Enter the following Transactions in the Journal of Mudit : 2017
Jan.01 Commenced business with cash 1,75,000
Jan.01 Building 1,00,000
Jan.02 Goods purchased for cash 75,000
Jan.03 Sold goods to Ramesh 30,000
Jan.04 Paid wages 500
Jan.06 Sold goods for cash 10,000
Jan.10 Paid for trade expenses 700
Jan.12 Cash received from Ramesh 29,500 Discount allowed 500
Jan.14 Goods purchased for Sudhir 27,000
Jan.18 Cartage paid 1,000
Jan.20 Drew cash for personal use 5,000
Jan.22 Goods use for house hold 2,000
Jan.25 Cash paid to Sudhir 26,700 Discount allowed 300

Journalise the following transactions is the journal of M/s Goel Brothers and post them to the ledger. Jan. 01 Started business with cash 1,65,000 Jan. 02 Opened bank account in PNB 80,000 Jan. 04 Goods purchased from Tara 22,000 Jan. 05 Goods purchased for cash 30,000 Jan. 08 Goods sold to Naman 12,000 Jan. 10 Cash paid to Tara 22,000 Jan.15 Cash received from Naman 11700 Discount allowed 300 Jan. 16 Paid wages 200 Jan. 18 Furniture purchased for office use 5,000 Jan. 20 withdrawn from bank for personal use 4,000 Jan. 22 Issued cheque for rent 3,000 Jan. 23 goods issued for house hold purpose 2,000 Jan. 24 drawn cash from bank for office use 6,000 Jan. 26 Commission received 1,000 Jan. 27 Bank charges 200 Jan. 28 Cheque given for insurance premium 3,000 Jan. 29 Paid salary 7,000 Jan. 30 Cash sales 10,000

Journalise the following transactions in the books of Himanshu: Dec.01 Business started with cash 75,000 Dec.07 Purchased goods for cash 10,000 Dec.09 Sold goods to Swati 5,000 Dec.12 Purchased furniture 3,000 Dec.18 Cash received from Swati In full settlement 4,000 Dec.25 Paid rent 1,000 Dec.30 Paid salary 1,500

On 1st April 2017, sold goods for cash Rs. 20,000. Pass Journal entry and post it into Ledger.

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

Journalise the following transactions, post to the ledger: Nov. 01 Business started with (i) Cash 1,50,000 (ii) Goods 50,000 Nov. 03 Purchased goods from Harish 30,000 Nov. 05 Sold goods for cash 12,000 Nov. 08 Purchase furniture for cash 5,000 Nov. 10 Cash paid to Harish on account 15,000 Nov. 13 Paid sundry expenses 200 Nov. 15 Cash sales 15,000 Nov. 18 Deposited into bank 5,000 Nov. 20 Drew cash for personal use 1,000 Nov. 22 Cash paid to Harish in full settlement of account 14,700 Nov. 25 Good sold to Nitesh 7,000 Nov. 26 Cartage paid 200 Nov. 27 Rent paid 1,500 Nov. 29 Received cash from Nitesh 6,800 Discount allowed 200 Nov. 30 Salary paid 3,000

Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions 1. Commenced business with cash 1,10,000 2. Opened bank account with H.D.F.C. 50,000 3. Purchased furniture 20,000 7. Bought goods for cash from M/s Rupa Traders 30,000 8. Purchased good from M/s Hema Traders 42,000 10. Sold goods for cash 30,000 14. Sold goods on credit to M/s. Gupta Traders 12,000 16. Rent paid 4,000 18. Paid trade expenses 1,000 20. Received cash from Gupta Traders 12,000 22. Goods return to Hema Traders 2,000 23. Cash paid to Hema Traders 40,000 25. Bought postage stamps 100 30. Paid salary to Rishabh 4,000

Journalise the following transactions: Dec. 01 Hema started business with cash 1,00,000 Dec. 02 Open a bank account with SBI 30,000 Dec. 04 Purchased goods from Ashu 20,000 Dec.06 Sold goods to Rahul for cash 15,000 Dec.10 Bought goods from Tara for cash 40,000 Dec.13 Sold goods to Suman 20,000 Dec.16 Received cheque from Suman 19,500 Discount allowed 500 Dec.20 Cheque given to Ashu on account 10,000 Dec.22 Rent paid by cheque 2,000 Dec.23 Deposited into bank 16,000 Dec.25 Machine purchased from Parigya 10,000 Dec.26 Trade expenses 2,000 Dec.28 Cheque issued to Parigya 10,000 Dec.29 Paid telephone expenses by cheque 1,200 Dec.31 Paid salary 4,500