Problem no: 1
1. Started business with Cash Rs 25000/-, Furniture Rs 20000 and Building Rs. 25000
2. Purchase goods from Mr.x for cash Rs. 10000/-
3. Sold goods to Mr.y for cash Rs. 12000/-
4. Purchased goods from mandar on credit Rs. 5000/-
5. Sold goods on credit Rs. 7000/-
6. Purchase machinery for cash Rs. 10000/-
7. Opened a bank account in Bank of India with Rs.5000/-
8. Taken a loan from Janata bank Rs. 25000/-
9. Purchased goods from Mr.x on credit Rs. 10000/-
10. Sold goods to Mr.y on credit Rs. 15000/-
11. Received bills receivable from Mr.y Rs.15000/-
12. Issued bills payble to Mr.x Rs. 10000/-
13. Return goods to mandar Rs 1000/-
14 Received goods retum by sanjay Rs. 2000/-
15 withdrawn from bank Rs 2000/
16. Paid salary Rs. 4000/-and wages Rs. 2000 in cash
17. Received commission Rs. 3000/-
18 Paid electricity charges by theque Rs. 1000/-
Problem no: 2
1. Started business with cash Rs. 500,000/-
2. When started business the Ram, Ramu, and Ramesh involves the fixed asset like Land, Plant and
Furniture respectively Rs. 300000/-, Rs 200000, Rs 100000/-
3. Cash deposited into pdc bank Rs.120000/-
4. Purchase Building Rs. 55000 and Machinery Rs.60000/-
5. Purchase good from Sameer traders Rs.25000/-
6. Sold goods to Mr. Avinash Enterprises Rs. 35000/-
7. Paid re Rs. 11000/- to Mr Shah.
8. Cheque issue to Mr. Sameer Rs. 12000/-
9. Received cheque from Avinash Rs.35000/-
10. Withdrawn from PDC bank Rs. 7000/-
11. Taken loan from Mahalaxmi bank Rs.175000/-for buying land.
12. Received bill receivable from mandar Rs 120004
13. Issued bills payble to Mr. Rakesh Rs 25000
14. Paid salary Rs 12000/- Mr. anil
15. Purchase return to sameer Rs. 2000/-
16. Sales return from Avinash Rs. 1500/-
17. Depreciation to be charge on machinery 10% 18. Salary Rs.15000/- for Rahul
Problem no: 3
1 Mr. Ram start business with Rs. 200/000/- and deposited into bank Rs. 40000/-
2. Paid for office building Rs. 5000/- and fumiture Rs. 10000/-
3. Purchased raw material Rs. 10000 on credit from Avinash
4 Paid wages Rs. 2000/-
5. Paid salary Rs 10000/-
6. Return money to Mr . Avinashin settlement of Rs 9500/-
7. Sold goods to Mr. shekhar 15000/-
8 .Received interest on bank account Rs 500/-
9. Received from Mr. Shekhar after discount of Rs.500/-
10. Sold old News paper Rs.450/-
11 Sold old furniture Rs.4000/-
Problem No: 4
1. Started a business with cash Rs.500000/-
2. Deposited cash in SBI Rs.15000/-
3. Paid salary Rs.5000/- to Mrs.Amisha.
4. Purchased goods from Swan Enterprises Rs.45000/- on credit
5. Sold goods to Y company of Rs.75000/- on credit
6. Return goods to Swan Enterprises Rs.5000/-
7. Received goods from Y company.
8. Purchased Machinery from Manisha Enterprises on credit Rs.40000/-
9. Commission Received to cash Rs.2000/-
10. Cash withdrawn from SBI bank Rs.5000/-
Problem No: 5
1. Started business with cash Rs.2000/-
2. Purchased goods worth Rs.5000/- on credit from “X”
3. Sold goods worth Rs.3000/- to “Y” on credit.
4. Opened a bank account with State Bank of India by depositing Rs.2000/-
5. Paid salary RS.1000/- in cash to Ramesh
6. Received a cheque of Rs.3000/- from “Y”
7. Received commission from Ankit Rs.2000/-
8. Paid rent Rs.500/-
9. Withdrawn from bank Rs.1000/-
10. Issued a cheque of Rs.4000/- to “X”
11. Closing stock Rs.2000/-
Problem No. : 6
1. Herambh started a business with cash Rs.71000/-
2. Purchased goods from Mehesh Rs.20000/-
3. Deposited cash into a bank Rs.30000/-
4. Sold goods to Dhanraj Rs.25000/- on credit
5. Purchased furniture of Rs.10000/- for cash
6. Paid to Mahesh by cheque for Rs.10000/-
7. Received a bearer cheque for Rs.15000/- from Dhanraj
8. Paid salary by cheque Rs.4000/-
Problem No. :7
1. Started business with cash Rs.200000/- goods worth Rs.10000/- and Computer Rs.20000/-
