1. Journalize the following transactions and post them into various ledger accounts.

2021

Jan 1 Parth Started business with cash Rs. 1,00,000

Jan 3 Parth sold goods for cash Rs. 50,000

Jan 5 Parth Purchased goods for cash Rs. 40,000

Jan 10 Parth Purchased vehicle for Rs. 1,00,000

2. Pass journal entries for the following transactions and post them into various ledger accounts.

2021

July 1 Anil Started business with cash Rs. 1,00,000

July 3 Anil sold goods for cash Rs. 3,00,000

July 5 Anil purchased goods for cash Rs. 50,000

July 10 Anil sold goods on credit to Satish Rs. 1,00,000

July 15 Anil purchased goods on credit from Ram Rs. 50,000

3. Journalize the following transactions and post them to the various ledger accounts.

2021

1 June Rao started business with cash Rs. 40,000

3 June Rao paid for postage Rs. 25

5 June Rao purchased goods from Sam Rs. 3,000

10 June Rao sold goods to Suresh Rs. 4,000

14 June Rao returned goods to Sam Rs. 1,000

15 June Suresh returned goods to Rao Rs. 2,000

25 June Rao received cash from Suresh

28 June Rao paid the amount due to Sam in cash.

29 June Rao paid for stationery Rs. 100

30 June Rao received commission Rs. 2,000

4. Pass journal entries and post them to the various ledger accounts to Akash

2021

1 July Akash opened bank account with cash Rs. 30,000

3 July Akash withdrew Rs. 3,000 from the bank for office use.

4 July Akash deposited Rs. 6,000 into bank

5 July Akash Sold machinery for cash Rs. 14,000

7 July Akash purchased machinery and paid cash Rs. 10,000

10 July Akash sold furniture to Balu on credit Rs. 10,000

14 July Akash purchased furniture from Balu on Credit for Rs. 20,000

17 July Akash Sold building and received cheque of Rs. 50,000

20 July Akash Purchased machinery and paid through bank Rs. 30,000

21 July Akash Sold Machinery for Rs. 50,000 and received half in cash and half in
cheque.

22 July Akash Purchased machinery for Rs. 30,000 and paid Rs.10,000 in cash and
balance through bank.

28 July Akash Sold Furniture to Balu on credit for Rs. 20,000 and received Rs. 15,000 in
cash immediately.
5. Pass journal entries in the books of Ajay and post them to respective ledger accounts.

2021

1 January Ajay started business with cash Rs. 10,000 and Furniture from Sunil Rs. 25,000

5 january Ajay sold goods to Sunil for Rs 30,000 received Rs 10000 in cash and balance
through cheque.

10 January Ajay purchased goods from Umesh for Rs. 40,000 paid Rs. 20,000 in cash and
balance in bank.

15 January Ajay sold furniture to Umesh on credit for Rs. 30000 and received Rs. 5000 in
cash immediately.

20 January Ajay purchased furniture from Sunil on credit for Rs. 50000 and paid Rs. 10,000
through bank immediately.

6. Mr. Abhishek entered into following transactions for the month January 2021.

1 Started business with investing Rs. 40,000

5 Purchased an equipment from ROhit on credit Rs. 8,000

7 Borrowed Rs. 10,000 from B K finance.

10 Purchased goods from cash Rs. 12,000

12 Paid Rs. 5,500 to suppliers of equipment.

15 Paid Telephone bill Rs. 8000 by cheque.

16 Paid salaries to clerk Rs. 2,000

18 Sold goods to varun for rs. 4,000

20 Purchased Moter van for cash Rs. 12,000

30 Received from Varun Rs. 3,800 in full settlement

Pass the journal entries and open the necessary ledger account.
7. Journalize the following transactions and open only the personal account in the ledger.

2021 July

1. Govind Started business with the following: cash – 2,000; Goods Rs. 1,000 and
furniture Rs. 500

5 Sold goods to Raghavan Rs. 500

5 Sold goods for cash Rs. 300

9 Received from Raghavan on account Rs. 300

12 Purchased goods from Mukundan Rs. 900

15 Paid Mukundan Rs. 500

20 Paid Interest to Mukundan Rs. 10

31 Paid stationery charges Rs. 6

31 Paid salaries Rs. 25

31 Paid rent Rs. 16

8.Record the following transactions in the personal accounts of Mr Nath and Balance the account
at the end of each month.

2021 September

1 Sold goods to Nath Rs. 542

4 Received from Nath cash Rs. 515 and allowed him discount Rs. 27

15 Nath brough goods Rs. 600

18 Received from nath cash Rs. 200

October

1 Balance from last month Rs. 400 and sold goods to Nath Rs. 1000
21 Received from Nath cash Rs. 396 and allowed him discount Rs. 4

31 received cash in full settlement of account Rs. 984.

9. From the following information show the account of Satya as it would have appeared in the
ledger of Samrat.

2021 July

1 Credit balance brought down Rs. 3,000

6 Bought goods from Sathya Rs. 700

7 Returned goods worth Rs. 200 to Sathya

10 Sold goods for Rs. 900 to Sathya

20 Sathya returned goods back worth Rs. 100

24 Paid Rs. 400 to Sathya

29 Discount allowed by him Rs. 50

31 Received Rs. 300 from Sathya

31 Allowed him discount Rs. 25.

10. Prepare a personal account of Varun in the following transactions, in the books of Ganesh.

2021 january

1 Debit balance of Varun 10,050 Rs.

5 Bought from Varun Rs. 1,500

7 Cheque issued to Varun Rs. 1,200

9 Sold to Varun Rs. 3,500

12 Ganesh Sold to Varun Rs. 1,600

20 Received cheque from Varun Rs. 1,800

24 Varun Claimed an allowance of Rs. 300 for damaged goods.

28 Varun received goods returned by Ganesh Rs. 450.

11. Prepare the personal account of Mr. Ganesh from the following transactions.

2021 March

1 Debit balance of Ganesh Account Rs. 8,100

3 Bought of Ganesh Rs. 1,400

5 Goods worth Rs. 1,300 sold to him.

9 Paid to him Rs. 1,300

12 Returned goods to him Rs. 130

15 Ganesh bought goods from us Rs. 1,500

18 He returned goods Rs. 600

22 Received a bearer cheque from Ganesh for Rs. 1,000

25 Goods worth Rs. 250 sent back to him

30 Ganesh Sold goods us worth Rs. 1,800

12. write the accounts of John from the following transactions.

2021 January

1 Sold goods to him worth Rs. 1,000

3 Purchased goods from him worth Rs. 500

5 Received from him Rs. 900 on account and allowed him Rs. 100 as discount
10 Returned goods to him worth Rs. 50

20 Sold goods to him worth Rs. 400

25 He returned goods worth Rs. 100

27 Received from him Rs. 300

13. Prepare Pavan’s account in the ledger of Rajesh and Rajesh’s account in the ledger of Pavan
from the following transactions between them.

2021 January

1 Opening debt of Rajesh to Pavan Rs. 700

5 Pavan Sold goods Rajesh Rs. 3,000

9 Rajesh sold goods to Pavan on credit Rs. 2,000

14 Rajesh returned goods to Pavan Rs. 200

17 Pavan received cash from Rajesh Rs. 2,000 and discount to Rajesh Rs. 300

20 Pavan Returned goods to Rajesh Rs. 400

25 Rajesh Received cash from Pavan Rs. 1,500