Question

Pass Journal entries of M/s Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:

2019			₹
April 1	Commenced business with cash		1,50,000
April 2	Opened a bank account with PNB		50,000
April 3	Purchased furniture		20,000
April 7	Bought goods for cash from M/s. Rupa Traders, Delhi		30,000
April 8	Purchased goods from M/s. Hema Traders, Chandigarh		42,000
April 10	Cash sales		30,000
April 14	Sold goods on credit to M/s. Gupta Traders, Kolkata		12,000
April 16	Rent paid		4,000
April 18	Paid Electricity expenses		1,000
April 20	Received cash from Gupta Traders		12,000
April 22	Goods returned to Hema Traders		2,000
April 23	Cash paid to Hema Traders		40,000
April 25	Bought postage stamps		100
April 30	Paid salary to Mohan		4,000

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Apr 01	Cash A/c	Dr.		1,50,000
	To Capital A/c				1,50,000
	(Started business with cash)
Apr 02	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Opened Bank A/c)
Apr 03	Furniture A/c	Dr.		20,000
	To Cash A/c				20,000
	(Furniture purchased)
Apr 07	Purchases A/c	Dr.		30,000
	To Cash A/c				30,000
	(Goods purchased)
Apr 08	Purchases A/c	Dr.		42,000
	To M/s Hema Traders A/c				42,000
	(Goods purchased)
Apr 10	Cash A/c	Dr.		30,000
	To Sales A/c				30,000
	(Goods sold)
Apr 14	M/s Gupta Traders A/c	Dr.		12,000
	To Sales A/c				12,000
	(Goods sold)
Apr 16	Rent A/c	Dr.		4,000
	To Cash A/c				4,000
	(Rent paid)
Apr 18	Electricity Expenses A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid electricity expenses)
Apr 20	Cash A/c	Dr.		12,000
	To Gupta Traders A/c				12,000
	(Cash received from Gupta Traders)
Apr 22	Hema Traders A/c	Dr.		2,000
	To Purchases Return A/c				2,000
	(Goods returned)
Apr 23	Hema Traders A/c	Dr.		40,000
	To Cash A/c				40,000
	(Cash paid)
Apr 25	Postage A/c	Dr.		100
	To Cash A/c				100
	(Bought postage stamps)
Apr 30	Salary A/c	Dr.		4,000
	To Cash A/c				4,000
	(Paid salary)

Cash Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 01		Capital A/c		1,50,000	Apr 02	Bank A/c		50,000
Apr 10		Sales A/c		30,000	Apr 03	Furniture A/c		20,000
Apr 20		Gupta Traders A/c		12,000	Apr 07	Purchases A/c		30,000
					Apr 16	Rent A/c		4,000
					Apr 18	Electricity Expenses A/c		1,000
					Apr 23	Hema Traders A/c		40,000
					Apr 25	Postage A/c		100
					Apr 30	Salary A/c		4,000
					Apr 30	Balance c/d		42,900
				1,92,000				1,92,000

Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 01		Cash A/c		1,50,000	Apr 30	Balance c/d		1,50,000
				1,50,000				1,50,000

Bank Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 02		Cash A/c		50,000	Apr 30	Balance c/d		50,000
				50,000				50,000

Furniture Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 03		Cash A/c		20,000	Apr 30	Balance c/d		20,000
				20,000				20,000

Purchases Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 07		Cash A/c		30,000	Apr 30	Balance c/d		72,000
Apr 08		M/s Hema Traders A/c		42,000
				72,000				72,000

Hema Traders Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 22		Purchases Return A/c		2,000	Apr 08	Purchases		42,000
Apr 23		Cash A/c		40,000
				42,000				42,000

Sales Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30		Balance c/d		42,000	Apr 10	Cash A/c		30,000
					Apr 14	Gupta Traders A/c		12,000
				42,000				42,000

Gupta Traders Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 14		Sales A/c		12,000	Apr 20	Cash A/c		12,000
				12,000				12,000

Rent Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 16		Cash A/c		4,000	Apr 30	Balance c/d		4,000
				4,000				4,000

Electricity Expenses Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 18		Cash A/c		1,000	Apr 30	Balance c/d		1,000
				1,000				1,000

Purchases Return Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30		Balance c/d		2,000	Apr 22	Hema Traders A/c		2,000
				2,000				2,000

Postage Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 25		Cash A/c		100	Apr 30	Balance c/d		100
				100				100

Salary Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30		Cash A/c		4,000	Apr 30	Balance c/d		4,000
				4,000				4,000