Accounts Journal Ledger Trial Balance Posting

Problem-1:
Oct 1st : Neel started the business with a capital of 80,000
3rd : Bought goods from Karl on credit 20,000
4th : Sold goods to Tarl 25,000
5th : Cash purchases 25,000
7th : Cash sales 15,000
9th : Goods retuned to Karl 2,000
10th : Bought furniture for 15,000
11th : Cash paid to Karl 12,000
12th : Goods returned by Tarl 3,000
14th : Goods taken by Neel for personal use 3,000
15th : Cash received from Tarl 12,000

16th : Took loan from Parl 30,000
17th : Salary paid 5,000
18th : Bought stationery for 1,000
19th : Amount paid to Parl on loan account 18,000
20th : Interest received 4,000
Solution
Journal in the books of Mr. Neel

for the period from Oct 1st, _5 to Oct 20th, _5
V/
L/ Amount Amount
Date R Particulars
F (Dr) (Cr)
No.
Oct – Cash a/c Dr – 80,000 80,000

1st –
To Capital a/c
V/
L/ Amount Amount
Date R Particulars
F (Dr) (Cr)
No.
[Being the amount received from Mr. Neel, the proprietor as his capital contribution vide
receipt no:___ dated:__]
Goods/stock a/c
To Karl a/c Dr
–
3rd – 20,000 20,000
–
[Being the value of stock purchased from Mr.Karl on credit vide bill no:___ dated:__]
Tarl a/c
To Goods/stock a/c Dr
–
4th – 25,000 25,000
–
[Being the value of stock sold to Mr.Tarl on credit vide bill no:___ dated:__]
Goods/stock a/c
To Cash a/c Dr
–
5th – 25,000 25,000
–
[Being the value of stock purchased for cash vide bill no:___ dated:__]
Cash a/c
–
7th – 15,000 15,000
–
[Being the value of stock sold for cash vide receipt no:___ dated:__]
V/
L/ Amount Amount
Date R Particulars
F (Dr) (Cr)
No.
Karl a/c
–
9th – 2,000 2,000
–
[Being the value of stock returned to Mr.Karl vide bill no:___ dated:__]
Furniture a/c
To Cash a/c Dr
–
10th – 15,000 15,000
–
[Being the value of furniture purchased for cash from M/s ___vide bill no:___ dated:__]
Karl a/c
To Cash a/c Dr
–
11th – 12,000 12,000
–
[Being the amount paid to Mr. Karl vide voucher no:___ dated:__]
Goods/stock a/c
To Tarl a/c Dr
–
12 th
– 3,000 3,000
–
[Being the value of stock returned by Mr.Tarl vide bill no:___ dated:__]
14th – Drawings a/c Dr – 3,000 3,000

V/
L/ Amount Amount
Date R Particulars
F (Dr) (Cr)
No.
To Goods/stock a/c
[Being the amount of stock taken by Neel for Personal use vide bill no:___ dated:__]
Cash a/c
To Tarl a/c Dr
–
15th – 12,000 12,000
–
[Being the amount received to Mr. Tarl vide voucher no:___ dated:__]
Cash a/c
To Loan from parl a/c Dr
–
16th – 30,000 30,000
–
[Being the cash received from Mr. Parl as loan vide receipt no:___ dated:__]
Salaries a/c
To Cash a/c Dr
–
17th – 5,000 5,000
–
[Being the amount paid for Salaries vide voucher no:___ dated:__]
18th – Stationery a/c Dr – 1,000 1,000

To Cash a/c –
V/
L/ Amount Amount
Date R Particulars
F (Dr) (Cr)
No.
[Being the value of Stationery purchased from M/s___ for cash vide bill no:___ dated:__]
Loan from parl a/c

To Cash a/c Dr
–
19 th
– 18,000 18,000
–
[Being the amount paid to Mr. Parl for repayment of loan vide voucher no:___ dated:__]
Cash a/c
To Interest a/c Dr
–
20th – 4,000 4,000
–
[Being the interest received in cash from M/s ____vide voucher no:___ dated:__]
[Books of Mr. Neel]
Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/10/_5 To Capital a/c – 80,000 05/10/_5 By Goods/stock a/c – 25,000

