Prob -1

1. Shankar Jadhav started business with cash Rs. 250,000.

2. Purchase goods for cash Rs. 15,000.
3. Sold good to Neelam joshi Rs. 5,000.
4. Purchase furniture for cash Rs. 30,000.
5. Bought goods from Meetali Rs. 45,000.
6. Received from Neelam joshi account Rs. 3,000.
7. Goods bought from chetan Rs. 10,000.
8. Sold goods to Jitendra Rs. 8,000.
9. Paid to Meetali Rs. 25,000.
10. Sold goods for cash Rs. 12,000.
11. Paid rent of shop Rs. 17,000.

Tally = 2,80000

Solution:
Sr no Name of Types of Account Dr/Cr Reasons
Account
1. Cash Real A/c Dr Cash comes in

Capital Personal A/c Cr Prop writer is giver

2. Purchase Nominal A/c Dr Purchase is an expenses

Cash Real A/c Cr Cash Going out

3. Neelam joshi Personal A/c Dr Neelam joshi is receiver

Sales Nominal A/c Cr Sales is an Income

4. Furniture Real A/c Dr Furniture comes in

Cash Real A/c Cr Cash Going out

5. Purchase Nominal A/c Dr Purchase is an expenses

 Meetali Personal A/c Cr Meetali is reciver

6. Cash Real A/c Dr Cash Comes In

Neelam joshi Personal A/c Cr Neelam joshi is giver

7. Purchase Nominal A/c Dr Purchase is an expenses

Chetan Personal A/c Cr Chetan is giver

8. Jitendra Personal A/c Dr Jitendra is receiver

Sales Nominal A/c Cr Sales is an Income

9. Meetali Personal A/c Dr Meetali is receiver

Cash Real A/c Cr Cash Going out

10. Cash Real A/c Dr Cash Comes In

Sales Nominal A/c Cr Sales is an Income

11. Rent Nominal A/c Dr Rent is Expenses

Cash Real A/c Cr Cash Going out

 Ledger Creation

Capital A/c Capital A/c

Purchase A/c Purchase
Sales A/c Sales
Neelam Joshi A/c Sundry Debtors
Chetan A/c Sundry Creditor
Furniture A/c Fixed Assets
Jitendra A/c Sundry Debtors
Bank A/c bank
Meetali A/c Sundry Creditor
Rent A/c Indirect expenses