Question: 1

Journalize the following transactions and make the ledgers & trial balance:
2008
Jan
1
Started business with cash
80000
1
Paid into bank
5000
2
Bought stationery for cash
50
3
Bought goods for cash
2100
4
Bought postage stamps
30
5
Sold goods for cash
750
6
Bought office furniture from Bannerjee Bros.
500
11
Sold goods to Mahendra
2000
12
Received cheque from Mahendra
2000
14
Paid Bannerjee Bros. By cheque
500
16
Sold to Ramesh and co.
500
20
Bought goods from S.seth and Bros.
700
20
Bought goods for cash from S.Narain and co.
225
21
Sold goods to P.Prakash
350
26
Ramesh and co. paid on account
250
28
Paid S.Seth and Bros. By cheque in
full settlement
685
29
Paid salaries
2400
31
Rent to due to S.Sharma but not yet paid
200
Question:2
From the following extract what are the aspects, Type of accounts, and Effect of
accounts
2008
Apr
1
Ramesh started business with cash
10000
2 Paid into bank 7000
3 Bought goods for cash 5000
4 Drew cash from bank for office use 2000
5 Sold to Krishna goods on credit
1000
13
Bought of shyam goods on credit
500
14
Received from Krishna
950
22
Paid Shyam cash 480 and discount 20
24
Cash sales for the month 2500
28
Paid rent
3500
30
Paid salary 2000
Question: 3
Enter the following transactions in a Double-Column Cash Book.
2008
Jan
1
Chandrika commences business with cash
20000
1
He paid into bank current a/c
19000
2
He receives cheque from Kirti & Co.
on account
600
7
He pays into Bank Kirti & Co.s cheque
600
10
He pays Ratan & Co. by cheque and
330
allowed discount Rs.20
9
Tripathi & co. pays into his Bank A/c
475
15
He receives cheque from Warsi and allows
450
him discount
35
20
He receives cash Rs.75 and cheque Rs.100 for cash sales
21
He pays into Bank, including cheques received
on 15th and 20th Jan
1000

27
30
27
22
31
31
31
31
31
31
23
28
31

He pays cheque for cash purchases

He pays sundry expenses in cash
He pays John & co. in cash and
allowed discount Rs.35
He pays office rent by cheque
He draws a cheque for personal use
He pays staff salaries by cheque
He draw a cheque for office use
He pays cash for stationery
He purchases goods for cash
He pays Jagpal by cheque for commission
He gives cheque to Ram Saran for cash
purchase of furniture for Office
He receives cheque for commission from
Raghubir & Co.
He receives cheque from kesri & Co.

275
50
375
200
250
300
400
25
125
300
1575
500
450