Journalise the following transactions, post them into ledger and balance the

accounts.Also prepare a trial balance.

Oct. 1 Manohar commenced business 1,00,000

2 Purchased goods from Ravi 10,000
4 Sold goods to Gopi 20,000
5 Cash purchases 20,000
6 Cash paid into bank 10,000
7 Paid for salaries 5,000
8 Sold for cash 20,000
9 Bought furniture paid by cheque 2,000
10 Goods returned to Ravi 2,000
12 Bought goods from Sobhan 10,000
14 Cash paid to Ravi 7,800
Discount received 200
16 Goods returned from Gopi 3,000
17 Deposited cash into bank 10,000
18 Sold goods to Bhuwan 12,000
19 Paid advertisement by cheque 1,000
20 Paid cash to Sobhan 5,000
22 Cash received from Gopi 6,900
Discount allowed to him 100
25 Received interest through cheque 2,000
28 Goods taken by Manohar for own use 1,000
31 Paid for rent 2,000

Amount Amount
Date Particulars
(Dr) (Cr)
Oct. Cash a/c Dr 1,00,000
1st To Capital a/c 1,00,000
[Being the amount of cash received from Mr. Manohar,
the proprietor as his capital contribution vide receipt
no:__ dated:__]
2nd Purchases a/c Dr 10,000
 Amount Amount
Date Particulars
(Dr) (Cr)
To Ravi a/c 10,000
[Being the value stock of goods purchased from Mr.
Ravi on credit vide bill no:__ dated:__]
4th Gopi a/c Dr 20,000
To Sales a/c 20,000
[Being the value of stock sold to MR. Gopi on credit vide
bill no:___ dated:__]
5th Purchases a/c Dr 20,000
To Cash a/c 20,000
[Being the value of stock purchased for cash vide bill
no:___ dated:__]
6th Bank a/c Dr 10,000
To Cash a/c 10,000
[Being the amount of cash deposited into bank vide bill
no:___ dated:__]
7th Salaries a/c Dr 5,000
To Cash a/c 5,000
[Being the amount of cash paid for salaries vide voucher
no:___ dated:__]
8th Cash a/c Dr 20,000
To Sales a/c 20,000
[Being the value of stock sold for cash vide bill no:___
dated:__]
9th Furniture a/c Dr 2,000
To Bank a/c 2,000
[Being the value of furniture purchased vide cheque
 Amount Amount
Date Particulars
(Dr) (Cr)
no:___ dated:__]
10th Ravi a/c Dr 2,000
To Purchase Returns a/c 2,000
[Being the value of stock returned to MR. Ravi vide
Debit note no:___ dated:__]
12th Purchases a/c Dr 10,000
To Shoban a/c 10,000
[Being the value stock of goods purchased from Mr.
Shoban vide bill no:___ dated:__]
14th Ravi a/c Dr 8,000
To Cash a/c 7,800
To Discount Received a/c 200
[Being the amount of cash paid to Mr. Ravi after
receiving a discount of 200 vide Vocher no:___
dated:__]
16th Sales Returns a/c Dr 3,000
To Gopi a/c 3,000
[Being the value of stock returned by Mr. Gopi vide
credit note no:___ dated:__]
17th Bank a/c Dr 10,000
To Cash a/c 10,000
[Being the amount of cash deposited into bank vide
voucher no:___ dated:__]
18th Bhuwan a/c Dr 12,000
To Sales a/c 12,000
[Being the value of stock sold to MR. Bhuwan on credit
vide bill no:___ dated:__]
 Amount Amount
Date Particulars
(Dr) (Cr)
19th Advertisement a/c Dr 1,000
To Bank a/c 1,000
[Being the amount paid for advertisement vide cheque
no:___ dated:__]
20th Shoban a/c Dr 5,000
To Cash a/c 5,000
[Being the amount paid to shoban vide voucher no:___
dated:__]
22nd Cash a/c Dr 6,900
Discount Allowed a/c Dr 100
To Gopi a/c 7,000
[Being the amount of cash received from Mr. Gopi after
allowing a discount of 100 vide receipt no:___ dated:__]
25th Bank a/c Dr 2,000
To Interest a/c 2,000
[Being the amount of cheque no:___ dated:__ received
as interest]
28th Drawings a/c Dr 1,000
To Purchases a/c 1,000
[Being the value of stock taken form the business for
domestic use vide bill no:___ dated:__]
31st Rent a/c Dr 2,000
To Cash a/c 2,000
[Being the amount of cash paid for rent vide voucher
no:___ dated:__]
General Ledger
[Books of Mr.Manohar]