Cash a/c
Dr Cr
10/10/_5 By Furniture a/c – 15,000

07/10/_5 To Goods/stock a/c – 15,000 11/10/_5 By Karl a/c – 12,000
15/10/_5 To Tarl a/c – 12,000 17/10/_5 By Salaries a/c – 5,000
16/10/_5 To Loan from parl a/c – 30,000 18/10/_5 By Stationery a/c – 1,000
20/10/_5 To Interest a/c – 4,000 19/10/_5 By Loan from parl a/c – 18,000
31/10/_5 By Balance c/d – 65,000
Total 1,41,000 Total 1,41,000
01/11/_5 To Balance b/d – 65,000

Capital a/c
Dr Cr
31/10/_5 To Balance c/d – 80,000 01/10/_5 By Cash a/c – 80,000
Total 80,000 Total 80,000
01/11/_5 By Balance b/d – 80,000

Goods/stock a/c
Dr Cr
04/10/_5 By Tarl a/c – 25,000

03/10/_5 To Karl a/c – 20,000 07/10/_5 By Cash a/c – 15,000
05/10/_5 To Cash a/c – 25,000 09/10/_5 By Karl a/c – 2,000
12/10/_5 To Tarl a/c – 3,000 14/10/_5 By Drawings a/c – 3,000
31/10/_5 By Balance c/d – 3,000
01/11/_5 To Balance b/d – 3,000
Karl a/c
Dr Cr
09/10/_5 To Goods/stock a/c – 2,000 03/10/_5 By Goods/stock a/c – 20,000

Karl a/c
Dr Cr
11/10/_5 To Cash a/c – 12,000

31/10/_5 To Balance c/d – 6,000
01/11/_5 By Balance b/d – 6,000
Tarl a/c
Dr Cr
12/10/_5 By Goods/stock a/c – 3,000

04/10/_5 To Goods/stock a/c – 25,000 15/10/_5 By Cash a/c – 12,000
31/10/_5 By Balance c/d – 10,000
Tarl a/c
Dr Cr
01/11/_5 To Balance b/d – 10,000
Furniture a/c
Dr Cr
10/10/_5 To Cash a/c – 15,000 31/10/_5 By Balance c/d – 15,000

Furniture a/c
Dr Cr
01/11/_5 To Balance b/d – 15,000
Drawings a/c
Dr Cr
14/10/_5 To Goods/stock a/c – 3,000 31/10/_5 By Balance c/d – 3,000
01/11/_5 To Balance b/d – 3,000

Loan from parl a/c
Dr Cr
19/10/_5 To Cash a/c – 18,000

16/10/_5 By Cash a/c – 30,000
31/10/_5 To Balance c/d – 12,000
01/11/_5 By Balance b/d – 12,000
Salaries a/c
Dr Cr

Salaries a/c
Dr Cr
01/11/_5 To Balance b/d – 5,000
Stationery a/c
Dr Cr

Stationery a/c
Dr Cr
01/11/_5 To Balance b/d – 1,000
Interest a/c
Dr Cr
01/11/_5 By Balance b/d – 4,000
Trial Balance
Trial Balance of Mr. Neel as on 31/10/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Cash a/c – 65,000 –

Capital a/c – – 80,000
Goods/stock a/c – 3,000 –
Karl a/c – – 6,000
Tarl a/c – 10,000 –
Furniture a/c – 15,000 –
Drawings a/c – 3,000 –
Loan from parl a/c – – 12,000
Salaries a/c – 5,000 –
Stationery a/c – 1,000 –
Interest a/c – – 4,000
Total 1,02,000 1,02,000

Problem – 2
Enter the following transactions in the Journal and post them into the ledger and from the information obtained prepare a Trail Balance.
Nov 10th : Mrs. Roy started business with 60,000
11th : Bought furniture from Modern Furniture for 10,000
12th : Purchased goods for cash 15,000
13th : Purchased goods from B. Sen & Co for 30,000
14th : Opened a bank account by depositing 16,000
16th : Sold goods for cash 15,000
17th : Purchased stationery for 1000 from Bharat Stationery Mart
18th : Sold goods to Zahir Khan for 10,000

