Prepare the Accounting Vouchers for the following transactions:

2018

Jan. 1 Started business with cash ₹ 2,00,000

Jan. 1 Purchased furniture for ₹ 10,000 vide Cash Memo No. 210*

Jan. 5 Opened a Bank Account in Canara Bank with ₹ 60,000

Jan. 10 Purchased garments on credit from M/s. Madras Store for ₹ 20,000 vide Bill No. 291*

Jan. 12 Sold shirts to Ram Parkash on credit ₹ 5,000 vide Bill No. 1*

Jan. 15
Jan. 20
Jan. 27 Sold shirts for cash ₹ 7,000 vide Cash Memo No. 1*
Withdrew from bank for office use by cheque No. 23301 ₹ 20,000 Withdrew ₹ 5,000 for personal use by cheque No. 51003

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

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Solution

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

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2019		₹
Jan. 1	Started business with cash	2,00,000
Jan. 1	Purchased furniture vide Cash Memo No. 210*	10,000
Jan. 5	Opened a Bank Account in Canara Bank	60,000
Jan. 10	Purchased garments on credit from M/s Madras Store vide Bill No. 291*	20,000
Jan. 12	Sold shirts to Ram Parkash on credit vide Bill No. 1*	5,000
Jan. 15	Sold shirts for cash vide Cash Memo No. 1*	7,000
Jan. 20	Withdrew from bank for office use by cheque No. 23301	20,000
Jan. 27	Withdrew for personal use by cheque No. 51003	5,000

2019		₹
Jan. 1	Bought furniture from Modern Furniture for cash vide Cash Memo No. 241*	7,500
Jan. 8	Paid cash to Mani & Sons for purchase of 2 machines vide Cash Memo No. 1230*	5,000
Jan. 20	Paid for conveyance	150
Jan. 27	Sold old typewriter for cash vide cash receipt No. 314*	500

2018		₹
April 1	Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000; Furniture ₹ 4,500; Input SGST ₹ 5,000; Input IGST ₹ 2,000 Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000 Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500
April 4	Purchased goods from Pankaj, Kolkata	5,000
April 7	Paid to Ashok by cheque in full settlement of his account*	13,000
April 10	Sold goods to Poonam, Delhi	11,000
April 12	Purchased goods from Ashok, Delhi	15,000
April 15	Sold goods to Sonu, Kanpur	6,000
April 18	Received cheque from Poonam*	24,500
	Allowed her discount*	1,500
April 25	Paid for stationery	1,200
April 27	Paid telephone bill by cheque	3,500
April 30	Paid salaries*	6,000

2018		₹
Jan. 1	Started business with cash*	1,00,000
Jan. 3	Bought goods on credit from Gupta & Co., Delhi	20,000
Jan. 5	Cash sales	5,000
Jan. 8	Cash purchases	8,000
Jan. 10	Sold goods to Ahmed & Co., Lucknow	10,000
Jan. 11	Deposited cash in bank*	50,000
Jan. 13	Purchased a computer for office	20,000
Jan. 15	Took a loan from Mehboob*	70,000
Jan. 16	Goods returned by Ahmed & Co.	2,000
Jan. 17	Purchased furniture from Mehfil Mart, Kolkata	10,000
Jan. 18	Paid interest to Mehboob*	2,000
Jan. 19	Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed.*	1,000
Jan. 22	Paid rent by cheque	2,000
Jan. 24	Withdrew from bank*	20,000
Jan. 25	Sales of goods at counter after allowing trade discount of 10%	10,000
Jan. 26	Goods purchased from Gupta & Co., Delhi were destroyed by accident	10,000
Jan. 27	Advertisement expenses paid through bank	5,000
Jan. 28	Ahmed & Co. settled their account by cheque*	7,000
Jan. 29	Paid to Gupta & Co. by cheque*	18,000
	Discount allowed by them*	2,000
Jan. 31	Sold old newspapers	500

2018		₹
Jan. 1	Bought computer for resale for cash vide Cash Memo No. 512*	7,200
Jan. 8	Salary paid for the month of December, 2017	10,000
Jan. 10	Sold computer for cash vide Cash Memo No. 64*	12,000
Jan. 15	Withdraw cash from bank for office use vide cheque No.13456	1,700

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2018
Jan. 1	Started business with cash ₹ 2,00,000
Jan. 1	Purchased furniture for ₹ 10,000 vide Cash Memo No. 210*
Jan. 5	Opened a Bank Account in Canara Bank with ₹ 60,000
Jan. 10	Purchased garments on credit from M/s. Madras Store for ₹ 20,000 vide Bill No. 291*
Jan. 12	Sold shirts to Ram Parkash on credit ₹ 5,000 vide Bill No. 1*
Jan. 15 Jan. 20 Jan. 27	Sold shirts for cash ₹ 7,000 vide Cash Memo No. 1* Withdrew from bank for office use by cheque No. 23301 ₹ 20,000 Withdrew ₹ 5,000 for personal use by cheque No. 51003