Q1.
Journalize the
following transactions, post them in the ledger and balance the accounts on 31st
December.
1. X started business with a capital of Rs.20,000
2.He purchased goods from Y on credit Rs. 4,000
3.He paid cash to Y Rs. 2,000
4.He sold goods to Z Rs. 4,000
5. He received cash from Z Rs. 6,000
6. He further purchased goods from Y Rs. 4,000
7. He paid cash to Y Rs. 2,000
8. He further sold goods to Z Rs.4,000
9. He received cash from Z Rs. 2,000
see in detail
Q2.
From the
following transactions prepare necessary ledger accounts In the books of Mr.
Joshi and balance the same.
2011
Jul.1 Started Business with Cash Rs. 8,000.
4 Purchased goods on credit from Mr.
Deshmukh Rs. 3,000 at 10% T.D.
6 Cash Sales Rs. 4,000 at 5% C.D.
10 Paid Rent Rs. 900.
15 Cash Purchases Rs. 800.
20 Credit sales to Mr. Kulkarni Rs. 2,000
22 Paid cash to Mr. Deshmukh Rs. 2,700
23 Received cash from Mr. Kulkarni Rs. 1,000
31 Paid wages Rs. 500.
see in detail
Q3.
From the
following Cash book of Mr. Patel for the month of April, 2011. Prepare
necessary Ledger A/c’s and Balance the same.
Dr. Cash A/c Cr.
|
Date
|
Particulars
|
R. No.
|
L.F.
|
Amt.
|
Date
|
Particulars
|
V.No.
|
L.F.
|
Amt.
|
|
2011
|
|
|
|
|
2011
|
|
|
|
|
|
Apr. 1
|
To
Balance b/d
|
|
|
5,000
|
Apr. 1
|
By
Purchases A/c
|
|
|
800
|
|
3
|
To
Rohan’s A/c
|
|
|
1,400
|
4
|
By Wages
A/c
|
|
|
500
|
|
6
|
To Sales
A/c
|
|
|
3,600
|
8
|
By
Purchases A/c
|
|
|
3,400
|
|
8
|
To
Interest A/c
|
|
|
1,000
|
10
|
By
Rekha’s A/c
|
|
|
1,900
|
|
10
|
To
Imran’s A/c
|
|
|
2,000
|
12
|
By
Drawing A/c
|
|
|
1,700
|
|
15
|
To Sales
A/c
|
|
|
6,000
|
22
|
By
Purchases A/c
|
|
|
1,600
|
|
20
|
To
Rohan’s A/c
|
|
|
700
|
30
|
By Bank
A/c
|
|
|
6,800
|
|
30
|
To
Capital A/c
|
|
|
7,000
|
30
|
By
Balance c/d
|
|
|
10,000
|
|
|
|
|
|
26,700
|
|
|
|
|
26.700
|
|
May 1
|
To
Balance b/d
|
|
|
10,000
|
|
|
|
|
|
see in detail
Q4.
From the
following Cash Book (with cash and bank columns) Prepare necessary Ledger A/c’s
and Balance the them.
Dr. Cash
Book (with Cash and Bank Columns)
Cr.
|
Date
|
Particulars
|
L.F.
|
Cash Rs.
|
Bank Rs.
|
Date
|
Particulars
|
L.F.
|
Cash Rs.
|
Bank Rs.
|
|
2011
|
|
|
|
|
2011
|
|
|
|
|
|
Apr. 1
|
To
Balance b/d
|
|
400
|
1,000
|
Apr. 1
|
By
Purchases A/c
|
|
700
|
|
|
2
|
To Ram’s
A/c
|
|
980
|
|
3
|
By Rent
A/c
|
|
|
200
|
|
3
|
To Sales
A/c
|
|
|
4,000
|
10
|
By
Sita’s A/c
|
|
300
|
|
|
7
|
To
Interest A/c
|
|
120
|
|
8
|
By
Salaries A/c
|
|
|
450
|
|
10
|
To Sales
A/c
|
|
500
|
|
10
|
By
Purchases A/c
|
|
|
1,350
|
|
25
|
To Bank
A/c
|
|
2,000
|
|
30
|
By
Balance c/d
|
|
3,000
|
1,000
|
|
|
|
|
4,000
|
5,000
|
|
|
|
4,000
|
5,000
|
|
May 1
|
To
Balance b/d
|
|
3,000
|
1,000
|
|
|
|
|
|
see in detail
Q5.
From the
following Subsidiary books prepare necessary ledger accounts and balance them.
Purchase Book
|
Date
|
Particulars
|
Inward
Invoice no.
|
L.F.
|
Amt. Rs.
|
|
2011
|
|
|
|
|
|
Aug. 2
|
Laxman
|
|
|
4,250
|
|
5
|
Joseph
|
|
|
1,500
|
|
10
|
Salman
|
|
|
3,000
|
|
15
|
Kamini
|
|
|
2,500
|
|
31
|
Patel
|
|
|
800
|
|
|
Total
|
|
|
12,050
|
Purchase
Return Book
|
Date
|
Particulars
|
Debit Note No.
|
L.F.
|
Amt. Rs.
|
|
2011
|
|
|
|
|
|
Aug. 7
|
Laxman
|
|
|
550
|
|
18
|
Kamini
|
|
|
700
|
|
31
|
Patel
|
|
|
100
|
|
|
Total
|
|
|
1,350
|
see in detail
