12. Enter the following transactions in proper Subsidiary Books, post them into Ledger Accounts, balance the accounts and prepare a Trial Balance:
| 2023 | |
|---|---|
| Jan 1 | Assets: Cash in hand ₹20,000; Debtors: Sri Gopal ₹15,000, Poonam & Co. ₹30,000; Stock ₹1,75,000, Machinery ₹1,20,000; Furniture ₹40,000. |
| Liabilities: Bank Overdraft ₹33,000; Creditors: Niranjan Lal ₹24,000; Bombay Trading Co. ₹16,000. | |
| 2 | Purchased from Manohar Lal & Sons goods of the list price of ₹20,000 at 10% trade discount. |
| 5 | Returned to Manohar Lal & sons goods of the list price of ₹2,000 |
| 10 | Issued a Cheque to Manohar Lal & Sons in full settlement of their account. |
| 12 | Sold to Sri Gopal, goods worth ₹25,000. |
| 15 | Received Cash ₹10,000 and a Cheque for ₹8,000 from Sri Gopal. The Cheque was immediately sent to bank. |
| 16 | Withdrew for personal use: Cash ₹5,000 and goods ₹3,000. |
| 17 | Accepted a bill for 45 days drawn by Niranjan Lal for the amount due to him. |
| 18 | Acceptance received from Poonam & Co. for the amount due from them payable after 30 days. |
| 19 | Sold to Raghubir Brothers, goods valued ₹16,000 |
| 20 | Cash purchases ₹15,000. |
| 22 | Withdrew from bank for office use ₹10,000. |
| 23 | Purchased from Bombay Trading Co., goods valued ₹24,000. |
| 24 | Sri Gopal returned goods worth ₹2,000, |
| 25 | Received from Raghubir Brothers ₹10,000. |
| 27 | Accepted a bill for ₹25,000 for 1 month drawn by Bombay Trading Co. |
| 27 | Paid Rent by Cheque ₹2,800. |
| Received Commission in Cash ₹800. | |
| 31 | Paid salaries ₹5,000. |
D.K.Goel/2024 Edition/Practical Questions/Q-12
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company