Pere Journalising, Posting and Balancing 6.21 t esos nan: Cash Fs 60; Cash! EO 1 | Ase yon, Sock of goods: Fi 26400; Mohanvatta 4.Co, Fs 6,750. sr art & Co, Re 3880; am Sons, Rs 3.000. le vied a cheque om Mobanaaia& Coy te in Al to Dass & Co a ola fold goods fo Jal Chand & S0ns im Cariage paid. ps Sold goods to Gainda & Co. for cash sien »|5 Brought goods from Ram & Sons. on | Paid Merah & Co., by cheque in ful settement 3800 *|6 ought goods trom Chatajoe & Mukheree 6300 wr? Dass & Co return 100 ‘Traveling expenses paid to salesman 147 Goods sold for cash to Vijay 800 + | 10 | Paid for stationery .. 66 Postage stamps 15 «| 49 | Rewmed goods to Chatterjee & Mukheree (not being up 10 specifications) 100 Chatterjee & Mukherjee (lso admit claim for breakage of 100 "| 5 700 "| 16 50 "17 5,000 "119 1300 * | 20 | Choque recived from Jai Chand & Sos. 140 2 Bank advises Jal Chand & Sons, cheque retumed unpaid "| 28 | Sold goods to Alay for cash 200 ; 2,000 "|e 5850 7 ; 23 an “ 300 D 10 Pron paracrl ue cur of bank. ; 500 ma Pesci tm Mohr & Co, etc 0 Fe them; claim admitted :“20X1 Jan 1 ~ bate | 6.22 Accountancy for CA Professional Examinatiy | Solution: Journal Cash Ale Bank Alc o ‘Stock of Goods ‘Mohanratta & Co. Or, To Marathi & Co. To Ram & Sons To Pran's Capital Alc (Boing the balances of various assets & labiltios brought forward) Bank Alo me Discount Allowed Alc o To Mohanratta & Co. (Being a cheque received from Mohanratta & Co, & discount allowed) Dass & Co. m To Sales Ac (Being goods sold on crc [Jai Chand & Sons * To Sales Ac (Being goods sold on oredt) Ou We Dr. To Cash Ale (Being the carriage paid) ‘Cash Alc ” To Sales A’e ing goods sold for cash) Purchases A/c * To Ram Sons ing goods purchased on credit) Marathi & Co. To Bank Alc To Discount Ac ln ‘made to Marathi & Co. in ful setement & dscount received) rr Dr. To Chatterjee & Mukherjee (Geing goods purchased on rect) Retum inwards Alc To Dass & Co. F ds returned by Dass & Co) Traveling Expenses Alc ” To Cash Ac Le (Being the traveling expenses paid) 4 6.650 400 1400 1.440 3120 4,000 6300 100 147 474 310281 discount men Chatjoe & Mukherjee Journalising, Posting and Balancing 6.23 Cash Alc Or. To Sales Ac (Being goods sold for cash) Or, To Cash Ac (Being te sone purchased) Dr. me cash Ne (Being the postage stamps purchased) |(Geng the postage stamps PUCTESSS ————| (Chatterjee & Mukherjee Or. To Returns Outwards A’c ; beng goods retuned to Chater & thee) ’& Mukherjee Or. ‘To Ciaim for Breakage of Goods Alc {Geing our claim admitted by Chatterjee & Mukherjee) Furniture Ac To Bank Alc (Being funiture purchased) Drawings Ale To Purchases Alc (Being goods withdrawn for personal use) Mohanratta & Co. Dr. To Sales Alc (Being goods sold on credit) Bank Ate Or. To Dass & Co. (Being a cheque received from Dass & Co.) Pek a Dr. To Jai Chand & Sons (Being a cheque received from Jai Chand & Sons) Jai Chand & Sons Dr. To Bank Alc 2a he team ot a Chand & Sone Cash Ale ae To Sales Ate [ena goods sold forcashy | Bank Alc _ To Cash Ae Dr. Feemaem erent tio baw) | Te 5 Or fo Bank Ae i To Discount (Being payment Or. Or. 800 2,000 5,900 2,000 Mien (Conta)