Journalise the following transactions of Mr. Prahlad and post them in the ledger and balance the same (2019, February):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 1 | Prahlad invested cash in the business | 50,000 |
| 3 | Paid into Bank | 6,000 |
| 5 | Purchased Furniture for | 2,000 |
| 7 | Purchased goods for | 5,000 |
| 10 | Sold goods for | 10,000 |
| 15 | Withdrew cash from bank | 2,000 |
| 25 | Paid interest | 800 |
| 30 | Paid Salary | 8,000 |
Required: Journalise the transactions, post them in the ledger, and balance the accounts.
Journalize the following transactions in the books of Atma Ram (2019):
| Date (Jan) | Transaction | Amount (₹) |
|---|---|---|
| 01 | Started business with cash | 25,000 |
| 03 | Purchased computer | 5,000 |
| 06 | Purchased goods for cash | 6,000 |
| 07 | Purchased goods on credit from Mahesh | 8,000 |
| 10 | Purchased goods for and paid by cheque | 7,000 |
| 12 | Sold goods for cash | 10,000 |
| 15 | Goods sold for Rs.15,000 of which Rs.8,000 received in cash and by a cheque. | 7,000 |
Required: Journalize the transactions.
Journalize the following transactions (2019):
| Date (March) | Transaction | Amount (₹) |
|---|---|---|
| 01 | Mr Anthony Commenced business with cash Rs. 13,000 and stock Rs.7,000 | 20,000 total |
| 02 | Bought plant | 5,000 |
| 03 | Paid for postage | 500 |
| 05 | Paid for Sundry Expenses | 500 |
| 06 | Paid into bank | 10,000 |
| 07 | Paid salaries | 5,000 |
| 09 | Cash withdraw from bank for office use | 1,200 |
Required: Journalize the transactions.
Write journal entries in the books of Sudha (2019):
| Date (April) | Transaction | Amount (₹) |
|---|---|---|
| 01 | Started business with a capital of | 90,000 |
| 01 | Purchased goods from Tharun on credit | 20,000 |
| 02 | Sold goods to Sonu | 30,000 |
| 03 | Purchased goods from Ragav for cash | 25,000 |
| 04 | Sold goods to Toni for cash | 16,000 |
| 05 | Goods retuned to Tharun | 5,000 |
| 06 | Bought furniture for cash | 15,000 |
| 18 | Sold goods to Sudip | 12,500 |
| 19 | Goods returned by Sudip | 2,000 |
| 25 | Cash received from Sudip | 5,500 |
| 28 | Goods taken by Sudha for domestic use | 3,000 |
Required: Write journal entries.
Prepare Pavan account from the following (2018, March):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 1 | Goods purchased from Pavan | 38,000 |
| 6 | Cash paid to Pavan | 5,000 |
| 10 | Goods returned to Pavan | 1,500 |
| 14 | Paid to Pavan by Cheque | 6,800 |
| 20 | Discount allowed by Pavan | 500 |
| 26 | Goods purchased from Pavan for Cash | 2,500 |
| 28 | Furniture purchased from Pavan | 8,000 |
Required: Prepare Pavan's Account.
Prepare Sudha account from the following (2018, February):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 1 | Amount due from Sudha | 8,000 |
| 4 | Goods sold to Sudha | 11,000 |
| 12 | Goods returned by Sudha | 4,000 |
| 16 | Cash received from Sudha | 3,000 |
| 22 | Received cheque from Sudha | 6,000 |
| 28 | Sudha account settled with 10% discount | (To be calculated) |
Required: Prepare Sudha's Account.
Prepare Swami's account from the following (2018, January):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 2 | Amount due to Swami | 12,000 |
| 8 | Goods purchased from Swami | 16,000 |
| 15 | Goods returned to Swami | 5,000 |
| 20 | Cash paid to Swami | 16,000 |
| 24 | Goods purchased from Swami | 9,000 |
| 30 | Swami's account is settled by cheque with 10% discount | (To be calculated) |
Required: Prepare Swami's Account.
Prepare Machinery account from the following (2018, March):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 1 | Purchased machinery from Vikram & co | 42,000 |
| 6 | Machinery purchased from Virat | 16,000 |
| 12 | Machinery costing Rs. 8,000 sold for | 5,000 |
| 16 | Depreciation provided on Machinery | 3,000 |
| 22 | Goods purchased from Swami | 9,000 |
| 30 | Purchase of machinery for cash | 8,000 |
Required: Prepare the Machinery Account.
Prepare the Ledger accounts from the following particulars in the Books of Rani (2018, June):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 1 | Received cash from Shiva | 75,000 |
| 4 | Bought goods for cash | 40,000 |
| 6 | Sold to Suresh | 40,000 |
| 12 | Bought goods from Praveen | 50,000 |
| 16 | Sold goods to Ganesh | 35,000 |
| 20 | Withdrew cash for personal use | 20,000 |
| 26 | Received commission | 2,000 |
| 30 | Paid rent | 5,000 |
| 31 | Paid salary | 10,000 |
Required: Prepare the Ledger Accounts.
From the following information prepare Praveen's Account as on 31-03-2014 (2018, March):
| Date | Transaction | Amount (₹) |
|---|---|---|
| 7 | Balance due from Praveen | 3,500 |
| 7 | Sold goods to Praveen | 1,500 |
| 10 | Purchased goods from Praveen | 1,000 |
| 15 | Paid cash to Praveen | 800 |
| 23 | Received cash from Praveen | 500 |
| 25 | Returned goods to Praveen | 200 |
| Praveen settled account with 10% discount | (To be calculated) |
Required: Prepare Praveen's Account.