Scribd Logo
Upload

Welcome to Scribd!

  • 34 views

    Journal Entries and Ledger Accounts - Final

    Uploaded by

    Mukul Sinha
    The document provides journal entries, ledger accounts, and a trial balance for a business for the fiscal year 2022-2023. It records various transactions such as starting the business with cash, purchasing machinery, selling goods for cash, paying salaries, purchasing and returning goods from a supplier. The trial balance shows debit and credit totals that match, indicating the accounting records are in balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Journal Entries and Ledger Accounts - Final

    Uploaded by

    Mukul Sinha
    34 views6 pages
    The document provides journal entries, ledger accounts, and a trial balance for a business for the fiscal year 2022-2023. It records various transactions such as starting the business with cash, purchasing machinery, selling goods for cash, paying salaries, purchasing and returning goods from a supplier. The trial balance shows debit and credit totals that match, indicating the accounting records are in balance.

    Original Title

    Journal entries and ledger accounts_final

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides journal entries, ledger accounts, and a trial balance for a business for the fiscal year 2022-2023. It records various transactions such as starting the business with cash, purchasing machinery, selling goods for cash, paying salaries, purchasing and returning goods from a supplier. The trial balance shows debit and credit totals that match, indicating the accounting records are in balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views6 pages

    Journal Entries and Ledger Accounts - Final

    Uploaded by

    Mukul Sinha
    The document provides journal entries, ledger accounts, and a trial balance for a business for the fiscal year 2022-2023. It records various transactions such as starting the business with cash, purchasing machinery, selling goods for cash, paying salaries, purchasing and returning goods from a supplier. The trial balance shows debit and credit totals that match, indicating the accounting records are in balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Q.

    3 Answer:

    Journal Entries in the Book of Accounts for the FY 2022-2023

    Date Particulars L.F. Amount (Rs.)


    (2022) Debit Credit
    16-04 Cash A/c ---dr. 1,00000
    To Capital A/c 1,00,000
    (Started business with cash)
    30-04 Machinery A/c ---dr. 25,000
    To Cash A/c 25,000
    (Purchases machinery in cash)
    02-05 Cash A/c ---dr. 30,000
    To Sales A/c 30,000
    (Sold goods in cash)
    30-05 Salary A/c --- dr. 1,00,00,000
    To Cash A/c 1,00,00,000
    (Paid salary to 500 employes)
    05-06 Purchase A/c ------dr. 15,000
    To Company H. Ltd 15,000
    (Purchase goods from company H. Ltd)
    12-06 Company H. Ltd -----dr. 3,000
    To purchase return A/c 3,000
    (Return goods to company H. Ltd)
    Ledger Accounts for the FY 2022-2023

    Cash A/c
    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L Amount


    (Rs.) .F (Rs.)
    .
    (2022-23) (2022-
    01-04 To capital 1,00,000 23)
    13-04 To sales 30,000 30-04 By Machinery 25,000
    31-03 To Bal c/d 9895000 31-03 By salary 1,00,00,000
    10025000 1,00,25,000
    (2023-
    (2023-24) 24) To Bal b/d 98,95,000
    01-04

    Capital A/c
    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) To Bal c/d 1,00,000 23) By Cash 1,00,000
    31-03 16-04

    (2023- (2023-
    24) 24) To Bal b/d 1,00,000
    01-04
    Purchases A/c
    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) To Company H. Ltd 15,000 23) By Bal c/d 15,000
    05-06 31-03

    (2023- (2023-
    24) To Bal b/d 15,000 24)
    01-04

    Sales A/c
    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) To Bal c/d 30,000 23) By Cash 30,000
    31-03 02-03

    (2023- (2023-
    24) 24) To Bal b/d 30,000
    01-04
    Company H. Ltd

    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) 23)
    12-06 To Purchase returns 3,000 05-06 By Purchases 15,000
    31-03 To Bal c/d 12,000
    15,000
    (2022- (2022-
    23) 23)
    01-04 By Bal b/d 12,000

    Machinery A/c

    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) 23)
    30-04 To cash 25,000 31-03 By Bal c/d 25,000
    31-03

    (2022- (2022-
    23) 23)
    01-04 To Bal b/d 25,000
    Salary A/c

    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) 23) By Bal c/d 1,00,00,000
    30-03 To Cash 1,00,00,000 31-03

    (2022- (2022-
    23) 23)
    01-04 To Bal b/d 1,00,00,000

    Purchase return A/c

    Dr. Cr.

    Date Particulars L.F. Amount Date Particulars L.F. Amount


    (Rs.) (Rs.)
    (2022- (2022-
    23) 23)
    31-03 To Bal c/d 3,000 12-06 By Company 3,000
    H. Ltd
    (2022- (2022-
    23) 23)
    01-04 By Bal b/d 3,000
    TRIAL BALANCE as on 31-03-2023

    Particulars L.F. Amount (in Rs.) Amount (in Rs.)


    Debit Credit
    Cash A/c - 98,95,000
    Capital A/c - 1,00,000
    Purchases A/c 15,000 -
    Sales A/c - 30,000
    Company H. Ltd - 12,000
    Machinery A/c 25,000 -
    Salary A/c 1,00,00,000 -
    Purchase return A/c - 3,000
    Total 1,00,40,000 1,00,40,000

    You might also like