Voucher Sums
Sum1: Record the following transactions of Amar Constructions for financial year 2000-01
2000
Apr 1 Amar Started business with capital Rs. 20,000
Apr 2 Opened bank account with Rs. 15,000
May 1 Goods purchased from Vihari for Rs. 7,000
May 31 Purchased Xerox Machine for Rs. 2,000
Jun 2 Sold goods on credit to Chandu worth Rs. 1,500
Jul 31 Purchased goods on cash for Rs. 1,000
Aug 2 Cash sales to Sunil worth Rs. 1,000
Sep 1 Purchased machinery and payment made by cheque Rs. 6,500;
Rs. 200 spent on installation
Oct 31 Paid Rent to Hari Rs. 100
Nov2 Paid Salaries Rs. 150
Dec 31 Drawings Rs. 500
2001
Mar 31 Bank credited towards interest Rs. 50
Solution: Click here
Video Solution: Click Here
Sum2: Record the following transactions of Arun Icecreams for the year 2014-15
2014
Apr 1 Arun started business with Rs. 10,000
Apr 2 Bought furniture for Rs. 500 from Shyam Furniture Co.
May 31 Bought Goods for Rs. 3,000 from Ram
Jun 2 Purchased from Suman&Co Rs. 2,000
Jul 31 Sold goods to Mr. Raju for Rs. 10,500
Aug 31 Paid salaries Rs. 1000
Nov 2 Paid to Shyam Furniture co. Rs. 500
Dec 31 Paid Suman &Co Rs. 1500 in full settlement of their dues Rs. 2000
2015
Feb 2 Received in cash the dividends Rs. 300
Solution: Click here
Video Solution: Click here
Sum3: Record the following transactions for Ram Home Needs for the year 2014-15
2014
Jun 1 Ramu commenced business with cash Rs. 20000
Jun 2 He bought goods for cash Rs. 10000
Jul 31 bought furniture Rs. 2000
Aug 2 deposited into bank Rs. 5000
Sep 2 sold goods in cash Rs. 18000
Oct 31 withdrawn cash for personal use Rs. 500
Nov 1 paid commission Rs. 200
Dec 2 paid rent Rs. 200
2015
Jan 2 Paid salaries Rs. 200
Solution: Click Here
Video Solution: Click Here
Sum4) record the following transaction of Uday (P) Ltd for the year 2013-14
2013
Apr 1 Uday Started Business with Rs. 1,00,000/- by way of bank cheque
May 1 He withdrew from bank Rs. 70,000/-
Jun 2 Purchased material for business Rs. 10,000/-
Aug 1 Bought material Rs. 20,000/- on credit from Ramesh
Sep 1 General Expenses Paid Rs. 5000/-
Oct 1 Purchased machinery from Krishna worth Rs. 30,000/- and paid to him by way of cheque.
Oct 2 Cash Sales Rs. 50,000/-
Nov 1 Carraige Inwards Rs. 2000/-
Dec 1 Printing &Stationary Rs. 1,000/-
Dec 2 Production Wages Rs. 5,000/-
Dec 2 Insurance paid Rs. 3,000/-
Dec 31 Sold goods to Venkat on credit Rs. 50,000/-
Dec 31 Paid Salaries Rs. 2,000/-
2014
Mar 1 Recovered cash from Venkat Rs. 49,000/- and discount allowed Rs. 1,000/-
Mar 31 Trade Expense Rs. 2,000/-
Mar 31 Power &Fuel Rs. 1,000/-
Solution: Click Here
Sum 5) Record the following transactions of NewWay & Co for the financial year 2017-18
Opening balances of various ledgers as on 1-8-2017
Capital Rs. 1,40,000/-; cash in hand Rs. 50,000/-; Bank a/c: Rs. 20,000/-; Plant: Rs. 1,50,000/-, stock: 25,000/-; creditors: 60000 (Srinivas: 50,000/-,Akhil: 10,000/-); debtors : 1,50,000/-(Anand: 50,000/-,Murthy: 1,00,000/-); purchases: 55,000/-; Sales: 2,50,000/-
The transactions to be recorded:
Aug 2 received cash from Anand Rs. 5,000/-
Aug 31 paid to Srinivas for goods purchased on this day Rs. 3,000/-
Sep 1 paid into bank Rs. 1,000/-
Sep 2 received from cash sales 9,000/-
Oct 1 paid for cash purchases Rs. 4,000/-
Oct 2 withdraw for personal use Rs. 1,000/-
Oct 31 received from Murthy Rs. 50000
Nov1 drawn from bank for office use Rs. 1,000/-
Nov 2 received from Anand Rs. 5,000/-
Dec 1 paid to Srinivas Rs. 5,500/-
Dec 2 paid rent Rs. 600/-
Dec 31 paid cash towards advertisement Rs. 500/-
Mar 2 paid salaries to staff Rs. 1,000/-
Mar 31 paid to Akhil Rs. 10,000/-
Solution: Click here
Video Solution: Click Here