Date Particulars Amount Date Particulars Amount

01/10/_5 To Capital a/c 1,00,000 05/10/_5 By Purchases a/c 20,000
08/10/_5 To Sales a/c 20,000 06/10/_5 By Bank a/c 10,000
22/10/_5 To Gopi a/c 6,900 07/10/_5 By Salaries a/c 5,000
14/10/_5 By Ravi a/c 7,800
17/10/_5 By Bank a/c 10,000
20/10/_5 By Shoban a/c 5,000
31/10/_5 By Rent a/c 2,000
31/10/_5 By Balance c/d 67,100
tl 1,26,900 tl 1,26,900
01/11/_5 To Balance b/d 67,100
Capital a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 1,00,000 01/10/_5 By Cash a/c – 1,00,000
tl 1,00,000 tl 1,00,000
01/11/_5 By Balance b/d – 1,00,000
Purchases a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
02/10/_5 To Ravi a/c – 10,000 28/10/_5 By Drawings a/c – 1,000
05/10/_5 To Cash a/c – 20,000 31/10/_5 By Balance c/d – 39,000
12/10/_5 To Shoban a/c – 10,000
tl 40,000 tl 40,000
01/11/_5 To Balance b/d – 39,000
Ravi a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
10/10/_5 To Purchase – 2,000 02/10/_5 By Purchases – 10,000
14/10/_5 Returns a/c – 7,800 a/c
14/10/_5 To Cash a/c – 200
To Discount
Received a/c
tl 10,000 tl 10,000

Gopi a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
04/10/_5 To Sales a/c – 20,000 16/10/_5 By Sales Returns – 3,000
22/10/_5 a/c – 6,900
22/10/_5 By Cash a/c – 100
31/10/_5 By Discount – 10,000
Allowed a/c
By Balance c/d
tl 20,000 tl 20,000
01/11/_5 To Balance – 10,000
b/d
Sales a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 52,000 04/10/_5 By Gopi a/c – 20,000
08/10/_5 By Cash a/c – 20,000
18/10/_5 By Bhuwan a/c – 12,000
tl 52,000 tl 52,000
01/11/_5 By Balance b/d – 52,000
Bank a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
06/10/_5 To Cash a/c – 10,000 09/10/_5 By Furniture a/c – 2,000
17/10/_5 To Cash a/c – 10,000 19/10/_5 By Advertisement – 1,000
25/10/_5 To Interest – 2,000 31/10/_5 a/c – 19,000
a/c By Balance c/d
tl 22,000 tl 22,000
01/11/_5 To Balance – 19,000
b/d
Salaries a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
07/10/_5 To Cash a/c – 5,000 31/10/_5 By Balance c/d – 5,000
tl 5,000 tl 5,000
01/11/_5 To Balance b/d – 5,000
Furniture a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
09/10/_5 To Bank a/c – 2,000 31/10/_5 By Balance c/d – 2,000
tl 2,000 tl 2,000
01/11/_5 To Balance b/d – 2,000
Purchase Returns a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 2,000 10/10/_5 By Ravi a/c – 2,000
tl 2,000 tl 2,000
Purchase Returns a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/_5 By Balance b/d – 2,000
Shoban a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
20/10/_5 To Cash a/c – 5,000 12/10/_5 By Purchases – 10,000
31/10/_5 To Balance – 5,000 a/c
c/d
tl 10,000 tl 10,000
01/11/_5 By Balance b/d – 5,000
Discount Received a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 200 14/10/_5 By Ravi a/c – 200
tl 200 tl 200
01/11/_5 By Balance b/d – 200
Sales Returns a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
16/10/_5 To Gopi a/c – 3,000 31/10/_5 By Balance c/d – 3,000
tl 3,000 tl 3,000
01/11/_5 To Balance b/d – 3,000
Bhuwan a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
Bhuwan a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
18/10/_5 To Sales a/c – 12,000 31/10/_5 By Balance c/d – 12,000
tl 12,000 tl 12,000
01/11/_5 To Balance b/d – 12,000
Advertisement a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
19/10/_5 To Bank a/c – 1,000 31/10/_5 By Balance c/d – 1,000
tl 1,000 tl 1,000
01/11/_5 To Balance b/d – 1,000
Discount Allowed a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
22/10/_5 To Gopi a/c – 100 31/10/_5 By Balance c/d – 100
tl 100 tl 100
01/11/_5 To Balance b/d – 100
Interest a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 2,000 25/10/_5 By Bank a/c – 2,000
tl 2,000 tl 2,000
01/11/_5 By Balance b/d – 2,000
Drawings a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
Drawings a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
28/10/_5 To Purchases – 1,000 31/10/_5 By Balance – 1,000
a/c c/d
tl 1,000 tl 1,000
01/11/_5 To Balance b/d – 1,000
Rent a/c
DrCr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Cash a/c – 2,000 31/10/_5 By Balance c/d – 2,000
tl 2,000 tl 2,000
01/11/_5 To Balance b/d – 2,000

