Question

Journalise the following transactions in the Book of M/s Beauti Traders. Also post them in the Ledger.
$\begin{array}{ccc}2011& & \left(Rs\right)\\ \text{Dec 1}& \text{Started business with Cash}& 2,00,000\\ \text{Dec 2}& \text{Bought Office Furniture}& 30,000\\ \text{Dec 3}& \text{Paid into bank to open an Current account}& 1,00,000\\ \text{Dec 5}& \text{Purchased a computer and paid by cheque}& 2,50,000\\ \text{Dec 6}& \text{Bought goods on credit from Ritika}& 60,000\\ \text{Dec 8}& \text{Cash Sales}& 2,00,000\\ \text{Dec 9}& \text{Sold goods to Karishna on credit}& 25,000\\ \text{Dec 12}& \text{Cash Paid to Mansi on account}& 30,000\\ \text{Dec 14}& \text{Goods returned to Ritika}& 2,000\\ \text{Dec 15}& \text{Stationery purchased for cash}& 3,000\\ \text{Dec 16}& \text{Paid wages}& 1,000\\ \text{Dec 18}& \text{Goods returned by Karishna}& 2,000\\ \text{Dec 20}& \text{Cheque given to Ritika}& 28,000\\ \text{Dec 22}& \text{Cash Recieved from Karishna on account}& 15,000\\ \text{Dec 24}& \text{Insurance premium paid by cheque}& 4,000\\ \text{Dec 26}& \text{Cheque received from Karishna}& 8,000\\ \text{Dec 28}& \text{Rent paid by cheque}& 3,000\\ \text{Dec 29}& \text{Purchased goods on credit from Meena Traders}& 20,000\\ \text{Dec 26}& \text{Cash sales}& 14,000\\ & & \\ & & \end{array}$

Answer 1

$\begin{array}{ccc}\text{Date}& \text{Transaction}& \text{Amount}\\ & & \text{(Rs.)}\\ 2010& & \\ \text{Dec 1}& \text{Started business with Cash}& 2,00,000\\ \text{Dec 2}& \text{Bought Office Furniture}& 30,000\\ \text{Dec 3}& \text{Paid into bank to open an Current account}& 1,00,000\\ \text{Dec 5}& \text{Purchased a computer and paid by cheque}& 2,50,000\\ \text{Dec 6}& \text{Bought goods on credit from Ritika}& 60,000\\ \text{Dec 8}& \text{Cash Sales}& 2,00,000\\ \text{Dec 9}& \text{Sold goods to Karishma on credit}& 25,000\\ \text{Dec 12}& \text{Cash Paid to Mansi on account}& 30,000\\ \text{Dec 14}& \text{Goods returned to Ritika}& 2,000\\ \text{Dec 15}& \text{Stationery purchased for cash}& 3,000\\ \text{Dec 16}& \text{Paid wages}& 1,000\\ \text{Dec 18}& \text{Goods returned by Karishma}& 2,000\\ \text{Dec 20}& \text{Cheque given to Ritika}& 28,000\\ \text{Dec 22}& \text{Cash Received from Karishma on account}& 15,000\\ \text{Dec 24}& \text{Insurance premium paid by cheque}& 4,000\\ \text{Dec 26}& \text{Cheque received from Karishm}& 8,000\\ \text{Dec 28}& \text{Rent paid by cheque}& 3,000\\ \text{Dec 29}& \text{Purchased goods on credit from Meena Trader}& 20,000\\ \text{Dec 30}& \text{Cash sales}& 14,000\end{array}$