Journalise the following Transactions, Post to the Ledger: 2017 Nov.01 Business started with (i) Cash 1,50,000 (ii) Goods 50,000 Nov.03 Purchased goods from Harish 30,000 - Bzziii

Journalise the following transactions, post to the ledger:

2017		₹
Nov.01	Business started with
	(i) Cash	1,50,000
	(ii) Goods	50,000
Nov.03	Purchased goods from Harish	30,000
Nov.05	Sold goods for cash	12,000
Nov.08	Purchase furniture for cash	5,000
Nov.10	Cash paid to Harish on account	15,000
Nov.13	Paid sundry expenses	200
Nov.15	Cash sales	15,000
Nov.18	Deposited into bank	5,000
Nov.20	Drew cash for personal use	1,000
Nov.22	Cash paid to Harish in full settlement of account	14,700
Nov.25	Good sold to Nitesh	7,000
Nov.26	Cartage paid	200
Nov.27	Rent paid	1,500
Nov.29	Received cash from Nitesh	6,800
	Discount allowed	200
Nov.30	Salary paid	3,000

Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2017
Dec.01	Cash A/c	Dr.		92,000
	To Capital A/c	Dr.			92,000
	(Started business with cash)
Dec.02	Bank A/c	Dr.		60,000
	To Cash A/c				60,000
	(Cash deposited into bank)
Dec.04	Purchase A/c	Dr.		40,000
	To Himani				40,000
	(Goods purchased from Himani)
Dec.06	Purchase A/c	Dr.		20,000
	To Cash A/c				20,000
	(Goods purchased for cash)
Dec.08	Himani’s A/c	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
	(Goods sold for cash)
Dec.14	Himani’s A/c	Dr.		36,000
	To Bank A/c				36,000
	(Cheque given to Himani)
Dec.17	M/s. Goyal Traders A/c	Dr.		35,000
	To Sales A/c				35,000
	(Goods sold to M/s. Goal Traders)
Dec.19	Drawing A/c	Dr.		2,000
	To Bank A/c				2,000
	(Cash withdrawn from bank for personal use)
Dec.21	Sales Return A/c	Dr.		3,500
	To M/s. Goyal Traders				3,500
	(Goods returned by Goyal Traders)
Dec.22	Bank A/c	Dr.		20,000
	To Cash A/c				20,000
	(Cash deposited into bank)
Dec.26	Bank A/c	Dr.		31,500
	To M/s. Goyal Traders				31,500
	(Cheque received from M/s. Goyal Traders)
Dec.28	Charity A/c	Dr.		2,000
	To Purchase A/c				2,000
	(Goods given as charity)
Dec.29	Rent A/c	Dr.		3,000
	To Bank A/c				3,000
	(Rent paid) see note
Dec.30	Salaries A/c	Dr.		7,000
	To Cash A/c				7,000
	(Salaries paid)
Dec.31	Office Machine A/c	Dr.		3,000
	To Cash A/c				3,000
	(Office machinery purchased)
	Total			6,94,000	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.01	Sales		20,000	Dec.06	Purchases		20,000
				Dec.30	Bank		20,000
				Dec.31	Salaries Office		7,000
				Dec.31	Machine		3,000
					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.33	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