Q.

3 Answer:

Journal Entries in the Book of Accounts for the FY 2022-2023

Date Particulars L.F. Amount (Rs.)

(2022) Debit Credit
16-04 Cash A/c ---dr. 1,00,000
To Capital A/c 1,00,000
(Started business with cash)
30-04 Machinery A/c ---dr. 25,000
To Cash A/c 25,000
(Purchases machinery in cash)
02-05 Cash A/c ---dr. 30,000
To Sales A/c 30,000
(Sold goods in cash)
30-05 Salary A/c --- dr. 20,000
To Cash A/c 20,000
(Paid salary to 500 employes)
05-06 Purchase A/c ------dr. 15,000
To Company H. Ltd 15,000
(Purchase goods from company H. Ltd)
12-06 Company H. Ltd -----dr. 3,000
To purchase return A/c 3,000
(Return goods to company H. Ltd)
 Ledger Accounts for the FY 2022-2023

Cash A/c
Dr. Cr.

Date Particulars L.F. Amount Date Particulars L Amount

(Rs.) .F (Rs.)
.
(2022-23) (2022-23)
01-04 To capital 1,00,000 30-04 By Machinery 25,000
13-04 To sales 30,000 30-05 By salary 20,000
31-03 1,30,000 To Bal c/d 85,000
1,30,000
(2023-24)
(2023-24)
01-04 To Bal b/d 85,000

Capital A/c
Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) To Bal c/d 1,00,000 23) By Cash 1,00,000
31-03 16-04

(2023- (2023-
24) 24) To Bal b/d 1,00,000
01-04
 Purchases A/c
Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) To Company H. Ltd 15,000 23) By Bal c/d 15,000
05-06 31-03

(2023- (2023-
24) To Bal b/d 15,000 24)
01-04

Sales A/c
Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) To Bal c/d 30,000 23) By Cash 30,000
31-03 02-03

(2023- (2023-
24) 24) To Bal b/d 30,000
01-04
 Company H. Ltd

Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) 23)
12-06 To Purchase returns 3,000 05-06 By Purchases 15,000
31-03 To Bal c/d 12,000
15,000
(2022- (2022-
23) 23)
01-04 By Bal b/d 12,000

Machinery A/c

Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) 23)
30-04 To cash 25,000 31-03 By Bal c/d 25,000
31-03

(2022- (2022-
23) 23)
01-04 To Bal b/d 25,000
 Salary A/c

Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) 23) By Bal c/d 20,000
30-03 To Cash 20,000 31-03

(2022- (2022-
23) 23)
01-04 To Bal b/d 20,000

Purchase return A/c

Dr. Cr.

Date Particulars L.F. Amount Date Particulars L.F. Amount

(Rs.) (Rs.)
(2022- (2022-
23) 23)
31-03 To Bal c/d 3,000 12-06 By Company 3,000
H. Ltd
(2022- (2022-
23) 23)
01-04 By Bal b/d 3,000
 TRIAL BALANCE as on 31-03-2023

Particulars L.F. Amount (in Rs.) Amount (in Rs.)

Debit Credit
Cash A/c 85,000 -
Capital A/c - 1,00,000
Purchases A/c 15,000 -
Sales A/c - 30,000
Company H. Ltd - 12,000
Machinery A/c 25,000 -
Salary A/c 20,000 -
Purchase return A/c - 3,000
Total 1,45,000 1,45,000