Ledger Problemsand
Ledger Problemsand
Solution
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Journal in the books of Mr. Ramu for the period from July 1st, 2005 to July 30th, 2005
V/R
Date
No.
July 1st
Particulars
Cash a/c
To Capital a/c
[Being the amount received from Mr. Ramu, the proprietor as his capital contribution vide
receipt no:___ dated:__]
July 1st Goods/Stock a/c
To Manu a/c
[Being the value of stock purchased from Mr. Manu vide bill no:___ dated:__ ]
July
Sonu a/c
2nd
To Goods/Stock a/c
[Being the value of stock sold to Mr.Sonu vide bill no:___ dated:__ ]
July 3rd Goods/Stock a/c
To Meenu a/c
[Being the value of stock purchased from Mr.Meenu on credit vide bill no:___ dated:__ ]
July 4th Cash a/c
To Goods/Stock a/c
L/F
Dr
Debit
Amount
(in Rs)
75,000
Credit
Amount
(in Rs)
75,000
Dr
25,000
Dr
20,000
Dr
15,000
Dr
16,000
25,000
20,000
15,000
16,000
July 5th
July 6th
July 7th
July 8th
July 9th
July
10th
July
11th
July
12th
July
13th
July
14th
July
15th
July
16th
July
17th
July
19th
July
20th
[Being the value of stock sold to Mr. Tanu for cash vide receipt no:___ dated:__ ]
Manu a/c
To Goods/Stock a/c
[Being the value of stock returned to Mr. Manu vide bill no:___ dated:__ ]
Furniture a/c
To Cash a/c
[Being the value of furniture purchased from M/s ___vide bill no:___ dated:__ ]
Goods/Stock a/c
To Zenu a/c
[Being the value of stock Purchased from Mr. Zenu vide bill no:___ dated:__ ]
Manu a/c
To Cash a/c
[Being the amount paid to Mr. Manu vide vocher no:___ dated:__ ]
Jane a/c
To Goods/Stock a/c
[Being the value of stock Sold to Ms.Zane vide bill no:___ dated:__ ]
Goods/Stock a/c
To Sonu a/c
[Being the value of stock returned from Mr. Sonu vide bill no:___ dated:__ ]
Cash a/c
To Jane a/c
[Being the amount of cash received from Ms. Jane vide cash receipt no:___ dated:__ ]
Drawings a/c
To Good/stock a/c
[Being the amount of stock taken by Ramu for domestic use vide bill no:___ dated:__ ]
Zenu a/c
To Goods/stock a/c
[Being the amount of stock returned to Mr. Zenu vide bill no:___ dated:__ ]
Cash a/c
To Sonu a/c
[Being the amount of cash received from Mr. Sonu vide cash receipt no:___ dated:__ ]
Machinery a/c
To Cash a/c
[Being the amount paid for machinery purchased to M/s ____vide vocher no:___ dated:__ ]
Cash a/c
To Furniture a/c
[Being the amount received on sale of furniture vide cash receipt no:___ dated:__ ]
Drawings a/c
To Cash a/c
[Being the amount of cash paid for bicycle purchases for proprietor's son vide vocher no:___
dated:__ ]
Cash a/c
To Goods/Stock a/c
[Being the value of stock sold for cash vide receipt no:___ dated:__ ]
Goods/Stock a/c
To Cash a/c
[Being the value of stock Purchased for vide vocher no:___ dated:__ ]
Dr
2,000
Dr
15,000
Dr
12,000
Dr
10,000
Dr
13,500
Dr
3,000
Dr
5,500
Dr
3,000
Dr
1,000
Dr
12,000
Dr
18,000
Dr
1,000
Dr
1,500
Dr
15,000
Dr
13,500
Dr Cash a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
01/07/05 To Capital a/c
75,000 05/07/05 By Furniture a/c
15,000
