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Prb 6

Problem - 1
Mr. Ramu has the following transactions
in the month of July.

Record them into the journal and show

postings in the ledger and balance the
accounts.

July 1st : Ramu started business with

a capital of 75,000
1st : Purchased goods from Manu
on credit 25,000
2nd : Sold goods to Sonu 20,000

3rd : Purchased goods from Meenu

15,000
4th : Sold goods to Tanu for cash
16,000
5th : Goods retuned to Manu 2,000

6th : Bought furniture for 15,000

7th : Bought goods from Zenu

12,000
8th : Cash paid to Manu 10,000

9th : Sold goods to Jane 13,500

10th : Goods returned from Sonu

3,000
11th : Cash received from Jane
5,500
12th : Goods taken by Ramu for
domestic use 3,000
13th : Returned Goods to Zenu
1,000
14th : Cash received from Sonu
12,000
15th : Bought machinery for 18,000

16th : Sold part of the furniture for

1,000
17th : Cash paid for the purchase of
bicycle for Ramu's son 1,500
19th : Cash sales 15,000

20th : Cash purchases 13,500

Solution hide

Journal in the books of M/s Rama & Sons

for the period from July 1st, _5 to July 31st, _5

V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)

July 1st – Cash a/c Dr – 75,000

To Capital a/c – 75,000

[Being the amount

received from Mr. Ramu,
the proprietor as his
capital contribution vide
receipt no:___ dated:__]

July 1st – Goods/stock a/c Dr – 25,000

To Manu a/c – 25,000

[Being the value of stock

purchased from Mr. Manu
vide bill no:___ dated:__]

July 2nd – Sonu a/c Dr – 20,000

To Goods/stock a/c – 20,000

[Being the value of stock

sold to Mr.Sonu vide bill
no:___ dated:__]

July 3rd – Goods/stock a/c Dr – 15,000

To Meenu a/c – 15,000

[Being the value of stock

purchased from
Mr.Meenu on credit vide
bill no:___ dated:__]

July 4th – Cash a/c Dr – 16,000

To Goods/stock a/c – 16,000

[Being the value of stock

sold to Mr. Tanu for cash
vide receipt no:___
dated:__]

July 5th – Manu a/c Dr – 2,000

To Goods/stock a/c – 2,000

[Being the value of stock

returned to Mr. Manu
vide bill no:___ dated:__]

July 6th – Furniture a/c Dr – 15,000

To Cash a/c – 15,000

[Being the value of

furniture purchased from
M/s ___vide bill no:___
dated:__]

July 7th – Goods/stock a/c Dr – 12,000

To Zenu a/c – 12,000

[Being the value of stock

Purchased from Mr. Zenu
vide bill no:___ dated:__]

July 8th – Manu a/c Dr – 10,000

To Cash a/c – 10,000

[Being the amount paid

to Mr. Manu vide voucher
no:___ dated:__]

July 9th – Jane a/c Dr – 13,500

To Goods/stock a/c – 13,500

[Being the value of stock

Sold to Ms.Zane vide bill
no:___ dated:__]

July 10th – Goods/stock a/c Dr – 3,000

To Sonu a/c – 3,000

[Being the value of stock

returned from Mr. Sonu
vide bill no:___ dated:__]

July 11th – Cash a/c Dr – 5,500

To Jane a/c – 5,500

[Being the amount of

cash received from Ms.
Jane vide cash receipt
no:___ dated:__]

July 12th – Drawings a/c Dr – 3,000

To Goods/stock a/c – 3,000

[Being the amount of

stock taken by Ramu for
domestic use vide bill
no:___ dated:__]

July 13th – Zenu a/c Dr – 1,000

To Goods/stock a/c – 1,000

[Being the amount of

stock returned to Mr.
Zenu vide bill no:___
dated:__]

July 14th – Cash a/c Dr – 12,000

To Sonu a/c – 12,000

[Being the amount of

cash received from Mr.
Sonu vide cash receipt
no:___ dated:_]

July 15th – Machinery a/c Dr – 18,000

To Cash a/c – 18,000

[Being the amount paid

for machinery purchased
to M/s ____vide voucher
no:___ dated:__]

July 16th – Cash a/c Dr – 1,000

To Furniture a/c – 1,000

[Being the amount

received on sale of
furniture vide cash
receipt no:___ dated:__]

July 17th – Drawings a/c Dr – 15,000

To Cash a/c – 15,000

[Being the amount of

cash paid for bicycle
purchases for
proprietor's son vide
voucher no:___ dated:__]

July 19th – Cash a/c Dr – 15,000

To Goods/stock a/c – 15,000

[Being the value of stock

sold for cash vide receipt
no:___ dated:__]

July 20th – Goods/stock a/c Dr – 13,500

To Cash a/c – 13,500

[Being the value of stock

Purchased for vide
voucher no:___ dated:__]

General Ledger
[Books of Mr. Ramu]

Dr Cash a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Capital a/c – 75,000 06/10/_5 By Furniture a/c – 15,000

