Record the following transactions in the Journal, post therefrom into the Ledger and take out a Trial

Balance.

Rs. July 1991 July 1 2. u 3. M 4. 5. M 6. Commence business with cash Bought goods for cash Bought goods of Yasin Ahmad Bought goods of Karim Sold goods to Salman Cash Sales Received cash from Salman Discount allowed Paid cash to Yasin Ahmad Discount received Returned goods to Karim Paid cash to Karim Purchased Furniture Purchased a Motor Lorry Bought goods of Karim Bought Office Stationery Purchased an iron safe and almirah Paid cash to Karim Gave away goods as charity Goods taken away by the proprietor for private use Personal expenses of the proprietor Paid Salaries Paid Rent for the month Paid motor repair charges 30,000 1,000 3,000 2,000 2,000 1,000 1,980 20 2,000 20 400 1,000 600 9,000 3,000 500 2,000 2,000 50 200 100 1.500 500 200

8. 9. 10. 12. 13. 15. 18. 20. 25. 26. 29. 30. 31. 31. 31.

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it

Mairaj Hasan

Q1 Mr. A has the following transactions in the month of April.

10th April : Commenced business with a capital of Rs. 100,000 11th April : Purchased goods from Vroom for Rs. 20,000 13th April : Purchased Goods for Cash Rs. 15,000 14th April : Purchased Goods from Ablow for cash Rs. 9,000 16th April : Bought Goods from Shook on credit Rs. 12,000 17th April : Sold goods worth Rs. 15,000 to Tar 19th April : Sold goods for cash Rs. 20,000 20th April : Sold goods to Umber for cash Rs. 6,000 21st April : Sold goods to Pose on credit Rs. 17,000 22nd April : Returned goods to Vroom Rs.3,000 23rd April : Goods returned from Tar Rs. 1,000 25th April : Goods taken by the proprietor for personal use Rs. 1,000 26th April : Bought Land for Rs. 50,000 27th April : Purchased machinery for cash Rs. 45,000 28th April : Bought computer from Intel Computers for Rs. 25,000 28th April : Cash sales Rs. 15,000 29th April : Cash purchases Rs. 22,000 30th April : Bought furniture for proprietor's residence and paid cash Rs. 10,000 Write Journal Entries for the transactions and post them to the required ledger accounts

Q2 Journalise the following transactions in the books of Rody & Sons and post them in appropriate ledger accounts 3rd May : Cash deposited into bank Rs. 60,000 4th May : Loan given to Bossy Rs. 20,000 4th May : Paid cash to Vroom Rs. 20,000 5th May : Paid to Vroom by cheque Rs. 15,000 5th May : Cash received from Taz Rs. 12,000 5th May : Took loan from Anum Rs. 15,000 6th May : Cheque received from Pascal Rs. 15,000 6th May : Paid to Intel Computers by cheque Rs. 17,000 6th May : Withdrew from bank Rs. 5,000 7th May : Withdrew from bank for office use Rs. 8,000 7th May : Cash received from Bossy on loan account Rs. 10,000 8th May : Withdrew from bank for personal use Rs. 1,000 8th May : Cash taken by proprietor for personal use Rs. 3,000 9th May : Bought furniture and paid by cheque Rs. 15,000 9th May : Paid to Anum by cheque on loan account Rs. 5,000 9th May : Brought additional capital in cash of Rs. 25,000

Mairaj Hasan

Q3 Write journal entries in the books of Chikky & Bros and post them to appropriate ledger accounts. 10th June : Paid wages Rs. 12,000 11th June : paid rent by cheque Rs. 10,000 13th June : Paid salary to Mr. Charm Rs. 12,000 14th June : Purchased stationery from Karen & Co. and paid by cheque Rs. 5,000 15th June : Received interest Rs. 14,000 17th June : Received commission by cheque Rs. 6,000 18th June : Rent received from Mr.Mody Rs. 8,000 19th June : Interest received from Mr.Basel by cheque Rs. 10,000 20th June : Carriage paid on purchase of goods Rs. 3,000 22nd June : Carriage paid on sale of goods Rs. 2,000

Mairaj Hasan