I YEAR B.B.A., LL.

B – SEMESTER - I (2021-22)

2ND -INTERNAL ASSESSMENT

SUBJECT – BUSINESS ACCOUNTING

TOPIC - PRACTICAL WRITTEN ASSIGNMENT JOURNAL, LEDGER AND

TRIAL BALANCE

NAME: Arushi Sharma

DIVISION: C

PRN: 21010126272

COURSE: BBA LL.B. (H)

BATCH: 2021-2026

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 QUESTION 1 JOURNAL ENTRY
Date Particulars LF Debit ₹ Credit ₹

Dec 1 Cash A/c Dr 1,00,000

To Capital A/c 1,00,000
(Being business getting commenced with cash
brough in by Ravi)
Dec 4 Furniture A/c Dr 5,000
To Patil Furniture House A/c 5,000
(Being furniture bough from Patil Furniture
House)
Dec 5 Purchase A/c Dr 10,000
To Cash A/c 10,000
(Being goods purchased with cash)
Dec 8 Purchase A/c Dr 13,500
To Kranti & Co. A/c 13,500
(Being good purchased from Kranti & Co.
with 10% trade discount)
Dec 9 Bank A/c Dr 15,000
To Cash A/c 15,000
(Being bank account opened by depositing
cash)
Dec 10 Cash A/c Dr 20,000
To Sales A/c 20,000
(Being goods sold for cash)
Dec 10 Stationery A/c Dr 500
To P.K Mart A/c 500
(Being stationery purchased from P.K Mart)
Dec 11 Hakim Khan A/c Dr 13,000
To Sales A/c 13,000
(Being goods sold to Hakim Khan)
Dec 14 Sales Return A/c Dr 3,000
To Hakim Khan A/c 3,000
(Being goods returned by Hakim Khan)

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 Dec 15 Kranti & Co. A/c Dr 5,000
To Bank A/c 5,000
(Being payment made to Kranti & Co. by
cheque)
Dec 20 Purchase A/c Dr 10,000
To Khosla & Co. A/c 10,000
(Being goods purchased on credit from
Khosla & Co.)
Dec 25 Khosla & Co. A/c Dr 2,000
To Purchase return A/c 2,000
(Being goods returned to Khosla & Co.)
Dec 28 Electricity Bill A/c Dr 200
To Cash A/c 200
(Being electricity bill paid in cash)
Dec 29 Cash A/c Dr 10,000
To Sales A/c 10,000
(Being goods sold for cash)
Dec 30 Drawings A/c Dr 2,000
To Bank A/c 2,000
(Being cash withdrawn for personal use)
Total 2,09,200 2,09,200

QUESTION 1 LEDGER
Dr CASH A/C Cr

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 Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 1 To Capital A/c 1,00,000 Dec 5 By Purchase A/c 10,000

Dec 10 To Sales A/c 20,000 Dec 9 By Bank A/c 15,000
Dec 29 To Sales A/c 10,000 Dec 28 By electricity bill 200
A/c
Dec 31 By Balance c/d 1,04,800

1,30,000 1,30,000
Jan 1 By Balance c/d 1,04,800

Dr PURCHASE A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 5 To Cash A/c 10,000 Dec 31 To balance c/d 33,500

Dec 8 To Kranti & Co. 13,500
A/c
Dec 20 To Khosla A/c 10,000

33,500 33,500
Jan 1 To balance b/d 33,500

Dr CAPITAL A/C
Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To balance c/d 1,00,000 Dec 1 By Cash A/c 1,00,000

1,00,000 1,00,000
Jan 1 By balance b/d 1,00,000

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Dr PATIL FURNITURE HOUSE A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To balance c/d 5,000 Dec 4 By Furniture A/c 5,000

5,000 5,000
Jan 1 By balance b/d 5,000

Dr FURNITURE A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To Patil Furniture 5,000 Dec 31 By Balance c/d 5,000

House A/c

5,000 5,000
Jan 1 By balance b/d 5,000

Dr BANK A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 9 To Cash A/c 15,000 Dec 15 By Kranti & Co. 5,000