04/07/05 To Goods/Stock a/c 16,000 08/07/05 By Manu a/c
10,000
11/07/05 To Jane a/c
1,500
16/07/05 To Furniture a/c
66,500
Total
1,24,500
Total
1,24,500
31/07/05 To Balance b/d
66,500
Dr Capital a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
01/07/05 By Cash a/c
75,000
2,000
15,000
12,000
10,000
13,500
3,000
5,500
3,000
1,000
12,000
18,000
1,000
1,500
15,000
13,500
sub-total
30/07/05 To Balance c/d
Total
0
75,000
75,000
sub-total
75,000
Total
75,000
31/07/05 By Balance b/d
75,000
Dr Goods/Stock a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
01/07/05
25,000 02/07/05
15,000
03/07/05
15,000 04/07/05
16,000
To Manu a/c
By Sonu a/c
07/07/05
12,000 05/07/05
2,000
To Meenu a/c
By Goods /stock a/c
10/07/05
3,000 05/07/05
13,500
To Zenu a/c
By Manu a/c
20/07/05
13,500 05/07/05
3,000
To Sonu a/c
By Zane a/c
13/07/05
1,000
To Cash a/c
By Drawings a/c
19/07/05
15,000
By Zenu a/c
65,500
By Cash a/c
3,000
68,500
sub-total
68,500
sub-total
65,500
3,000
Total
68,500
Total
68,500
31/07/05 To Balance b/d
3,000
Dr Manu a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
05/07/05 To Goods/Stock a/c
2,000 01/07/05 By Goods/Stock a/c 25,000
o8/07/05 To Cash a/c
10,000
sub-total
12,000
sub-total
25,000
30/07/05 To Balance c/d
13,000
Total
25,000
Total
25,000
31/07/05 By Balance b/d
13,000;
Dr Sonu a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
02/07/05 To Goods/Stock a/c 15,000 10/07/05 By Goods/stock a/c
3,000
14/07/05 By Cash a/c
12,000
Total
15,000
Total
15,000
Dr Meenu a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
03/07/05 By Goods/Stock a/c 15,000
sub-total
0
sub-total
15,000
30/07/05 To Balance c/d
15,000
Total
15,000
Total
15,000
31/07/05 By Balance b/d
15,000;
Dr Furniture a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
06/07/05 To Cash a/c
15,000 14/07/05 By Cash a/c
1,000
sub-total
15,000
sub-total
1,000
30/07/05 By Balance c/d
14,000
Total
15,000
Total
15,000
31/07/05 To Balance b/d
14,000
Dr Zenu a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
13/07/05 To Goods/Stock a/c
1,000 07/07/05 By Goods/Stock a/c 12,000
sub-total
1,000
sub-total
12,000
30/07/05 To Balance c/d
11,000
Total
12,000
Total
12,000
31/07/05 By Balance b/d
11,000;
Dr Jane a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars J/F
(in Rs)
(in Rs)
09/07/05 To Goods/stock a/c 13,500 11/07/05 By Cash a/c
5,500
sub-total
13,500
sub-total
5,500
30/07/05 By Balance c/d
8,000
Total
31/07/05 To Balance b/d
13,500
Total
13,500
8,000
Dr Drawings a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars J/F
(in Rs)
(in Rs)
13/07/05 To Goods/stock a/c
3,000
17/07/05 To Cash a/c
1,500
sub-total
4,500
sub-total
0
30/07/05 By Balance c/d
4,500
Total
4,500
Total
4,500
31/07/05 To Balance b/d
4,500
Dr Machinery a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
15/07/05
3,000
To Cash a/c
18,000
sub-total
18,000
sub-total
0
30/07/05 By Balance c/d
18,000
Total
18,000
Total
18,000
31/07/05 To Balance b/d
18,000
No.
