transactions in Simple cash book for December 2017:

    Dec
    2016
    01 Cash in hand 7,750
    06 Paid to Sonu 45
    08 Purchased goods for 600
    15 Received cash from Parkash 960
    20 Cash sales 500
    25 Paid to S.Kumar 1,200
    30 Paid rent 600
    Ans. Dr. Cash Book Cr.
    Date Particulars L.
    F
    Amount
    (₹)
    Date Particulars L.
    F
    Amount
    (₹)
    2017 2017
    Dec. 01 To Balance b/d 7,750 Dec. 06 By Sonu 45
    Dec. 15 To Prakash 960 Dec. 08 By Purchases A/c 600
    Dec. 20 To Sales A/c 500 Dec. 25 By S.Kumar 1,200
    9,210 9,210
    21. Record the following transactions in a bank column Cash Book for December, 2016
    Dec. 2016
    01 Started business with cash 80,000
    04 Deposited in bank 50,000
    10 Received cash from Rahul 1,000
    15 Bought goods for cash 8,000
    22 Bought goods by cheque 10,000
    25 Paid to Shyam by cash 20,000
    30 Drew from Bank for office use 2,000
    31 Rent paid by cheque 1,000
    Ans. Dr. Cash Book Cr.
    Date Particular V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    Date Particular V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    2016 2016
    Dec. 01 To Capital A/c 80,000 Dec. 04 By Bank A/c C 50,000
    Dec. 04 To Cash A/c C 50,000 Dec. 15 By Purchases A/c 8,000
    Dec. 10 To Rahul 1,000 Dec. 22 By Purchases A/c 10,000
    Dec. 30 To Bank A/c C 2,000 Dec. 25 By Shyam 20,000
    Dec. 30 By Cash A/c C 2,000
    Dec. 31 By Rent A/c 1,000
    Dec. 31 By Balance c/d 5,000 37,000
    83,000 50,000 83,000 50,000

    22. Prepare a double column Cash Book with the help of following information for December 2016:

    Dec. 2016
    01 Started business with cash 1,20,000
    03 Cash paid into bank 50,000
    05 Purchased goods from Sushmita 20,000
    06 Sold goods to Dinker and received a cheque 20,000
    10 Paid to Sushmita cash 20,000
    14 Cheque received on December 06, 2016, deposited into bank
    18 Sold goods to Rani 12,000
    20 Cartage paid in cash 500
    22 Received cash from Rani 12,000
    27 Commission received 5,000
    30 Drew cash for personal use 2,000
    Ans. Dr. Cash Book Cr.
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    2016 2016
    Dec. 01 To Capital A/c 1,20,000 Dec. 03 By Bank A/c C 50,000
    Dec. 03 To Cash A/c C 50,000 Dec. 10 By Sushmita 20,000
    Dec. 14 To Cheque in Hand A/c 20,000
    Dec. 22 To Rani 12,000 Dec. 20 By Cartage A/c 500
    Dec. 27 To Commission Received A/c 5,000 Dec. 30 By Drawing A/c 2,000
    Dec. 31 By Balance c/d 64,500 70,000
    1,37,000 70,000 1,37,000 70,000

    23. Enter the following transactions in double column Cash Book of M/s Ambica Traders for July 2017:

    July 2017
    01 Commenced business with cash 50,000
    03 Opened bank account with ICICI 30,000
    05 Purchased goods for cash 10,000
    10 Purchased office machine for cash 5,000
    15 Sales goods on credit from Rohan and received cheque 7,000
    18 Cash sales 8,000
    20 Rohan’s cheque deposited into bank
    22 Paid cartage by cheque 500
    25 Cash withdrawn for personal use 2,000
    30 Paid rent by cheque 1,000

    Ans. 

