ACCOUNTS CIA 1.

TOPIC: Preparation of Journal, Ledger and Trial balance

Under the guidance of,

Mr. Sathish P

Prepared by,
Tanmay Jain - 2123250
Sakshi M S - 2123272
Zoya Raheel - 2123278
Harsh Jain - 2123279
ance
 Jornalize the following transactions:
Date Transactions Rs.
2021 Oct-01 Started business with cash Rs. 25,000
Oct-02 Buys tools on account from Harsh & Co Rs. 4,500
Oct-05 Receives cash for rendering services Rs. 2,600
Oct-08 Buys additional tools in cash Rs. 3,000
Oct-10 Purchase of a car for business purposes Rs. 25,000
Oct-12 Receives a bill from Zoya Ltd for an advertisement Rs. 150
Oct-17 Completes some plumbing services for Sakshi Rs. 3,400
Oct-18 Borrowed from Tanmay Rs. 5,000
Oct-22 Paid cash to Harsh & Co Rs. 3,000
Oct-25 Received cash from Sakshi on account Rs. 1,400
Oct-31 Paid wages to the assistant Rs. 700

Preparation of journal:
Date Transactions Ledger Folio
2021 Oct-01 cash A/C Dr.
To Capital A/C
(cash introduced as capital for business)

Oct-02 tools A/C Dr.

To Harsh & Co A/C
(tools purchased on credit)

Oct-05 cash A/C Dr.

To revenue from services A/C
(cash received for plumbing services)

Oct-08 tools A/C Dr.

To cash A/C
(tools purchased for cash)

Oct-10 car A/C Dr.

To cash A/C
(car purchased for cash)
Oct-12 advertisement A/C Dr.
To Zoya Ltd. A/C
(amount due for advertisment)

Oct-17 sakshi A/C Dr.

To revenue from services A/C
(amount due for plumbing services rendered)

Oct-18 cash A/C Dr.

To Tanmay (loan) A/C
(loan received)

Oct-22 Harsh & Co A/C Dr.

To cash A/C
(cash paid on account)

Oct-25 cash A/C Dr.

To Sakshi A/C
(cash received on account)

Oct-31 wages A/C Dr.

To cash A/C
(assistant's wages paid)

Total
Debit Credit
25,000
25,000

4,500
4,500

2,600
2,600

3,000
3,000

25,000
25,000
 150
150

3,400
3,400

5,000
5,000

3,000
3,000

1,400
1,400

700
700

73,750 73,750
Preparation of ledger:

Dr. Cash A/c

Date Particulars Amount Date
2021 Oct 1 To Capital A/c 25,000 2021 Oct 10
5 To Revenue from services A/c 2,600 15
18 To Tanmay (loan) A/c 5,000 22
25 To Sakshi A/c 1,400 31

total 34,000
To balance b/d 2,300

Dr. Car A/c

Date Particulars Amount Date
2021 Oct 10 To cash A/c 25,000

total 25,000
To balance b/d 25,000

Dr. Capital A/c

Date Particulars Amount Date
2021 Oct 1
To balance c/d 25,000

total 25,000

Dr. Tools A/c

Date Particulars Amount Date
2021 Oct 2 To Harsh & C.o A/c 4,500
8 To cash A/c 3,000

total 7,500
To balance b/d 7,500

Dr. Harsh & Co A/c

 Date Particulars Amount Date
2021 Oct 22 To cash A/c 3,000 2021 Oct 2
To balance c/d 1,500

total 4,500

Dr. Revenue from services A/c

Date Particulars Amount Date
2021 Oct 5
To balance c/d 6,000 17

total 6,000

Dr. Advertisement A/c

Date Particulars Amount Date
2021 Oct 12 To Zoya Ltd A/c 150

total 150
To balance b/d 150

Dr. Zoya Ltd A/c

Date Particulars Amount Date
2021 Oct 12
To balance c/d 150

total 150

Dr. Sakshi A/c

Date Particulars Amount Date
2021 Oct 17 To revenue from services A/c 3,400 2021 Oct 25
 total 3,400
To balance b/d 2,000

Dr. Tanmay - Loan A/c

Date Particulars Amount Date
2021 Oct 18
To balance c/d 5,000

total 5,000

Dr. Wages A/c

Date Particulars Amount Date
2021 Oct 31 To cash A/c 700

total 700
To balance b/d 700
 Cr.
Particulars Amount
By tools A/c 3,000
By car A/c 25,000
By Harsh & Co A/c 3,000
By wages A/c 700
By balance c/d 2,300
total 34,000

Cr.
Particulars Amount

By balance c/d 25,000

total 25,000

Cr.
Particulars Amount
By cash A/c 25,000

total 25,000
By balance b/d 25,000

Cr.
Particulars Amount
By balance c/d 7,500

total 7,500

Cr.
 Particulars Amount
By tools A/c 4,500

total 4,500
By balance b/d 1,500

Cr.
Particulars Amount
By cash A/c 2,600
By Sakshi A/c 3,400

total 6,000
By balance b/d 6,000

Cr.
Particulars Date

By balance c/d 150

total 150

Cr.
Particulars Amount
By advertisement A/c 150

total 150
By balance b/d 150

Cr.
Particulars Amount
By cash A/c 1,400
By balance c/d 2,000
total 3,400

Cr.
Particulars Amount
By cash A/c 5,000

total 5,000
By balance b/d 5,000

Cr.
Particulars Amount

By balance c/d 700

total 700
Preparation of trial balance:

Particulars Debit Credit

Cash A/c 2,300
Car A/c 25,000
Capital A/c 25,000
Tools A/c 7,500
Harsh & Co A/c 1,500
Revenue from services A/c 6,000
Advertisement A/c 150
Zoya Ltd A/c 150
Sakshi A/c 2,000
Tanmay (Loan) A/c 5,000
Wages A/c 700
Total 37,650 37,650