The Total solution for NCERT class 6-12
2017
Rs
Jan. 01
Started business with cash
1,65,000
Jan. 02
Opened bank account in PNB
80,000
Jan. 04
Goods purchased from Tara
22,000
Jan.05
Goods purchased for cash
30,000
Jan.08
Goods sold to Naman
12,000
Jan.10
Cash paid to Tara
Jan.15
Cash received from Naman
11,700
Discount allowed
300
Jan. 16
Paid wages
200
Jan. 18
Furniture purchased for office use
5,000
Jan. 20
Withdrawn from bank for personal use
4,000
Jan. 22
Issued cheque for rent
3,000
Jan. 23
Goods issued for house hold purpose
2,000
Jan. 24
Drawn cash from bank for office use
6,000
Jan. 26
Commission received
1,000
Jan. 27
Bank charges
Jan. 28
Cheque given for insurance premium
Jan. 29
Paid salary
7,000
Jan. 30
Cash sales
10,000
Books of M/s Goel Brothers
Journal
Date
Particulars
L.F.
Debit Amount
Credit Amount
Jan.01
Cash A/c
Dr.
To Capital A/c
(Started business with cash)
Jan.02
Bank A/c
To Cash A/c
(Bank account opened with PNB)
Jan.04
Purchases A/c
To Tara
(Goods purchased from Tara)
(Goods purchased for cash)
Naman
To Sales A/c
(Sale of goods to Naman)
Tara
(Cash paid to Tara)
Discount Allowed A/c
To Naman
(Cash received from Naman and discount allowed)
Jan.16
Wages A/c
(Wages paid)
Jan.18
Furniture A/c
(Furniture purchased for cash)
Jan.20
Drawings A/c
To Bank A/c
(Cash drawn from bank for personal use)
Jan.22
Rent A/c
(Rent paid through cheque)
Jan.23
To Purchases A/c
(Goods drawn for household purpose)
Jan.24
(Cash drawn from bank)
Jan.26
To Commission A/c
(Commission received)
Jan.27
Bank Charges A/c
(Bank charged charges)
Jan.28
Insurance A/c
(Insurance paid through cheque)
Jan.29
Salaries A/c
(Salary paid)
Jan.30
(Cash received for sale of goods)
Total
3,84,400
Ledger
Cash Account
Cr.
J.F.
Amount Rs
Amount
Capital
Bank
Purchases
Commission
Wages
Sales
Furniture
Salaries
Jan.31
Balance c/d
49,500
1,93,700
Capital Account
Cash
Bank Account
Drawings
Rent
Insurance
63,800
Tara’s Account
Purchases Account
50,000
52,000
Sales Account
Balanced c/d
Naman's Account
Discount Allowed
Discount Allowed Account
Wages Account
Furniture Account
Drawings Account
Rent Account
Commission Account
Bank Charges Account
Insurance Account
Salaries Account