    In the Books of M/s Ambica Traders

    Dr.
    Cash Book
    Cr.
    Date Particulars V.
    N.
    L.
    F
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F
    Cash
    (₹)
    Bank
    (₹)
    2017 2017
    July 01 To Capital A/c 50,000 July 03 By Bank A/c 30,000
    July 03 To Cash A/c C 30,000 July 05 By Purchases A/c 15,000
    July 18 To Sales A/c 8,000 July 10 By Office Machine A/c
    July 20 To Cheques in July 25 By Drawing A/c 2,000
    Hand A/c July 25 By Drawing A/c 2,000
    July 30 By Rent A/c 1,000
    July 30 By Balance c/d 11,000 35,500
    58,000 37,000 58,000 37,000
    24. Prepare double column Cash Book from the following information for July 2017:
    July 2017
    01 Cash In hand 7,500
    Bank overdraft 3,500
    03 Paid wages 200
    05 Cash sales 7,000
    10 Cash deposited into bank 4,000
    15 Goods purchased and paid by cheque 2,000
    20 Paid rent 500
    25 Drew from bank for personal use 400
    30 Salary paid 1,000
    Ans. Dr. Cash Book Cr.
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    2017 2017
    July 01 To Balance b/d 7,500 July 01 By Balance b/d
    (overdraft)
    3,500
    July 05 To Sales A/c 7,000 July 03 By Wages A/c 200
    July 10 To Cash A/c C 4,000 July 10 By Bank A/c C 4,000
    July 15 By Purchases A/c   2,000
    July 20 By Rent A/c   500  
    July 25 By Drawings A/c 400
    July 30 By Salaries A/c 1,000
    July 30 Balance c/d (Over - draft) 1,900 July 30 By Balance c/d 8,800
    14,500 5,900 14,500 5,900

    25. Enter the following transactions in a double column Cash Book of M/s.Mohit Traders for January 2017.

    Jan. 2017
    01 Cash in hand 3,500
    Bank overdraft 2,300
    03 Goods purchased for cash 1,200
    05 Paid wages 200
    10 Cash sales 8,000
    15 Deposited into bank 6,000
    22 Sold goods for cheque which was deposited into bank same day 2,000
    25 Paid rent by cheque 1,200
    28 Drew from bank for personal use 1,000
    31 Bought goods by cheque 1,000
    Ans. Dr. Cash Book Cr.
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    2017 2017
    Jan. 01 To Balance b/d 3,500 Jan. 01 By Balance b/d
    (Overdraft)
    2,300
    Jan. 10 To Sales A/c 8,000 Jan. 03 By Purchases A/c 1,200
    Jan. 15 To Cash A/c C 6,000 Jan. 05 By Wages A/c C 200
    Jan. 22 To Sales A/c 2,000 Jan. 15 By Bank A/c 6,000
    Jan. 25 By Rent A/c 1,200
    Jan. 28 By Drawings A/c 1,000
    Jan. 31 By Purchases A/c 1,000
    Jan. 31 By Balance c/d 4,100 2,500
    11,500 8,000 11,500 8,000

    26. Prepare double column Cash Book from the following transactions for the year August 2017:

    Aug. 2017
    01 Cash in hand 17,500
    Cash at bank 5,000
    03 Purchased goods for cash 3,000
    05 Received cheque from Jasmeet 10,000
    08 Sold goods for cash 7,000
    10 Jasmeet’s cheque deposited into bank
    12 Purchased goods and paid by cheque 20,000
    15 Paid establishment expenses through bank 1,000
    18 Cash sales 7,000
    20 Deposited into bank 10,000
    24 Paid trade expenses 500
    27 Received commission by cheque 6,000
    29 Paid Rent 2,000
    30 Withdrew cash for personal use 1,200
    31 Salary paid 6,000
    Ans. Dr. Cash Book Cr.
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F.
    Cash
    (₹)
    Bank
    (₹)
    2017 2017
    Aug. 01 To Balance b/d 17,500 5,000 Aug. 03 By Purchases A/c 3,000
    Aug. 08 To Sales A/c 7,000 Aug. 12 By Purchases A/c 20,000
    Aug. 10 To Cheque in hand A/c 10,000 Aug. 15 By Establishment Expenses A/c 1,000
    Aug. 18 To Sales A/c 7,000 Aug. 20 By Bank A/c C 10,000
    Aug. 20 To Cash A/c C 10,000 Aug. 24 By Trade 500
    Expenses A/c
    Aug. 27 To Commission A/c 6,000 Aug. 29 By Rent A/c 2,000
    Aug. 30 By Drawings A/c 1,200
    Aug. 31 By Salaries A/c 6,000
    Aug. 31 By Balance c/d 8,800 10,000
    31,500 31,000 31,500 31,000

    27. M/s Ruchi Traders started their Cash Book with the following balances on July 2017: Cash in hand ₹1,354 and balance in Bank current account ₹7,560.

