| Q.3 From the following transactions prepare necessary Ledger Accounts in the Books of Vinay and balance the same. |
| 2019 | |
| Jan | |
| 1 | Started business with Cash Rs 10,000 |
| 6 | Bought goods from Vikas Rs 3,000 |
| 9 | Sold goods to Bhushan Rs 2,400 |
| 12 | Paid to Vikas on account Rs 1,600 |
| 19 | Received on account from Bhushan Rs 1,000 |
| 25 | Cash Purchases Rs 3,600 |
| 30 | Cash Sales Rs 5,000 |
| 31 | Paid Wages Rs 400 |
| Solution:- |
| |
| In the books of Vinay |
| Dr Cash A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-01 | To Capital A/c | | 10,000 | Jan-12 | By vikas’s A/c | | 1,600 |
| 19 | To Bhushan’s A/c | | 1,000 | 25 | By Purchases A/c | | 3,600 |
| 30 | To sales A/c | | 5,000 | 31 | By Wages A/c | | 400 |
| | | | | 30 | By Balance c/d | | 10,400 |
| | | | 16,000 | | | | 16,000 |
| Feb-01 | To Balance b/d | | 10,400 | | | | |
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| Dr Capital A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-31 | To Balance c/d | | 10,000 | Jan-01 | By Cash A/c | | 10,000 |
| | | | 10,000 | | | | 10,000 |
| | | | | Feb-01 | By Balance b/d | | 10,000 |
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| Dr Purchases A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-06 | To Vikas’s A/c | 3,000 | | Jan-31 | By Balance c/d | | 6,600 |
| 25 | To Cash A/c | 3,600 | | | | | |
| | | 6,600 | | | | | 6,600 |
| Feb-01 | To Balance b/d | 6,600 | | | | | |
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| Dr Vikas’s A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-12 | To Cash A/c | | 1,600 | Jan-06 | By Purchases | | 3,000 |
| | To Balance c/d | | 1,400 | | | | |
| | | | 3,000 | | | | 3,000 |
| | | | | Feb-01 | By Balance b/d | | 1,400 |
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| Dr Bhushan’s A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-09 | To Sales A/c | 2,400 | | Jan-19 | By Cash A/c | | 1,000 |
| | | | | 31 | By Balance c/d | | 1,400 |
| | | 2,400 | | | | | 2,400 |
| Feb-01 | To Balance b/d | 1,400 | | | | | |
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| Dr Sales A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-31 | To Balance c/d | | 7,400 | Jan-09 | By Bhushan’sA/c | | 2,400 |
| | | | | 30 | By Cash A/c | | 5,000 |
| | | | 7,400 | | | | 7,400 |
| | | | | Feb-01 | By Balance b/d | | 7,400 |
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| Dr Wages A/c Cr |
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount |
| 2019 | | | | | | 2019 | | | |
| Jan-31 | To Cash A/c | | 400 | Jan-31 | By Balance c/d | | 400 |
| | | | 400 | | | | 400 |
| Feb-01 | To Balance b/d | | 400 | | | | |
