Question

46. Journalise the following transactions in the books of Chatterjee \& Co., post them into Ledger and prepare a Trial Balance : 2017 Feb. 1 Started business with cash 2 Deposited into bank 4 Purchased from A. Sinha on credit 6 Bought office furniture for cash 7 Paid A. Sinha a cheque in full settlement of the account 10 Cash purchases 12 Sold goods to B. Sen on credit 15 Goods returned by B. Sen 20 B. Sen became bankrupt and he pays 25 paise per rupee 25 Withdrew from bank for business purpose \( ₹ \) 8,000 5,000 2,000 500 1,800 600 4,000 400 - 600

Answer 1

Date	Particulars	Debit	Credit
Feb.                   1	Cash	8,000

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| Capital (Owner's Equity) | | 8,000

Feb. 2 | Bank | 5,000 |
| Capital (Owner's Equity) | | 5,000
Feb. 4 | Purchases | 2,000 |
| Accounts Payable (A. Sinha) | | 2,000
Feb. 6 | Office Furniture | 2,000 |
| Cash | | 2,000
Feb. 7 | Accounts Payable (A. Sinha) | 2,000 |
| Bank | | 2,000
Feb. 10 | Purchases | 4,000 |
| Cash | | 4,000
Feb. 12 | Accounts Receivable (B. Sen) | 4,000 |
| Sales | | 4,000
Feb. 15 | Sales Returns | 600 |
| Accounts Receivable (B. Sen) | | 600
Feb. 20 | Bad Debts | 3,400 |
| Accounts Receivable (B. Sen) | | 3,400
Feb. 25 | Drawings | 600 |
| Bank | 600 |

These are the journal entries for the given transactions. From here, you can post them to the ledger and prepare a trial balance to ensure the debits and credits are balanced.