4.

21
Journalising, Posting and Balancing

them to the
llustration 10. Enter the following transactions in the Joumal of Pran, post
Ledger and prepare a Trial Balance

20X1
Rs
Jan. 1 Assets in hand: Cash Rs 630; Cash at Bank,
Rs 23,100; Stock of goods; Rs 26,400; Mohanatta
&Co., Rs 6,750.
Liabilities: Marathi&Co., Rs 3,880; Ram Sons, Rs 3,000.
2 Received a cheque from Mohanaratta & Co., in full
settlement.******************************************************************************** 6,650
3 Sold goods to Dass& Co.. ** *****************************************
1,400
4 Sold goods to Jai Chand& Sons. ************************************** ****
1,440
35
Carriage paid.********************** *******************************************
Sold goods to Gainda & Co., for cash.********************************* 3,120
5 Brought goods from Ram &Sons. ***nsseme********************a** | 4,000
Paid Marathi& Co., by cheque in full setlement.. e*ss*aneee
3,800
6 Bought goods from Chatterjee&Mukhejee .. 6,300
Dass&Co return goods, not being up to standard. **** 100

Travelling expenses paid to salesman. *enammann*****************

147
Goods sold for cash to Vijay .. **********s*oenasa**nermame*************| 800
10 Paid for stationery ******************************************************************
66
Postage stamps *********************************************************** 15
13 Returned goods to Chatterjee & Mukherjee (not being up to
specifications) **************************************************************************** 300
Chatterjee &Mukherjee (also admit claim for breakage of
goods 100
15 Paid for fumiture by cheque.. ***************************************** 700
16 Goods used personally by proprietor. ****************************** 50
7 Sold goods to Mohanratta &Co.....ssssasssse * ** **s ****** 5,000
19 Dass& Co. pay by cheque.****************************************************. 1,300
20 Cheque received from Jai Chand& Sons. ************************* 1,440
22 Bank advises Jai Chand & Sons, cheque returned unpaid
23 Sold goods to Ajay for cash *********************************** 800
24 Cash deposited with bank. *********aeuBsaseas*********** *
2,000
27 Cheque sent to Chatterjee & Mukherjee
(Discountallowed Rs. 50).*********************************************** "**** 5,850
29 Paid telephone charges. ************************************* ************** 23
31 Paid salaries. ***************************************************** *************** 600
Paid rent. *****"*****************************************"*********** ***"***** *
300
Bank charges ************************************************************************ 10
Drew for personal use out of bank. *****s******** *********** 500
Received claim from Mohanratta & Co., for defects on goods
supplied to them; claim admitted . ********************************** 150
4.24 Financial Accounting

(Contd)
29 Telephone Charges Ac Dr 23
To Cash Alc 23
(Being telephone charges pad) 600
31 Salaries Alc Dr.
To Cash A/c 600
(Being salaries paid)
Dr. 300
31 Rent A/c
To Cash Ac 300
(Being rent paid)
Dr. 10
31 Bank Charges Alc
To Bank Alc 0

(Being charges debited by bank)

Dr. 500
31 Drawings Alc
To Bank Ac 500

(Being cash withdrawn from bank for personal use)

Dr 150
31 Claim for Defected Goods Alc
To Mohanratta &Co. 150
(Being a dlaim for defects on goods admitted)
Ledger of Pran
Dr. Capital Account Cr
Date Particulars Folio Rs Date Particulars Folio Rs
20X1 1996
Jan. To Balance cld 50,000 Jan. 1 By Balance b/f 50,000
Feb. 1 By Balance b/d 50,000
Dr. Cash Account Cr.
Date Particulars Folio Rs Date Particulars Folio Rs
20X1 X1
Jan. To Balance bf 630 Jan. 4 By Carriage Out
4 To Sales Alc 3,120 wards Alc 35
7 To Sales Alc 800 By Travling
23 To Sales Alc 800 Expenses Ac 147
10 By Stationery Alc 66
By Postage
Stamps Alc 15
24 By Bank Alc 2,000
29 By Telephone
Charges Alc 23
31 By Salaries Alc
600
31 By Rent A/c 300
31 By Balance cld
2,164
5,350
Feb.1 To Balance b/d
2,164
5,350