8. On 1st April, 2024, the following were Ledger balances of M/s Ram & Co., Delhi:
Cash in Hand ₹300; Cash at Bank ₹7,000; Loan from Mahesh ₹1,000; Zahir (Dr.) ₹800 Stock ₹4,000; Gobind (Cr.) ₹2,000; Sharma (Dr.) ₹1,500; Rahul (Cr.) ₹900; Capital ₹9,700.
Transactions during the month of April, 2024 were:
2024 | ₹ | |
April 02 | Bought goods from Gobind, Delhi. | 900 |
April 03 | Sold goods to Sharma, Kanpur | 1,000 |
April 05 | Bought goods from Rahul, Delhi. | 1,200 |
April 08 | Sold goods to Zahir, Kolkata. | 500 |
April 15 | Paid Gobind by cheque on account. | 1,500 |
April 18 | Received a cheque from Sharma. | 2,000 |
Allowed him discount | 50 | |
April 20 | Sold goods to Sharma, Kanpur. | 800 |
April 20 | Paid rent by cheque. | 200 |
April 25 | Sold goods to Zahir, Kolkata. | 1,000 |
April 30 | Paid salaries in cash. | 300 |
Post the above transactions to the Ledger and prepare the Trial Balance as on 30th April, 2024.
T.S.Grewal/2024 Edition/Practical Problems/Q-08
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.