9. Record the following transactions of Keshav Bros. in the proper books:
| 2023 | |
|---|---|
| Jan. 1 | Assets: Cash in hand ₹8,500; Cash at Bank ₹1,40,000; Stock of goods ₹2,20,000; Due from Manohar Lal ₹30,000 and Deep Chand ₹24,000; Furniture and Equipment ₹3,00,000, Liabilities: Due to Sunil ₹15,000. |
| 2 | Withdrawn from bank ₹20,000. |
| 4 | Paid salaries ₹22,000. |
| 6 | Sold goods to Surya Narain: |
| 60 meters silk @ ₹150 per meter | |
| 100 meters cotton @ ₹70 per meter | |
| Less: Trade Discount @ 12½% | |
| 8 | Surya Narain returned 40 meters Cotton. |
| 9 | Received full payment from Manohar Lal by cheque, sent it to bank, |
| Discount allowed 3%. | |
| 10 | Purchased from Ganga Parshad: |
| 300 meters cotton @ ₹60 per meter | |
| 500 meters silk @ ₹120 per meter | |
| Less: Trade Discount 10%. | |
| 12 | Sold goods to Vinita for cash ₹16,000. |
| 13 | Accepted a bill for ₹25,000 for 30 days drawn by Ganga Parshad. |
| 15 | Gave cheque to Ganga Parshad for ₹45,000, discount allowed by him ₹200. |
| 18 | Paid to Sunil ₹14,850 after receiving discount of 1%. |
| 20 | Mr. Keshav Chand took away 5 meters silk costing ₹100 per meter for his personal use. |
| 24 | Paid rent by cheque ₹2,000. |
| 25 | Received from Surya Narain ₹11,000 in full settlement of his account. |
| 27 | Old newspapers sold for cash ₹400. |
| 27 | Paid for stationery and postage ₹500. |
| 28 | Sold 400 meters silk @ ₹160 per meter to Sh. Ganesh Chand. |
| 31 | Received cash ₹40,000 from Sh. Ganesh Chand and also received a B/R from him for the balance amount due from him for 2 months. |
D.K.Goel/2024 Edition/Practical Questions/Q-09
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
