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 ₹15,000.
| 2023 | |
|---|---|
| April 1 | Cash Sales ₹18,000. |
| 2 | Deposited into Bank ₹20,000. |
| 3 | Purchased from Dinesh: |
| 300 metres Cotton @ ₹60 per metre | |
| 200 metres Silk @₹100 per metre | |
| 5 | Cheque issued to Dinesh for ₹25,000. |
| 6 | Accepted a bill at one month for ₹15,000 drawn by Dinesh. |
| 8 | Sold to Ashok: |
| 400 metres Cotton @ ₹80 per metre | |
| 250 metres Silk @ ₹140 per metre | |
| 10 | Returned by Ashok 50 metres Silk. |
| 12 | Received Cash ₹8,000 and a Cheque for ₹40,000 from Ashok. Cheque was immediately sent to bank. |
| 13 | Received a B/R from Bahadur for ₹20,000 at one month. |
| 15 | Accepted a bill at two months drawn by Ekta for the amount due to her. |
| 16 | Purchased a Computer for office use from Shiva Lid. for ₹45,000 on Credit |
| 18 | Cash purchases ₹10,000. |
| 19 | Received full payment from Charu by cheque, sent it to Bank. Discount allowed 2%. |
| 20 | Issued a cheque to Dinesh in full payment of his account after deducting 1% discount. |
| 22 | Settled the account of Shiva Ltd. by a cheque. |
| 24 | Proprietor took away goods worth ₹5,000 and Cash ₹6,000. |
| 25 | Purchased from Ganesh 200 metres Cotton @ ₹70 per metre subject to trade discount of 5%. |
| 27 | Paid Rent ₹3,000 and Salaries ₹8,000. |
| 30 | Interest allowed by bank ₹600. |
D.K.Goel/2024 Edition/Practical Questions/Q-10
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company