Page 90 - DCOM101_FINANCIAL_ACCOUNTING_I

Financial Accounting-I

Notes Illustration 4: Enter the following transactions in sales Book and post the same in the relevant
ledger accounts.
2002 `
Aug. 15 Sold goods to Ajay 2,000
Aug. 18 Sold goods to Vijay 1,500

Aug. 22 Sold goods to Mohan 1,000
Solution:

Sales Book
Date Particulars L.F. Inward Details Amount
Invoice `
Number
2002
Aug. 15 Ajay 2,000
Aug. 18 Vijay 1,500
Aug. 22 Mohan 1,000
4,500

Ledger
Sales A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2002 2002
Aug. 31 By Sundries 4,500
Ajay’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2002 Aug. 15 To Sales A/c 2,000 2002
Vijay’s A/c

Dr. Cr.
Date Particulars ` Date Particulars `
2002 Aug. 18 To Sales A/c 1,500 2002
Mohan’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
2002 Aug. 22 To Sales A/c 1,000 2002
Illustration 5: Enter the following transactions in proper Subsidiary Books and post the same in
the relevant ledger accounts.

2003 `
Aug. 1 Bought goods from Raj 2,500
Aug. 2 Sold goods to Ravi 1,500
Aug. 5 Rohit sold goods to us 1,500

Aug. 8 Rakesh purchased goods from us 1,200
Aug. 11 Received goods returned by Ravi 150

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