The Total solution for NCERT class 6-12
2017
Rs
Jan.01
Commenced business with cash
1,75,000
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
Discount allowed
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 house hold
2,000
Jan.25
Cash paid to Sudhir
26,700
300
Books of Mudit
Journal
Date
Particulars
L.F.
Debit Amount
Credit Amount Rs
Building A/c
Dr.
Cash A/c
To Capital A/c
2,75,000
(Commenced business with cash and building)
Purchases A/c
To Cash A/c
(Goods purchased for cash)
Ramesh
To Sales A/c
(Goods sold to Ramesh)
Wages A/c
(Wages paid in cash)
(Goods sold for cash)
Trade Expenses A/c
(Trade expenses paid in cash)
Discount Allowed A/c
To Ramesh
(Cash received from Ramesh and discount
allowed to him)
To Sudhir
(Goods purchased from Sudhir on credit)
Cartage A/c
(Cartage paid in cash)
Drawings A/c
(Cash drawn for personal use)
To Purchases A/c
(Goods drawn from business for households use)
Sudhir
To Discount Received A/c
(Cash paid to Sudhir and discount received)
Total
4,83,200