1. Journalise the following transactions of M/s. Radha & Sons.
Business Started with Rs.2,50,000 and cash deposited with Bank – 1,50,000
1. Purchased machinery on credit from Rangan – 50,000
2. Bought furniture from Ramesh for cash – 25,000
3. Goods sold to Yesodha – 22,500
4. Goods returned by Yesodha – 2,500
5. Goods sold for cash – 50,000
6. Bought goods for cash – 25,000
7. Cash received from Yesodha – 10,000
8. Cash paid to Ramola – 20,000
9. Cash withdrawn from bank – 50,000
10. Paid advertisement expenses – 12,500
11. Bought office stationery for cash – 5,000
12. Cash withdrawn from bank for personal use of the proprietor – 6,250
13. Paid salaries – 15,000
14. Paid rent – 2,500
2. Journalise the following transactions, post them in the Ledger and balance the accounts on 31
January.
1. Ram started business with a capital of Rs. 10,000.
2. He purchased goods from Mohan on credit Rs. 2,000.
3. He paid cash to Mohan Rs. 1,000.
4. He sold goods to Suresh Rs. 2,000.
5. He received cash from Suresh Rs. 3,000.
6. He further purchased goods from Mohan Rs. 2,000.
7. He paid cash to Mohan Rs. 1,000.
8. He further sold goods to Suresh Rs. 2,000.
9. He received cash from Suresh Rs. 1,000.
3. Calculate the amount of Salary to be shown in the P&L Account for the year ended 31st March
2013 from the following information:
(a) Salary paid as per trial balance 63,000
(b) Salary unpaid on 31.3.2012 6,000
(c) Salary Prepaid on 31.3.2012 5,000
(d) Salary unpaid on 31.3.2013 7,000
(e) Salary prepaid on 31.3.2013 8,000