Advertisements
Advertisements
प्रश्न
Journalise the following transactions in the books of Vasu and post them to ledger accounts.
| 2017 Nov | Particulars |
| 1 | Cash in hand ₹ 1,00,000; Cash at bank: ₹ 30,000 |
| 2 | Vasu sold goods to Jothi for ₹ 25,000 against a cheque and deposited the same in the bank |
| 4 | Received as commission ₹ 5,000 |
| 8 | Bank paid ₹ 15,000 directly for the insurance premium of Vasu. |
| 15 | Cash deposited into bank ₹ 30,000 |
| 20 | Cash withdrawn from bank for personal use ₹ 45,000. |
Advertisements
उत्तर
Journal entries in the Books of Vasu
| Date | Particulars | L.F. | Debit ₹ | Credit ₹ |
| 2017 Nov. 1 |
Cash A/c .........Dr. Bank A/c ......Dr. To Vasu's Capital A/c (Opening balance) |
1,00,000 30,000 - |
- - 1,30,000 |
|
| 2 | Bank A/c ........Dr. To Sales A/c (Vasu sold goods to Jothi and cheque received and deposited) |
25,000 - |
- 25,000 |
|
| 4 | Cash A/c .......Dr. To Commission A/c (Commission received) |
5,000 - |
- 5,000 |
|
| 8 | Insurance premium A/c .....Dr. To Bank A/c (Insurance premium paid by the bank) |
15,000 - |
- 15,000 |
|
| 15 | Bank A/c .....Dr. To Cash A/c (Cash deposited into the bank) |
30,000 - |
- 30,000 |
|
| 20 | Drawings A/c .........Dr. To Bank A/c (Cash withdrawn from bank for personal use) |
45,000 - |
- 45,000 |
Cash Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 1 | To Balance b/d | 1,00,000 | Nov. 15 | By Bank A/c | 30,000 | ||
| 4 | To Commission received A/c | 5,000 | 30 | By Balance c/d | 75,000 | ||
| 1,05,000 | 1,05,000 | ||||||
| Dec. 1 | To Balance b/d | 75,000 |
Bank Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 1 | To Balance b/d | 30,000 | Nov. 8 | By Insurance Premium A/c | 15,000 | ||
| 2 | To Sales A/c | 25,000 | 20 | By Drawings A/c | 45,000 | ||
| 15 | To Cash A/c | 30,000 | 30 | By Balance c/d | 25,000 | ||
| 85,000 | 85,000 | ||||||
| Dec. 1 | To Balance b/d | 25,000 |
Sales Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 30 | To balance c/d | 25,000 | Nov. 2 | By Bank A/c | 25,000 | ||
| 25,000 | 25,000 | ||||||
| Dec. 1 | By balance b/d | 25,000 |
Commission Received Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 30 | To Balance c/d | 5,000 | Nov. 4 | By Cash A/c | 5,000 | ||
| 5,000 | 5,000 | ||||||
| Dec. 1 | By Balance b/d | 5,000 |
Insurance Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 8 | To Bank A/c | 15,000 | Nov. 30 | By Balance c/d | 15,000 | ||
| 15,000 | 15,000 | ||||||
| Dec. 1 | By Balance b/d | 15,000 |
Drawings Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| Nov. 20 | To Bank A/c | 45,000 | Nov. 30 | By Balance c/d | 45,000 | ||
| 45,000 | 45,000 | ||||||
| Dec. 1 | To Balance b/d | 45,000 |
APPEARS IN
संबंधित प्रश्न
Write the word, term, phrase, which can substitute the statement.
The process of extracting the balance and inserting it on lesser side of an account.
Write the word, term, phrase, which can substitute the statement.
A credit balance to bank Account.
State whether the following statements are ‘True or False’ with reasons.
Balances of Nominal Accounts are carried forward to the next year.
Fill in the blank:
___________ accounts are closed by transferring its balances to Profit and Loss Account.
Complete the following table:
| Land & Building | Real Account |
| Commission Received | ? |
What is debit balance?
Explain the procedure for balancing a ledger account.
Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.
| 2017 Aug. | Particulars | ₹ |
| 10 | Sold goods and cheque received but not deposited | 30,000 |
| 14 | Sold goods on credit to Gopi | 12,000 |
| 20 | Received cash from Gopi | 12,000 |
Prepare Anand’s account from the following details.
| 2017 July | Particulars | ₹ |
| 1 | Credit balance of Anand’s A/c | 4,000 |
| 15 | Amount paid to Anand | 2,000 |
| 18 | Goods purchased from Anand on credit | 8,000 |
| 20 | Paid to Anand | 3,960 |
| Discount allowed by him | 40 | |
| 25 | Goods purchased from Anand | 5,000 |
Put ‘4’ mark for the nature of balance for the following.
| Account | Dr. Balance | Cr. Balance |
| 1. Capital A/c | ||
| 2. Goodwill | ||
| 3. Bank Overdraft | ||
| 4. Bills Receivable | ||
| 5. Creditors | ||
| 6. Drawings | ||
| 7. Advertisement | ||
| 8. Prepaid Rent | ||
| 9. Outstanding Salary | ||
| 10. Bad debts |