19th : Bought machinery for 6,000 and payment made by cheque
20th : Goods returned by Zahir Khan for 2,000
21st : Payment to B.Sen & Co by cheque 5,000
22nd : Withdrew from bank for personal use 3,000
23rd : Interest paid through cheque 2,000
24th : Withdrew from bank for office expenses 10,000
26th : Cheque received from Zahir Khan 5,000
27th : Paid electricity bill for 100
29th : Cash sales for 6,000
30th : Commission received by cheque 5,000

Solution
Journal in the books of Mrs. Roy

for the period from Nov 10th, _5 to Nov 30th, _5
V/R L/ Amount Amount

Date Particulars
No. F (Dr) (Cr)
Cash a/c
Nov Dr
– To Capital a/c
10th –
60,000 60,000
–
[Being the amount received from Mr. Roy, the proprietor as his capital contribution vide
receipt no:___ dated:__]
Furniture a/c
To Modern Furniture a/c Dr
–
11th – 10,000 10,000
–
[Being the furniture purchased for credit from M/S Modern Furniture vide bill no:___
dated:__]
12th – Purchases a/c Dr – 15,000 15,000


Date Particulars
No. F (Dr) (Cr)
To Cash a/c
[Being the value of goods purchased from M/s___ for cash vide bill no:___ dated:__]
Purchases a/c
To B.Sen & Co a/c Dr
–
13th – 30,000 30,000
–
[Being the value of goods purchased for credit from M/S B.Sen & Co vide bill no:___
dated:__]
Bank a/c
To Cash a/c Dr
–
14th – 16,000 16,000
–
[Being the cash deposited into bank while opening a bank a/c no:___ dated:__]
Bank a/c
To Sales a/c Dr
–
16th – 15,000 15,000
–
[Being the value of goods sold for cash vide receipt no:___ dated:__]
17th – Stationery a/c Dr – 1,000 1,000

To Bharat Stationery Mart a/c –

Date Particulars
No. F (Dr) (Cr)
[Being the value of stationery purchased on credit from M/S Bharat Stationery Mart vide
bill no:___ dated:__]
Zahir Khan a/c

To Sales a/c Dr
–
18 th
– 10,000 10,000
–
[Being the value of goods sold on credit vide invoice no:___ dated:__]
Machinery a/c
To Bank a/c Dr
–
19th – 6,000 6,000
–
[Being the value of machinery bought and payment made by cheque no:___ dated:__]
Sales Returns a/c

To Zahir Khan a/c Dr
–
20th – 2,000 2,000
–
[Being the value of goods returned by Zahir Khan vide return bill no:___ dated:__]
B. Sen & Co a/c

To Bank a/c Dr
–
21st – 5,000 5,000
–
[Being payment made by cheque vide cheque no:___ dated:__]
22nd – Drawings a/c Dr – 3,000 3,000


Date Particulars
No. F (Dr) (Cr)
To Bank a/c
[Being the amount withdraw from bank for personal use vide cheque no:___ dated:__]
Interest a/c
To Bank a/c Dr
–
23rd – 2,000 2,000
–
[Being the amount of interest paid vide cheque no:___ dated:__]
Office Expenses a/c

To Bank a/c Dr
–
24th – 10,000 10,000
–
[Being the amount withdraw from bank for office expenses vide cheque no : ___ and
voucher no:___ dated:__]
Bank a/c
To Zahir Khan a/c Dr
–
26th – 5,000 5,000
–
[Being cheque received from Zahir khan vide voucher no:___ dated:__]
27th – Electrical Bill a/c Dr – 100 100

To Cash a/c –

Date Particulars
No. F (Dr) (Cr)
[Being the amount paid towards electricity bill vide voucher no:___ dated:__]
Cash a/c
To Sales a/c Dr
–
29 th
– 6,000 6,000
–
[Being the value of sales made for cash vide receipt no:___ dated:__]
Bank a/c
To Commision Received a/c Dr
–
30 th
– 5,000 5,000
–
[Being the amount of commission received by cheque vide voucher no:___ dated:__]
General Ledger
[Books of Mrs. Roy]
Cash a/c
Dr Cr
10/11/_5 To Capital a/c – 60,000 12/11/_5 By Purchases a/c – 15,000

Cash a/c
Dr Cr
14/11/_5 By Bank a/c – 16,000

29/11/_5 To Sales a/c – 6,000 27/11/_5 By Electrical Bill a/c – 100
30/11/_5 By Balance c/d – 34,900
01/12/_5 To Balance b/d – 34,900
Capital a/c
Dr Cr

