Page 52 - debkxi

9.4 Double Entry Book Keeping—CBSE XI

Total b/f 39,000 39,000
Jan. 21 Bank A/c ...Dr. 3 500
To Cash A/c 2 500
(Cash sent to bank)
Jan. 24 Municipal Taxes A/c ...Dr. 17 100
To Cash A/c 2 100
(Amount paid as tax)
Jan. 25 Bank A/c ...Dr. 3 10,000
To Loan from Urania Ltd. A/c 9 10,000
(Amount borrowed from Urania Ltd.)
Jan. 27 Cash A/c ...Dr. 2 20
To Sundry Receipts A/c 18 20
(Income derived by sale of old newspapers)
Jan. 28 Advertisement A/c ...Dr. 19 100
To Cash A/c 2 100
(Advertisements paid for as per bill No. .... dated....)
Jan. 31 Rent A/c ...Dr. 20 150
To Bank A/c 3 150
(Amount paid as rent by cheque No. ....)
Jan. 31 Salaries A/c ...Dr. 22 300
To Cash A/c 2 300
(Salaries paid for the month)
Jan. 31 Drawings A/c ...Dr. 1 250
To Bank A/c 3 250
(Amount drawn out of bank by the proprietor for personal use)
Jan. 31 Cash A/c ...Dr. 2 500
Bad Debts A/c ...Dr. 21 500
To Narain Bros. 7 1,000
(Half the sum due from Narain Bros. received in cash and the other half
written off as being irrecoverable)
Jan. 31 Cash A/c ...Dr. 2 150
To Bad Debts Recovered A/c 21 150
(Sum previously written off as bad debt, now recovered — it is a gain)
Grand Total 51,570 51,570

Notes:
1. Entries in the ‘Folio’ column are imaginary.
2. Narain Bros. is debited with the full amount due; Bank credited with ` 950 because the previous debit had to
be cancelled; Discount Allowed Account credited (because the discount allowed previously will be written
back).
Ledger
Dr. CAPITAL ACCOUNT Cr.
Date Particulars J.F. ` Date Particulars J.F. `
2024 2024
Jan. 31 To Balance c/d 19,000 Jan. 1 By Balance b/d 11 19,000
19,000 19,000
Feb. 1 By Balance b/d 19,000