15. R. Chetan, Kolkata has the following balances in his books on 1st March, 2024: 

Cash 15,400; Cash at Bank 82,500; Stock 1,92,500; Plant and Machinery 4,40,000. 

Sundry Debtors: Rajesh 27,500; James 13,750. 

Sundry Creditors: Rao 19,250, Samanta 35,750; Capital 7,16,650

The following are the transactions for the month of March, 2024:

2024
March 1 Cash sales 2,000
March 2 Purchased machinery by cheque 5,000
March 4 Paid salaries by cheque 2,750
March 7 Paid wages 440
March 9 Rajesh settled his account by cheque less 5% discount
March 11 Sold goods on credit to James, Patna 10,000
March 13 Sent a credit note to James for goods returned 2,000
March 18 Paid to Rao by cheque in full settlement 18,000
March 20 Took loan from Bank of Baroda 50,000
March 22 Withdrawn from bank for personal purposes 2,500
March 25 Bought goods from Samanta, Delhi 5,000
March 27 Paid corporation tax by cheque 1,155
March 30 Cash sales and paid into bank 4,000
March 31 All cash in hand, with the exception of ₹825 retained or change, was paid into the bank

Record these transactions in his subsidiary books, post to the Ledger and prepare a Trial Balance as on 31st March, 2024

  T.S.Grewal/2024 Edition/Practical Problems/Q-15

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.

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