Capital a/c
Dr Cr
01/12/_5 By Balance b/d – 60,000
Furniture a/c
Dr Cr
11/11/_5 To Modern Furniture a/c – 10,000 30/11/_5 By Balance c/d – 10,000

Furniture a/c
Dr Cr
01/12/_5 To Balance b/d – 10,000
Modern Furniture a/c
Dr Cr
30/11/_5 To Balance c/d – 10,000 11/11/_5 By Furniture a/c – 10,000
01/12/_5 By Balance b/d – 10,000

Purchases a/c
Dr Cr
12/11/_5 To Cash a/c – 15,000

30/11/_5 By Balance c/d – 45,000
13/11/_5 To B.Sen & Co a/c – 30,000
01/12/_5 To Balance b/d – 45,000
B.Sen & Co a/c
Dr Cr
30/11/_5 To Balance c/d – 30,000 13/11/_5 By Purchases a/c – 30,000

B.Sen & Co a/c
Dr Cr
01/12/_5 By Balance b/d – 30,000
Bank a/c
Dr Cr
19/11/_5 By Machinery a/c – 6,000

14/11/_5 To Cash a/c – 16,000 21/11/_5 By B. Sen & Co a/c – 5,000
16/11/_5 To Sales a/c – 15,000 22/11/_5 By Drawings a/c – 3,000
26/11/_5 To Zahir Khan a/c – 5,000 23/11/_5 By Interest a/c – 2,000
30/11/_5 To Commision Received a/c – 5,000 24/11/_5 By Office Expenses a/c – 10,000
30/11/_5 By Balance c/d – 15,000
Bank a/c
Dr Cr
01/12/_5 To Balance b/d – 15,000
Sales a/c
Dr Cr
16/11/_5 By Bank a/c – 15,000

30/11/_5 To Balance c/d – 31,000 18/11/_5 By Zahir Khan a/c – 10,000
29/11/_5 By Cash a/c – 6,000

Sales a/c
Dr Cr
01/12/_5 By Balance b/d – 31,000
Stationery a/c
Dr Cr
17/11/_5 To Bharat Stationery Mart a/c – 1,000 30/11/_5 By Balance c/d – 1,000
01/12/_5 To Balance b/d – 1,000

Bharat Stationery Mart a/c
Dr Cr
30/11/_5 To Balance c/d – 1,000 17/11/_5 By Stationery a/c – 1,000
01/12/_5 By Balance b/d – 1,000
Zahir Khan a/c
Dr Cr
20/11/_5 By Sales Returns a/c – 2,000

18/11/_5 To Sales a/c – 10,000 26/11/_5 By Bank a/c – 5,000
30/11/_5 By Balance c/d – 3,000
Zahir Khan a/c
Dr Cr
01/12/_5 To Balance b/d – 3,000
Machinery a/c
Dr Cr
19/11/_5 To Bank a/c – 6,000 30/11/_5 By Balance c/d – 6,000

Machinery a/c
Dr Cr
01/12/_5 To Balance b/d – 6,000
Sales Returns a/c
Dr Cr
20/11/_5 To Zahir Khan a/c – 2,000 30/11/_5 By Balance c/d – 2,000
01/12/_5 To Balance b/d – 2,000

B. Sen & Co a/c
Dr Cr
01/12/_5 To Balance b/d – 5,000
Drawings a/c
Dr Cr

Drawings a/c
Dr Cr
01/12/_5 To Balance b/d – 3,000
Interest a/c
Dr Cr

Interest a/c
Dr Cr
01/12/_5 To Balance b/d – 2,000
Office Expenses a/c
Dr Cr
01/12/_5 To Balance b/d – 10,000

Electrical Bill a/c
Dr Cr
27/11/_5 To Cash a/c – 100 30/11/_5 By Balance c/d – 100
Total 100 Total 100
01/12/_5 To Balance b/d – 100
Commision Received a/c
Dr Cr
30/11/_5 To Balance c/d – 5,000 30/11/_5 By Bank a/c – 5,000

Commision Received a/c
Dr Cr
01/12/_5 By Balance b/d – 5,000
Trial Balance
Trial Balance of Mrs. Roy as on 30/11/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Cash a/c – 34,900 –