04/10/_5 To Goods/stock a/c – 16,000 08/10/_5 By Manu a/c – 10,000
11/10/_5 To Jane a/c – 5,500 15/10/_5 By Machinery a/c – 18,000
14/10/_5 To Sonu a/c – 12,000 17/10/_5 By Drawings a/c – 15,000
16/10/_5 To Furniture a/c – 1,000 20/10/_5 By Goods/stock a/c – 13,500
19/10/_5 To Goods/stock a/c – 15,000 30/07/_5 By Balance c/d – 53,000

tl 1,24,500 tl 1,24,500

31/07/_5 To Balance b/d – 53,000

Dr Capital a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

30/07/_5 To Balance c/d – 75,000 01/10/_5 By Cash a/c – 75,000

tl 75,000 tl 75,000

31/07/_5 By Balance b/d – 75,000

Dr Goods/stock a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Manu a/c – 25,000 02/10/_5 By Sonu a/c – 20,000

03/10/_5 To Meenu a/c – 15,000 04/10/_5 By Cash a/c – 16,000
07/10/_5 To Zenu a/c – 12,000 05/10/_5 By Manu a/c – 2,000
10/10/_5 To Sonu a/c – 3,000 09/10/_5 By Jane a/c – 13,500
20/10/_5 To Cash a/c – 13,500 12/10/_5 By Drawings a/c – 3,000
30/07/_5 To Balance c/d – 2,000 13/10/_5 By Zenu a/c – 1,000
19/10/_5 By Cash a/c – 15,000

tl 70,500 tl 70,500

31/07/_5 By Balance b/d – 2,000

Dr Manu a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

05/10/_5 To Goods/stock a/c – 2,000 01/10/_5 By Goods/stock a/c – 25,000

08/10/_5 To Cash a/c – 10,000
30/07/_5 To Balance c/d – 13,000

tl 25,000 tl 25,000

31/07/_5 By Balance b/d – 13,000

Dr Sonu a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

02/10/_5 To Goods/stock a/c – 20,000 10/10/_5 By Goods/stock a/c – 3,000

14/10/_5 By Cash a/c – 12,000
30/07/_5 By Balance c/d – 5,000

tl 20,000 tl 20,000

31/07/_5 To Balance b/d – 5,000

Dr Meenu a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

30/07/_5 To Balance c/d – 15,000 03/10/_5 By Goods/stock a/c – 15,000

tl 15,000 tl 15,000

31/07/_5 By Balance b/d – 15,000

Dr Furniture a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

06/10/_5 To Cash a/c – 15,000 16/10/_5 By Cash a/c – 1,000

30/07/_5 By Balance c/d – 14,000

tl 15,000 tl 15,000

31/07/_5 To Balance b/d – 14,000

Dr Zenu a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

13/10/_5 To Goods/stock a/c – 1,000 07/10/_5 By Goods/stock a/c – 12,000

30/07/_5 To Balance c/d – 11,000

tl 12,000 tl 12,000

31/07/_5 By Balance b/d – 11,000

Dr Jane a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

09/10/_5 To Goods/stock a/c – 13,500 11/10/_5 By Cash a/c – 5,500

30/07/_5 By Balance c/d – 8,000

tl 13,500 tl 13,500

31/07/_5 To Balance b/d – 8,000

Dr Drawings a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

12/10/_5 To Goods/stock a/c – 3,000 30/07/_5 By Balance c/d – 18,000

17/10/_5 To Cash a/c – 15,000

tl 18,000 tl 18,000

31/07/_5 To Balance b/d – 18,000

Dr Machinery a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

15/10/_5 To Cash a/c – 18,000 30/07/_5 By Balance c/d – 18,000

tl 18,000 tl 18,000

31/07/_5 To Balance b/d – 18,000

Problem - 2
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 1,50,000
11th : Cash deposited into bank
50,000
12th : Bought equipment for
15,000
13th : Bought goods worth 20,000
from Star and payment
made by cheque
14th : Sold goods to Sun for
15,000 and payment
received through cheque
16th : Paid rent by cheque 5,000

17th : Took loan from Mr. Storm

25,000
18th : Received commission from
Mr. Air by cheque 5,000
19th : Wages paid 15,000

20th : Withdrew from bank for

personal use 3,000
21st : Withdrew from bank for
oace use 10,000
22nd : Bought goods for 25,000

23rd : Cash paid into bank 30,000

24th : Interest paid through

cheque 2,000
25th : Gave loan to Mr.Wind 10,000

26th : Amount paid to Mr. Storm

on loan account 15,000
27th : Salary paid to Manager Mr.
Liquid 5,000
28th : Postage paid 1,000

29th : Received cheque from Mr.

