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. … Read more
11. Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the Ledger and take out a Trial Balance 2023 Jan. 1 Commenced business with Cash ₹2,00,000. 2 Deposited into U.T.I. Bank ₹1,75,000. 4 Purchased goods from Dilip for ₹40,000. Trade Discount 20%. 6 Gave a cheque to Dilip for … Read more
10. Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance: The following balances existed in Sunil Bros. books on April 1, 2023: Assets: Cash in hand ₹27,500; Bank Balance ₹40,000; Debtors: Ashok ₹18,000, Bahadur ₹25,000, Charu ₹30,000: Stock ₹1,60,000 and Furniture ₹40,000. Liabilities: Creditors: Dinesh ₹20,000 and Ekta … Read more
9. Enter the following transactions in proper Subsidiary Books and post them into Ledger : 2023 March 2 Purchased from Navrang Traders for ₹8,300 3 Sold goods to Rohan for ₹3,200 5 Bought of Ruchi Traders for ₹12,100 8 Rohan returns the goods for ₹600 10 Purchased goods from Jaipur Stores of the list price … Read more
8. Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger: 2022 Jan. 5 Goods returned to us by Giriraj & Co., Pune (Maharashtra) worth ₹40,000, less 10% trade discount. 10 Shah Brothers, Jaipur (Rajasthan) returned … Read more
7. Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and post it into Ledger 2022 Nov. 7 Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat): 5 Chairs @ ₹2,000 each 1 Table for ₹15,000 Less: 10% Trade Discount 22 Returned 8 Chairs … Read more
6. Record the following transactions in the Sales Book of Karunakaran & Sons Chennai (Tamilnadu) assuming CGST @ 9°% and SGST @ 9% and post them into Ledger: 2022 Dec. 5 Sold to M/s Banwari Lal & Sons, Chennai, goods valued at ₹2,00,000 less Trade Discount 10%. 10 Sold to M/s Kanti Bhai & Sons, … Read more
5. Record the following transactions in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger: 2022 Nov. 3 Purchased goods from Sachdeva Furniture Store, New Delhi: 50 Chairs @ ₹2,000 each 5 Tables @ ₹10,000 each Less: 10% Trade Discount 10 Purchased … Read more
4. Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger: 2023 May 1 Balance of Cash in Hand ₹12,400 and Bank Overdraft ₹36,000. 3 Direct deposit by Mr. Ganesh in our bank account ₹10,000. Discount allowed ₹200. 5 Issued a cheque of ₹7,700 to Mr. Suresh … Read more
3. Prepare Journal Entries of the following postings: (I) Dr. PURCHASES A/C Cr. ₹ ₹ To Cash A/c 50,000 (II) Dr. SALARIES A/C Cr. ₹ ₹ To Cash A/c 20,000 D.K.Goel/2024 Edition/Practical Questions/Q-03 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company Answer : Back