2. Following balances appeared in the books of Ram & Shyam on January 1, 2023: Assets: Cash in hand ₹30,000; Stock ₹36,000; Lal Chand ₹7,600; Mukesh Khanna ₹16,200: Furniture ₹8,000. Liabilities: Ghanshyam ₹6,000; Vinod ₹8,000. Following transactions took place during Jan. 2023 2023 Jan. 2 Purchased Typewriter for ₹7,500. 4 Sold goods for Cash of … Read more
1. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance: 2023 ₹ March 1 Shyam Sunder & Sons commenced business with cash 80,000 2 Purchased goods for cash 36,000 3 Machinery purchased for cash 4,000 4 Purchased goods from: Raghu 22,000 Dilip 30,000 6 Returned goods to Raghu … Read more
8. On 1st April, 2024, the following were Ledger balances of M/s Ram & Co., Delhi: Cash in Hand ₹300; Cash at Bank ₹7,000; Loan from Mahesh ₹1,000; Zahir (Dr.) ₹800 Stock ₹4,000; Gobind (Cr.) ₹2,000; Sharma (Dr.) ₹1,500; Rahul (Cr.) ₹900; Capital ₹9,700. Transactions during the month of April, 2024 were: 2024 ₹ … Read more
7. Following balances exist in the books of Ashok, Delhi on 1st April, 2024: Assets: Cash ₹50,000; Stock ₹30,000; Debtor -Ram ₹50,000; Machinery ₹60,000. Liabilities: Creditor – Rajesh ₹30,000. The following transactions took place in April, 2024: 2024 ₹ April 04 Sold goods for cash 7,000 April 06 Goods returned by Ram 1,000 April … Read more
6. Suresh commenced business on 1st April, 2024 with a capital of ₹1,20,000 of which ₹60,000 was paid into his Bank Account and balance retained as cash. His other business transactions during the month were as follows:f 2024 ₹ April 02 Bought furniture for office use 20,000 April 05 Purchased goods 16,000 April 08 Purchased … Read more
5. Enter the following transactions in the Journal of Gurman and post them to the Ledger: 2024 ₹ April 01 Assets: Cash in Hand ₹20,000; Cash at Bank ₹35,000; Stock ₹15,000; Furniture ₹4,500: Debtors: Poonam ₹20,000; Sonu ₹10,000 Liabilities: Creditors: Ashok ₹13,500; Pankaj ₹21,500 April 04 Purchased goods from Pankaj 5,000 April 07 Paid to … Read more
4. Journalise the following transactions in the books of Aftab, Kolkata and post them to the Ledger: 2024 ₹ Jan.01 Started business with cash 1,00,000 Jan.03 Bought goods on credit from Gupta & Co. 20,000 Jan.05 Cash sales 5,000 Jan.08 Cash purchases 8,000 Jan.10 Sold goods to Ahmed & Co. 10,000 Jan.11 Deposited cash in … Read more
3. Journalise the following transactions in the Journal of Rakesh, Delhi and post them to the Ledger: 2024 ₹ March 01 Started business with cash 2,00,000 March 02 Opened bank account with SBI 80,000 March 04 Goods purchased from Raj 22,000 March 05 Goods purchased for cash 30,000 March 08 Goods sold to Naman 12,000 … Read more
2. Madan commenced business on 1st January, 2024 introducing capital in cash ₹1,00,000. His other business transactions during the month were as follows: 2024 ₹ Jan.01 Started business with cash 1,00,000 Jan.02 Bought goods for cash 20,000 Jan.03 Sold goods for cash 7,000 Jan.15 Sold goods to Shravan 6,000 Jan.18 Bought goods on credit from … Read more
1. On 1st April, 2024, Gopal started business with a capital of ₹50,000. He made the following transactions during the month of April: 2024 ₹ April 03 Purchased goods from Rita 20,000 April 04 Cash paid to Rita 10,000 April 06 Goods sold to Rohit 25,000 April 08 Received cash from Rohit 20,000 April 12 … Read more