Capital a/c – – 60,000
Furniture a/c – 10,000 –
Modern Furniture a/c – – 10,000
Purchases a/c – 45,000 –
B.Sen & Co a/c – – 30,000
Bank a/c – 15,000 –
Sales a/c – – 31,000
Stationery a/c – 1,000 –
Bharat Stationery Mart a/c – – 1,000
Trial Balance of Mrs. Roy as on 30/11/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Zahir Khan a/c – 3,000 –

Machinery a/c – 6,000 –
Sales Returns a/c – 2,000 –
B. Sen & Co a/c – 5,000 –
Drawings a/c – 3,000 –
Interest a/c – 2,000 –
Office Expenses a/c – 10,000 –
Electrical Bill a/c – 100 –
Commision Received a/c – – 5,000
Total 1,37,000 1,37,000

Accounts Journal Ledger Trial Balance Posting

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Problem-1:

Oct 1st : Neel started the business with a capital of 80,000

3rd : Bought goods from Karl on credit 20,000

4th : Sold goods to Tarl 25,000

5th : Cash purchases 25,000

7th : Cash sales 15,000

9th : Goods retuned to Karl 2,000

10th : Bought furniture for 15,000

11th : Cash paid to Karl 12,000

12th : Goods returned by Tarl 3,000

14th : Goods taken by Neel for personal use 3,000

15th : Cash received from Tarl 12,000

17th : Salary paid 5,000

18th : Bought stationery for 1,000

19th : Amount paid to Parl on loan account 18,000

20th : Interest received 4,000

Journal in the books of Mr. Neel

Oct – Cash a/c Dr – 80,000 80,000

14th – Drawings a/c Dr – 3,000 3,000

18th – Stationery a/c Dr – 1,000 1,000

Loan from parl a/c

Date Particulars J/F Amount Date Particulars J/F Amount

01/10/_5 To Capital a/c – 80,000 05/10/_5 By Goods/stock a/c – 25,000

Date Particulars J/F Amount Date Particulars J/F Amount

10/10/_5 By Furniture a/c – 15,000

Total 1,41,000 Total 1,41,000

01/11/_5 To Balance b/d – 65,000

Date Particulars J/F Amount Date Particulars J/F Amount

31/10/_5 To Balance c/d – 80,000 01/10/_5 By Cash a/c – 80,000

Total 80,000 Total 80,000

01/11/_5 By Balance b/d – 80,000

Date Particulars J/F Amount Date Particulars J/F Amount

04/10/_5 By Tarl a/c – 25,000

Total 48,000 Total 48,000

01/11/_5 To Balance b/d – 3,000

Date Particulars J/F Amount Date Particulars J/F Amount

09/10/_5 To Goods/stock a/c – 2,000 03/10/_5 By Goods/stock a/c – 20,000

Date Particulars J/F Amount Date Particulars J/F Amount

11/10/_5 To Cash a/c – 12,000

Total 20,000 Total 20,000

01/11/_5 By Balance b/d – 6,000

Date Particulars J/F Amount Date Particulars J/F Amount

12/10/_5 By Goods/stock a/c – 3,000

Date Particulars J/F Amount Date Particulars J/F Amount

Total 25,000 Total 25,000

01/11/_5 To Balance b/d – 10,000

Date Particulars J/F Amount Date Particulars J/F Amount

10/10/_5 To Cash a/c – 15,000 31/10/_5 By Balance c/d – 15,000

Total 15,000 Total 15,000

Date Particulars J/F Amount Date Particulars J/F Amount

01/11/_5 To Balance b/d – 15,000

Date Particulars J/F Amount Date Particulars J/F Amount

14/10/_5 To Goods/stock a/c – 3,000 31/10/_5 By Balance c/d – 3,000

Total 3,000 Total 3,000

01/11/_5 To Balance b/d – 3,000

Date Particulars J/F Amount Date Particulars J/F Amount

19/10/_5 To Cash a/c – 18,000

Total 30,000 Total 30,000

01/11/_5 By Balance b/d – 12,000

Date Particulars J/F Amount Date Particulars J/F Amount

[Being payment made by cheque vide cheque no:_ dated:]

[Being the amount of interest paid vide cheque no:_ dated:]