Page 82 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes March 15 Ramautar Dr. 1,00,000
To Cash Account 1,00,000
(Being payment to Ramautar)
March 20 Shyam Dr. 20,000
To Sales Account 20,000
(Being goods sold on credit)
March 25 Cash Account Dr. 30,000
To Shyam 30,000
(Being receipts of cash)
March 31 Cash Account Dr. 2,50,000
To Sales Account 2,50,000
(Being goods sold in cash)
March 31 Wages Account Dr. 5,000
To Cash Account 5,000
(Being payment of wages)
Total 8,39,000 8,39,000

Ledger
Cash Account

Date Particulars L.F. Debit Date Particulars L.F. Credit
( ) ( )
2008 2008
March 25 To Shyam 30,000 March 10 By Rent A/c 2,000
March 31 To Sales A/c 2,50,000 March 11 By Plant A/c 1,00,000
March 12 By Salaries A/c 12,000
March 15 By Ramautar 1,00,000
March 31 By Wages 5,000
March 31 By Balance c/d 61,000
2,80,000 2,80,000
2008 To Balance b/d 61,000
April 1

Purchase Account

2008 ( ) 2008 ( )
March 1 To Ramautar 3,20,000 March 31 By Balance c/d 3,20,000
3,20,000 3,20,000
2008
April 1 To Balance b/d 3,20,000

Ramautar’s Account

2008 ( ) 2008 ( )
March 15 To Cash A/c 1,00,000 March 1 By Purchase A/c 3,20,000
March 31 To Balance c/d 2,20,000
3,20,000 3,20,000
April 1 To Balance b/d 2,20,000

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