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प्रश्न
The following balances appeared in the books of Kumaran on April 1, 2017.
| Assets | ₹ | Liabilities | ₹ |
| Cash | 1,00,000 | Amount due to Anush | 40,000 |
| Stock | 40,000 | Kumaran’s capital | 1,20,000 |
| Amount due from Rohit | 10,000 | ||
| Furniture | 10,000 |
Find the capital and show the ledger posting for the above opening balances.
उत्तर
Opening Entry
| Date | Particulars | L.F. | Debit ₹ | Credit ₹ |
| Cash A/c .........Dr. Stock A/c .......Dr. Rohit A/c .........Dr. Furniture A/c .........Dr. To Anush A/c To Capital Kumaran A/c (Balance of assets and liabilities brought forward) |
1,00,000 40,000 10,000 10,000 - - |
- - - - 40,000 1,20,000 |
Cash Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 1 | To Valance b/d | 1,00,000 | April 30 | By Balance c/d | 1,00,000 | ||
| 1,00,000 | 1,00,000 | ||||||
| May 1 | To Balance b/d | 1,00,000 |
Stock Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 1 | To Balance b/d | 40,000 | April 30 | By Balance b/d | 40,000 | ||
| 40,000 | 40,000 | ||||||
| May 1 | To Balance b/d | 40,000 |
Rohit (Debtors) Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 1 | To Balance b/d | 10,000 | April 30 | By Balance c/d | 10,000 | ||
| 10,000 | 10,000 | ||||||
| May 1 | To Balance b/d | 10,000 |
Furniture Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 1 | To Balance b/d | 10,000 | April 30 | By Balance c/d | 10,000 | ||
| 10,000 | 10,000 | ||||||
| May 1 | To Balance b/d | 10,000 |
Creditors Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 30 | To Balance c/d | 40,000 | April 1 | By Balance b/d | 40,000 | ||
| 40,000 | 40,000 | ||||||
| May 1 | To Balance b/d | 40,000 |
Kumaran’s Capital Account
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| April 30 | To Balance c/d | 1,20,000 | April 1 | By Balance b/d | 1,20,000 | ||
| 1,20,000 | 1,20,000 | ||||||
| 1,20,000 | May 1 | To Balance b/d | 1,20,000 |
APPEARS IN
संबंधित प्रश्न
State whether the following statements are ‘True or False’ with reasons.
Balances of Nominal Accounts are carried forward to the next year.
Complete the following table:
| Land & Building | Real Account |
| Commission Received | ? |
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.
If the total of the debit side of an account exceeds the total of its credit side, it means ____________.
The amount brought into the business by the proprietor should be credited to __________.
What is debit balance?
What is credit balance?
Prepare Furniture A/c from the following transactions.
| 2016 Jan | Particulars | ₹ |
| 1 | Furniture in hand | 2,000 |
| 1 | Purchased furniture for cash | 4,000 |
| 30 | Sold furniture | 400 |
Give journal entries and post them to cash account.
| 2016 June | Particulars | ₹ |
| 1 | Commenced business with cash | 1,10,000 |
| 10 | Introduced additional capital | 50,000 |
| 28 | Withdrawn for personal use | 20,000 |
Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.
| 2017 Aug. | Particulars | ₹ |
| 10 | Sold goods and cheque received but not deposited | 30,000 |
| 14 | Sold goods on credit to Gopi | 12,000 |
| 20 | Received cash from Gopi | 12,000 |
