16. On 1st March, 2024, Shri Kailash Chand, Lucknow commenced business with cash ₹50,000. The following are his transactions for the month of March, 2024. Record them in proper books, post them to the Ledger and take out his Trial Balance:
| 2024 | ₹ | |
|---|---|---|
| March 1 | Bought goods for cash | 5,000 |
| Purchased from Hari, Lucknow: | ||
| 5 Laptops @ ₹35,000 each | ||
| 5 Desktops @ ₹25,000 each | ||
| Less: Trade Discount 15% | ||
| March 2 | Purchased computer & printer from M/s. Computer Mart against cheque for office use | 20,000 |
| March 5 | Deposited into bank | 15,000 |
| March 7 | Sold goods to Ramesh, Kanpur: | |
| 2 Laptops @ ₹32,000 each | ||
| 2 Desktops @ ₹24,000 each | ||
| March 10 | Received Cheque from Ramesh on account | 75,000 |
| March 14 | Received another Cheque from Ramesh in full settlement | 36,000 |
| March 15 | Sold goods to Jagdish, Kolkata: | |
| 2 Laptops @ ₹35,000 each | ||
| 2 Desktops @ ₹25,000 each | ||
| Less: Trade Discount 5% | ||
| March 18 | Bought from Shyam, Delhi: | |
| 10 Keyboards @ ₹1,000 each |
T.S.Grewal/2024 Edition/Practical Problems/Q-16
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.
