Question

The following balances of ledger of M/s Marble Traders on April 01, 2017

2017 April	₹
Cash in hand	6,000
Cash at bank	12,000
Bills receivable	7,000
Ramesh (Cr.)	3,000
Stock (Goods)	5,400
Bills payable	2,000
Rahul (Dr.)	9,700
Himanshu (Dr.)	10,000

Transactions during the month were:

April		₹
01	Goods sold to Manish	3,000
02	Purchased goods from Ramesh	8,000
03	Received cash from Rahul in full settlement	9,200
05	Cash received from Himanshu on account	4,000
06	paid to Remesh by cheque	6,000
08	Rent paid by cheque	1,200
10	Cash received from manish	3,000
12	Cash sales	6,000
14	Goods returned to Ramesh	1,000
15	Cash paid to Ramesh in full settlement	3,700
	Discount received	300
18	Goods sold to Kushal	10,000
20	Paid trade expenses	200
21	Drew for personal use	1,000
22	Goods return from Kushal	1,200
24	Cash received from Kushal	6,000
26	Paid for stationery	100
27	Postage charges	60
28	Salary Paid	2,500
29	Goods purchased from Sheetal Traders	7,000
30	Sold goods to Kirit	6,000
	Goods purchased from Handa Traders	5,000

Journalise the above transactions and post them to the ledger

Answer 1

Date	Particulars	L.F.	Debit Amount Rs	Credit Amount Rs
2017 Apr.01	Cash A/c Dr.		6,000
	Bank A/c Dr.		12,000
	Bills Receivable A/c Dr.		7,000
	Stock A/c Dr.		5,400
	Rahul's A/c Dr.		9,700
	Himanshu A/c Dr.		10,000
	To Ramesh's A/c			3,000
	To Bills Payable A/c			2,000
	To Capital A/c (Balancing figure)			45,100
	(Balance brought from last year)
Apr.01	Manish Dr.		3,000
	To Sales A/c			3,000
	(Goods sold to Manish)
Apr.02	Purchases A/c Dr.		8,000
	To Ramesh			8,000
	(Goods purchased from Ramesh)
Apr.03	Cash A/c Dr.		9,200
	Discount Allowed A/c Dr.		500
	To Rahul			9,700
	(Cash received from Rahul and discount allowed)
Apr.05	Cash A/c Dr.		4,000
	To Himanshu			4,000
	(Cash received from Himanshu)
Apr.06	Ramesh Dr.		6,000
	To Bank A/c			6,000
	(Cheque issued to Ramesh)
Apr.08	Rent A/c Dr.		1,200
	To Bank A/c			1,200
	(Rent paid by cheque)
Apr.10	Cash A/c Dr.		3,000
	To Manish			3,000
	(Cash received from Manish)
Apr.12	Cash A/c Dr.		6,000
	To Sales A/c			6,000
	(Goods sold for cash)
Apr.14	Ramesh Dr.		1,000
	To Purchases Return A/c			1,000
	(Goods returned to Ramesh)
Apr.15	Ramesh Dr.		4,000
	To Cash A/c			4,000
	To Discount Received A/c
	(Cash paid to Ramesh and discount received)
Apr.18	Kushal Dr.		10,000
	To Sales A/c			10,000
	(Goods sold to Kushal)
Apr.20	Trade Expenses A/c Dr.		200
	To Cash A/c			200
	(Trade expenses paid)
Apr.21	Drawings A/c Dr.		1,000
	To Cash A/c			1,000
	(Cash withdrawn for personal use)
Apr.22	Sales Return A/c Dr.		1,200
	To Kushal			1,200
	(Kushal returned goods)
Apr.24	Cash A/c Dr.		6,000
	To Kushal			6,000
	(Cash received from Kushal)
Apr.26	Stationery A/c Dr.		100
	To Cash A/c			100
	(Stationery paid)
Apr.27	Postages A/c Dr.		60
	To Cash A/c			60
	(Postage charges paid)
Apr.28	Salaries A/c Dr.		2,500
	To Cash A/c			2,500
	(Salary paid)
Apr.29	Purchases A/c Dr.		7,000
	To Sheetal Traders			7,000
	(Goods purchased from Sheetal Traders)
Apr.30	Kirit		6,000
	To Sales A/c			6,000
	(Goods sold to Kirit)
Apr.30	Purchases A/c		5,000
	To Handa Traders			5,000
	(Goods purchased from Handa Traders)
	Total		1,35,060	1,35,060

