Question

Enter the following transactions of Heera Lal & Sons in appropriate Subsidiary book: 2018 May 1 Assets: Cash in Hand 15,250; Debtors: Aryan & Co. *18,900 and Harja 64,000; Stock 2,00,000; Furniture 25,800. Liabilities: Bank overdraft 24,260; Creditors: Arjun 22,600 May 3 Purchased from Vishesh Narang 8 Sarees @ 1,500 each less 10% trade discount May 5 Purchased from Nathu Ram & Co. 30 Cotton Sarees @ 800 each, less 5% trade discount. Half the payment is made in cash and half by cheque. May 6 Purchased plant for 35,900 from Manvi & Co. on credit. Received cash from Aryan & Co. 18,200 in full settlement of their account. May 10 Deposited into bank 12,000 May 12 Sold to Richa & Co. goods as follows: 6 Designer Sarees @ 1,400 each. 22 Cotton Sarees @ 950 each May 15 Returned to Vishesh Narang 1 Designer Saree. May 16 Sold to Akira Roy 25 Designer Sarees @ 51,600 each less 5% trade discount May 17 Akira Roy returned 2 Designer Sarees. May 18 Paid wages *2,500 and postage 31,000. May 20 Received a cheque of 25,300 from Richa & Co. The cheque is immediate deposited into bank. May 21 Purchased from Rihana & Co. 30 Designer Sarees @ 1,000 each and 9 Come Sarees @ 1,000 each. May 22..4 Designer Sarees costing 1,000 each are taken by Mr. Heera Lal. May 24 Returned to Rihana & Co. 5 Designer Sarees and 2 Cotton Sarees. May 28 Withdrew from bank for personal use 10,200 and for office use 315,000. May 30 Paid rent by cheque 12,000. [Ans. Total of Purchases Book *49,800; Sales Book 67,300; Sales Return Book 3,040; Purchases Return Book 8,350; Cash Balance 21,550; Bank Overdraft 35,560]​

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Answer:

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