Question

do journal entry,ledger and trial balance-
2014
jan 1-Ch.Ramlal started business with cash Rs 10,000
jan 3-goods purchased for cash Rs 3000
Jan 5-goods purchased from Ram Rs 2000
Jan 7-good ssold for cash Rs1000
​Jan 10-Good sold to Shyam Rs 3000
jan 12-Cash paid to Ram Rs 1000
Jan 17-Cash received from Shyam-2,000
Jan 23-Paid for wages Rs 50

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2014
Jan. 01	Cash A/c	Dr.		10,000
	To Ramlal’s Capital A/c				10,000
	(Commenced business with cash)
Jan 03	Purchases A/c	Dr.		3,000
	To Cash A/c				3,000
	(Purchased goods for cash)
Jan 05	Purchases A/c	Dr.		2,000
	To Ram’s A/c				2,000
	(Purchased goods from Ram)
Jan 07	Cash A/c	Dr.		1,000
	To Sales A/c				1,000
	(Sold goods for cash)
Jan 10	Shyam’s A/c	Dr.		3,000
	To Sales A/c				3,000
	(Sold goods to Shyam)
Jan 12	Ram’s A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid to Ram)
Jan 17	Cash A/c	Dr.		2,000
	To Shyam’s A/c				2,000
	(Received from Shyam)
Jan 23	Wages A/c	Dr.		50
	To Cash A/c				50

Cash Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 01		Ramlal’s Capital A/c		10,000	Jan 03	Purchases A/c		3,000
Jan 07		Sales A/c		1,000	Jan 12	Ram’s A/c		1,000
Jan 17		Shyam’s A/c		2,000	Jan 23	Wages A/c		50
					Jan 31	Balance c/d		8,950
				13,000				13,000

Ramlal’s Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 31		Balance c/d		10,000	Jan 01	Cash A/c		10,000
				10,000				10,000

Purchases Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 03		Cash A/c		3,000	Jan 31	Balance c/d		5,000
Jan 05		Ram’s A/c		2,000
				5,000				5,000

Ram’s Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 12		Cash A/c		1,000	Jan 05	Purchases A/c		2,000
Jan 31		Balance c/d		1,000
				2,000				2,000

Sales Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 31		Balance c/d		4,000	Jan 07	Cash A/c		1,000
					Jan 10	Shyam’s A/c		3,000
				4,000				4,000

Shyam’s Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 10		Sales A/c		3,000	Jan 17	Cash A/c		2,000
					Jan 31	Balance c/d		1,000
				3,000				3,000

Wages Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2014					2014
Jan 23		Cash A/c		50	Jan 31	Balance c/d		50
				50				50

Trial Balance as on Jan 31, 2014
S.No.	Name of Accounts	L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1	Cash A/c		8,950
2	Ramlal’s Capital A/c			10,000
3	Purchases A/c		5,000
4	Ram’s A/c			1,000
5	Sales A/c			4,000
6	Shyam’s A/c		1,000
7	Wages A/c		50
			15,000	15,000