Balance Sheet and Problem No.

Assignment No. 1
Problem No. – 1
From the following transactions find out which two accounted, types of Accounts, Debited/Credited & Reason for Debit or Credit.
1) Mehta started business with Rs. 8000.
2) Purchased goods for cash Rs. 2800.
3) Purchased furniture from Godrej Company Rs. 1000 for cash.
4) Sold goods to Babubhai on credit Rs. 700.
5) Paid for postage stamps purchased Rs. 30.
6) Sold goods to Nanabhai for cash Rs. 400.
7) Paid to Navakal Rs. 500 for Advertisement.
8) Paid to Kishanchand for salary Rs. 1000.
9) Paid into Bank account Rs. 2500.
10) Withdraw from bank for personal use Rs. 300.
Trial Balance - 9100
Problem No. – 2
From the following transactions find out which two accounted, types of Accounts, Debited/Credited & Reason for Debit or Credit.
1) Started business with Rs. 100000.
2) Purchased goods from Pandurang on credit Rs. 1200.
3) Sold goods for cash Rs.500.
4) Bought goods from Pitambar Rs. 1500 on credit.
5) Rakesh paid commission Rs. 150.
6) Paid to landlord Rs. 2500 for office rent.
7) Paid Rs. 350 for electric bill.
8) Purchased National Savings Certificate Rs. 1000.
9) Paid for brokerage Rs. 500 for purchase of shares.
10) Sold Machinery for cash Rs. 10000.
11) Withdrew Rs. 5000 from business for marriage of a son.
12) Distributed goods worth Rs. 200 as free samples.
13) Received from Anand Rs. 2500.
Trial Balance - 115900
Assignment No. 2

Problem No. – 3

Journalize the Problem No. 1 & Problem No. 2

Problem No. – 4

Journalize the following transactions in the books of Shri. Omprakash Gupta, Nagpur.
2011, January
1. Started business with Rs. 10000.
2. Purchased goods on credit from M/s. Poona Stores Rs. 4000.
4. Purchased machinery for cash Rs. 2000.
5. Sold goods for cash Rs. 700.
7. Sold goods on credit to Shri. Raman Rs. 1500.
10. Purchased goods for cash Rs. 2500.
13. Received from Shri. Raman Rs. 1000 on account.
15.