    He had the following transactions in the month of July 2017:
    03 Cash sales 2,300
    05 Purchased goods, paid by cheque 6,000
    08 Cash sales 10,000
    12 Paid trade expenses 700
    15 Sales goods, received cheque (deposited same day) 20,000
    18 Purchased motor car paid by chequex 20,000
    20 Cheque received from Manisha (deposited same day) 10,000
    22 Cash Sales 7,000
    25 Manisha’s cheque returned dishonoured
    28 Paid Rent 2,000
    29 Paid telephone expenses by cheque 500
    31 Cash withdrawn for personal use 2,000
    Prepare Bank Column Cash Book.

    Ans. 

    Books of M/s Ruchi Traders

    Dr.
    Cash Book
    Cr.
    Date Particulars V.
    N.
    L.
    F
    Cash
    (₹)
    Bank
    (₹)
    Date Particulars V.
    N.
    L.
    F
    Cash
    (₹)
    Bank
    (₹)
    2017 2017
    July 01 To Balance b/d 1,354 7,560 July 05 By Purchases A/c 6,000
    July 03 To Sales A/c 2,300 July 12 By Trade Expenses A/c 700
    July 08 To Sales A/c 10,000 July 18 By Motor Car A/c 15,000
    July 15 To Sales A/c 20,000 July 25 By Manisha (Dishonour) A/c 10,000
    July 20 To Manisha A/c 10,000 July 28 By Rent A/c 2,000
    July 22 To Sales A/c 7,000 July 29 By Telephone Expenses A/c 500
    July 31 By Drawings A/c 2,000
    July 31 By Balance c/d 15,954 6,060
    20,654 37,560 20,654 37,560
    28. Prepare Petty Cash Book from the following transactions. The imprest amount is ₹2,000.
    Jan. 2017
    01 Paid cartage 50
    02 STD charges 40
    02 Bus fare 20
    03 Postage 30
    04 Refreshment for employees 80
    06 Courier charges 30
    08 Refreshment of customer 50
    10 Cartage 35
    15 Taxi fare to manager 70
    18 Stationery 65
    20 Bus fare 10
    22 Fax charges 30
    25 Telegrams charges 35
    27 Postage stamps 200
    29 Repair on furniture 105
    30 Laundry expenses 115
    31 Miscellaneous expenses 100
    Ans. Dr. Petty Cash Book Cr.
    Amount
    Received
    Date
    2017
    Particulars Voucher
    No.
    Total
    Payment
    Analysis of Payments
    (₹) (₹) Telephone
    (₹)
    Postage & Courier
    (₹)
    Conveyance
    (₹)
    Stationary
    (₹)
    Cartage
    (₹)
    Miscellaneous
    (₹)
    2,000 Jan. 1 To Cash A/c
    Jan. 1 By Cartage 50 50
    Jan. 2 By STD charges A/c 40 40
    Jan. 2 By Bus Fare A/c   20   20
    Jan. 3 By Postage A/c   30  30 20 80
    Jan. 4 By Refreshment for Employees   80 80
    Jan. 6 By Courier charges A/c   30 30
    Jan. 8 By Refreshment of Customer A/c   50 50
    Jan. 10 By Cartage A/c   35 35
    Jan. 15 By Taxi Fare to Manager A/c   70 70
    Jan. 18 By Stationery A/c   65 65
    Jan. 20 By Bus Fare   10 10
    Jan. 22 By Fax Charge A/c   30 30
    Jan. 25 By Telegram Charge A/c   35 35
    Jan. 27 By Postage stamps A/c   200 200
    Jan. 29 By Repair Furniture   105 105
    Jan. 30 By Laundry Expense A/c   115 115
    Jan. 31 By Miscellaneous Exp.   100 100
    1,065 105 260 100 65 85 450
    Jan. 31 By Bal. c/d 935
    2,000 2,000
    935 Feb. 1 To Balance b/d
    1065 Feb. 1 To Cash A/c

    29. Record the following transactions during the week ending 30 Jan. 2017 with a weekly imprest ₹ 500.

    Jan. 2017
    24 Stationery 100
    25 Bus fare 12
    25 Cartage 40
    26 Taxi fare 80
    27 Wages to casual labour 90
    29 Postage 80

     Ans. 

