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 a cheque to Dilip for ₹16,800 and discount allowed by him ₹200. |
| 8 | Goods bought from Nilesh for Cash ₹14,000. |
| 10 | Accepted a bill at 2 months for ₹15,000 drawn by Dilip. |
| 11 | Bought goods from Suresh ₹75,000. |
| 13 | Paid to Suresh a Cheque of ₹58,800 after receiving discount of 2%. |
| 15 | Cash sales made to Jyoti Parshad ₹8,000. |
| 16 | Sold goods to Mohinder for ₹20,000. |
| 17 | Goods returned by Mohinder for ₹1,500. |
| 18 | Received from Mohinder ₹7,900 after allowing a discount of 1.25%. |
| 20 | Goods sold to Banerjee ₹50,000. |
| 21 | Deposited into Bank ₹20,000. |
| 25 | Goods taken for personal use ₹2,000. |
| 25 | Purchased furniture ₹40,000 and Typewriter ₹10,000 for office use. Payment for both the items is made by Cheque. |
| 25 | Sold goods to Anubhav ₹30,000. |
| 27 | Goods returned by Anubhav ₹5,000. |
| 27 | Received full payment from Banerjee by Cheque, sent it to Bank, Discount allowed 2%. |
| 28 | Acceptance received from Anubhav at 30 days for the amount due from him. |
| 28 | Paid for stationery ₹400 and for Postage ₹200. |
| 31 | Rent of proprietor's house paid by Cheque ₹2,500. |
D.K.Goel/2024 Edition/Practical Questions/Q-11
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company