Question

20 transaction from journal , ledger , trial balance , to financial statment

Answer 1

journal transaction
1.bought Vikas worth rs. 100000 at 20% trade discount and 5% cash discount paid full payment amount at the time of purchase itself.
2. purchase goods from manoharlal of the list price of 50000 for 40000.
3. paid cash to Gopal sun 20000 avail discount of 5%.
4.sold goods to Kishor and company of the list price of 40000 for 38000.
5. purchase goods from aanil 5000, Sunil 10000.
6. paid rent 8000 trade expenses 60000 and travelling expenses 800.
7.cash deposit into Bank 10000.
,ledger
8. CRM and company commenced business with cash 200000.
9. purchase office furniture for cash 20000.
10. purchase goods for cash 50000.
11. sold goods for cash 40000.
12. paid rent for 2000 and salary 4000.
trial balance
13. cash in hand 4000
machinery 25000
purchases 6000
carriage inward 18oo.
wages 17500
salary credited 17000
14. investment 300000
premises 60000
sales 400000
beddebts 6000
stationery 4000
insurance 3400.
,☺ financial statements
15.opening stock 25000 ,sales 750000 furniture 16000 ,purchase 500000 ,carriage inward 4700 ,debtors 80000,sales return 15,000 rent 24000 salary rs 8000 cash 8000 drawing 14000 building 7000 advertisement 10000. capital 200000, overdraft 50000.
16.capital 50000 drawing 10000 that 24000 Predator 16000 loan 10000 interest on loan 10000 wages 6000, rent 8000, Bank 60000 parichay 20000 salary 5000 bad at 6000 , commission 1500.
17. calculate cost of goods sold and closing stock from the following information .
sale 500000, sales return 16000 ,gross profit 120000 ,opening stock 20000 ,purchases 400000, return 4000 ,carriage inward 150000.
18.calculate g.p and cost of goods sold from the following information.
net sales 800000
g.p is 40% on sales
19. calculate GP and cost of goods sold from the following information .
net sale 1200000
gross profit 33% on sales.
20. calculate the GP and cost of goods sold from the following information.
net sale 90000
GP is 20% on cost.