Page 149 - Office Practice and Accounting -9

3. You are given the following transactions:
a. B.B. Shrestha commenced a business with capital Rs. 10,000

b. Received cash from Kumar Rs. 500
c. Rent due to the owner Rs. 150

Required: Ledger accounts of above transactions
Solution:

Dr Cash Account Cr

Date Particular JF Amount Date Particular JF Amount
a. To Capital A/c 10,000 By Balance c/d 10,500
b. To Kumar A/c 500
10,500 10,500
To Balance b/d 10,500
Dr Rent Account Cr

Date Particular JF Amount Date Particular JF Amount
c. To Rent due A/c 150 By Balance c/d 150
150 150
To Balance b/d 150
Dr Capital Account Cr

Date Particular JF Amount Date Particular JF Amount
To Balance c/d 10,000 c. By Cash A/c 10,000

To Balance b/d 10,000
Dr Outstanding Rent Account Cr

Date Particular JF Amount Date Particular JF Amount
To Balance c/d 150 c. By Rent A/c 150

By Balance b/d 150
Dr Kumar’s Account Cr

Date Particular JF Amount Date Particular JF Amount
To Balance c/d 500 b. By Cash A/c 500

By Balance b/d 500

Office Practice and Accounting 9 145