Ledger

Q1. On 1^st April, 2025, Gopal started business with a capital of 50,000. He made the following transactions during the month of April:

Journalise the above transactions and show the respective Ledger accounts.

Solution – Book of Gopal

Journal

Following are the ledger shown in the books of Mohit:

Dr. Cash Account Cr

Dr. Capital Account Cr

Dr. Purchases Account Cr

Dr. Rita’s Account Cr

Dr. Rohit’s Account Cr

Dr. Sales Account Cr

Q2. Madan commenced business on 1^st January, 2025 introducing capital in cash 1, 00,000. His other business transactions during the month were as follows:

Enter the above transactions in his books of account.

Solution – Books of Madan

Journal Entries

Following are the ledger shown in the books of Madan:

Dr. Cash Account Cr

Q3. Journalise the following transactions in Journal of Rakesh, Delhi and post them to the Ledger:

Solution – In the Books of Rakesh

Journal

Following are the ledger shown in the books of Madan:

Q4. Journalise the following transactions in the books of Aftab, Kolkata and post them to the Ledger:

Solution – In the Books of Aftab

Journal

Following are the ledger shown in the books of Afzal, Kolkata:

Q5. Enter the following transactions in the Journal of Karim and post them to the Ledger:

Solution – In the books of M/s Karim

Journal

Q6. Suresh commenced business on 1^st April, 2021 with a capital of 1, 20,000 of which 60,000 was paid into his Bank Account and balance retained as cash. His other business transactions during the month were as follows:

Journalise the above transactions and post them to the Ledger.

Solution – In the Books of Suresh

Journal Entries

Following are the ledgers shown in the books of Suresh.

Q7. Following balances exist in the books of Ashok, Delhi on 1^st April, 2025:

Assets: Cash 50,000, Stock 30,000, Debtor – Ram 50,000, Machinery 60,000.

Liabilities: Creditor – Rajesh 30,000.

Following transactions took place April, 2025:

Pass Journal entries for the above transactions, post them into the Ledger and Prepare the Trial Balance as on 30^th April, 2025.

Solution – In the books of Ashok

Journal Entries

Following are the ledgers shown in the books of Suresh.

Q8. On 1^st April, 2025, the following were Ledger balances of M/s Ram & Co., Delhi:

Cash in Hand 300, Cash at Bank 7,000 , Bills Payable 1,000, Zahir (Dr.) 800, Stock 4,000, Gobind (Cr.) 2,000, Sharma (Dr.) 1,500, Rahul (Cr) 900, Capital 9,700.

Transactions during the month of April, 2025 were: