21. Enter the following transactions in the Journal of Suresh, Delhi who trades in readymade garments:

2024
April 01 Suresh paid in bank as Capital 60,000
April 02 He bought goods and paid by cheque 24,000
April 03 Sold goods to Mukand & Co, Delhi 6,700
April 04 Sold goods for cash 10,900
April 05 Paid sundry expenses in cash 3,000
April 08 Paid for office furniture and fittings by cheque. 4,000
April 09 Bought goods from Ramesh & Brós. 10,600
April 11 Returned goods to Ramesh & Bros. 1,500
April 12 Issued cheque to Ramesh & Bros. in settlement.. 8,500
April 12 Goods destroyed by fire costing 5,000
April 20 Insurance Company paid claim 4,000
April 30 Bank charged interest. 200
April 30 Borrowed from Ridhi @ 10% per annum interest 50,000
April 30 Received from Mukand & Co. on account 3,000
April 30 Sold household furniture and paid the amount into business 10,000
April 30 Sold goods costing ₹5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount
April 30 Sold goods costing ₹20,000 to Sunil at a profit of 20% on sale less 20% Trade. Discount and paid cartage ₹150 (to be charged from customer).

  T.S.Grewal/2024 Edition/Practical Problems/Q-21

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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