02. Journalise the following transactions in the books of Moon and post them into the ledger for the month of August
Aug 10th : Moon commenced business with a capital of Rs. 1,50,000
Cash deposited into bank Rs. 50,000
11th : Bought equipment for Rs. 15,000
12th : Bought goods worth Rs. 20,000 from Star and payment made by cheque
13th :
14th: Sold goods to Sun for Rs. 15,000 and payment received through cheque
16th :
17th : Paid rent by cheque Rs. 5,000
18th : Took loan from Mr. Storm Rs. 25,000
19th : Received commission from Mr. Air by cheque Rs. 5,000
20th : Wages paid Rs. 15,000
21st : Withdrew from bank for personal use Rs. 3,000
22nd : Withdrew from bank for office use Rs. 10,000
23rd : Bought goods for Rs. 25,000
24th : Cash paid into bank Rs. 30,000
25th : Interest paid through cheque Rs. 2,000
26th : Gave loan to Mr.Wind Rs. 10,000
27th : Amount paid to Mr. Storm on loan account Rs. 15,000
28th : Salary paid to Manager Mr. Liquid Rs. 5,000
29th : Postage paid Rs. 1,000
30th : Received cheque from Mr. Wind on loan account Rs. 3,000
Sold part of the equipment for Rs. 2,000
Solution
Journal in the books of Mr. Moon for the period from August 10th, 2005 to August 30th, 2005
Date
August
10th
August
11th
August
12th
August
13th
August
14th
August
16th
August
17th
August
18th
August
19th
August
20th
August
21st
August
22nd
August
23rd
August
24th
August
25th
August
26th
August
27th
August
28th
August
29th
August
30th
V/R
No.
Particulars
L/F
Cash a/c
To Capital a/c
[Being the amount received from Mr. Moon, the proprietor as his capital contribution vide
receipt no:__ dated:__ ]
Bank a/c
To Cash a/c
[Being the amount of cash deposited into bank vide bill no:___ dated:__ ]
Equipment a/c
To Cash a/c
[Being the value of equipment purchased from M/s___ for cash vide bill no:___ dated:__ ]
Goods/Stock a/c
To Bank a/c
[Being the payment made for stock purchased vide Cheque no:__ dated:__ ]
Bank a/c
To Goods/Stock a/c
[Being the amount received for stock sold to Mr. Sun vide Cheque no:__ dated:__ ]
Rent a/c
To Bank a/c
[Being the amount paid for rent vide vocher no:___ dated:__ ]
Cash a/c
To Loan from Storm a/c
[Being the cash received from Mr. Storm as loan vide receipt no:___ dated:__ ]
Bank a/c
To Commission a/c
[Being the amount received for commission vide cheque no:__ dated:__]
Wages a/c
To Cash a/c
[Being the amount paid for wages vide vocher no:___ dated:__ ]
Drawings a/c
To Bank a/c
[Being the amount withdrawn from bank for personal use vide cheque no:___ dated:__ ]
Cash a/c
To Bank a/c
[Being the amount withdrawn from bank for office purpose vide cheque no:___ dated:__ ]
Goods/Stock a/c
To Cash a/c
[Being the amount of cash paid for stock purchases vide vocher no:___ dated:__ ]
Bank a/c
To Cash a/c
[Being the amount deposited into bank vide vocher no:___ dated:__ ]
Interest a/c
To Bank a/c
[Being the amount of interest paid vide cheque no:___ dated:__ ]
Loan to Mr. Wind a/c
To Cash a/c
[Being the amount of cash given to Mr. Wind as loan vide vocher no:___ dated:__ ]
Loan from Storm a/c
To Cash a/c
[Being the amount paid to Mr. Storm for repayment of loan vide vocher no:___ dated:__ ]
Salary a/c
To Cash a/c
[Being the amount paid for salary to Mr. Liquid vide vocher no:___ dated:__ ]
Postage a/c