    Petty Cash Book

    Amount
    Received
    Cash
    Book
    Folio
    Date
    2017
    Particulars Voucher
    No.
    Amount
    Paid
    Analysis of Payments
    (₹) (₹) Stationery
    (₹)
    Conveyance
    (₹)
    Cartage
    (₹)
    Postage Courier
    (₹)
    Miscellaeous
    (₹)
    500 2017
    Jan 24 To Cash A/c
    Jan 24 By Stationary A/c 100 100
    Jan 25 By Bus Fare A/c 12 12
    Jan 25 By Cartage A/c 40 40
    Jan 26 By Taxi Fare A/c 80 80
    Jan 27 By Wages to Casual labour A/c 90 90
    Jan 29 By Postage A/c 80 80
    402 100 92 40 80 90
    Jan 30 By Balance c/d 98
    2017 500
    98 Jan 31 To Balance b/d
    402 Jan 31 To Cash A/c

    30. Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017: 

    1 July Bought from Rahul Traders as per invoice no. 20041
    40 Registers @ ₹60 each
    80 Gel Pens @ ₹15 each
    50 Notebooks @ ₹20 each
    Trade discount 10%.
    15 July Bought from Global Stationers as per invoice no. 1132
    40 Ink Pads @ ₹8 each
    50 Files @ ₹10 each
    20 Color Books @ ₹20 each
    Trade Discount 5%
    23 July Purchased from Lamba Furniture as per invoice no. 3201
    2 Chairs @ ₹600 per chair
    1 Table @ ₹1,000 per table
    25 July Bought from Mumbai Traders as per invoice no. 1111
    10 Paper Reasons @ ₹100 per Ream
    400 Drawing Sheets @ ₹3 each
    20 Packets Water colours @ ₹40 per packet

    Ans.

    Books of M/s Gupta Traders

    Purchase Book

    Date Particulars (Name of the Supplier)
    (Accounts to be Credited)
    Invoice L.
    F
    Details
    (₹)
    Amount
    (₹)
    2017
    July 01 Rahul Traders 20041
    40 Registers @ ₹60 each 2,400
    80 Gel Pens @ ₹15 each 1,200
    50 Note Books @ ₹20 each 1,000
    4,600
    Less: Trade Discount 10% (460) 4,140
    July 15 Global Stationeries 1132
    40 Ink Pads @ ₹8 each 320
    50 Files @ ₹10 each 500
    20 Colour Books @ ₹20 each 400
    1,220
    Less: Trade discount 5% (61) 1,159
    July 25 Mumbai Traders
    10 Paper Reams @ ₹100 each 1,000
    400 Drawing Sheets @ ₹3 each 1,200
    20 Packet Water Colour @ ₹40 per pack 800 3,000
    31 July Total 8,299

    Note: Furniture purchased from Lamba Traders will not be recorded in the Purchases Book as furniture is not to be considered as goods for M/s Gupta Trader. This is because as per the transactions, M/s. Gupta Traders deals in stationery and not in furniture.

    Note: Slight change in the performa of subsidiary book is done. Here ‘Details’ column has been  added in Purchase Book.

    31. Enter the following transactions in Sales (journal) book of M/s. Bansal electronics:

    2014

    September

    01 Sep. Sold to Amit Traders as per bill no. 4321
    20 Pocket Radios @ ₹70 per Radio
    2, T.V. sets, B & W. (6”) @ ₹800 Per T.V.
    10 Sep. Sold to Arun Electronics as per bill no. 4351
    5 T.V. sets (20”) B & W @ ₹3,000 per T.V.
    2 T.V. sets (21”) Colour @ ₹4,800 per T.V.
    22 Sep. Sold to Handa Electronics as per bill no. 4,399
    10 Tape recorders @ ₹600 each
    5 Walkman sets @ ₹300 each
    28 Sep. Sold to Harish Traders as per bill no. 4430
    10 Mixer Juicer Grinders @ ₹800 each.

    Ans.

    Books of M/s Bansal Electronics

    Sales Book

    Date Particulars
    (Accounts to be Credited)
    Invoice L.
    F
    Details
    (₹)
    Amount
    (₹)
    Sep. 01 Amit Traders 4321
    20 Pocket Radios @ ₹70 per Radio 1,400
    2 T.V. Set, B & W (6") @₹800 per T.V. 1,600 3,000
    Sep. 10 Arun Electronics 4351
    5 T.V. sets (20") B & W @ ₹3,000 per T.V. 15,000
    2 T.V. sets (21") Colour @ ₹4,800 per T.V. 9,600 24,600
    Sep. 22 Handa Electronics 4399
    10 Tape Recorders @ ₹600 each 6,000
    5 Walkman sets @ ₹300 each 1,500 7,500
    Sep. 28 Harish Traders 4430
    10 Mixer Juicer Grinders @ ₹800 each 8,000
    Sep. 30 Total 43,100

     32. Prepare a Purchases Return (Journal) book from the following transactions for April 2017.

    2017

    April
    05 Returned goods to M/s Kartik Traders 1,200
    10 Goods returned to Sahil Pvt. Ltd. 2,500
    17 Goods returned to M/s Kohinoor Traders for list price ₹2,000 less 10% trade discount.
    28 Return outwards to M/s Handa Traders 550

    Ans. Purchases Return Book

    Date Particulars
    Name of Customer (Supplier)
    (Account to be Debited)
    Debit
    Note No.
    L.
    F.
    Details Amount
    (₹)
    2017
    Apr. 05 M/s Kartik Traders 1,200
    Apr. 10 Sahil Pvt. Ltd. 2,500
    Apr. 17 M/s Kohinoor Traders 2,500
    List Price 2,000
    Less: 10% Trade discount (200) 1,800
    Apr. 28 M/s Handa Traders 550
    Apr. 30 Total 6,050

    Note: As per the book total of Purchases Return Book is given as ₹6,150 however, the answer is coming out to be as ₹6,050.

    33. Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:

    July 2017
    04 M/s Gupta Traders returned the goods 1,500
    10 Goods returned from M/s Harish Traders 800
    18 M/s Rahul Traders returned the goods not as per ₹1,200 specifications 1,200
    28 Goods returned from Sushil Traders 1,000

    Ans.

    Sales Return Book

    Date Particulars (Name of the Customer)
    (Accounts to be Credited)
    Credit
    Note
    L.
    F.
    Amount
    (₹)
    2017
    Jul. 04 M/s Gupta Traders 1,500
    Jul. 10 M/s Harish Traders 800
    Jul. 18 M/s Rahul Traders 1,200
    Jul. 28 Sushil Traders 1,000
    Jul. 31 Total 4,500

    34. Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:

    2017 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 form 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 less 10% trade discount 5,700
    25 Sold to Shri Chand goods less 5% trade discount 6,600
    26 Sold to Ramesh Brothers 4,000
    28 Return Outwards to Kirit and Co. less 10% trade discount 1,000
    28 Ramesh Brothers returned goods 500

    Ans.

