Question

Enter the following Transactions in the Journal of Mudit:

2017		₹
Jan.01	Commenced business with cash	1,75,000
Jan.01	Building	1,00,000
Jan.02	Goods purchased for cash	75,000
Jan.03	Sold goods to Ramesh	30,000
Jan.04	Paid wages	500
Jan.06	Sold goods for cash	10,000
Jan.10	Paid for trade expenses	700
Jan.12	Cash received from Ramesh 29,500	29,500
	Discount allowed	500
Jan.14	Goods purchased for Sudhir	27,000
Jan.18	Cartage paid	1,000
Jan.20	Drew cash for personal use	5,000
Jan.22	Goods use for household	2,000
Jan.25	Cash paid to Sudhir 26,700	26,700
	Discount allowed	300

Answer 1

Boos of Mudit Journal
Date	Particulars	L.F.	Debit Amont Rs	Credit Amont Rs
2006
Jan.01	Building A/c  ......Dr.		1,00,000
	Cash A/c    ......Dr.		1,75,000
	To Capital A/c			2,75,000
	(Commenced business with cash and building)
Jan.02	Purchase A/c  ......Dr.		75,000
	To Cash A/c			75,000
	(Goods purchased for cash)
Jan.03	Ramesh   ......Dr.		30,000
	To Sales A/c			30,000
	(Goods sold to Ramesh)
Jan.04	Wages A/c  ......Dr.		500
	To Cash A/c			500
	(Wages paid in cash)
Jan.06	Cash A/c  ......Dr.		10,000
	To Sales A/c			10,000
	(Goods sold for cash)
Jan.10	Trade Expenses  A/c  ......Dr.		700
	To Cash A/c			700
	(Trade expenses paid in cash)
Jan.12	Cash A/c   ......Dr.		29,500
	Discount Allowed A/c   ......Dr.		500
	To Ramesh			30,000
	(Cash received from Ramesh and allowed to him)
Jan.14	Purchase A/c  ......Dr.		27,000
	To Sudhir			27,000
	(Goods purchased  from Sudhir on credit)
Jan.18	Cartage A/c   ......Dr.		1,000
	To Cash A/c			1,000
	(Cartage paid in cash)
Jan.20	Drawing A/c   ......Dr.		5,000
	To Cash A/c			5,000
	(Cash drawn for period use)
Jan.22	Drawing A/c  ......Dr.		2,000
	To Purchase A/c			2,000
	(Goodsdrwn from business for households use)
Jan.25	Sudhir   ......Dr.		27,000
	To Cash A/c			26,700
	To Discount Received A/c			300
	(Cash paid to Sudhir and discount received)
	Total		4,83,200	4,83,200