Prepare Cash A/c, Bank A/c, Purchase A/c, sales A/c and Capital A/c, and balance the same in the books of Mandanlal. Started business with bank balance Rs.40,000. Purchased goods from Aseem worth Rs.15,000 lesss 10% Trade Discount. Sold goods to Arun for Rs.8,000 for cash. Paid rent Rs.3,000 and electricity bill Rs.500. Purchased 100 shares of prefect technologies for Rs.55 per share and paid brokerage. Withdrawal of goods for personal use Rs.500. Sold goods for cash Rs.5,000 less 10% Cash Discount. Deposited cash into Bank Rs.2,000. Paid Rs.3,000 for daughter's tuition fees by Debit Card. Purchased a table for Rs.2,000. Received Rs.1,500 by selling the scrap. Paid cash into bank in excess of Rs.2,000.

Prepare Cash A/c, Bank A/c, Purchase A/c, sales A/c and Capital A/c, and balance the same in the books of Mandanlal.


2019 Aug. 

1. Started business with bank balance Rs.40,000. 

2. Purchased goods from Aseem worth Rs.15,000 lesss 10% Trade Discount. 

3. Sold goods to Arun for Rs.8,000 for cash. 

4. Paid rent Rs.3,000 and electricity bill Rs.500. 

 5. Purchased 100 shares of prefect technologies for Rs.55 per share and paid brokerage. 

6. Withdrawal of goods for personal use Rs.500. 

7. Sold goods for cash Rs.5,000 less 10% Cash Discount.  

8. Deposited cash into Bank Rs.2,000. 

9. Paid Rs.3,000 for daughter's tuition fees by Debit Card. 

10. Purchased a table for Rs.2,000. 

19. Received Rs.1,500 by selling the scrap. 

27. Paid cash into bank in excess of Rs.2,000. 

  
 

Solution: 

In the books of Mandanlal 

 
 

Dr.               Cash Account               Cr. 

Date  

particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

2019 Aug. 3 

To sales A/c 

 

8,000 

4 

By Rent & Electricity bill 

 

3,500 

7 

To Sales A/c 

 

4,500 

8 

By Bank A/c 

 

2,000 

19 

To Sales of scrap A/c 

 

1,500 

10 

By Table A/c 

 

2,000 

 

 

 

 

27 

By Bank A/c 

 

4,500 

 

 

 

 

31 

By Balance c/d 

 

2,000 

 

 

 

14,000 

 

 

 

14,000 

Step. 1 

To Balance b/d 

 

2,000 

 

 

 

 

 
 

 
Dr.                  Bank Account                 Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

2019 Aug. 1 

To Capital A/c 

 

40,000 

2019Aug. 5 

By Shares of Perfect Technologies A/c 

 

5,750 

8 

To Cash A/c 

 

2,000 

9 

By Drawings A/c 

 

3,000 

27 

To Cash A/c 

 

4,500 

31 

By Balance c/d 

 

37,750 

 

 

 

 

 

 

 

 

 

 

 

46,500 

 

 

 

46,500 

Oct.1 

To Balance b/d 

 

37,750 

 

 

 

 

 
 

Dr.                Purchase Account               Cr.  

Date   

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

2019 Aug. 2 

To Aseem A/c 

 

13,500 

6 

By Drawings A/c 

 

500 

 

 

 

 

31 

By Balance c/d 

 

13,000 

 

 

 

13,500 

 

 

 

13,500 

Step. 1 

To Balance b/d 

 

13,500 

 

 

 

 

 
 

Dr.                  Sales Account                 Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

 

 

 

 

2019 Aug. 3 

By Sales A/c 

 

8,000 

 

 

 

 

7 

By Cash A/c 

 

4,500 

31 

To Balance b/d 

 

12,500 

 

 

 

 

 

 

 

12,500 

 

 

 

12,500 

 

 

 

 

Step. 1 

By Balance c/d 

 

12,500 

 
 

Dr.                 Capital Account                  Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars