From the following transactions prepare necessary ledger accounts in the books of vinay and balance the same.

From the following transactions prepare necessary ledger accounts in the books of vinay and balance the same.

2019 Jan. 

1. Started business with cash Rs. 10,000. 
6. Bought goods from vikas Rs. 3,000. 
9. Sold goods to bhushan Rs. 2,4000. 
12. Paid to vikas on account Rs. 1,600. 
19. Received on account from bhushan Rs. 1,000. 
25. cash purchases Rs. 3,600. 
30. Cash sales Rs. 5,000. 
31. Paid wages Rs. 400. 

 

Solution: 

In the books of Vinay

Dr.               Cash Account            Cr.

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019  Jan.  1	To Capital A/c		10,000	2019  Jan.  12	By Vikas A/c		1,600
19	To Bhushan A/c		1,000	25	By Purchase A/c		3,600
30	To Sales A/c		5,000	31	By Wages A/c		400
				31	By Balance c/d		10,400
			16,000				16,000
Feb.  1	To Balance b/d		10,400

Dr.    Vinay's Capital Account   Cr.  

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019  Jan.  31	To balance b/d		10,000	2019  Jan. 1	By cash A/c		10,000
			10,000				10,000
				Feb.   1	By Balance c/d		10,000

Dr.      Purchase Account      Cr.

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019 Jan. 6	To Vikas A/c		3,000	2019
25	To Cash A/c		3,600	Jan. 31	By Balance c/d		6,600
			6,600				6,600
Feb. 1	To Balance b/d		6,600

Dr.        Vikas Account      Cr.

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019  Jan. 12	To Vikas A/c		1,600	2019  Jan.   6	By Purchase A/c		3,000
31	To Balance b/d		1,400
			3,000				3,000
				Feb.   1	By Balance c/d		1,400 0

Dr.      Sales Account     Cr.

 
 

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
				2019Jan. 9	By Bhushan A/c		2,400
31	To Balance b/d		7,400	30	By Cash A/c		5,000
			7,400				7,400
				Feb. 1	By Balance c/d		7,400

 

 

Dr.      Bhushan Account       Cr. 

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019  Jan.9	To Sales A/c		2,400	2019Jan.  19	By Cash A/c		1,000
				31	By Balance c/d		1,400
			2,400				2,400
Feb. 1	To Balance b/d		1,400

 

 

Dr.        Wages Account      Cr. 

Date	Particulars	J.F	Amt	Date	Particulars	J.F	Amt
2019 Jan. 31	To cash A/c		400	2019 Jan. 31	By Balance c/d		400
			400				400
Feb.1	To Balance b/d		400

 

From the following transactions prepare necessary ledger accounts in the books of vinay and balance the same.