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...

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...

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...

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...

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:...

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...

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...

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...

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...

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:...

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...

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...