Question

April 2016,

1 A business is started by Hetansh with cash Rs. 50,000, goods Rs. 55,000, Furniture Rs. 12,000, payables

(debits) Rs. 8000 and a loan from Jignesh of Rs. 30,000.

3 A cheque of Rs. 8000 is given to kanubhai against dues.

5 Against the receivables of Rs.7800 from rajubhai, cheque received Rs. 7500 for full and final payment.

6 Goods of Rs. 20,000 are purchased at 12% trade discount from dhara stores. For this a cheque of Rs. 8000 is

given.

10 Withdrawn from the bank Rs. 5000 for office expenses and Rs. 4000 for the household expenses.

14 Due to the fire in godown, goods of Rs. 3200 is burnt by fire and insurance company has accepted a claim of

Rs. 2600 for the same.

15 A laptop of Rs. 25,000 purchased from Piyush electronic and paid Rs. 5000 cash towards this.

Pass journal entries for the above transactions, post them into the ledger and prepare the Trial balance as on

30th April, 2020.​

Answer 1

Answer:

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