Trial Balance
[Modern Method]

Trial Balance of Mr. Manohar as on 31/10/_5

Amount Amount
Particulars L/F
(Dr) (Cr)
Cash a/c – 67,100 –
Capital a/c – – 1,00,000
Purchases a/c – 39,000 –
Ravi a/c – – –
Gopi a/c – 10,000 –
Sales a/c – – 52,000
Bank a/c – 19,000 –
Salaries a/c – 5,000 –
Furniture a/c – 2,000 –
Purchase Returns a/c – – 2,000
Trial Balance of Mr. Manohar as on 31/10/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Shoban a/c – – 5,000
Discount Received a/c – – 200
Sales Returns a/c – 3,000 –
Bhuwan a/c – 12,000 –
Advertisement a/c – 1,000 –
Discount Allowed a/c – 100 –
Interest a/c – – 2,000
Drawings a/c – 1,000 –
Rent a/c – 2,000 –
Total 1,61,200 1,61,200
Problem - 2

Jounalise the following transactions and post them into the ledger. Also prepare a
trial balance.

Nov Venkat & Co. commenced business

1 with furniture 25,000,
Cash 75,000 and
goods 20,000
Sales 10,000
2 Purchases 8,000
3 Sold goods to Mahesh 12,000
5 Bought goods from Ramesh 7,000
6 Sold goods to Kesav for cash 6,000
9 Mahesh returned goods 6,000
10 Commission received 1,000
11 Returned goods to Ramesh 1,500
12 Cash deposited into bank 15,000
15 Bought goods from Suresh 12,000
16 Paid to Ramesh by cheque 4,000
17 Discount received 200
Withdrew from bank for domestic 3,000
19 use 9,000
21 Sold goods to Madhav 4,000
22 Cash received from Mahesh 100
Discount allowed 500
23 Stationery expenses 3,000
25 Cash paid to Suresh 5,000
26 Cash received from Madhav 10,000
28 Cash deposited into bank 3,000
30 Paid salaries by cheque

Journal in the books of M/s. Venkat & Co.

for the period from Nov. 1st, _5 to Nov. 31th, _5

V/R Amount Amount

Date Particulars L/F
No. (Dr) (Cr)

Oct. – Furniture a/c Dr – 25,000

1st Cash a/c Dr – 75,000
Purchases a/c Dr – 20,000
To Capital a/c – 1,20,000
[Being the amount of assets brought in
by M/s Venkat & Co. as their capital
contribution vide receipt no:___
dated:__]

2nd – Cash a/c Dr – 10,000

To Sales a/c – 10,000
[Being the value of stock sold for cash
vide bill no:___ dated:__]

3rd – Purchases a/c Dr – 8,000

To Cash a/c – 8,000
[Being the value of stock purchased for
cash vide bill no:___ dated:__]
5th – Mahesh a/c Dr – 12,000
To Sales a/c – 12,000
 [Being the value of stock sold to Mahesh
vide bill no:___ dated:___]

6th – Purchases a/c Dr – 7,000

To Ramesh a/c – 7,000
[Being the value of stock purchased to
Mr. Ramesh on credit vide bill no:___
dated:__]
9th – Cash a/c Dr – 6,000
To Sales a/c – 6,000
[Being the value of stock sold for cash to
Kesav vide voucher no:___ dated:__]

10th – Sales Returns a/c Dr – 6,000

To Mahesh a/c – 6,000
[Being the value of stock returned by
Mahesh vide credit note no:__ dated:__]

11th – Cash a/c Dr – 1,000

To Commission a/c – 1,000
[Being the amount of cash received as
commission vide receipt no:____
dated:____]
12th – Ramesh a/c Dr – 1,500
To Purchase Returns a/c – 1,500
[Being the value of stock returned to Mr.
Ramesh vide credit note no:__ dated:__]
15th – Bank a/c Dr – 1,500
To Cash a/c – 1,500
[Being the amount of cash deposited into
bank vide bill no:___ dated:____]

