18. Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions:
| August 2017 |
₹ | |
|---|---|---|
| 1 | Commenced business with cash | 1,10,000 |
| 2 | Opened bank account with H.D.F.C. | 50,000 |
| 3 | Purchased furniture | 20,000 |
| 7 | Bought goods for cash from M/s Rupa Traders | 30,000 |
| 8 | Purchased good from M/s Hema Traders | 42,000 |
| 10 | Sold goods for cash | 30,000 |
| 14 | Sold goods on credit to M/s. Gupta Traders | 12,000 |
| 16 | Rent paid | 4,000 |
| 18 | Paid trade expenses | 1,000 |
| 20 | Received cash from Gupta Traders | 12,000 |
| 22 | Goods return to Hema Traders | 2,000 |
| 23 | Cash paid to Hema Traders | 40,000 |
| 25 | Bought postage stamps | 100 |
| 30 | Paid salary to Rishabh | 4,000 |
NCERT/Numerical Questions/Q-18