Question

20 transactions with their journal ,ledger and trial bal and Final accounts

Answer 1

Providing you with few transactions of M/s. Rajesh Traders consisting of 16 transactions along with Journal entries, Ledgers, Trial Balance, Financial Statements along with some of the ledgers and similarly, you can prepare the remaining ledgers. The following are the transactions of M/s Rajesh Traders.DateParticulars2012 April 1Rajesh started his business with cash Rs 1,00,000April 10Rajesh opened an account in a bank with cash Rs 30,000May 10Purchased goods from Mohan Singh on credit Rs 40,000 and also paid carriage of Rs 2,000May 20Sold goods to Rajeev Rs 20,000May 25Due to some quality defect Mohan Singh returned goods of Rs 10,000June 15Sold goods to Ayesha for Rs 70,000June 30Paid rent of Rs 10,000Aug.31Purchased Furniture for cash of Rs 8,000Sept.10Paid through a cheque of Rs 5,000 for advertisementOct.05Withdrawn Rs 6,000 from Bank for personal useNov.30Recovered Rs 65,000 from Ayesha in full settlement of his accountDec.12Goods costing Rs 1,000 donated to NGODec.31Salaries paid to employees Rs 15,0002013 Jan.15Interest received from Bank Rs 2,000Feb.10Rajeev has become insolvent Rs 80 paisa in the rupees on a debt of Rs 20,000 was recovered as a compensationMarch 31Stock of good at end of the year is Rs 32,000