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    Adobe Scan 04-Jun-2022

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    Harsh Kumar
    The document provides a sample of journal entries and ledger accounts for various transactions made by a business called Pran throughout January 20X1, including purchases and sales of goods, expenses paid, receipt and payments of cash and cheques. It lists debit and credit amounts for accounts like cash, capital, purchases, sales, expenses and outstanding balances from customers and suppliers to prepare a trial balance at the end of the month.

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    Adobe Scan 04-Jun-2022

    Uploaded by

    Harsh Kumar
    99 views2 pages
    The document provides a sample of journal entries and ledger accounts for various transactions made by a business called Pran throughout January 20X1, including purchases and sales of goods, expenses paid, receipt and payments of cash and cheques. It lists debit and credit amounts for accounts like cash, capital, purchases, sales, expenses and outstanding balances from customers and suppliers to prepare a trial balance at the end of the month.

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    Adobe Scan 04-Jun-2022 (2)

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    The document provides a sample of journal entries and ledger accounts for various transactions made by a business called Pran throughout January 20X1, including purchases and sales of goods, expenses paid, receipt and payments of cash and cheques. It lists debit and credit amounts for accounts like cash, capital, purchases, sales, expenses and outstanding balances from customers and suppliers to prepare a trial balance at the end of the month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    99 views2 pages

    Adobe Scan 04-Jun-2022

    Uploaded by

    Harsh Kumar
    The document provides a sample of journal entries and ledger accounts for various transactions made by a business called Pran throughout January 20X1, including purchases and sales of goods, expenses paid, receipt and payments of cash and cheques. It lists debit and credit amounts for accounts like cash, capital, purchases, sales, expenses and outstanding balances from customers and suppliers to prepare a trial balance at the end of the month.

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    © All Rights Reserved
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    of 2

    4.

    21
    Journalising, Posting and Balancing

    them to the
    llustration 10. Enter the following transactions in the Joumal of Pran, post
    Ledger and prepare a Trial Balance

    20X1
    Rs
    Jan. 1 Assets in hand: Cash Rs 630; Cash at Bank,
    Rs 23,100; Stock of goods; Rs 26,400; Mohanatta
    &Co., Rs 6,750.
    Liabilities: Marathi&Co., Rs 3,880; Ram Sons, Rs 3,000.
    2 Received a cheque from Mohanaratta & Co., in full
    settlement.******************************************************************************** 6,650
    3 Sold goods to Dass& Co.. ** *****************************************
    1,400
    4 Sold goods to Jai Chand& Sons. ************************************** ****
    1,440
    35
    Carriage paid.********************** *******************************************
    Sold goods to Gainda & Co., for cash.********************************* 3,120
    5 Brought goods from Ram &Sons. ***nsseme********************a** | 4,000
    Paid Marathi& Co., by cheque in full setlement.. e*ss*aneee
    3,800
    6 Bought goods from Chatterjee&Mukhejee .. 6,300
    Dass&Co return goods, not being up to standard. **** 100

    Travelling expenses paid to salesman. *enammann*****************


    147
    Goods sold for cash to Vijay .. **********s*oenasa**nermame*************| 800
    10 Paid for stationery ******************************************************************
    66
    Postage stamps *********************************************************** 15
    13 Returned goods to Chatterjee & Mukherjee (not being up to
    specifications) **************************************************************************** 300
    Chatterjee &Mukherjee (also admit claim for breakage of
    goods 100
    15 Paid for fumiture by cheque.. ***************************************** 700
    16 Goods used personally by proprietor. ****************************** 50
    7 Sold goods to Mohanratta &Co.....ssssasssse * ** **s ****** 5,000
    19 Dass& Co. pay by cheque.****************************************************. 1,300
    20 Cheque received from Jai Chand& Sons. ************************* 1,440
    22 Bank advises Jai Chand & Sons, cheque returned unpaid
    23 Sold goods to Ajay for cash *********************************** 800
    24 Cash deposited with bank. *********aeuBsaseas*********** *
    2,000
    27 Cheque sent to Chatterjee & Mukherjee
    (Discountallowed Rs. 50).*********************************************** "**** 5,850
    29 Paid telephone charges. ************************************* ************** 23
    31 Paid salaries. ***************************************************** *************** 600
    Paid rent. *****"*****************************************"*********** ***"***** *
    300
    Bank charges ************************************************************************ 10
    Drew for personal use out of bank. *****s******** *********** 500
    Received claim from Mohanratta & Co., for defects on goods
    supplied to them; claim admitted . ********************************** 150
    4.24 Financial Accounting

    (Contd)
    29 Telephone Charges Ac Dr 23
    To Cash Alc 23
    (Being telephone charges pad) 600
    31 Salaries Alc Dr.
    To Cash A/c 600
    (Being salaries paid)
    Dr. 300
    31 Rent A/c
    To Cash Ac 300
    (Being rent paid)
    Dr. 10
    31 Bank Charges Alc
    To Bank Alc 0

    (Being charges debited by bank)


    Dr. 500
    31 Drawings Alc
    To Bank Ac 500

    (Being cash withdrawn from bank for personal use)


    Dr 150
    31 Claim for Defected Goods Alc
    To Mohanratta &Co. 150
    (Being a dlaim for defects on goods admitted)
    Ledger of Pran
    Dr. Capital Account Cr
    Date Particulars Folio Rs Date Particulars Folio Rs
    20X1 1996
    Jan. To Balance cld 50,000 Jan. 1 By Balance b/f 50,000
    Feb. 1 By Balance b/d 50,000
    Dr. Cash Account Cr.
    Date Particulars Folio Rs Date Particulars Folio Rs
    20X1 X1
    Jan. To Balance bf 630 Jan. 4 By Carriage Out
    4 To Sales Alc 3,120 wards Alc 35
    7 To Sales Alc 800 By Travling
    23 To Sales Alc 800 Expenses Ac 147
    10 By Stationery Alc 66
    By Postage
    Stamps Alc 15
    24 By Bank Alc 2,000
    29 By Telephone
    Charges Alc 23
    31 By Salaries Alc
    600
    31 By Rent A/c 300
    31 By Balance cld
    2,164
    5,350
    Feb.1 To Balance b/d
    2,164
    5,350

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