Example-1 Write the following transaction in the journal of Mr. Chetan and also post them in the ledger.

Prepare Trial Balance on the basis of closing balance of the various accounts. May 1 Started business with Rs. 10000 cash and Furniture worth Rs .8000 May 2 Weight Scale purchase worth Rs. 1000 May 3 Rs. 400 paid for advertisement May 4 Goods worth Rs. 5000 purchased on 10 % trade discount from Vishal May 5 Goods sold to Vimal worth Rs 6000 adding 20% profit with 10 % trade discount. May 6 Rs. 60 paid for carriage inward & Rs. 50 paid for wages May 7 Opened a Bank account with SBI with Rs. 6000 May 8 Cheque given to Jinesh Rs. 1500 May 9 Cash Received from Rinkesh Rs. 8000 and also cheque received of Rs. 1500 which is deposited in Bank May 10 Furniture purchased from Novelty furniture worth Rs. 5000 May 12 Goods worth Rs. 4000 sold to Jatin on 10% trade discount May 15 Goods purchased from Sandhya Rs. 2000 on cash. Example-2 Journalize the following transaction in the books of Mr. Krishna and also prepare ledger as well as trial balance from that transaction. August 1. Started business with a capital of Rs. 7500 2. Opened a Bank account with SBI for Rs. 2000 3. Paid Commission to Mr. Raghunandan Rs.300 4. Purchased goods from Mr. Smith Rs. 1000 for Cash 5. Purchased goods from Mr. Sagar for Rs. 2000 6. Goods returned to Mr. Sagar Rs. 500 7. Paid to Mr. Sagar Rs.1400 in full settlement of account 8. Interest received on investment Rs.400 9. Paid rent to landlord Rs. 500 10. withdrew cash for the household expenses amounted to Rs. 600 11. Sold goods to Sarang for Cash Rs. 2500 12. Goods purchased from Manish & company worth Rs. 3450 13. Goods returned to Manish & Company worth Rs. 650 14. Cash paid to Manish & company for full settlement of account. 15. Carriage inward expenses paid Rs.230 16. Purchased furniture worth Rs.799 for office decoration. Example-3 Record the followings transaction in the books of Paras Sharma. Prepare ledger and trail balance for him also. April 2009 1. He started a Business of Clothes with cash of Rs. 100000

2. 3. 4. 5. 6. 7.

Opened a bank account with additional capital of Rs. 10000 Purchased clothe of Siyaram & Company for cash of Rs.10000 Goods sold to Abbasali worth Rs.7000 Purchased clothe of Raymond for Rs. 20000 from Ashok &sons Goods returned by Abbasali woth Rs. 800 Account payee cheque of Rs.6000 received from Abbasali in full settlement of account . 8. Cheque given to Ashok & sons for Rs.12000 9. Goods returned to Ashok & sons worth Rs.3500 because of defect 10. Cash of Rs 4000 paid to Ashok & Sons for full settlement of account 11. Railway fare of Rs. 645 given to Salesman who has traveled for business purpose. 12. Clothe of Rs. 750 used by son of Mr. Paras 13. Sample of clothe provided to Mr. Vijay worth Rs.345 14. Computer purchased for the usage of son for which payment of Rs. 12000 done. 15. Cheque received from Rajni for Rs. 5600 which is deposited in bank. Example 4 Record the following transactions in the books of Mr. Saumil Pancholi and prepare ledger & trial balance Noember 2010 Opening balance for cash is Rs. 33000, for capital Rs 45500, for Bank Rs. 12500 2. Bring a computer as a Additional capital worth Rs, 19999 4. Goods Rs. 10000 purchased from Manan . 7. Goods sold to Raman worth Rs. 12000 on 10% trade discount 10. Goods returned from Raman worth Rs. 950 11. Cheque deposited which is received from Raman for full payment 15. Rs. 700 given in the Krishna Janmotsav celebration 19. Cash paid to Manan Rs. 4500 21. Goods purchased from Manan for Rs. 12000 22. Goods returned Manan worth Rs. 880 23. Full payment done to Manan with cheque .He allowed discount of Rs. 450 on paymetnt. 24. Machinery worth Rs.3500 purchased from Shyamlal by giving Cheque. 28. Salary to salesman paid Rs. 2000 30. Interest on capital provided Rs.550 which is withdrawn by Saumil and the amount is provided in charity. Example -5 Prepare journal, ledger & trial balance from the following transaction March 2008 1. Started Business with cash of Rs. 20000 and bank loan of 10000 2. Goods worth Rs. 4500 purchased from Rasila

3. 2 fan purchased (each costing Rs.750) 4. Expense paid towards preparation of invoice books Rs. 250 5. Goods sold for cash of Rs. 6000 6. Goods worth Rs 4200 purchased 7. Opened a bank account by depositing Rs. 1100 8. Goods sold to Ankhil worth Rs. 2000 9. Cheque received (bearer) from Ankhil Rs. 1000 10. Goods Returned by Ankhil Rs.300 11. Goods Purchased From Hariprasad Rs. 2500 on trade discount 12. Ankhil was declared insolvent so now no dividend is going to be received. 13. Cash paid Rs. 2000 to Hariprasad for full settlement of his account. 14. Account payee cheque received from Vallabh Kumar Rs.1500. 15. Interest on loan paid in cash Rs. 700.