    Journal

    Purchases Book

    Date Particulars (Name of the Supplier)
    (Accounts to be Credited)
    Invoice
    No.
    L.
    F.
    Details Amount
    (₹)
    2017
    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
    Feb. 28 Total 16,870

    Sales Book

    Date Particulars (Name of the Customer)
    (Accounts to be Debited)
    Invoice
    No.
    L.
    F.
    Amount
    (₹)
    2017
    Feb. 01 Sachin 5,000
    Feb. 06 Manish Traders 2,100
    Feb. 10 Mukesh 3,300
    Feb. 25 Shri Chand 6600
    Less: 5% Trade Discount (330) 6,270
    Feb. 26 Ramesh Brothers 4,000
    Feb. 28 Total 20,670

    Sales Return Book

    Date Particulars (Name of the Customer)
    (Accounts to be Debited)
    Credit
    Note
    L.
    F.
    Amount
    (₹)
    2017
    Feb. 07 Sachin 600
    Feb. 22 Mukesh 250
    Feb. 28 Ramesh Brothers 500
    Feb. 28 Total 1,350

    Purchases Return Book

    Date Particulars (Name of the Supplier)
    (Accounts to be Debited)
    Debit
    Note
    L.
    F.
    Details Amount
    (₹)
    2017
    Feb. 08 Kushal Traders 280
    Feb. 20 Kunal Traders 200
    Feb. 28 Kirit and Co. 1,000
    Less: 10% Trade Discount (100) 900
    Total 1,380

    Journal Proper

    Date Particulars L.
    F
    Amount
    (Dr.)
    (₹)
    Amount
    (Cr.)
    (₹)
    2017
    Feb. 15 Furniture A/c Dr. 3,200
    To Tarun 3,200
    (Furniture purchased from Tarun)

    Ledger

    Dr.
    Purchases Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Sundries as per Purchases Book 16,870 Feb. 28 By Balance c/d 16,870
    16,870 16,870
    Dr.
    Sales Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Balance c/d 20,670 Feb. 28 By Sundries as per Sales Book 20,670
    20,670 20,670
    Dr.
    Sales Return Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Sundries as per Sales Return Book 1,350 Feb. 28 By Balance c/d 1,350
    1,350 1,350
    Dr.
    Purchases Return Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Balance c/d 1,380 Feb. 28 By Sundries as per Purchases Return Book 1,380
    1,380 1,380
    Dr.
    Sachin
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 01 To Sales A/c 5,000 Feb. 07 By Sales Return A/c 600
    Feb. 28 By Balance c/d 4,400
    5,000 5,000
    Dr.
    Kushal
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 08 To Purchases Return A/c 280 Feb. 04 By Purchases A/c 2,480
    Feb. 28 To Balance c/d 2,200
    2,480 2,480
    Dr.
    Manish
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 06 To Sales A/c 2,100 Feb. 28 By Balance c/d 2,100
    2,100 2,100
    Dr.
    Mukesh
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 10 To Sales A/c 3,300 Feb. 22 By Sales Return A/c 250
    Feb. 28 By Balance c/d 3,050
    3,300 3,300
    Dr.
    Kunal
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 20 To Purchase Return A/c 200 Feb. 14 By Purchases A/c 5,200
    Feb. 28 To Balance c/d 5,000
    5,200 5,200
    Dr.
    Furniture Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 15 To Tarun A/c 3,200 Feb. 28 By Balance c/d 3,200
    3,200 3,200
    Dr.
    Tarun’s
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Balance c/d 3,200 Feb. 15 By Furniture A/c 3,200
    3,200 3,200
    Dr.
    Naresh
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Balance c/d 4,060 Feb. 17 By Purchases A/c 4,060
    4,060 4,060
    Dr.
    Kirit & Co. Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 28 To Purchaes Return A/c 900 Feb. 24 By Purchases A/c 5,130
    Feb. 28 To Balance c/d 4,230
    5,130 5,130
    Dr.
    Shri Chand & Co. Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 25 To Sales A/c 6,270 Feb. 28 By Balance c/d 6,270
    6,270 6,270
    Dr.
    Ramesh
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Feb. 26 To Sales A/c 4,000 Feb. 28 By Sales Return A/c 500
    Feb. 28 By Balance c/d 3,500
    4,000 Feb. 28 By Balance c/d 4,000

    35. The following balances of ledger of M/s Marble Traders on April 01, 2017

    2017
    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
    Transactions during the month were:  
    April  
    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 6,000
    Goods purchased from Handa Traders 5,000
    Journalise the above transactions and post them to the ledger.

