Journalise the following transactions; post them into Ledger for February 2019.

 1. Sunil Started business with stock of goods Rs.20,000 and Cash Rs.1,70,000 out of which Rs.50,000 borrowed from his friend Kedar @10 p.a. 

5. Placed an order for goods worth Rs.7,000 with Mohan for which advance Rs.5,500 was paid. 

9. Purchased Stationery for office use Rs.4,500. 

12. Goods distributed as free samples Rs.2,000. 

17. Paid Freight Rs.400 on behalf of Mr.Dev. 

24. Received Goods from Mohan as per our order dated 5th Feb and settled his account. 

27. Bought goods from Shekar on two months credit for Rs.7,000 at 20% Trade Discount with instructions to send them to Sagar.  

28. Sent to Sagar Outward Invoiced for goods supplied by Shekhar. at list price less 10% Trade Discount. 

Solution: 

 

Cash Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 2019 1	To Capital A/c		1,70,000	Feb. 2019 5	By Mohan A/c		5,500
				9	By Stationery A/c		4,500
				12	By Advertisement A/c		2,000
				17	By Freight A/c		400
				24	By Purchase A/c		1,500
				28	By Balance c/d		1,56,100
			1,70,000				1,70,000
March1	To Balance b/d		1,56,100

 

Purchase Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb 2019 1	To Balance A/c		7,000	Feb 2019 27	By Advertisement A/c		2,000
24	To Cash A/c		20,000
27	To Shekhar A/c		5,600	28	By Balance c/d		30,600
			32,600				32,600
March 1	To Balance b/d		30,600

 

Stationery Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 2019 9	To Cash A/c		4,500	28	By Balance c/d		4,500
			4,500				4,500
March1	To Balance b/d		4,500

 

Advertisement Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 2019 12	To Cash A/c		2,000
				28	By Balance c/d		2,000
			2,000				2,000
March1	To Balance b/d		2,000

 

Sales Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 2019 28	To Balance b/d		6,300	Feb. 2019 28	By Sagar A/c		6,300
			6,300				6,300
				March 1	By Balance c/d		6,300

 

Sunil's Capital Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
28	To Balance b/d		1,20,000	Feb 2019 28	By Cash A/c		1,20,000
			1,20,000				1,20,000
				March 1	By balance c/d		1,20,000

 
Loan from Kedar 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
28	To Balance b/d		50,000	Feb. 2019 28	By Cash A/c		50,000
			50,000				50,000
				March 1	By Balance c/d		50,000

 

Dev's  

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb 2019 17	To Freight A/c		400
				28	By Balance c/d		400
			400				400
March 1	To Balance b/d		400

 

Sagar A/c 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 2019 28	To Sales A/c		6,300	Feb. 2019 28	By Balance c/d		6,300
			6,300				6,300
March 1	To Balance b/d		6,300

 

Shekhar Account 

Date	Particulars	L.F	Amt	Date	Particulars	L.F	Amt
Feb. 201 28	To Balance b/d		5,600	Feb. 2019 28	By Purchase A/c		5,600
			5,600				5,600
				March 1	By Balance c/d		5,600

 

 

Journalise the following transactions; post them into Ledger for February 2019