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2 Withdrawn from bank ₹20,000.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

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