The Total solution for NCERT class 6-12
2017
Rs
Nov. 01
Business started with
(i) Cash
1,50,000
(ii) Goods
50,000
Nov. 03
Purchased goods from Harish
30,000
Nov. 05
Sold goods for cash
12,000
Nov. 08
Purchase furniture for cash
5,000
Nov. 10
Cash paid to Harish on account
15,000
Nov. 13
Paid sundry expenses
200
Nov. 15
Cash sales
Nov. 18
Deposited into bank
Nov. 20
Drew cash for personal use
1,000
Nov. 22
Cash paid to Harish in full settlement of account
14,700
Nov. 25
Good sold to Nitesh
7,000
Nov. 26
Cartage paid
Nov. 27
Rent paid
1,500
Nov. 29
Received cash from Nitesh
6,800
Discount allowed
Nov. 30
Salary paid
3,000
Journal
Date
Particulars
L.F.
Debit Amount Rs
Credit Amount
Nov.01
Cash A/c
Dr.
Stock A/c
To Capital A/c
2,00,000
(Started business with cash and goods)
Nov.03
Purchases A/c
To Harish
(Goods purchased from Harish)
Nov.05
To Sales A/c
(Goods sold for cash)
Nov.08
Furniture A/c
To Cash A/c
(Furniture purchased for cash)
Nov.10
Harish A/c
(Cash paid to Harish)
Nov.13
Sundry Expenses A/c
To Cash
(Sundry expenses paid)
Nov.15
Nov.18
Bank A/c
(Cash deposited into bank)
Nov.20
Drawings A/c
(Cash drawn for personal use)
Nov.22
Harish
To Discount Received A/c
300
(Payment made to Harish and discount received)
Nov.25
Nitesh
(Goods sold to Nitesh)
Nov.26
Cartage A/c
(Cartage paid)
Nov.27
Rent A/c
(Rent paid)
Nov.29
Discount Allowed A/c
To Nitesh
(Cash received from Nitesh and discount allowed)
Nov.30
Salaries A/c
(Salary paid)
Total
3,16,900
Ledger
Cash Account
Cr.
J.F.
Amount
Amount Rs
Capital
Furniture
Sales
Sundry Expenses
Bank
Drawings
Cartage
Rent
Salaries
Balance c/d
1,38,200
1,83,000
Capital Account
Cash
Stock
Stock Account
Cartage Account
Rent Account
Salaries Account
Furniture Account
Nitesh’s Account
Dr
Discount Allowed
Sales Account
Balanced c/d
34,000
Purchases Account
Harish’s Account
Purchases
Discount Received
Sundry Expenses Account
Bank Account
Drawings Account
Discount Received Account
3,00
Discount Allowed Account