1. Record the following transactions in the Purchases Book of Krishna General Stores, Delhi: 2024 May 1 Bought from M/s. Chunni Lal Mam Raj, Delhi: 100 bags of ITC Wheat Atta @ ₹530 per bag 50 bags of Rice Basmati @ ₹500 per bag Less: Trade Discount @ 10% May...

2. Verma Bros. carry on business as wholesale cloth dealer. From the following, write up their Purchases Book for January, 2024: 2024 Jan. 3 Purchased from M/s. Birla Mills, Kolkata: 100 pieces long cloth @ ₹800 each 50 pieces shirting @ ₹500 each Jan. 8 Purchased for cash from M/s....

3. From the following transactions of Kamal, prepare Purchases Book and post in Ledger: 2024 April 1 Purchased from Videocon India Ltd., Kolkata: 30 Colour TVs @ ₹15,000 each, less Trade Discount @ 10%, plus Freight charges ₹2,000. April 15 Purchased from Sony India Ltd., Guwahati: 10 colour T.Vs @...

4. Prepare Sales Book from the following transactions of Gurman Traders dealing in furniture Open the Ledger Accounts also:  2024 April 1 Sold to M/s. Gupta Furniture House, Delhi: 100 Chairs @ ₹1,500 per chair 40 Tables @ ₹2,000 per table. Less: Trade Discount @ 5% April 10 Sold to...

5. From the following particulars, prepare Sales Book of M/s. Gyan & Bros., Delhi, dealer of stationery and post in Ledger Accounts: 2024 July 1 Sold to M/s. Stationery Mart, Delhi: 10 reams white paper @ ₹300 per ream July 2 Sold to M/s. Puran Chand & Co, Chandigarh: 6...

6. From the following particulars, prepare Sales Book of Raj & Co., Kolkata who deals in furniture: 2024 Jan. 5 Sold to Hari & Co., Kolkata: 10 Tables @ ₹1,100 each 20 Chairs @ ₹1,000 each Jan. 10 Sold to M/s. Sharma & Co, Delhi: 5 Almirahs @ ₹5,000 each...

7. Prepare Purchases and Sales Books from the following transactions of Rahul, Bengaluru: 2024 Jan. 1 Bought from M/s. Uma Dutt, Mumbai: 1,000 Registers @ ₹80 each 50 Reams Paper @ ₹250 per ream Less: Trade Discount 25% Jan. 2 Sold to Shri Dayal, Bengaluru: 250 Registers @ ₹85 each...

8. Prepare Purchases Return Book of Aruna Stores, Kolkata from the following transactions and post them in Ledger: 2024 Jan. 10 Returned to Sohan & Sons, Kolkata: 10 Rohtas fans 36” @ ₹1,250 each Trade discount 10% Jan. 25 Returned to Ram & Co., Delhi: 25 Tube lights @ ₹200...

9. Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2024: 2024 April 6 Returned goods to Ramesh Brothers, Delhi purchased for ₹5,000 April 8 Returned goods to Sohan Brothers, Meerut purchased for ₹10,000 April 17 Returned goods to Mahesh Brothers for ₹2,000  ...

10. Prepare Sales Return Book of Shiv Shankar, Delhi from the following transactions post them in Ledger: 2024 Feb. 10 Rama Stores, Delhi returned: 2 Televisions Sony sold @ ₹20,000 each Feb. 20 Sohan Singh & Co, Dehradun returned: 3 Washing Machines Videocon sold @ ₹10,000 each   T.S.Grewal/2024 Edition/Practical...

11. Enter the following transactions in the Sales Return Book of Ravi Computers, Delhi: 2024 July 1 Sohan & Sons, Delhi returned 2 Laptops HP sold @ ₹40,000 each July 2 Ramesh & Sons, Noida returned 2 ‘Ricoh’ printers sold @ ₹10,000 each July 25 Dinesh, Chandigarh returned 10 HP...

12. Prepare Returns Inward and Returns Outward Books of Manoj, Mumbai from the following transactions and post them in Ledger Accounts: 2024 March 1 Mathur Bros., New Delhi, returned: 5 pairs of Shoes for being defective @ ₹2,000 per pair Less: Trade Discount 10% March 5 Returned to Kanpur Leather...

13. Give the necessary entries in the Journal Proper of Gurman on 31st March, 2024 to close his books:  Freehold Premises ₹30,000; Plant and Machinery ₹20,000; Sundry Debtors ₹ 25,000;  Purchases ₹37,500; Sales ₹95,000; Discount (Dr.) ₹150; Discount (Cr.) ₹175; Sundry Creditors ₹12,500; Carriage Inwards ₹375; Carriage Outwards ₹600; Furniture...

14. From the following information available on 31st March, 2024, pass the necessary Adjustment Entries in the Journal for the year ending on that date:  (i) Interest accrued ₹2,500.  (ii) Wages for March, 2024 outstanding ₹10,000.  (iii) Insurance prepaid ₹1,500.  (iv) Commission due to manager 6% on net profit after...

15. R. Chetan, Kolkata has the following balances in his books on 1st March, 2024:  Cash ₹15,400; Cash at Bank ₹82,500; Stock ₹1,92,500; Plant and Machinery ₹4,40,000.  Sundry Debtors: Rajesh ₹27,500; James ₹13,750.  Sundry Creditors: Rao ₹19,250, Samanta ₹35,750; Capital ₹7,16,650 The following are the transactions for the month of...

16. On 1st March, 2024, Shri Kailash Chand, Lucknow commenced business with cash ₹50,000. The following are his transactions for the month of March, 2024. Record them in proper books, post them to the Ledger and take out his Trial Balance: 2024 ₹ March 1 Bought goods for cash 5,000...

17. On 1st January, 2024, Ramn of Kolkata commenced business with a capital of ₹50,000 and entered into following transactions:  Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2024. The Cash Book must be balanced 2024 ₹ Jan. 1...