Posting to the Ledger Solution

Question 1
In the Books of Jack
Dr Cash Account Cr
Date Details F Amount Date Details F Amount
2011 2011
Ordinary goods
1-Jan Capital 100000 5-Jan purchased 70000
12-
7-Jan Revenue 90000 Jan Telephone expenses 10000
9-Jan Commission Received 30000
Capital Account
1-Jan Cash 100000
Ordinary goods purchased
5-Jan Cash 70000
Revenue Account
7-Jan Cash 90000
Commission Received Account
9-Jan Cash 30000
Telephone Expenses Account
12-
Jan Cash 10000

Question 2
Date Account to be debited Account to be credited
2011 $ $
Sep Cash 120000 Capital 120000
1
3 Ordinary goods purchased 100000 Cash 100000
5 Cash 140000 Revenue 140000
7 Cash 10000 Commission Received 10000
9 Rent 20000 Cash 20000

Question 4
Date Account to be debited Account to be credited
2011 $ $
Aug Cash 400000 Capital 400000
1
3 Ordinary goods purchased 70000 Cash 70000
8 Cash 25000 Revenue 25000
12 Cash 45000 Revenue 45000
15 Ordinary goods purchased 50000 Cash 50000
17 Cash 1000 Commission received 1000
19 Cash 100000 Revenue 100000
21 Electricity bill 4000 Cash 4000
25 Rent 2000 Cash 2000
27 Cash 8000 Rent received 8000
30 Wages and salaries 12000 Cash 12000
In the books of Raj
Dr Cash Account Cr
Amoun
Date Details F t Date Details F Amount
2011 2011
 1-Aug Capital 400000 3-Aug Ordinary goods purchased 70000
8-Aug Revenue 25000 15-Aug Ordinary goods purchased 50000
12-
Aug Revenue 45000 21-Aug Electricity bill 4000
17-
Aug Commission received 1000 25-Aug Rent 2000
19-
Aug Revenue 100000 30-Aug Wages and salaries 12000
27-
Aug Rent received 8000
Capital Account
1-Aug Cash 400000
Ordinary goods purchased Account
3-Aug Cash 70000
15-
Aug Cash 50000
Revenue Account
8-Aug Cash 25000
12-Aug Cash 45000
19-Aug Cash 100000
Commission received Account
17-Aug Cash 1000
Electricity bill Account
21-
Aug Cash 4000
Rent Account
25-
Aug Cash 2000
Rent Received Account
27-Aug Cash 8000
Wages and salaries Account
30-
Aug Cash 12000

Question 6
Date Account to be debited Account to be credited
2011 $ $
June Cash 420000 Capital 420000
1
3 Ordinary goods purchased 20000 Cash 20000
4 Ordinary goods purchased 50000 Cash 50000
5 Ordinary goods purchased 20000 Cash 20000
8 Cash 65000 Revenue 65000
12 Cash 40000 Revenue 40000
15 Cash 90000 Revenue 90000
16 Cash 5000 Rent received 5000
17 Cash 10000 Commission received 10000
20 Cash 10000 Rent received 10000
22 Telephone bill 1800 Cash 1800
24 Electricity bill 3500 Cash 3500
28 Water bill 2100 Cash 2100
29 Salary 8000 Cash 8000
 In the books of Pinguin
Dr Cash Account Cr
Amoun
Date Details F t Date Details F Amount
2011 2011
1-Jun Capital 420000 3-Jun Ordinary goods purchased 20000
8-Jun Revenue 65000 4-Jun Ordinary goods purchased 50000
12-Jun Revenue 40000 5-Jun Ordinary goods purchased 20000
15-Jun Revenue 90000 22-Jun Telephone bill 1800
16-Jun Rent received 5000 24-Jun Electricity bill 3500
17-Jun Commission received 10000 28-Jun Water bill 2100
20-Jun Rent received 10000 29-Jun Salary 8000
Capital Account
1-Jun Cash 420000
Ordinary goods purchased Account
3-Jun Cash 20000
4-Jun Cash 50000
5-Jun Cash 20000
Revenue Account
8-Jun Cash 65000
12-Jun Cash 40000
15-Jun Cash 90000
Rent Received Account
16-Jun Cash 5000
20-Jun Cash 10000
Commission Received Account
17-Jun Cash 10000
Telephone bill Account
22-Jun Cash 1800
Electricity bill Account
24-Jun Cash 3500
Water bill Account
28-Jun Cash 2100
Salary Account
29-Jun Cash 8000

Question 7
2011
Jan 1 Jack Started business with $100 000 cash
Jan 2 Purchased goods $70 000 cash
Jan 3 Sold goods $120 000 cash
Jan 7 Rent received $10 000 cash
Jan 19 Paid electricity $15 000 cash

Question 10
In the books of Sanju
Dr Cash Account Cr
Date Details F Amount Date Details F Amount
2011 2011
1-Jun Capital 700000 9-Jun Ordinary goods purchased 300000
13- 19-
Jun Revenue 150000 Jun Electricity 20000
 17- 22-
Jun Revenue 450000 Jun Ordinary goods purchased 100000
24-
Jun Telephone 35000
Capital Account
1-Jun Cash 700000
Ordinary goods purchased
9-Jun Cash 300000
22-
Jun Cash 100000
Revenue Account
13-
Jun Cash 150000
17-
Jun Cash 450000
Electricity Account
19-
Jun Cash 20000
Telephone Account
24-
Jun Cash 35000