Question

From the following transactions in the books of Mr. Kamble. Prepare Mr. Shinde’s A/c. Balance the A/c at the end of each month.

2011 Jan	1	Mr. Shinde’s A/c shows Debit balance of Rs 600.
	1	Sold goods to Mr. Shinde Rs 500.
	5	Received Cash from Mr. Shinde Rs 500.
	10	Credit sales to Mr. Shinde Rs 2,000.
	25	Returned goods from Mr. Shinde Rs 250.
	31	Received cash from Mr. Shinde Rs 750.
Feb.	1	Received crossed Cheque from Mr. Shinde Rs 1,100.
	15	Credit sales to Mr. Shinde Rs 400.
	28	Mr. Shinde settled his A/c by paying cash. Discount allowed to him Rs 200.

Answer 1

Mr. Shinde’s Account
Dr.	Cr.
Date		Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 2011					Jan 2011
1		Balance b/d		600	5	Cash A/c		500
1		Sales A/c		500	25	Sales Returns A/c		250
10		Sales A/c		2,000	31	Cash A/c		750
					31	Balance c/d		1,600
				3,100				3,100
Feb 2011					Feb 2011
1		Balance b/d		1,600	1	Bank A/c		1,100
15		Sales A/c		400	28	Cash A/c		700
					28	Discount Allowed A/c		200
				2,000				2,000

Note: As per the book Mr. Shinde’s Account shows a debit balance of Rs 2,100, which is possible only when Rs 500 had not been received from him on January 05,2011. But as per the book it has been received. Therefore, as per our solution, Mr.Shinde’s Account shows a debit balance of Rs 1,600 as on January 31,2011 and Rs 700 paid by him as on February 28,2011.