Page 85 - DMGT104_FINANCIAL_ACCOUNTING

Date
Particulars
( )
( )

50,000
Jan. 1

50,000

(Commenced business with cash)

Jan. 3
25,000
Dr.

Bank A/c
25,000

To Cash A/c

(Cash paid in the Bank)
5,000
Dr.
Furniture A/c
Jan. 5

5,000

To Cash A/c
(Purchased furniture for cash)

Purchase A/c

15,000
Jan. 8
Dr.
15,000

To Bank A/c

(Purchased goods and paid by cheque)
500
Carriage A/c
Dr.

Jan. 8

500
To Cash A/c

(Cash paid for carriage charges)
2008 Cash A/c To Capital A/c Dr. L.F. Amount (Dr.) Amount (Cr.)
Jan. 14 Purchase A/c Dr. 35,000
To K. Murthy 35,000
(Goods purchased on credit)
Unit 5: Preparation of Journal, Ledger and Balancing
Jan. 18 Cash A/c Dr. 32,000
To Sales A/c 32,000
(Goods sold for cash)
Jan. 20 Ashok Dr. 28,000 Notes
To Sales A/c 28,000
(Goods sold to Ashok credit)
Jan. 25 K Murthy Dr. 35,000
To Cash A/c 34,200
To Discount A/c 800
(Cash paid to K. Murthy a discount allowed by
them)
Jan. 28 Cash A/c Dr. 20,000
To Ashok 20,000
(Cash received from Ashok on Account)
Jan. 31 Rent A/c Dr. 2,000
To Cash A/c 2,000
(Cash paid for rent)
Jan. 31 Drawings A/c Dr. 2,500
To Bank A/c 2,500
(Cash withdrawn from bank for domestic use)

Ledger
Cash A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2006 2006
Jan. 1 Capital A/c 50,000 Jan. 3 Bank A/c 25,000
Jan. 18 Sales A/c 32,000 Jan. 5 Furniture 5,000
Jan. 28 Ashok 20,000 Jan. 8 Carriage 500
Jan. 25 K. Murthi 34,200
Jan. 31 Rent A/c 2,000
Jan. 31 Balance c/d 35,300
1,02,000 1,02,000
Feb. 1 Balance b/d 35,300

Capital A/c
2006 ( ) 2006 ( )
Jan. 31 Balance c/d 50,000 Jan. 1 Cash A/c 50,000
Feb. 1 Balance b/d 50,000

Bank A/c
2006 ( ) 2006 ( )
Jan. 2 Cash A/c 25,000 Jan. 8 Purchases A/c 15,000
Jan. 31 Drawings A/c 2,500
Jan. 31 Balance c/d 7,500
25,000 25,000
Feb. 1 Balance b/d 7,500

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