A/c
Dec 30 By Drawings A/c 2,000
Dec 31 By Balance c/d 8,000

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 15,000 15,000
Jan 1 To Balance b/d 8,000

Dr SALES A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To balance c/d 43,000 Dec 10 By Cash A/c 20,000

Dec 11 By Hakim Khan 13,000
A/c
Dec 29 By Cash A/c 10,000

43,000 43,000
Jan 1 By Balance b/d 43,000

Dr STATIONERY A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 10 To P.K Mart A/c 500 Dec 1 By Balance c/d 500

500 500
Jan 1 To Balance b/d 500

Dr P.K MART A/C Cr

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 Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To balance c/d 500 Dec 10 By Stationery 500

A/c

500 500
Jan 1 By balance b/d 500

HAKIM KHAN A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 11 To Sales A/c 13,000 Dec 14 By Sales Return 13,000

A/c
Dec 31 By Balance c/d 13,000

13,000 13,000
Jan 1 To Balance b/d 13,000

Dr SALES RETURN A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 12 To Hakim Khan 3,000 Dec 31 By Balance c/d 3,000

A/c

3,000 3,000
Jan 1 To Balance b/d 3,000

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Dr KRANTI & CO. A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 15 To Bank A/c 5,000 Dec 1 By Purchase A/c 13,500

Dec 31 To Balance c/d 8,500

13,500 13,500
Jan 1 By balance b/d 8,500

Dr KHOSLA & CO. A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 25 To Purchase 2,000 Dec 20 By Purchase A/c 20,000

Return A/c
Dec 31 To Balance c/d 8,000

10,000 10,000
Jan 1 By balance b/d 8,000

Dr PURCHASE RETURN A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 31 To balance c/d 2,000 Dec 25 By Khosla A/c 2,000

2,000 2,000
Jan 1 By balance b/d 2,000

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Dr ELECTRICITY BILL A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 29 To Cash A/c 200 Dec 31 By Balance c/d 200

200 200
Jan 1 To Balance b/d 200

Dr DRAWINGS A/C Cr

Date Particulars JF Amt ₹ Date Particulars JF Amt ₹

Dec 30 To Bank A/c 2,000 Dec 31 By Balance c/d 2,000

2,000 2,000
Jan 1 To Balance b/d 2,000

QUESTION 1 TRIAL BALANCE

S.NO. NAME OF THE ACCOUNT L.F DEBIT BALANCE ₹ CREDIT BALANCE ₹

1 Cash 1,04,800
2 Purchase 33,500
3 Capital 1,00,000
4 Patil Furniture House 5,000
5 Furniture 5,000
6 Bank 8,000
7 Sales 43,000
8 Stationery 500

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9 P.K Mart 500
10 Hakim Khan 10,000
11 Sales Return 3,000
12 Kranti & Co. 8,500
13 Khosla & Co. 8,000
14 Purchase Return 2,000
15 Electricity Bill 200
16 Drawings 2,000
Total 1,67,000 1,67,000

QUESTION 2 TRIAL BALANCE

IN THE BOOKS OF M/S APPLE
TRIAL BALANCE AS ON 30 JUNE 2020

S.NO. NAME OF THE ACCOUNT L.F DEBIT BALANCE ₹ CREDIT BALANCE ₹

1 Tax 15
2 Discount Received 50
3 Advertisement 35
4 Rent 100
5 Trade Expense 230
6 Drawings 1,500
7 Bank 1,000
8 Opening Stock 2,000
9 Purchase Return 4,000
10 Sales 10,750
11 Discount Allowed 100
12 Freight on Sales 200
13 Debtors 6,500
14 Land & Building 10,500
15 Goodwill 3,000

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16 Printing & Stationery 200
17 Creditors 3,000
18 Bank O/D 6,000
19 Investment 1,000
20 Bad debts 500
21 Freight on purchase 250
22 Capital 14,630
23 Purchase 12,000
24 Sales Return 3,450
25 Bills payable 1,550
26 Bills receivable 1,600
27 Insurance 100
28 Salaries & Wages 300
29 Loan 6,000
30 Provision for Bad debts 400
31 Patents 1,000
32 Interest received 100
33 Suspense 900
Total 46,480 46,480

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