Question 15 of 22
Q.
(a) Enter the following transactions in the books of Ganesan and post them into ledger.
| Date | Particulars | ₹ |
|---|---|---|
| Oct. 1 | Started business with cash | 25,000 |
| Oct. 5 | Deposited into bank | 12,500 |
| Oct. 10 | Purchased furniture and payment by cheque | 2,000 |
| Oct. 15 | Goods purchased for cash | 5,000 |
| Oct. 19 | Sold goods to Vasu on credit | 4,000 |
| Oct. 22 | Goods worth ₹ 500 taken for personal use. |
OR
(b) Classify the following items into capital and revenue.
- Sale proceeds of goods ₹ 75,000
- Loan borrowed from bank ₹ 2,50,000
- Sale of investment ₹ 1,20,000
- Commission received ₹ 30,000
- ₹ 14,000 wages paid in connection with the erection of new machinery.
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2023Subjective· 5mImportance★★★★★
68% · 15/22 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →(a) Journalise and post Ganesan's transactions, balancing each ledger account (Cash ₹7,500, Bank ₹10,500, etc.). (b) Classify five items: revenue, capital, capital, revenue, capital expenditure.
(a) Journal of Ganesan — October
| Date | Particulars | L.F. | Debit ₹ | Credit ₹ |
|---|---|---|---|---|
| Oct 1 | Cash A/c Dr | 25,000 | ||
| To Capital A/c | 25,000 | |||
| Oct 5 | Bank A/c Dr | 12,500 | ||
| To Cash A/c | 12,500 | |||
| Oct 10 | Furniture A/c Dr | 2,000 | ||
| To Bank A/c | 2,000 | |||
| Oct 15 | Purchases A/c Dr | 5,000 | ||
| To Cash A/c | 5,000 | |||
| Oct 19 | Vasu A/c Dr | 4,000 | ||
| To Sales A/c | 4,000 | |||
| Oct 22 | Drawings A/c Dr | 500 | ||
| To Purchases A/c | 500 |
Ledger accounts
Cash A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Capital A/c | 25,000 | By Bank A/c | 12,500 |
| By Purchases A/c | 5,000 | ||
| By Balance c/d | 7,500 | ||
| Total | 25,000 | Total | 25,000 |
Capital A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Balance c/d | 25,000 | By Cash A/c | 25,000 |
Bank A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Cash A/c | 12,500 | By Furniture A/c | 2,000 |
| By Balance c/d | 10,500 | ||
| Total | 12,500 | Total | 12,500 |
Furniture A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Bank A/c | 2,000 | By Balance c/d | 2,000 |
Purchases A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Cash A/c | 5,000 | By Drawings A/c | 500 |
| By Balance c/d | 4,500 | ||
| Total | 5,000 | Total | 5,000 |
Sales A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Balance c/d | 4,000 | By Vasu A/c | 4,000 |
Vasu A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Sales A/c | 4,000 | By Balance c/d | 4,000 |
Drawings A/c
| Dr Particulars | ₹ | Cr Particulars | ₹ |
|---|---|---|---|
| To Purchases A/c | 500 | By Balance c/d | 500 |
| … |
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.