Advertisements
Advertisements
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
Write the word, term, phrase, which can substitute the statement.
The process of extracting the balance and inserting it on lesser side of an account.
The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ____________.
The amount brought into the business by the proprietor should be credited to __________.
What is meant by posting?
What is debit balance?
What is credit balance?
Journalise the following transactions and post them to the ledger.
| 2016 Jan. | Particulars | ₹ |
| 1 | Started business with cash | 10,000 |
| 5 | Paid into bank | 5,000 |
| 7 | Purchased goods from Ram for cash | 1,000 |
The following balances appeared in the books of Vinoth on Jan 1, 2018
| Assets | ₹ | Liabilities | ₹ |
| Cash | 40,000 | Amount due to Vijay | 10,000 |
| Stock | 50,000 | ||
| Amount due from Ram | 20,000 | ||
| Machinery | 40,000 |
Pass the opening journal entry and post them to Vinoth’s Capital account.
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 |
Enter the following transactions in the books of Ganesan and post them into ledger.
| 2017 Oct | Particulars | ₹ |
| 1 | Started business with cash | 25,000 |
| 5 | Deposited into bank | 12,500 |
| 10 | Purchased furniture and payment by cheque | 2,000 |
| 15 | Goods purchased for cash | 5,000 |
| 19 | Sold goods to Vasu on credit | 4,000 |
| 22 | Goods worth has taken for personal use | 500 |