Wind on loan account 3,000
30th : Sold part of the equipment
for 2,000

Solution hide

Journal in the books of M/s Rama & Sons

for the period from August 10th, _5 to August 30th, _5

V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)

August 10th – Cash a/c Dr – 1,50,000

To Capital a/c – 1,50,000

[Being the amount received

from Mr. Moon, the proprietor
as his capital contribution vide
receipt no:__ dated:__]

11th – Bank a/c Dr – 50,000

To Cash a/c – 50,000

[Being the amount of cash

deposited into bank vide bill
no:___ dated:__]

12th – Equipment a/c Dr – 15,000

To Cash a/c – 15,000

[Being the value of equipment

purchased from M/s___ for
cash vide bill no:___ dated:__]

13th – Goods/stock a/c Dr – 20,000

To Bank a/c – 20,000

[Being the payment made for

stock purchased vide Cheque
no:__ dated:__]

14th – Bank a/c Dr – 15,000

To Goods/stock a/c – 15,000

[Being the amount received for

stock sold to Mr. Sun vide
Cheque no:__ dated:__]

16th – Rent a/c Dr – 5,000

To Bank a/c – 5,000

[Being the amount paid for

rent vide voucher no:___
dated:__]

17th – Cash a/c Dr – 25,000

To Loan from Storm a/c – 25,000

[Being the cash received from

Mr. Storm as loan vide receipt
no:___ dated:__]

18th – Bank a/c Dr – 5,000

To Commission a/c – 5,000

[Being the amount received for

commission vide cheque no:__
dated:__]

19th – Wages a/c Dr – 15,000

To Cash a/c – 15,000

[Being the amount paid for

wages vide voucher no:___
dated:__]

20th – Drawings a/c Dr – 3,000

To Bank a/c – 3,000

[Being the amount withdrawn

from bank for personal use
vide cheque no:___ dated:__]

21st – Cash a/c Dr – 10,000

To Bank a/c – 10,000

[Being the amount withdrawn

from bank for oace purpose
vide cheque no:___ dated:__]

22nd – Goods/stock a/c Dr – 25,000

To Cash a/c – 25,000

[Being the amount of cash

paid for stock purchases vide
voucher no:___ dated:__]

23rd – Bank a/c Dr – 30,000

To Cash a/c – 30,000

[Being the amount deposited

into bank vide voucher no:___
dated:__]

24th – Interest a/c Dr – 2,000

To Bank a/c – 2,000

[Being the amount of interest

paid vide cheque no:___
dated:__]

25th – Loan to Mr. Wind a/c Dr – 10,000

To Cash a/c – 10,000

[Being the amount of cash

given to Mr. Wind as loan vide
voucher no:___ dated:__]

26th – Loan from Strom a/c Dr – 15,000

To Cash a/c – 15,000

[Being the amount paid to Mr.

Storm for repayment of loan
vide voucher no:___ dated:__]

27th – Salary a/c Dr – 5,000

To Cash a/c – 5,000

[Being the amount paid for

salary to Mr. Liquid vide
voucher no:___ dated:__]

28th – Postage a/c Dr – 1,000

To Cash a/c – 1,000

[Being the amount paid for

purchase of postage vide
voucher no:___ dated:__]

29th – Bank a/c Dr – 3,000

To Loan to Mr. wind a/c – 3,000

[Being the Cheque no:___

date___ received from Mr.
Wind for repayment of loan]

30th – Cash a/c Dr – 2,000

To Equipment a/c – 2,000

[Being the amount received on

sale of equipment vide receipt
no:___ dated:__]

General Ledger
[Books of M/s Rama & Sons]

Dr Cash a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

10/10/_5 To Capital a/c – 1,50,000 11/10/_5 By Bank a/c – 50,000

17/10/_5 To Loan from Storm a/c – 25,000 12/10/_5 By Equipment a/c – 15,000
21/10/_5 To Bank a/c – 10,000 19/10/_5 By Wages a/c – 15,000
30/10/_5 To Equipment a/c – 2,000 22/10/_5 By Goods/stock a/c – 25,000
23/10/_5 By Bank a/c – 30,000
25/10/_5 By Loan to Mr. Wind a/c – 10,000
26/10/_5 By Loan from Strom a/c – 15,000
27/10/_5 By Salary a/c – 5,000
28/10/_5 By Postage a/c – 1,000
31/08/_5 By Balance c/d – 21,000

tl 1,87,000 tl 1,87,000

01/09/_5 To Balance b/d – 21,000

Dr Capital a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

31/08/_5 To Balance c/d – 1,50,000 10/10/_5 By Cash a/c – 1,50,000

tl 1,50,000 tl 1,50,000

01/09/_5 By Balance b/d – 1,50,000

Dr Bank a/c Cr

Date Particulars J/F Amount Date Particulars J/F Amount

11/10/_5 To Cash a/c – 50,000 13/10/_5 By Goods/stock a/c – 20,000

14/10/_5 To Goods/stock a/c – 15,000 16/10/_5 By Rent a/c – 5,000
Borrow Up to
18/10/_5 To Commission a/c – Now5,000 20/10/_5 By Drawings a/c
Apply – 3,000
$100k - Apply Now
23/10/_5 To Cash a/c
MPOWER Financing – 30,000 21/10/_5 By Cash a/c – 10,000
29/10/_5 To Loan to Mr. wind a/c – 3,000 24/10/_5 By Interest a/c – 2,000