Page 153 - Office Practice and Accounting -9

e. Sold goods on credit for Rs 10,000
f. Cash paid to Deepa Rs 4,500 in full settlement

g. Cash received from debtors Rs 4,500 in full settlement of Rs. 4600
h. Payment of loan installment Rs.24000

11. Journalize the following transactions and post them into necessary
ledger.
2071 Mangsir 1 Commenced a business with capital of Rs. 120000 in cash
computer of Rs. 30,000
2071 Mangsir 3 Sold goods to Anish Rs. 2,000
2071 Mangsir 4 Arun, who owned Rs. 1,000, became unsolved and his acoount
written off as bad debt
2071 Mangsir 5 Received from Anish Rs. 1,800 in full settlement

2071 Mangsir 7 Goods distributed as free sample Rs. 1,000
2071 Mangsir 8 Old furniture sold for cash Rs. 1,500
2071 Mangsir 9 Purchased goods for Rs. 10,000, from Suresh and made partial
payment of Rs. 6,000 only
2071 Mangsir 10 Received Rs. 1,000 from Ram which was earlier written off as
bad debt

12. Prerare necessary ledger from the following transactions in the books
of XYZ Ltd.
Asoj 1 : Panday started business with cash Rs. 2,50,000
Asoj 3 : He deposited cash in to the bank Rs. 10,000.
Asoj 5 : Purchased goods for cash Rs. 5,000
Asoj 8 : Sold goods for cash Rs. 4000
Asoj 10 : Furniture purchased for Rs. 5,000 and paid through cheque
Asoj 12 : Sold goods to Bhuwan Rs. 2000
Asoj 14 : Purchased goods from Dhruba Rs. 1,000
Asoj 15 : Goods returned to Dhruba Rs. 500
Asoj 16 : Received from Bhuwan Rs 1,800 in full settlement
Asoj 18 : Withdrew goods for personal use Rs 1,000
Asoj 20 : Drawn cash from business for personal use Rs 2,000
Asoj 22 : Paid telephone charges Rs 500
Asoj 23 : Cash paid to Dhruba Rs 400 in full settlement
Asoj 25 : Paid for stationery Rs7200, rent Rs 500 and salaries to staff Rs
1,000

Office Practice and Accounting 9 149