4. Journalise the following transactions in the books of Aftab, Kolkata and post them to the Ledger:
| 2024 | ₹ | |
|---|---|---|
| Jan.01 | Started business with cash | 1,00,000 |
| Jan.03 | Bought goods on credit from Gupta & Co. | 20,000 |
| Jan.05 | Cash sales | 5,000 |
| Jan.08 | Cash purchases | 8,000 |
| Jan.10 | Sold goods to Ahmed & Co. | 10,000 |
| Jan.11 | Deposited cash in bank | 50,000 |
| Jan.13 | Purchased a computer for office | 20,000 |
| Jan.15 | Took a loan from Mehboob | 70,000 |
| Jan.16 | Goods returned by Ahmed & Co. | 2,000 |
| Jan.17 | Purchased furniture from Mehfil Mart | 10,000 |
| Jan.18 | Paid interest to Mehboob | 2,000 |
| Jan.19 | Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed | 1,000 |
| Jan.22 | Paid rent by cheque | 2,000 |
| Jan.24 | Withdrew from bank | 20,000 |
| Jan.25 | Sales of goods at counter after allowing trade discount of 10% | 10,000 |
| Jan.26 | Goods purchased from Gupta & Co. were destroyed by accident. | 10,000 |
| Jan.27 | Advertisement expenses paid through bank | 5,000 |
| Jan.28 | Ahmed & Co. settled their account by cheque | 7,000 |
| Jan.29 | Paid the due amount to Gupta & Co. by cheque after availing discount of ₹800 | |
| Jan.31 | Sold old newspapers | 500 |
T.S.Grewal/2024 Edition/Practical Problems/Q-04
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.