# Practical Problem 03

 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 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 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 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 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 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 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