# Practical Problem 09

 Q.9 The following ledger balances were extracted from the books of Pawan Pawar,Pune as on 1st July 2019 2019 Aug. 1 Introduced additional Capital Rs 40,0004 Purchased goods for Rs 9,000 less 10% Cash Discount. 4 Bought goods from Rakesh Rs 80,000 @ 10% Trade Discount 7 Sold goods to Rashmi Rs 30,000 9 Returned goods to Rakesh Rs 20,000 (Gross) 11 Rashmi returned goods to us Rs 400 14 Paid to Rakesh Rs 40,000 @ 2% Cash Discount 22 Made purchases Rs 17,000 and amount paid by cheque 24 Cash Sales Rs 8,000 27 Bought Stationery Rs 3,000 28 Received from Rashmi Rs 39,000 by RTGS and discount allowed Rs 1000 29 Paid Salary Rs 10,000 29 Sold goods to Rashmi Rs 20,000 31 Bought goods from Rakesh Rs 36,000 and paid by cheque. Solution :- In the books of Pawan Pawar,Pune Dr                                                                                                 Cash A/c                                                                                Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 1,00,000 Jul-14 By Rakesh ‘s A/c 39,200 1 To Capital A/c 40,000 27 By Stationery A/c 3,000 24 To Sales A/c 8,000 29 By Salary A/c 10,000 31 By Ba/ance c/d 95,800 1,48,000 1,48,000 Aug-01 To Balance b/d 95,800 Dr                                                                                                 Capital A/c                                                                           Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-31 To Balance c/d 5,20,000 Jul-01 By Balance b/d 4,80,000 1 By Cash A/c 40,000 5,20,000 5,20,000 Aug-01 By Ba/ance b/d 5,20,000 Dr                                                                                          Rakesh’s A/c                                                                         Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-19 To Purchase Return A/c 18,000 Jul-01 By Balance b/d 56,000 14 To Cash A/c 39,200 28 By Purchases A/c 72,000 14 To Discount Received A/c 800 31 To Balance c/d 70,000 1,28,000 1,28,000 Aug-1 By Balance b/d 70,000 Dr                                                                                                 Rashi’s A/c                                                                              Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 70,000 Jul-11 By Sales Return A/c 400 7 To Sales A/c 30,000 4 By Bank a/c 39,000 29 To Sales A/c 20,000 28 By Discount Allowed A/c 1,000 31 By Balance c/d 79,600 1,20,000 1,20,000 Aug-01 To Balance b/d 79,600 Dr                                                                                           Purchases A/c                                                                           Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 1,30,000 Jul-31 By Balance c/d 2,55,000 4 To Rakesh’s A/c 72,000 22 To Bank A/c 17,000 31 To Bank A/c 36,000 2,55,000 2,55,000 Aug-01 To Balance b/d 2,55,000 Dr                                                                                                  Sales A/c                                                                                      Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance c/d 4,18,000 Jul-01 By Balance b/d 3,60,000 7 By Rashmi’s A/c 30,000 24 By Cash A/c 8,000 29 By Rashmi’s A/c 20,000 4,18,000 4,18,000 Aug-1 By Baalnce b/d 4,18,000 Dr                                                                                   Purchases Return A/c                                                                    Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-31 To Balance c/d 78,000 Jul-01 By Balance b/d 60,000 9 By Rakesh’s A/c 18,000 78,000 78,000 Aug-01 By Balance b/d 78,000 Dr                                                                                             Sales Return                                                                            Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 40,000 Jul-31 By Balance c/d 40,400 11 To Rashmi’s A/c 400 40,400 40,400 Aug-01 To Balance b/d 40,400 Dr                                                                                 Discount Received A/c                                                                        Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-31 To Balance c/d 800 Jul-14 By Rakesh’s A/c 800 800 800 Aug-01 By Balance b/d 800 Dr                                                                                                  Bank A/c                                                                                          Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance c/d 1,80,000 Jul-22 By PurchaseA/c 17,000 28 To Rashmi’s a/c 39,000 31 By PurchaseA/c 36,000 31 By Balance c/d 1,66,000 2,19,000 2,19,000 Aug-01 To Balance b/d 1,66,000 Dr                                                                                        Stationery A/c                                                                                       Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 2,000 Jul-31 By Balance c/d 5,000 27 To Cash A/c 3,000 5,000 5,000 Aug-01 To Balance b/d 5,000 Dr                                                                            Discount Allowed A/c                                                                                   Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-28 To Rashmi’s A/c 1,000 Jul-31 By Balance c/d 1,000 1,000 1,000 Aug-01 To Balance b/d 1,000 Dr                                                                                              Salary A/c                                                                                            Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-29 To Cash A/c 10,000 Aug-31 By Balance c/d 10,000 10,000 10,000 Aug-01 To Balance b/d 10,000 Dr                                                                                          Machinery  A/c                                                                               Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-01 To Balance b/d 4,40,000 Jul-31 By Balance c/d 4,40,000 4,40,000 4,40,000 Aug-01 To Balance b/d 4,40,000 Dr                                                                                             Interest A/c                                                                                Cr Date Particulars J.f Amount Date Particulars J.f Amount 2019 2019 Jul-31 To Balance c/d 6,000 Jul-01 By Balance b/d 6,000 6,000 6,000 Aug-1 By Balance b/d 6,000
 Trial Balance Debit Balances Amount Credit balances Amount Cash 95,800 Capital 5,20,000 Rashmi 79,600 Rakesh 70,000 Purchases 2,55,000 Sales 4,18,000 Sales Return 40,400 Purchase Return 78,000 Bank 1,66,000 Discount Allowed 800 Stationery 5,000 Interest 6,000 Discoutn Allowed 1,000 Salary 10,000 Machinery 4,40,000 10,92,800 10,92,800