2. Paid into Dena bank Rs.10000
3. Bought goods on credit from Mona Rs.8000/- at 5% Trade Discount
4. Sold goods to Nayana of Rs.8000/- at 5% trade discount
5. Goods worth Rs.1050/- burnt by fire
6. Received cash of Rs.7500/- from Nayana in full settlement of her account
7. Draw from bank Rs.5000/- for his personal purpose
8. Paid cash of Rs.7400/- to Mona in full settlement of her account
9. Paid house rent Rs.2000/-
10. Sold goods worth Rs.10000/- to Divakar who paid us Rs.6000/- on account
11. Paid for postage and telegram Rs.5000/-
Problem No. 8
1. Shri Amey started a business with cash Rs.81000/-, Building Rs.100000/- and borrowed from
Rs.25000/-
2. Paid cash in to Bank of India Rs.90000/-
3. Purchased furniture from Manik and issued him a cheque Rs.6000/-
4. Credit purchased from shinde Rs.15000 less 4% Trade Discount
5. Return goods to Shinde Rs.150/-
6. Cash sales Rs.45000/-
7. Credit sales to Ashok Rs.3000/- less Trade Discount 2%
8. Ashok returned goods of Rs.294/-
9. Goods Taken for personal use Rs.300/-
10. Paid postage Rs.100/- and electricity bill of Rs.600/-
11. Sent a telegram of Rs.30/- to Shinde to supply goods of Rs.7500/- immediately
12. Purchased Computer & Printer of Rs.25000/- from Kewal and in part payment gave him cash
13. Paid life insurance premium on life of Amey oh Rs.3000/-
14. Paid telephone deposite for new telephone connection by cheque Rs.2000/-
15. Paid for travelling expenses Rs.3000/-
Problem No: 9
1. Commenced business with cash Rs.50000/- and furniture Rs.20000
2. Opened a current account in bank of Maharashtra by depositing Rs.40000
3. Purchased ststionery of Rs.100/-
4. Goods purchased from Neha Rs.10000/-
5. Gave a cheque of Rs.10000/- to Neha
6. Sold goods to Manish of Rs.15000/-
7. Received a bearer cheque for Rs.14500/- from our debtor Manish in full settlement of him
8. Gave a loan to Sumit by cheque Rs.4000 at 12% interest p.a.
9. Bought Computer (Laptop) of Rs.18000/- in exchange of goods costing Rs.20000 at 10% from
Pandit and company
10. Purchased Printer of Rs.9000/- from HP Ltd. Paying half Amount in cash
11. Uninsured goods worth Rs.500/- destroyed by fire
12. Paid salary to Mahesh by Cheque Rs.2000/-
Problem No: 10
1. Mr. Mehta received Rs.40000/- from his Uncle as a gift and deposited the same in to SBI account
of Business
2. Purchased goods of Rs.11000 from Mohan.
3. Sold goods of credit to Sohan for Rs.15000/-
4. Goods of RS.400/- being defective returned by sohan
5. Remitted cash to Mohan Rs.10600/- and received discount Rs.400/-
6. Bought Machinery from Kiran Scientific Company Rs.20000/- and half the amount paid in cash
7. Paid for repaires of above machinery Rs.200/-
8. Placed an order with M/s Mahavir & Sons for supply of goods Rs.10000/-
9. Purchased a horse for Rs.8000/- and paid carriage charges Rs.200
10. Withdrawn from bank Rs.4000/- for personal use.
11. Amount due from bank Paresh Rs.750/- is proved to be irrecoverable and has to be wirrten off
12. Execution of order placed on 19th August 2011 & amount paid in cash
13. Paid for sales Literature Rs.1000/-
14. Paid for conveyance Expenses Rs.100/-
Problem No: 11
1. Mr. Mehata started business with cash Rs.8000/-
2. Cash sales Rs.3000/-
3. Goods purchased for cash Rs.2000/-
4. Paid salaries Rs.500/
5. Purchased Machinery on credit from Sanjay Traders Rs.17000/-
6. Paid cash to Sanjay Traders Rs.5000
Problem No: 12
1. Started Business with cash Rs.50000/-
2. Deposited in bank A/c Rs.1000/-
3. Purchase computer Rs.30000/-
4. Purchased goods from Krishna on credit Rs.5000/-
5. Goods sold to Hari Rs.2000/-
6. Furniture purchased from Ram on credit Rs.10000/-
7. Commission received Rs.2000/-
8. Rent paid Rs.500/-
9. Salary paid Rs.500/-
10. Amount received from Hari Rs1000/-
