Question No 1 Chapter No 9
On 1st April, 2018 Mohit, Delhi started business with a capital of Rs 50,000. He made the following transactions:
2018 | Rs. | |
April 03 | Purchased goods from Rita, Delhi on credit for | 20,000 |
April 04 | Cash paid to Rita | 10,000 |
April 06 | Goods sold to Rohit, Chandigarh | 25,000 |
April 08 | Received cash from Rohit | 20,000 |
April 12 | Goods purchased from Rita | 12,000 |
April 18 | Cash paid to Rita | 20,000 |
April 25 | Goods sold to Rohit, Chandigarh | 10,000 |
April 30 | Received cash from Rohit | 6,000 |
Solution of Question No 1 Chapter No 9: –
In the Books of Mohit, Delhi:
Date | Particulars |
L.F. | Debit | Credit | |
2018 | |||||
April 1 | Cash A/c | Dr. | 50,000 | ||
To Capital A/c | 50,000 | ||||
(Being Commenced business with cash.) | |||||
April 3 | Purchase A/c | Dr. | 20,000 | ||
To Rita A/c | 20,000 | ||||
(Being goods purchase from Rita ) | |||||
April 4 | Rita A/c | Dr. | 10,000 | ||
To Cash A/c | 10,000 | ||||
(Being cash paid to Rita.) | |||||
April 6 | Rohit A/c | Dr. | 25,000 | ||
To Sales A/c | 25,000 | ||||
(Being goods sold to the Rohit) | |||||
April 8 | Cash A/c | Dr. | 20,000 | ||
To Rohit A/c | 20,000 | ||||
(Being cash received from Rohit) | |||||
April 12 | Purchase A/c | Dr. | 12,000 | ||
To Rita A/c | 12,000 | ||||
(Being Goods purchased from Rita) | |||||
April 18 | Rita A/c | Dr. | 20,000 | ||
To Cash A/c | 20,000 | ||||
(Being cash paid to Rita) | |||||
April 25 | Rohit A/c | Dr. | 10,000 | ||
To Sale A/c | 10,000 | ||||
(Being goods sold to Rohit) | |||||
April 30 | Cash A/c | Dr. | 6,000 | ||
To Rohit A/c | 6,000 | ||||
(Being cash paid to Rohit) | |||||
To clear the meaning of Ledger and Ledger balancing Click below:
What is Ledger in accounting – explain its Types
Ledger balancing or Closing of ledger account | Ledger
Dr. | Cash A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 1 | To Capital A/c | 50,000 | Apr. 4 | By Rita A/c | 10,000 | ||
Apr. 8 | To Rohit A/c | 20,000 | Apr. 18 | By Rita A/c | 20,000 | ||
Apr. 30 | To Rohit A/c | 6,000 | Apr. 30 | By Balance C/d | 46,000 | ||
76,000 | 76,000 |
Dr. | Capital A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 1 | By Cash A/c | 50,000 | |||||
Apr. 30 | By Balance C/d | 50,000 | |||||
50,000 | 50,000 |
Dr. | Purchase A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 3 | To Rita A/c | 20,000 | |||||
Apr. 12 | To Rita A/c | 12,000 | |||||
Apr. 30 | By Balance C/d | 32,000 | |||||
32,000 | 32,000 |
Dr. | Sales A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 6 | By Rohit A/c | 25,000 | |||||
Apr. 25 | By Rohit A/c | 10,000 | |||||
Apr. 30 | By Balance C/d | 35,000 | |||||
35,000 | 35,000 |
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Dr. | Rita A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 4 | To Cash A/c | 10,000 | Apr. 3 | By Purchase A/c | 20,000 | ||
Apr. 18 | To Cash A/c |
20,000 | Apr. 12 | By Purchase A/c | 12,000 | ||
Apr. 30 | By Balance C/d | 2,000 | |||||
32,000 | 32,000 |
Dr. | Rohit A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 6 | To Sale A/c | 25,000 | Apr. 8 | By Cash A/c | 20,000 | ||
Apr. 25 | To Sale A/c |
10,000 | Apr. 30 | By Cash A/c | 6,000 | ||
Apr. 30 | By Balance C/d | 9,000 | |||||
35,000 | 35,000 |
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