Page 87 - DMGT104_FINANCIAL_ACCOUNTING

Unit 5: Preparation of Journal, Ledger and Balancing

Ashok A/c Notes
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2006 2006
Jan. 20 Sales A/c 28,000 Jan. 28 Cash 20,000
Jan. 31 Balance c/d 8,000
28,000 28,000
Feb. 1 Balance b/d 8,000

Rent A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2006 2006
Cash A/c 2,000 Profit & Loss A/c 2,000
2,000 2,000

Drawing A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2006 2006
Jan. 10 Bank 2,500 Jan. 31 Balance c/d 2,500
2,500 2,500
Feb. 1 Balance b/d 2,500

Task Following are the transactions of Dhani Ram and Sons for the month of July 2006.
Make journal entries, post them into ledger and balance the account.
2006 ( )
July 1 Commenced business with cash 60,000
July 2 Paid into bank 40,000

July 5 Purchased furniture for cash 5000
July 7 Purchased Goods and paid for them by cheque 20000
July 10 Sold Goods to Lata Gupta for cash 12000
July 12 Sold Goods to Mahavir on credit 24000
July 18 Purchased Goods from Harish 30000

July 19 Withdrew cash for domestic use 2500
July 20 Received a cheque from Mahavir on account 18900
Allowed him discount 100
Contd...

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