To Cash a/c
[Being the amount paid for purchase of postage vide vocher no:___ dated:__ ]
Bank a/c
To Equipment a/c
[Being the Cheque no:___ date___ received from Mr. Wind for repayment of loan]
Cash a/c
To Loan to Mr. Wind a/c
[Being the amount received on sale of equipment vide receipt no:___ dated:__ ]
Dr Cash a/c Cr
Amount
Date
Particulars
J/F
Date
Particulars
(in Rs)
10/08/05 To Capital a/c
15,000 11/08/05 By Bank a/c
17/08/05 To loan from storm
12/08/05 By Equipment a/c
Dr
Credit
Amount
(in Rs)
1,50,000
Dr
50,000
Dr
15,000
Dr
20,000
Dr
15,000
Dr
5,000
Dr
25,000
Dr
5,000
Dr
15,000
Dr
3,000
Dr
10,000
Dr
25,000
Dr
30,000
Dr
2,000
Dr
10,000
Dr
15,000
Dr
5,000
Dr
1,000
Dr
3,000
Dr
2,000
Amount
(in Rs)
50,000
15,000
J/F
Debit
Amount
(in Rs)
1,50,000
50,000
15,000
20,000
15,000
5,000
25,000
5,000
15,000
3,000
10,000
25,000
30,000
2,000
10,000
15,000
5,000
1,000
3,000
2,000
21/08/05 a/c
30/08/05 To Bank a/c
To Equipment
15,000
25,000
30,000
10,000
15,000
27/08/05 a/c
28/08/05 By Salaries a/c
5,000
30/08/05 By Postage a/c
1,000
By Balance c/d
21,000
Total
1,87,000
Total
1,87,000
31/07/05 To Balance b/d
21,000
Dr Capital a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
10/08/05 By Cash a/c
1,50,000
30/08/05 To Balance c/d 1,50,000
1,50,000
1,50,000
31/08/05 By Balance b/d 1,50,000
Dr Bank a/c Cr
Amount
Amount
Date
Particulars
J/F
Date
Particulars
J/F
(in Rs)
(in Rs)
11/08/05 T0 Cash a/c
50,000 13/08/05 By Goods/Stock a/c 20,000
14/08/05 To Goods/Stock a/c 15,000 16/08/05 By Rent a/c
5,000
18/08/05 To Commission a/c
5,000 20/08/05 By Drawings a/c
3,000
23/08/05 To Cash
2,000
63,000
Dr Equipment a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
12/08/05 To Cash a/c
15,000 30/08/05 By Cash a/c
2,000
30/08/05 By Balance c/d 13,000
15,000
15,000
31/08/05 To Balance b/d
13,000
Dr Goods/Stock a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
13/08/05 To Bank a/c
20,000 14/08/05 By Bank a/c
15,000
22/08/05 To Cash a/c
25,000
30/08/05 By Balance c/d 30,000
45,000
45,000
31/08/05 To Balance b/d
30,000
Dr Rent a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
16/08/05 To Bank a/c
5,000
30/08/05 To Balance c/d
5,000
5,000
5,000
31/08/05 By Balance b/d
5,000
Dr Wages a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
19/08/05 To Cash a/c
15,000
30/08/05 By Balance c/d 15,000
15,000
15,000
31/08/05 To Balance b/d
15,000
Dr Drawings a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
20/08/05 To Bank a/c
3,000
30/08/05 By Balance c/d
3,000
3,000
3,000
31/08/05 To Balance b/d
3,000
Dr Interest a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
24/08/05 To Bank a/c
2,000
30/08/05 By Balance c/d
2,000
2,000
2,000
31/08/05 To Balance b/d
2,000
Dr Loan to Wind a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
25/08/05 To Cash a/c
10,000 29/08/05 By Bank
3,000
30/08/05 By Balance c/d
7,000
10,000
10,000
31/08/05 To Balance b/d
7,000
Dr Salaries a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
27/08/05 To Cash a/c
5,000
30/08/05 By Balance c/d
5,000
5,000
5,000
31/08/05 To Balance b/d
5,000
Dr Postage a/c Cr
Amount
Amount
Date
Particulars J/F
Date
Particulars J/F
(in Rs)
(in Rs)
28/08/05 To Cash a/c
1,000
30/08/05 By Balance c/d
1,000
1,000
1,000
31/08/05 To Balance b/d
1,000