CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

On 1st April, 2018, Mohit started business with a capital of ₹ 50,000. He made the following transactions:
2018
April 03 Purchased goods from Rita on credit for 20,000
April 04 Cash paid to Rita 10,000
April 06 Goods sold to Rohit 25,000
April 08 Received cash from Rohit 20,000
April 12 Goods purchased from Rita 12,000
April 18 Cash paid to Rita 20,000
April 25 Goods sold to Rohit 10,000
April 30 Received cash from Rohit 6,000
You are required to journalise the above transactions and show the respective Ledger accounts.

Open in App
Solution

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2018

Apr.01

Cash A/c

Dr.

50,000

To Capital A/c

50,000

(Business started with cash)

Apr.03

Purchases A/c

Dr.

20,000

To Rita

20,000

(Goods purchased from Rita on credit)

Apr.04

Rita

Dr.

10,000

To Cash A/c

10,000

(Cash paid to Rita)

Apr.06

Rohit

Dr.

25,000

To Sales A/c

25,000

(Goods sold to Rohit on credit)

Apr.08

Cash A/c

Dr.

20,000

To Rohit

20,000

(Cash received from Rohit)

Apr.12

Purchases A/c

Dr.

12,000

To Rita

12,000

(Goods purchased from Rita on credit)

Apr.18

Rita

Dr.

20,000

To Cash A/c

20,000

(Cash paid to Rita)

Apr.25

Rohit

Dr.

10,000

To Sales A/c

10,000

(Goods Sold to Rohit)

Apr.30

Cash A/c

Dr.

6,000

To Rohit

6,000

(Cash received from Rohit)

Cash Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.01

Capital A/c

50,000

Apr.04

Rita

10,000

Apr.08

Rohit

20,000

Apr.18

Rita

20,000

Apr.30

Rohit

6,000

Apr.30

Balance c/d

46,000

76,000

76,000

May.01

Balance b/d

46,000

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.30

Balance c/d

50,000

Apr.01

Cash A/c

50,000

50,000

50,000

May.01

Balance b/d

50,000

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.03

Rita

20,000

Apr.30

Balance c/d

32,000

Apr.12

Rita

12,000

32,000

32,000

May.01

Balance b/d

32,000

Rita

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.04

Cash A/c

10,000

Apr.03

Purchases A/c

20,000

Apr.18

Cash A/c

20,000

Apr.12

Purchases A/c

12,000

Apr.30

Balance c/d

2,000

32,000

32,000

May.01

Balance b/d

2,000

Rohit

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.06

Sales A/c

25,000

Apr.08

Cash A/c

20,000

Apr.25

Sales A/c

10,000

Apr.30

Cash A/c

6,000

Apr.30

Balance c/d

9,000

35,000

35,000

May.01

Balance b/d

9,000

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

2018

Apr.30

Balance c/d

35,000

Apr.06

Rohit

25,000

Apr.25

Rohit

10,000

35,000

35,000

May.01

Balance b/d

35,000


flag
Suggest Corrections
thumbs-up
9
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Honorarium
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon