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Sheet2
Prepare Journal, Ledger in the books of M/s.Flame for the period Jan 2017 and Trial Balance as on date.
Journal Entries in the books of M/s.Flame Enterprises for the period January 2017
Journal Sum
Pass journal entries for the transactions incureed by messrs A2 enterprises
1) 3/1/2017 Mr.Flame started a business with cash 10,00,000
2) 5/1/2017 deposited rs 1,00,000 into the bank
3)10/1/2017 puchased land and buildings worth rs 4,00,000
4) 12/1/2017 purchased goods for cash 50,000
5) 13/1/2017 purchased goods from Mr.Hari for rs 1,00,000
6)20/1/2017 paid electricity charges 5000
7) 22/1/2017 sold goods for 5,00,000
8) 23/1/2017 sold goods to Ms.Deepika for 1,00,000
9) 27/1/2017 paid on account Mr.Hari 20,000
received from Deepika on account 50,000
deposited into bank the amount which is received from Deepika
10)28/1/2017 Withdrew from bank for office use 40,000
11)31/1/2017 Paid wages 10,000 and salary 20,000

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Date Name of the Account Debit Amount Rs.P. Date Name of the Account
3.1.2017 Cash 900,000 3.1.2017 Flame's Capital
5.1.2017 Bank 100,000 5.1.2017 Cash
10.1.2017 Land & Building 400,000 10.1.2017 Cash
12.1.2017 Purchases 50,000 12.1.2017 Cash
13.1.2017 Purchases 100,000 13.1.2017 Hari
20.1.2017 Electricity charges 5,000 20.1.2017 Cash
22.1.2017 Cash 500,000 22.1.2017 Sales
23.1.2017 Deepika 100,000 23.1.2017 Sales
27.1.2017 Hari 20,000 27.1.2017 Cash
27.1.2017 Cash 50,000 27.1.2017 Deepika
27.1.2017 Bank 50,000 27.1.2017 Cash
28.1.2017 Cash 40,000 28.1.2017 Bank
31.1.2017 Wages 10,000 31.1.2017 Cash
31.1.2018 Salaries 20,000 31.1.2018 Cash

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Credit Amount Rs.P. Narration
900,000 Flame started biz with cash
100,000 Deposited cash into Bank
400,000 Purchased L&B
50,000 Purchased materials with cash
100,000 Purchased materials on credit from Hari
5,000 Paid Electricity charges
500,000 Cash sale made
100,000 Credit sale made to Deepika
20,000 Partly paid to Hari on account
50,000 Partly received from Deepika on account
50,000 Deposited cash into Bank
40,000 Withdrew from bank
10,000 Paid wages
20,000 Paid salaries

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 Table 2
S.NO name of the ledger account debit amount Rs.p. credit amount Rs.p.
1 cash 1490000 655000
2 flames capital 0 900000
3 bank 150000 40000
4 land &building 400000 0
5 purchase 150000 0
6 hari 100000
7 electricity charges 0
8 sales 600000
9 deepika 50000
10 wages 0
11 salaries 0
12 total 0

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net balance of ledger rs.p. side of balance

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 Q.1.) The following were the balances taken out from the books of Mr. N. Narayanan as on 31st March 2002

Particulars Rs. P.
Taxes and Insurance 2,240
Plant and machinery 50,000
Creditors 15,840
Wages 13,560
Bad Debts 784
Land and Buildings 27,680
General Charges 2,000
Salaries 5,726
Advertisements 7,600
Debtors 16,000
Rent Received 1,146
Sales 150,000
Cash in Hand 1,020
Purchases 126,440
Opening stock 50,000
Narayanan's Loan 20,000
Motor Lorry 6,500
Carriage on Purchases 4,600
Capital 158,800
Repairs and Replacements 2,400
Drawings 12,600
Allowance from Creditors 4,800
Stock on Coal 4,000
Coal Consumed 13,436
Cash at Bank 4,000

The value of stock on 31st March 2002 was Rs. 60,000 . Prepare Trading and Profit and Loss Account for the year ended 31st M
Closing Stock 60,000

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ut from the books of Mr. N. Narayanan as on 31st March 2002

epare Trading and Profit and Loss Account for the year ended 31st March 2002 and a balance Sheet as on that date.