    Books of M/s Marble Traders

    Journal

    Date Particulars L.
    F
    Amount
    (Dr.)
    (₹)
    Amount
    (Cr.)
    (₹)
    2017
    Apr. 01 Cash A/c Dr. 6,000
    Bank A/c Dr. 12,000
    Bills Receivable A/c Dr. 7,000
    Stock A/c Dr. 5,400
    Rahul Dr. 9,700
    Himanshu Dr. 10,000
    To Ramesh Dr. 3,000
    To Bills Payable A/c Dr. 2,000
    To Capital A/c (Balancing figure) 45,100
    (Being balance brought from last year)
    Apr. 01 Manish Dr. 3,000
    To Sales A/c 3,000
    (Being goods sold to Manish)
    Apr. 02 Purchases A/c Dr. 8,000
    To Ramesh 8,000
    (Being goods purchased from Ramesh)
    Apr. 03 Cash A/c Dr. 9,200
    Discount Allowed A/c Dr. 500
    To Rahul 9,700
    (Being cash received from Rahul and discount allowed)
    Apr. 05 Cash A/c Dr. 4,000
    To Himanshu 4,000
    (Being cash received from Himanshu)
    Apr. 06 Ramesh Dr. 6,000
    To Bank A/c 6,000
    (Being cheque issued to Ramesh)
    Apr. 08 Rent A/c Dr. 1,200
    To Bank A/c 1,200
    (Being rent paid by cheque)
    Apr. 10 Cash A/c Dr. 3,000
    To Manish 3,000
    (Being cash received from Manish)
    Apr. 12 Cash A/c Dr. 6,000
    To Sales A/c 6,000
    (Being goods sold for cash)
    Apr. 14 Ramesh Dr. 1,000
    To Purchases Return A/c 1,000
    (Being goods returned to Ramesh)
    Apr. 15 Ramesh Dr. 4,000
    To Cash A/c 3,700
    To Discount Received A/c 300
    (Being cash paid to Ramesh and discount received)
    Apr. 18 Kushal Dr. 10,000
    To Sales A/c 10,000
    (Being goods sold to Kushal)
    Apr. 20 Trade Expenses A/c Dr. 200
    To Cash A/c 200
    (Being trade expenses paid)
    Apr. 21 Drawings A/c Dr. 1,000
    To Cash A/c 1,000
    (Being cash withdrawn for personal use)
    Apr. 22 Sales Return A/c Dr. 1,200
    To Kushal 1,200
    (Being Kushal returned goods)
    Apr. 24 Cash A/c Dr. 6,000
    To Kushal 6,000
    (Being cash received from Kushal)
    Apr. 26 Stationery A/c Dr. 100
    To Cash A/c 100
    (Being cash paid for stationery)
    Apr. 27 Postages A/c Dr. 60
    To Cash A/c 60
    (Being postage charges paid)
    Apr. 28 Salaries A/c Dr. 2,500
    To Cash A/c 2,500
    (Being salary paid)
    Apr. 29 Purchases A/c Dr. 7,000
    To Sheetal Traders A/c 7,000
    (Being goods purchased from Sheetal Traders)
    Apr. 30 Kirit Dr. 6,000
    To Sales A/c 6,000
    (Being goods sold to Kirit)
    Apr. 30 Purchases A/c Dr. 5,000
    To Handa Traders A/c 5,000
    (Being goods purchased from Handa Traders)
    Total 1,35,060 1,35,060

