Page 117 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 10: Trial Balance

Solution: Notes

Journal Entries
Particulars L.F Dr. Cr.
Cash A/c Dr. 8,000
To Capital A/c 8,000
[Started business]
Furniture A/c Dr. 1,000
To Cash A/c 1,000
[Purchased furniture]
Purchases A/c Dr. 6,000
To Cash A/c 6,000
[Purchased goods]
Cash A/c Dr. 7,000
To Sales A/c 7,000
[Sold goods for cash]
Purchases A/c Dr. 4,000
To Raj a A/c 4,000
[Purchased goods]
Somu A/c Dr. 5,000
To Sales A/c 5,000
[Sold goods on credit]
RajaA/c Dr. 2,500
To Cash A/c 2,500
[Paid cash]
Cash A/c Dr. 3,000
To Somu A/c 3,000
[Received from Somu]
Rent A/c Dr. 200
To Cash A/c 200
[Paid rent]
Cash A/c Dr. 100
To Commission received A/c 100
[Received commission]
Cash Account
` `
To Capital 8,000 By Furniture 1,000
To Sales 7,000 By Purchases 6,000
To Somu 3,000 By Raja 2,500
To Commission 100 By Rent 200
By Balance c/d 8,400
18,100 18,100
To Balance b/d 8,400
Capital Account

` `
To Balance c/d 8,000 By Cash 8,000
8,000 8,000
By Balance b/d 8,000

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