Practical Problem 01

Give Journal entries of the following posting from the ledger account.
In the books of Sopan
Dr Cash Account Cr
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Feb-01	To balance b/d		8,000	Feb. 5	By Telephone		750
3	To Sales A/c		700		Charges A/c
6	To Interest A/c		600	9	By Purchases A/c		800
8	To Jayashree’s A/c		1,500	28	By Balance c/d		9,250
			10,800				10,800
Mar. 1	To Balance b/d		9,250

Dr Purchases Account Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Feb. 9	To Cash A/c		800	Feb.28	By Balance c/d		800
			800				800
Mar. 1	To Balance b/d		800

Dr. Jayashree’s Account Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Feb. 15	To Sales A/c		5,000	Feb. 8	By Cash A/c		1,500
				28	By Balance c/d		3,500
			5,000				5,000
Mar. 1	To Balance b/d		3,500

Solution : In the books of Virat Traders
Journal Entry
Date	Particulars	L.F.	Debit	Credit
Date	Particulars	L.F.	Amount	Amount
2019
Feb-03	Cash A/c …………………………………………….………Dr		700
	To Sales A/c			700
	(Being sold goods for Cash)
5	Telephone Charges A/c ………………………………Dr		750
	To Cash A/c			750
	(Being Telephone bill Paid)
6	Cash A/c …………………………………………….………Dr		600
	To Interest A/c			600
	(Being Interest Received)
8	Cash A/c …………………………………………….………Dr		1,500
	To Jayashree’s A/c			1,500
	(Being Cash received from Jayashree )
9	Purchase A/c ……………………………………………..Dr		800
	To Cash A/c			800
	(Being Purchase goods for Cash)
15	Jayashree’s A/c …………………………………………..Dr		5,000
	To Sales A/c			5,000
	(Being Sold goods to Jayashree)
	Total		9,350	9,350