    Ledger

    Dr.
    Cash Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017   2017
    Apr. 01 To Balance b/d 6,000 Apr. 15 By Ramesh 3,700
    Apr. 03 To Rahul 9,200 Apr. 20 By Trade Expenses A/c 200
    Apr. 05 To Himanshu 4,000 Apr. 21 By Drawings A/c 1,000
    Apr. 10 To Manish 3,000 Apr. 26 By Stationary A/c 100
    Apr. 12 To Sales A/c 6,000 Apr. 27 By Postage A/c 60
    Apr. 24 To Kushal 6,000 Apr. 28 By Salaries A/c 2,500
    Apr. 30 By Balance c/d 26,640
    34,200 34,200
    Dr.
    Bank Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 10 Balance b/d 12,000 Apr. 16 By Rent A/c 1,200
    Apr. 08 By Ramesh 6,000
    Apr. 30 By Balance c/d 4,800
    12,000 12,000
    Dr.
    Stock Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 Balance b/d 5,400 Apr. 30 By Balance c/d 5,400
    5,400 5,400
    Dr.
    Rahul
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 Balance b/d 9,700 Apr. 03 By Cash A/c 9,200
    Apr. 03 By Discount Allowed A/c 500
    9,700 9,700
    Dr.
    Himanshu
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 Balance b/d 10,000 Apr. 05 By Cash A/c 4,000
    Apr. 30 By Balance c/dc 6,000
    10,000 10,000
    Dr.
    Ramesh
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 To Bank A/c 6,000 Apr. 01 By Balance b/d 3,000
    Apr.14 To Purchases Return A/c 1,000 Apr. 02 By Purchases A/c 8,000
    Apr. 15 To Cash A/c 3,700
    Apr. 15 To Discount Received A/c 3,00
    11,000 11,000
    Dr.
    Bills Payable Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 To Bank A/c 6,000 Apr. 01 By Balance b/d 3,000
    Apr. 30 To Balance c/d 2,000 Apr. 01 By Balance b/d 2,000
    2,000 2,000
    Dr.
    Capital Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 To Bank A/c 6,000 Apr. 01 By Balance b/d 3,000
    Apr. 30 To Balance c/d 45,100 Apr. 01 By Balance b/d 45,100
    45,100 45,100
    Dr.
    Manish
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 To Sales A/c 3,000 Apr. 10 By Cash A/c 3,000
    3,000 3,000
    Dr.
    Purchases Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 02 To Ramesh 8,000 Apr. 30 By Balance c/d 20,000
    Apr. 29 To Sheetal Traders A/c 7,000
    Apr. 30 To Handa Traders A/c 5,000
    20,000 20,000
    Dr.
    Discount Allowed Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 03 To Rahul 500 Apr. 30 By Balance c/d 500
    500 500
    Dr.
    Rent Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 08 To Bank A/c 1,200 Apr. 30 By Balance c/d 1,200
    1,200 1,200
    Dr.
    Discount Received Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 30 To Balance c/d 300 Apr. 15 By Ramesh 300
    300 300
    Dr.
    Kushal
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 18 To Sales A/c 10,000 Apr. 22 By Sales Return A/c 1,200
    Apr. 24 By Cash A/c 6,000
    Apr. 30 By Balance c/d 2,800
    10,000 10,000
    Dr.
    Trade Expenses Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 20 To Cash A/c 200 Apr. 30 By Balance c/d 200
    200 200
    Dr.
    Drawings Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 21 To Cash A/c 1,000 Apr. 30 By Balance c/d 1,000
    1,000 1,000
    Dr.
    Sales Return Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 22 To Kushal 1,200 Apr. 30 By Balance c/d 1,200
    1,200 1,200
    Dr.
    Stationery Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 26 To Cash A/c 100 Apr. 30 By Balance c/d 100
    100 100
    Dr.
    Postage Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 27 To Cash A/c 60 Apr. 30 By Balance c/d 60
    60 60
    Dr.
    Salaries Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 28 To Cash A/c 2,500 Apr. 30 By Balance c/d 2,500
    2,500 2,500
    Dr.
    Sheetal Traders Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 30 To Balance c/d 7,000 Apr. 29 By Purchase A/c 7,000
    7,000 7,000
    Dr.
    Handa Traders Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 30 To Balance c/d 5,000 Apr. 30 By Purchase A/c 5,000
    5,000 5,000
    Dr.
    Purchases Return Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 30 To Balance c/d 1,000 Apr. 14 By Ramesh 1,000
    1,000 1,000
    Dr.
    Kirit
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 30 To Sales A/c 6,000 Apr. 30 By Balance c/d 6,000
    6,000 6,000
    Dr.
    Bills Receivable Account
    Cr.
    Date Particulars J.
    F.
    Amount
    (₹)
    Date Particulars J.
    F.
    Amount
    (₹)
    2017 2017
    Apr. 01 To Balance b/d 7,000 Apr. 30 By Balance c/d 7,000
    7,000 7,000

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