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Ca TOm Maan San nae |, , € _ Book-keeping & Accountan, , , , aA, , Illustration 14, , The following balances appeared in the ledger of Karan on Ist January 2018., , , , , , Debit balances | Amount () Credit Balances | Amount (%), Cash Account 60,000 Karan's Capital A/.c 2,00,000, Purchases Account 80,000 Sales A/c 40,000, Bank of Maharashtra A/c 1,00,000, , , , , , , , January 5 Bought goods from Rushi = 10,000., 10 Drew from Bank % 20,000 for office and % 6,000 for self use., 17 Return goods to Rushi 2,000., 19 Cash Purchases % 14,000., 22 ~~ Cash Sales = 20,000., 26 Deposited into Bank & 16,000., 28 Interest collected by Bank % 7,000 on our behalf., , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Solution :, Journal entries, Date Particulars LE. Pasi: ® tes, 2018, Jan. 1 | Purchases A/c Dr. 10,000, To Rushi's A/c, (Being goods purchased on credit ), | 10 | Cash Ale Dr. 20,000, Karan's Drawings A/c Dr. 6,000, To Bank of Maharashtra's A/c, (Being Amount withdrawn for personal use and, office use.), 17, Rushi's A/c Dr. 2,000, To Purchases Return A/c, (Being goods returned to Rushi ), 19 Purchases A/c Dr. 14,000, To Cash A/c, (Being goods purchased for cash), 22 (| Cash A/c Dr. 20,000, To Sales A/c 20,000, (Being goods sold for cash), 26 Bank of Maharashtra's A/c Dr. 16,000, To Cash A/c 16,000, (Being cash deposited into bank), 28 | Bank of Mahrarashtra A/c Dr. 7,000, , To Interest A/c, (Being interest collected by bank on our behalf), , , , , , | Total | | 95,000 95,000, , , , T edoer Accaunts +, , II O <