Question

Enter the following transactions in subsidiary books, post them into Ledge, prepare a Trial
Balance and with the help of trial balance prepare trading A/c. profit & loss Ne and Balance
sheet.
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand I 27,500; Bank Balance 40,000; Debtors : Ashok 18,000.
Bahadur 0 25,000. Charu 0 30.000; Stock 0 1,60,000 and Fumiture 0 40.000
Liabilities : Creditors Dinesh 0 20.000 and Ekta 0
15.000.
Cash Sales 0 18.000
2017
April
1
2
3
per metre
5
6
8
10
12.
13
15
16
18
Deposited into Bank 0 20,000.
Purchased from Dinesh :
300 metres Cotton @ l 60 per metre
200 metres Silk @O 100
Cheque issued to Dinesh for 0 25,000.
Accepted a bill at one month for 0 15.000 drawn by Dinesh.
Sold to Ashok :
400 metres Cotton @ 80 per metre
250 metres Silk @ 140 per metre
Retured by Ashok 50 metres Silk.
Received Cash 0 8,000 and a Cheque for I 40,000 from Ashok. Cheque was
immediately sent to Bank.
Received a B/R from Bahadur for 0 20,000 at one month.
Accepted a bill at two months drawn by Ekta for the amount due to her.
Purchased a Computer for office use from Shiva Ltd. for 0 45,000 on Credit.
Cash purchases ( 10,000.
Received full payment from Charu by cheque, sent it to Bank. Discount allowed
2%.
Issued a cheque to Dinesh in full payment of his account after deducting 1%
discount
Settled the account of Shiva Ltd. by a cheque.
Proprietor took away goods worth 0 5,000 and Cash 0 6,000.
Purchased from Ganesh 200 metres Cotton @ l 70 per metre subject to trade
discount of 5%.
Paid Rent 3,000 and Salaries 8,000.
Interest allowed by bank 0 600.
19
20
22
24
25
27
30​

Answer 1

Subsidiary books, Journal Entries, Ledger, and Trial Balance

Explanation:

Pls refer to the file below for answer

3146971dc458302a6a0527d5c07d451b.docx