16th – Purchases a/c Dr – 12,000

 To Suresh a/c – 12,000
[Being the value of stock Purchased from
Mr. Suresh vide bill no:___ dated:__]
17th – Ramesh a/c Dr – 4,200
To Bank a/c – 4,000
To Discount Received a/c – 200
[Being the amount paid to Ramesh after
receiving a discount of 200vide cheque
no:___ dated:__]

19th – Drawings a/c Dr – 3,000

To Bank a/c – 3,000
[Being the amount of cash withdrawn
from bank for domestic use vide cheque
no:___ dated:__]

21th – Madhav a/c Dr – 9,000

To Sales a/c – 9,000
[Being the value of stock sold to Madhav
on credit vide bill no:___ dated:__]
22nd – Cash a/c Dr – 4,000
Discount Allowed a/c Dr – 100
To Mahesh a/c – 4,100
[Being the amount of cash received from
Mahesh after allowing a discount of 100
vide bill no:___ dated:__]
23rd – Stationery a/c Dr – 500
To Cash a/c – 500
[Being the amount of cash paid for
stationery expenses vide bill no:___
dated:__]
25th – Suresh a/c Dr – 3,000
To Cash a/c – 3,000
[Being the amount of cash paid to Mr.
Suresh vide bill no:___ dated:__]
26th – Cash a/c Dr – 5,000
To Madhav a/c – 5,000
[Being the amount of cash received from
Mr. Madhav vide bill no:___ dated:__]

28th – Bank a/c Dr – 10,000

To Cash a/c – 10,000
[Being the amount of cash deposited into
bank vide bill no:___ dated:____]

30th – Salaries a/c Dr – 3,000

To Bank a/c – 3,000
[Being the amount of cash paid for
salaries vide cheque no:___ dated:____]

General Ledger
[Books of M/s. Venkat & Co.]

Furniture a/c
DrCr

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

01/11/_5 To Capital a/c – 25,000 30/11/_5 By Balance c/d – 25,000

tl 25,000 tl 25,000
01/12/_5 To Balance b/d – 25,000
Cash a/c
DrCr

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

 Cash a/c
DrCr

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

01/11/_5 To Capital a/c – 75,000 03/11/_5 By Purchases – 8,000

02/11/_5 To Sales a/c – 10,000 15/11/_5 a/c – 1,500
09/11/_5 To Sales a/c – 6,000 23/11/_5 By Bank a/c – 500
11/11/_5 To Commission – 1,000 25/11/_5 By Stationery – 3,000
22/11/_5 a/c – 4,000 28/11/_5 a/c – 10,000
26/11/_5 To Mahesh a/c – 5,000 30/11/_5 By Suresh a/c – 78,000
To Madhav a/c By Bank a/c
By Balance
c/d
tl 1,01,000 tl 1,01,000
01/12/_5 To Balance b/d – 78,000
Purchases a/c
DrCr

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

01/11/_5 To Capital a/c – 20,000 30/11/_5 By Balance c/d – 47,000

03/11/_5 To Cash a/c – 8,000
06/11/_5 To Ramesh a/c – 7,000
16/11/_5 To Suresh a/c – 12,000
tl 47,000 tl 47,000
01/12/_5 To Balance b/d – 47,000
Capital a/c
DrCr

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

30/11/_5 To Balance – 1,20,000 01/11/_5 By Furniture a/c – 25,000

c/d 01/11/_5 By Cash a/c – 75,000
01/11/_5 By Purchases – 20,000
 Capital a/c
DrCr

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

a/c
tl 1,20,000 tl 1,20,000
01/12/_5 By Balance b/d – 1,20,000
Sales a/c
DrCr

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

30/11/_5 To Balance c/d – 37,000 02/11/_5 By Cash a/c – 10,000

05/11/_5 By Mahesh a/c – 12,000
09/11/_5 By Cash a/c – 6,000
21/11/_5 By Madhav a/c – 9,000

tl 37,000 tl 37,000
01/12/_5 By Balance b/d – 37,000
Mahesh a/c
DrCr

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

05/11/_5 To Sales a/c – 12,000 10/11/_5 By Sales Returns – 6,000

22/11/_5 a/c – 4,000
22/11/_5 By Cash a/c – 100
30/11/_5 By Discount Allowed – 1,900
a/c
By Balance c/d
tl 12,000 tl 12,000
01/12/_5 To Balance – 1,900
b/d
Ramesh a/c
DrCr
 Date Particulars J/F Amount Date Particulars J/F Amount

12/11/_5 To Purchase – 1,500 06/11/_5 By Purchases – 7,000

17/11/_5 Returns a/c – 4,000 a/c
17/11/_5 To Bank a/c – 200
30/11/_5 To Discount – 1,300
Received a/c
To Balance c/d
tl 7,000 tl 7,000
01/12/_5 By Balance – 1,300
b/d
Sales Returns a/c
DrCr

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

10/11/_5 To Mahesh a/c – 6,000 30/11/_5 By Balance c/d – 6,000

tl 6,000 tl 6,000
01/12/_5 To Balance b/d – 6,000
Commission a/c
DrCr

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

30/11/_5 To Balance c/d – 1,000 11/11/_5 By Cash a/c – 1,000

tl 1,000 tl 1,000
01/12/_5 By Balance b/d – 1,000
Purchase Returns a/c
DrCr

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

30/11/_5 To Balance c/d – 1,500 12/11/_5 By Ramesh a/c – 1,500

tl 1,500 tl 1,500
 Purchase Returns a/c
DrCr

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

01/12/_5 By Balance b/d – 1,500

Bank a/c
DrCr

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

15/11/_5 To Cash a/c – 1,500 17/11/_5 By Ramesh a/c – 4,000

28/11/_5 To Cash a/c – 10,000 19/11/_5 By Drawings a/c – 3,000
30/11/_5 By Salaries a/c – 3,000
30/11/_5 By Balance c/d – 1,500

tl 11,500 tl 11,500
01/12/_5 To Balance b/d – 1,500
Suresh a/c
DrCr

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

25/11/_5 To Cash a/c – 3,000 16/11/_5 By Purchases a/c – 12,000

30/11/_5 To Balance c/d – 9,000
tl 12,000 tl 12,000
01/12/_5 By Balance b/d – 9,000
Discount Received a/c
DrCr

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

30/11/_5 To Balance c/d – 200 17/11/_5 By Ramesh a/c – 200

tl 200 tl 200
01/12/_5 By Balance b/d – 200
Drawings a/c
DrCr
 Date Particulars J/F Amount Date Particulars J/F Amount

19/11/_5 To Bank a/c – 3,000 30/11/_5 By Balance c/d – 3,000

tl 3,000 tl 3,000
01/12/_5 To Balance b/d – 3,000
Madhav a/c
DrCr

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

21/11/_5 To Sales a/c – 9,000 26/11/_5 By Cash a/c – 5,000

30/11/_5 By Balance c/d – 4,000

tl 9,000 tl 9,000
01/12/_5 To Balance b/d – 4,000
Discount Allowed a/c
DrCr

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

22/11/_5 To Mahesh a/c – 100 30/11/_5 By Balance c/d – 100

tl 100 tl 100
01/12/_5 To Balance b/d – 100
Stationery a/c
DrCr

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

23/11/_5 To Cash a/c – 500 30/11/_5 By Balance c/d – 500

tl 500 tl 500
01/12/_5 To Balance b/d – 500
Salaries a/c
DrCr

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

30/11/_5 To Bank a/c – 3,000 30/11/_5 By Balance c/d – 3,000

 Salaries a/c
DrCr

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

tl 3,000 tl 3,000
01/12/_5 To Balance b/d – 3,000

Trial Balance
[Modern Method]

Trial Balance of M/s. Venkat & Co. as on 30/11/_5

Amount Amount
Particulars L/F
(Dr) (Cr)

Furniture a/c – 25,000 –

Cash a/c – 78,000 –
Purchases a/c – 47,000 –
Capital a/c – – 1,20,000
Sales a/c – – 37,000
Mahesh a/c – 1,900 –
Ramesh a/c – – 1,300
Sales Returns a/c – 6,000 –
Commission a/c – – 1,000
Purchase Returns a/c – – 1,500
Bank a/c – 1,500 –
Suresh a/c – – 9,000
Discount Received a/c – – 200
Drawings a/c – 3,000 –
Madhav a/c – 4,000 –
Discount Allowed a/c – 100 –
Stationery a/c – 500 –
Salaries a/c – 3,000 –
Total 1,70,000 1,70,000