Page 123 - DMGT104_FINANCIAL_ACCOUNTING

Unit 7: Trial Balance

July 18 Trade expenses paid 100 Notes
July 19 Received cash from Shyam 590
allowed him discount 10
July 25 Wages paid 50
July 29 Krishan paid off in full settlement of his account 400
July 31 Rent paid 100

July 31 Interest due on Capital 500
Solution:
Capital A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2011 2011
July 31 To Balance c/d 10,500 July 1 By Cash 10,000
July 31 By Int. on capital 500
10,500 10,500
Aug 1 By Balance b/d 10,500

Cash A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2011 2011
July 1 To Capital A/c 10,000 July 3 By Bank A/c 8,000
July 10 To Bank A/c 1,000 July 3 By Purchases A/c 500
July 19 To Shyam 590 July 5 By Office furniture
A/c 400
July 18 By Trade Exp. A/c 100
July 25 By Wages A/c 50
July 29 By Krishan 400
July 31 By Rent A/c 100
July 31 Balance c/d 2040
11,590 11,590
Aug. 1 To Balance b/d 2,040

Bank A/c
Dr. Cr.
Date Particulars L.F. Amount Date Particulars L.F. Amount
( ) ( )
2011 2011
July 3 To Cash A/c 8,000 July 10 By Cash A/c 1,000
July 31 Balance c/d 7,000
8,000 8,000
Aug. 1 To Balance b/d 7,000

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