Page 99 - debkxi
P. 99

14.6                                                   Double Entry Book Keeping—CBSE XI


                     Working Notes:
                     1.                                   JOURNAL
                     Date     Particulars                                          J.F.   Dr. (`)   Cr. (`)
                             Cash A/c                                        ...Dr.       50,000
                                To  Loan A/c                                                       50,000
                             (Received a loan from K.G. Gupta)
                             A. Lal & Co.                                    ...Dr.       20,000
                             Bank A/c                                        ...Dr.       30,000
                                To  Cash A/c                                                       50,000
                             (Payment to creditors ` 20,000 and balance of the loan, i.e.,
                             ` 30,000 deposited into bank)
                             Cash A/c                                        ...Dr.       5,000
                                To  Vijay Sales                                                     5,000
                             (Amount received from debtors)

                             Purchases A/c                                   ...Dr.       20,000
                                To  Vikas Trading Co.                                              20,000
                             (Goods purchased on credit)
                             Amit & Co.                                      ...Dr.       15,000
                                To  Sales A/c                                                      15,000
                             (Goods sold on credit)

                      2.                                   Ledger
                     Dr.                                CASH ACCOUNT                                  Cr.
                      Date     Particulars         J.F.   `    Date     Particulars          J.F.   `
                             To  Loan A/c               50,000          By  A. Lal & Co.           20,000
                             To  Vijay Sales             5,000          By  Bank A/c               30,000
                                                                        By  Balance c/d             5,000
                                                        55,000                                     55,000

                     Dr.                                LOAN ACCOUNT                                  Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                             To  Balance c/d            50,000         By  Cash A/c                50,000
                                                        50,000                                     50,000

                     Dr.                                  A. LAL & CO.                                Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                             To  Cash A/c               20,000          By  Balance b/d            20,000

                     Dr.                                 B. BABU & CO.                                Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                             To  Balance c/d            25,000          By  Balance b/d            25,000
   94   95   96   97   98   99   100   101   102   103   104