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Tutorial On Ledger

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66 views

Tutorial On Ledger

gsgsdg

Uploaded by

divya8955
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

From the following transactions prepare journal


entries and ledger accounts of JK traders
 Started business with capital -5 lakhs
 Purchased goods from PK traders -80,000
 Purchased machinery-1 lakh
 Purchased furniture from furniture & co-50,000
 Sold goods to like traders-7 lakhs
 Deposited cash into bank-20,000
 Received Rs.30,000 from like traders
 Paid to PK traders 20,000
 Insurance paid-3000
 Commission received-2000

2. Journalise the following transactions


 X invested in business 12,00,000
 Sold goods worth 20,000
 Purchased goods worth 75,000
 Sold goods to jin 1,00,000
 Building purchased 10,000
 Paid to stationery 5,100
 Cash deposited 50,000
 Transport charges 7,300

3. Journalise the following transactions


 Commenced business with cash -5,00,000
 Purchased furniture for cash-20,000
 Cash purchases-50,000
 Deposited with bank-50,000
 Sold to niharika for cash-2,00,000
 Sold goods to park&co-1,00,000
 Purchases from Gucci&co-1,25,000
 Wages paid-75,300
 Withdraw from bank-12,500
 Electricity expenditure paid-3,575

4. journalise the following transactions


 Started business with capital of Rs.10 lakhs
 Purchased goods Rs.5 lakhs
 Purchased building Rs.2,00,000
 Purchased furniture Rs.50,000
 Sold goods Rs.7 lakhs
 Purchased goods from kp ltd Rs.50,000
 Paid Rs.20,00 towards insurance
 Paid to kp ltd Rs.20,000
 Travelling expenses 10,000

5. prepare journal entries


 Invested capital of Rs.300000
 Purchased goods worth Rs.2,50,000
 Paid wages 30,000
 Received rent of 25,000
 Sold goods for cash 4,75,000
 Commission received 5000
 Discount allowed 2,500
 Building purchased for 1,00,000
 Purchases from suga 85,000
 Sold to RM goods worth 1,20,000

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