Page 95 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 8: Subsidiary Books

Sundar & Co’s A/c Notes
Dr. Cr.
Date Particulars ` Date Particulars `
1998 1 To Bills Payable 1,000 1998
Sept. A/c

Maduri & Co’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
1998 21 To Bills Payable 2,050 1998
Sept. A/c

Swami’s A/c
Dr. Cr.
Date Particulars ` Date Particulars `
1998 28 To Bills Payable 1,200 1998
Sept. A/c

Illustration 8 (Subsidiary Books): Record the following transactions into various Subsidiary
Books and Journal Proper of Mr. Shiv Kumar:
2008
January 1 Cash in hand `31,400, Cash at Bank `50,800 and Capital Account `82,200.
January 2 Bought goods for cash `8,200.

January 5 Purchased goods from Lalit Mohan & Co. for `11,600 less 10% trade discount.
January 7 Sold goods to Shobhit & Co. for `17,800 less 20% trade discount.
January 9 Withdrew `1,000 from bank for private use.
January 12 Sold goods to Karim for `12,800.

January 15 `10,000 paid to Lalit Mohan in full settlement of their claim.
January 18 Goods worth `800 returned by Karim.
January 20 Received `8,000 from Karim
January 21 Purchased goods from Krishna & Co. for `17,400.
January 23 `12,000 paid to Krishna & Co. by cheque, discount allowed `600.

January 24 Purchased furniture for `1,600 from Sardar Furniture House on credit.
January 26 Paid into bank `4,400.
January 28 Karim declared insolvent, a fi rst and final dividend of 50 paise in a rupee is received

from him.
January 29 Goods worth `1,200 returned to Krishna & Co.
January 31 Interest on capital provided ` 822.

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