Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger. December2017 Rs. 1. Started business with cash 92,000 - Bzziii

Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger.

December 2017		₹
1.	Started business with cash	92,000
2.	Deposited into bank	60,000
3.	Bought goods on credit from Himani	40,000
6.	Purchased goods from cash	20,000
8.	Returned goods to Himani	4,000
10.	Sold goods for cash	20,000
14.	Cheque given to Himani	36,000
17.	Goods sold to M/s Goyal Traders	3,50,000
19.	Drew cash from bank for personal use	2,000
21.	Goyal traders returned goods	3,500
22.	Cash deposited into bank	20,000
26.	Cheque received from Goyal Traders	31,500
28.	Goods given as charity	2,000
29.	Rent paid	3,000
30.	Salary paid	7,000
31.	Office machine purchased for cash	3,000

In the Books of the M/s Bhanu Traders

Journal

Date	Particulars	L.F.	Debit  Amount (Rs.)	Credit Amount (Rs.)
2017
Dec.01	Cash A/c  Dr.		92,000
	To Capital A/c			92,000
	(Being Started business)
Dec.02	Bank A/c Dr.		60,000
	To Cash A/c			60,000
	(Being Cash deposited into bank)
Dec.04	Purchase A/c  Dr.		40,000
	To Himani			40,000
	(Being Goods purchased from Himani)
Dec.06	Purchase A/c Dr.		20,000
	To Cash A/c			20,000
	(Being Goods purchased for cash)
Dec.08	Himani  Dr.		4,000
	To Purchases Return A/c			4,000
	(Goods returned to Himani)
Dec.10	Cash A/c Dr.		20,000
	To Sales A/c			20,000
	(Being Goods sold)
Dec.14	Himani Dr.		36,000
	To Bank A/c			36,000
	(Being Cheque given to Himani)
Dec.17	M/s. Goyal Traders A/c Dr.		35,000
	To Sales A/c			35,000
	(Being Goods sold to M/s. Goyal Traders)
Dec.19	Drawing A/c  Dr.		2,000
	To Bank A/c			2,000
	(Being Cash withdrawn from bank for personal use)
Dec.21	Sales Return A/c  Dr.		3,500
	To M/s. Goyal Traders			3,500
	(Being Goods returned by Goyal Traders)
Dec.22	Bank A/c Dr.		20,000
	To Cash A/c			20,000
	(Being Cash deposited into bank)
Dec.26	Bank A/c Dr.		31,500
	To M/s. Goyal Traders			31,500
	(Being Cheques received from M/s. Goyal Traders)
Dec.28	Charity A/c  Dr.		2,000
	To Purchase A/c			2,000
	(Being Goods given as charity)
Dec.29	Rent A/c Dr.		3,000
	To Bank A/c			3,000
	(Being Rent paid)
Dec.30	Salaries A/c Dr.		7,000
	To Cash A/c			7,000
	(Being Salaries paid)
Dec.31	Office Machine Ac		3,000
	To Cash A/c			3,000
	(Being Office machinery purchased)
	Total		6,94,000

Cash Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.01	Capital		92,000	Dec.02	Bank		60,000
Dec.10	Sales		20,000	Dec.06	Purchases		20,000
				Dec.22	Bank		20,000
				Dec.30	Salaries office		7,000
				Dec.31	Machine		3,000
				Dec.31	Balance c/d		2,000
			1,12,000				1,12,000

Capital Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Dec.01	Cash		92,000
Dec.31	Balance c/d		92,000
			92,000				92,000

Bank Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.02	Cash		60,000	Dec.14	Himani		36,000
Dec.22	Cash		20,000	Dec.19	Drawing		2,000
Dec.26	Goyal Traders		31,500	Dec.29	Rent (see note)		3,000
				Dec.31	Balance c/d		70,500
			1,11500				1,11,500

Note: For transaction on December 29, 2017, it has been assumed that the rent of Rs. 3,000 is paid through cheque.

Purchase Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.04	Himani		40,000	Dec.28	Himani		2,000
Dec.06	Cash		20,000
				Dec.31	Balance c/d		58,000
			60,000				60,000

Himani’s Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.08	Purchases Return		4,000	Dec.04	Purchase		40,000
Dec.14	Bank		36,000
			40,000				40,000

Sales Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Dec.10	Cash		20,000
				Dec.17	M/s Goyal Traders		35,000
Dec.31	Balance c/d		55,000
			55,000				55,000

M/s. Goyal Traders Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.17	Sales		35,000	Dec.21	Sales Return		3,500
				Dec.26	Bank		31,500
			35,000				35,000

Purchases Return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Dec.08	Himani		4,000
Dec.31	Balance c/d		4,000
			4,000				4,000

Drawing Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.19	Bank		2,000
				Dec.31	Balance c/d		2,000
			2,000				2,000

Sales Return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.21	M/s. Goyal Traders		3,500
				Dec.31	Balance c/d		3,500
			3,500				3,500

Charity Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.28	Purchases		2,000
				Aug.31	Balance c/d		2,000
			2,000				2,000

Rent Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.29	Cash		3,000
				Dec.31	Balance c/d		3,000
			3,000				3,000

Salaries Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.30	Cash		7,000
				Dec.31	Balance c/d		7,000
			7,000				7,000

Office Machine Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Dec.31	Cash		3,000
				Dec.31	Balance c/d		3,000
			3,000				3,000

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NCERT Class 11 - Accountancy
Recording of Transactions