 

Dr.	Ledger Cash Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		6,000	Apr.15	Ramesh Trade		3,700
Apr.03	Rahul		9,200	Apr.20	Expenses		200
Apr.05	Himanshu		4,000	Apr.21	Drawings		1,000
Apr.10	Manish		3,000	Apr.26	Stationary		100
Apr.12	Sales		6,000	Apr.27	Postage		60
Apr.24	Kushal		6,000	Apr.28	Salaries		2,500
				Apr.30	Balance c/d		26,640
			34,200				34,200

 

Dr.	Bank Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
	Balance b/d		12,000	Apr.06	Ramesh		6,000
				Apr.08	Rent		1,200
				Apr.30	Balance c/d		4,800
			12,000				12,000

 

Dr.	Bills Receivable Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		7,000
				Apr.30	Balance c/d		7,000
			7,000				7,000

 

Dr.	Stock Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		5,400
				Apr.30	Balance c/d		5,400
			5,400				5,400

 

Dr.	Rahul’s Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		9,700	Apr.03	Cash		9,200
				Apr.03	Discount Allowed		500
			9,700				9,700

 

Dr.	Himanshu'sAccount						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		10,000	Apr.05	Cash		4,000
				Apr.30	Balance c/d		6,000
			10,000				10,000

 

Dr.	Ramesh'sAccount						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.06	Bank		6,000	Apr.01	Balance b/d		3,000
Apr.14	Purchases Return		1,000	Apr.02	Purchases		8,000
Apr.15	Cash		3,700
Apr.15	Discount Received		300
			11,000				11,000

 

Dr.	Bills Payable Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.01	Balance b/d		2,000
Apr.30	Balance c/d		2,000
			2,000				2,000

 

Dr.	Capital Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.01	Balance b/d		45,100
Apr.30	Balance c/d		45,100
			45,100				45,100

 

Dr.	Manish’s Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Sales		3,000	Apr.10	Cash		3,000
			3,000				3,000

 

Dr.	Sales Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.01	Manish		3,000
				Apr.12	Cash		6,000
				Apr.18	Kushal		10,000
	Balance c/d		25,000	Apr.30	Kirit		6,000
			25,000				25,000

 

Dr.	Purchases Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
	Ramesh		8,000
Apr.02	Sheetal Traders		7,000
Apr.29	Handa Traders		5,000	Apr.30	Balance c/d		20,000
			20,000				20,000

 

Dr.	Discount Allowed Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.03	Rahul		500
				Apr.30	Balance c/d		500
			500				500

 

Dr.	Rent Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.08	Bank		1,200
				Apr.30	Balance c/d		1,200
			1,200				1,200

 

Dr.	Discount Received Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.15	Ramesh		300
Apr.30	Balance c/d		300
			300				300

 

Dr.	Kushal'sAccount						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.1	Sales		10,000	Apr.22	Sales Return		1,200
				Apr.24	Cash		6,000
				Apr.30	Balance c/d		2,800
			10,000				10,000

 

Dr.	Trade Expenses Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.20	Cash		200
				Apr.30	Balance c/d		200
			200				200

 

Dr.	Drawing's Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.21	Cash		1,000
				Apr.30	Balance c/d		1,000
			1,000				1,000

 

Dr.	Sales Return Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.22	Kushal		1,200
				Apr.30	Balance c/d		1,200
			1,200				1,200

 

Dr.	Stationery Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.26	Cash		100
				Apr.30	Balance c/d		100
			100				100

 

Dr.	Postages Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.27	Cash		60
				Apr.30	Balance c/d		60
			60				60

 

Dr.	Salaries Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.28	Cash		2,500
				Apr.30	Balance c/d		2500
			2,500				2,500

 

Dr.	Sheetal Trader's Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.29	Purchases		7,000
Apr.30	Balance c/d		7,000
			7,000				7,000

 

Dr.	Handa Trader's Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.30	Purchases		5,000
Apr.30	Balance c/d		5,000
			5,000				5,000

 

Dr.	Purchases Return Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.14	Ramesh		1,000
Apr.30	Balance c/d		1,000
			1,000				1,000

 

Dr.	Kirit Account						Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.30	Sales A/c		6,000
				Apr.30	Balance c/d		6,000
			6,000				6,000