Question

16. Prepare Journal and post them into Ledger from the particulars given below: 2017 Jan 1 Cash purchases Rs.25,000 2 Sold goods to Raman Rs. 40,000 4 Cash paid into bank Rs. 15,000 10 Paid salaries Rs. 17,000 15 Received commission Rs. 5,000

Answer 1

25,000 01-01-17 Purchases A/C Cash A/C (Being Cash Purchase) 25,000 02-01-17 40,000 Raman A/C Sales A/C (Being Credit sales) 40,000 15,000 04-01-17 Bank A/C Cash A/C (Being cash paid to Bank) 15,000 10-01-17 17,000 Salaries A/C Cash A/C (Being Salary paid) 17,000 15-01-17 5,000 Cash A/C Commission Received (Being Commission received) 5,000

Purchases A/C Dr Cr Particulars Dr Particulars Commission Received A/C Cash A/C Cr Particulars 5,000 Purchases A/C Bank A/C 52,000 Salaries A/C Particulars Cash A/C 25,000 25,000 15,000 17,000 Profit & Loss A/C 25,000 Balance C/D 57,000 57,000 25,000 25,000 Raman A/C Cr 40,000 Particulars Dr Particulars | Particulars Sales A/C | Sales A/C Cr Particulars Raman A/C 40,000 40,000 Dr 40,000 Balance C/D Profit & Loss A/C 40,000 40,000 40,000 40,000 Salaries A/C Bank A/C Cr 15,000 Particulars Dr Cr Particulars Particulars Cash A/C Dr Particulars Cash A/C 17,000 Balance C/D Profit & Loss A/C 15,000 15,000 17,000 17,000 15,000 17,000 Particulars Dr Dr Commission Received A/C Cr Particulars Cash A/C 5,000 5,000 Particulars Purchases A/C Salaries A/C Net Profit of the year Profit & Loss A/C Particulars 25,000 Sales A/C 17,000 Commission Received A/C 3,000 40,000 5,000 Profit & Loss A/C 5,000 5,000 45,000 45,000