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 | 4,000 |
8 | Paid to Raghu, in full settlement of his account | 17,500 |
10 | Sold goods to Mahesh Chand & Co. for ₹32,000 at 5% trade discount | |
13 | Received cash from Mahesh Chand & Co. | 19,800 |
Discount allowed | 200 | |
15 | Paid cash to Dilip | 14,850 |
Discount received | 150 | |
20 | Sold goods for cash | 25,000 |
24 | Sold goods for cash to Sudhir Ltd. | 18,000 |
25 | Paid for Rent | 1,500 |
26 | Received for Commission | 2,000 |
28 | Withdrew by Proprietor for his personal use | 5,000 |
28 | Purchased a fan for Proprietor's house | 1,200 |
D.K.Goel/2024 Edition/Practical Questions/Q-01
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company