Page 148 - Office Practice and Accounting -9

2. Post the following transactions into:
a. Capital Account
b. Rent Account
c. Furniture Account and
d. Sarad Trading Concern Account
i. Started business with Rs. 25,000
ii. Purchased furniture for Rs. 1,300.
iii. Purchased goods from Sharda for Rs. 5,000
iv. Purchased goods for Rs. 7,000
v. Sold goods for Rs. 4,000
vi. Sold goods to Sarad Trade Concern for Rs. 6,500
vii. Paid rent Rs. 1300
Solution:

Dr Capital Account Cr

Date Particular JF Amount Date Particular JF Amount
To Balance c/d 25,000 i. By Cash A/c 25,000
25,000 25,000
By Balance b/d 25,000
Dr Rent Account Cr

Date Particular JF Amount Date Particular JF Amount
To Cash A/c 1,300 By Balance c/d 1,300
ii. 1,300 1,300
To Balance b/d 1,300
Dr Cash Account Cr

Date Particular JF Amount Date Particular JF Amount
i. To Capital A/c 25,000 ii. By Furniture A/c 1300
v. To Sales 4,000 iv. By Purchase A/c 7,000
vii. By Rent A/c 1300

By Balance c/d 19,400
29,000 29,000
To Balance b/d 19,400
Dr Sarad Trading Concern’s Account Cr

Date Particular JF Amount Date Particular JF Amount
vi. To Sales A/c 6,500 By Balance c/d 6,500
6,500 6,500
To Balance b/d 6,500

144 Office Practice and Accounting 9