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  • 1994

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    apoorvak87
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    Siya Ram started business with cash June 1 purchased goods for cash June 2 purchased goods from Subhash June 5 purchased furniture for cash June 7 Sold Goods to mahesh June 9 paid cash to Subhash June 12 received cash from Subhash. Paid Rent June 29 Paid Wages DATE 1994 June 1 PARTICULARS Cr. AMOUNT (Cash brought into the business by Siya Ram as proprietor)

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    Siya Ram started business with cash June 1 purchased goods for cash June 2 purchased goods from Subhash June 5 purchased furniture for cash June 7 Sold Goods to mahesh June 9 paid cash to Subhash June 12 received cash from Subhash. Paid Rent June 29 Paid Wages DATE 1994 June 1 PARTICULARS Cr. AMOUNT (Cash brought into the business by Siya Ram as proprietor)

    Copyright:

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    Download as DOCX, PDF, TXT or read online from Scribd
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    4 views4 pages

    1994

    Uploaded by

    apoorvak87
    Siya Ram started business with cash June 1 purchased goods for cash June 2 purchased goods from Subhash June 5 purchased furniture for cash June 7 Sold Goods to mahesh June 9 paid cash to Subhash June 12 received cash from Subhash. Paid Rent June 29 Paid Wages DATE 1994 June 1 PARTICULARS Cr. AMOUNT (Cash brought into the business by Siya Ram as proprietor)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    1994

    Rs.

    June 1

    Siya Ram started business with cash

    50,000

    June 2

    Purchased goods for cash

    20,000

    June 4

    Purchased goods from Subhash

    12,000

    June 5

    Purchased furniture for cash

    6,000

    June 7

    Sold goods for cash

    13,000

    June 9

    Sold goods to Mahesh

    15,000

    June 10

    Paid cash to Subhash

    8,000

    1994

    Rs.

    June 12

    Received cash from Mahesh

    10,000

    June 16

    Purchased goods from Ravi for Cash

    7,500

    June 17

    Purchased goods from Ravi

    5,000

    June 18

    Sold goods to Suresh for cash

    12,600

    June 19

    Sold Goods to Suresh

    7,000

    June 20

    Bought Machinery for Cash

    8,000

    June 24

    Withdrew cash from office for personal use

    2,500

    June 27

    Paid Rent

    400

    June 29

    Paid Wages

    450

    SOLUTION>>>

    DATE 1994 June 1

    PARTICULARS

    Dr. AMOUNT 50,000

    Cr. AMOUNT

    June 2

    June 4

    June 5

    June 7

    June 9

    June 10

    June 12

    June 16

    June 17

    June 18

    Cash A/C Dr. To Capital A/C (Cash brought into the business by Siya Ram as proprietor) Purchases A/C Dr. To Cash A/C (Goods purchased for cash) Purchases A/C Dr. To Subashs A/C (Goods purchased from Subhash) Purchases A/C Dr. To Cash A/C (Purchased furniture For cash) Cash A/C Dr. To Sales A/C (Goods were sold in cash) Mahesh A/C Dr. To Sales A/C (Goods were sold to mahesh) Subhash A/C Dr. To Cash A/C (Cash was paid to Subhash) Cash A/C Dr. To Mahesh A/C (Cash was received from Mahesh) Purchases A/C Dr. To Cash A/C (Goods were Purchased from Ravi in cash) Purchases A/C Dr. To Ravi A/C (Goods were purchased from Ravi ) Cash A/C Dr. To Suresh A/C (Goods were sold to Suresh in cash)

    50,000

    20,000 20,000 12,000 12,000 6,000 6,000 13,000 13,000 15,000 15,000 8,000 8,000 10,000 10,000 7,500 7,500 5,000 5,000 12,600 12,600

    June 19

    June 20

    June 24

    June 27

    June 29

    Suresh A/C To Sales A/C (Goods were sold to Suresh) Purchase A/C To Cash A/C (Machinery was bought in cash) Withdrawl A/C To Cash A/C (Withdrew cash for personal use) Rent A/C To Cash A/C (Paid Rent) Salary A/C To Cash A/C (Paid wages)

    Dr.

    7,000 7,000

    Dr.

    8,000 8,000

    Dr.

    2,500 2,500

    Dr.

    400 400

    Dr.

    450 450

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