Question 14 Chapter 6 – Unimax Publications of Class 11

Date	Particulars		L.F.	Debit	Credit
2023
Jan.1	Cash A/c	Dr.		75,000
	Stock A/c	Dr.		15,000
	Furniture A/c	Dr.		7,500
	To Capital A/c				97,500
	(Being business started with cash, stock and furniture)
Jan.5	Cash A/c	Dr.		2,500
	Rajan’s A/c	Dr.		3,500
	To Sales A/c				6,000
	(Being goods sold to Rajan)
Jan.8	Cash A/c	Dr.		3,500
	To Rajan’s A/c				3,500
	(Being cash received from Rajan)
Jan.11	Purchases A/c	Dr.		16,800
	To Parkash’s A/c				16,800
	(Being goods purchases from Parkash)
Jan.15	Parkash’s A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being cash to Parkash)
Jan.18	Parkash’s A/cakesh A/c	Dr.		1,800
	To Purchase return A/c				1,800
	(Being goods returned to Parkash)
Jan.20	Office equipment A/c	Dr.		7,500
	To new typewriter Co. A/c				7,500
	(Being purchase typewrite on credit)
Jan.31	Stationery A/c	Dr.		1,000
	Salaries A/c			3,700
	To cash A/c			800	5,500
	(Being paid for stationery and rent)

LEDGER :

CASH ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan. 1	To Capital A/c	75,000	Jan.15	By Parkash’s A/c	10,000
Jan.5	To Sales A/c	2,500	Jan.31	By Stationery A/c	1,000
			Jan.31	By Rent A/c	800
			Jan.31	By Balance c/d	66,200
		81,700			81,700
Feb.1	To Balance b/d	66,200

CAPITAL ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.3 1	To Balance c/d	97,500	Jan.1	By Cash A/c	75,000
				By stock A/c	15,000
			Jan.1	By Furniture A/c	7,500
			Feb.1	By Balance b/d	97,500

PURCHASES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.11	To Parkash A/c	16,800	Jan.31	By Balance c/d	16,800
		16,800			16,800
Feb.1	To Balance b/d	16,800

BANK ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
April 1	To Cash A/c	50,000	April 15	By Machinery A/c	20,000
April 21	To Anil’s Loan A/c	8,000	April 15	By Input IGST A/C	2,400
			April 26	By Drawings A/C	5,000
			April 27	By Surya A/C	7,500
			April 30	By Balance c/d	23,100
		3,780			3,780
May 1	To Balance b/d	23,100

SALES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To Balance c/d	6,000	Jan.5	By Cash A/c	40,000
			Jan.5	By Rajan A/c	3,500
		6,000			6,000
			May 1	By Balance b/d	6,000

SURYA

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
April 1	To Cash A/c	20,000	April 7	By Purchase A/c	30,000
April 23	To Returns ONWARDS A/c	5,000	April 7	By Input IGST A/C	3,600
April 23	To Input IGST A/C	600
April 27	To Bank A/c	7,500
April 27	To Discount Received A/c	500
		33,600			33,600

 

FURNITURE A/C 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan. 1	To Capital A/c	7,500	Jan.31	By balance c/d	7,500
		7,500			7,500
Feb.1	To balance b/d	7,500

CAPITAL ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.3 1	To balance c/d	97,500	Jan.1	By cash A/c	75,000
				By stock A/c	15,000
				By Furniture A/c	7,500
		97,500			97,500
			Feb.1	To balance b/d	97,500

RAJAN ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.5	To sales A/c	3,500	Jan.8	By cash A/c	4,200
Jan.31	To balance c/d	700
		4,200			4,200
			Feb.1	To balance b/d	4,200

SALES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To balance c/d	6,000	Jan.5	By cash A/c	2,500
			Jan.5	By Rajan A/c	3,500
		6,000			6,000

PURCHASES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.11	To Parkash A/c	16,800	April 30	By Balance c/d	60,000
		60,000			60,000
May 1	To Balance b/d	60,000

PARKASH  A/C 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.15	To Cash A/c	50,000	Jan.11	By Purchases A/c	16,800
Jan.18	To Anil’s To purchases return A/c	1,800
Jan.31	To balance c/d	5,000
			Feb.1	By Balance c/d	16,800
		16,800			5,000

PURCHASES  RETURN  A/C 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.15	To balance c/d	1,800	Jan.18	By Parkash’s A/c	1,800
			Feb.1	By Balance c/d	1800
		1,800			1800

OFFICE EQUIPMENT A/C 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.20	To new typewriter Co. A/c	7,500
Feb.1	To balance b/d	7,500
			Jan.31	By Balance b/d	7,500

NEW TYPEWRITER CO.ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To balance c/d	7,500	Jan20	By office equipment A/c	30,000
			Feb.1	To balance b/d	7,500
		7,500			7,500

STATIONERY ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To cash A/c	1,000	Jan.31	By balance c/d	1,000
		1,000			1,000
Feb.1	To balance b/d	1,000

SALARIES ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To cash A/c	3,700	Jan.31	By balance c/d	3,700
		3,700			3,700
Feb.1	To balance b/d	3,700

 

RENT  ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Jan.31	To cash A/c	800	Jan.31	By balance c/d	800
		800			800
Feb.1	To balance b/d	800