From the following transactions prepare necessary ledger accounts in the books of vinay and balance the same.
2019 Jan.
1. Started business with cash Rs. 10,000.
6. Bought goods from Vikas Rs. 3,000.
9. Sold goods to Bhushan Rs. 2,4000.
12. Paid to Vikas on account Rs. 1,600.
19. Received on account from Bhushan Rs. 1,000.
25. cash purchases Rs. 3,600.
30. Cash sales Rs. 5,000.
31. Paid wages Rs. 400.
Solution:
In the books of Vinay
Cash Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019
Jan.
1
To Capital A/c

10,000
2019
Jan.
12
By Vikas A/c

1,600
19
To Bhushan A/c

1,000
25
By Purchase A/c

3,600
30
To Sales A/c

5,000
31
By Wages A/c

400

31
By Balance c/d

10,400

16,000

16,000
Feb.
1
To Balance b/d

10,400

Vinay's Capital Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019
Jan.
31
To balance b/d

10,000
2019
Jan. 1
By cash A/c

10,000

10,000

10,000

Feb.
1
By Balance c/d

10,000

Purchase Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019
Jan. 6
To Vikas A/c

3,000
2019

25
To Cash A/c

3,600
Jan. 31
By Balance c/d

6,600

6,600

6,600
Feb. 1
To Balance b/d

6,600

Vikas Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019
Jan. 12
To Vikas A/c

1,600
2019
Jan.
6
By Purchase A/c

3,000
31
To Balance b/d

1,400

3,000

3,000

Feb.
1
By Balance c/d

1,400

Sales Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt

2019Jan. 9
By Bhushan A/c

2,400
31
To Balance b/d

7,400
30
By Cash A/c

5,000

7,400

7,400

Feb. 1
By Balance c/d

7,400

Bhushan Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019
Jan.9
To Sales A/c

2,400
2019Jan.
19
By Cash A/c

1,000

31
By Balance c/d

1,400

2,400

2,400
Feb. 1
To Balance b/d

1,400

Wages Account
Date
Particulars
J.F
Amt
Date
Particulars
J.F
Amt
2019 Jan. 31
To cash A/c

400
2019 Jan. 31
By Balance c/d

400

400

400
Feb.1
To Balance b/d

400

From the following transactions prepare necessary ledger accounts in the books of vinay and balance the same.

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