Question

On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following transactions during the month of April:

2019		₹
April 3	Purchased goods from Rita, Delhi on credit for	20,000
April 4	Cash paid to Rita	10,000
April 6	Goods sold to Rohit, Chandigarh	25,000
April 8	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, Chandigarh	10,000
April 30	Received cash from Rohit	6,000

You are required to journalise the above transactions and show the respective Ledger accounts.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
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 (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
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 (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
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 (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
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