Practical Problem 06
| Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c and Capital A/c. and balance the same in the books of Madanlal. | |||||||||||
| 2019 | |||||||||||
| Aug. | |||||||||||
| 1 | Started business with bank balance Rs 40,000. 4 Purchased goods for Rs 9,000 less 10% Cash Discount. | ||||||||||
| 2 | Purchased goods from Aseem worth Rs 15,000 less 10% Trade Discount. | ||||||||||
| 3 | Sold goods to Arun for Rs 8,000 for cash. | ||||||||||
| 4 | Paid Rent Rs 3,000 and Electricity bill Rs 500. | ||||||||||
| 5 | Purchased 100 Shares of Perfect Technologies for Rs 55 per share and paid Brokerage Rs 250 by transfer through netbanking. | ||||||||||
| 6 | Withdrawal of goods for personal use Rs 500. | ||||||||||
| 7 | Sold goods for cash Rs 5,000 less 10% Cash Discount. | ||||||||||
| 8 | Deposited cash into Bank Rs 2,000. | ||||||||||
| 9 | Paid Rs 3,000 for daughter’s tuition fees by Debit Card. | ||||||||||
| 10 | Purchased a Table for Rs 2,000. | ||||||||||
| 19 | Received Rs 1,500 by selling the scrap. | ||||||||||
| 27 | Paid cash into bank in excess of Rs 2,000 | ||||||||||
| Solution :- | |||||||||||
| In the books of mandanlal | |||||||||||
| Dr Cash A/c Cr | |||||||||||
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount | ||||
| 2019 | 2019 | ||||||||||
| Aug-03 | To Sales A/c | 8,000 | Aug-04 | By Rent A/c | 3,000 | ||||||
| 7 | To Sales A/c | 4,500 | 4 | By Electricity Charges A/c | 500 | ||||||
| 19 | To Scrap sale A/c | 1,500 | 8 | By Bank A/c | 2,000 | ||||||
| 10 | By Furniture A/c | 2,000 | |||||||||
| 27 | By Bank A/c | 4,500 | |||||||||
| 31 | By Balance C/d | 2,000 | |||||||||
| 14,000 | 14,000 | ||||||||||
| Sep-01 | To Balance b/d | 2,000 | |||||||||
| Dr BankA/c Cr | |||||||||||
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount | ||||
| 2019 | 2019 | ||||||||||
| Aug-01 | To Capital A/c | 40,000 | Aug-05 | By Investment in shares in perfect Technologies A/c | |||||||
| 5,550 | |||||||||||
| 8 | To Cash A/c | 2,000 | 5 | By Brokerage A/c | 250 | ||||||
| 27 | To Cash A/c | 4,500 | 9 | By Drawings A/c | 3,000 | ||||||
| 31 | By Balance c/d | 37,750 | |||||||||
| 46,500 | 46,500 | ||||||||||
| Jun-01 | To Balance b/d | 37,750 | |||||||||
| Dr Purchases A/c Cr | |||||||||||
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount | ||||
| 2019 | 2019 | ||||||||||
| Aug-02 | To Aseem’s A/c | 13,500 | Aug-31 | By Balance c/d | 13,500 | ||||||
| 13,500 | 13,500 | ||||||||||
| Sep-01 | To Balance b/d | 13,500 | |||||||||
| Dr Sales A/c Cr | |||||||||||
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount | ||||
| 2019 | 2019 | ||||||||||
| Aug-31 | To Balance c/d | 13,000 | Aug-03 | By Cash A/c | 8,000 | ||||||
| 7 | By Cash A/c | 4,500 | |||||||||
| 7 | By Discount Allowed A/c | 500 | |||||||||
| 13,000 | 13,000 | ||||||||||
| Sep-01 | By Balance b/d | 13,000 | |||||||||
| Dr Cash A/c Cr | |||||||||||
| Date | Particulars | J.F | Amount | Date | Particulars | J.F | Amount | ||||
| 2019 | 2019 | ||||||||||
| Aug-31 | To Balance c/d | 40,000 | Aug-01 | By Bank A/c | 40,000 | ||||||
| 40,000 | 40,000 | ||||||||||
| Sep-01 | By Balance b/d | 40,000 | |||||||||