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