Question

from the following transaction of Roshan lal and sons Delhi pass journal entries post them into ledger and prepare a trial balance

January 1 ..asser: cash rupees 8000 debators (ram rupees
56000 Mohan 8400 sohan 7000 )stock rupees 25000 and furniture rupees 10000

January 1.. bought goods from (Amit rupees 6500 so much rupees 7800 Ramesh 5700)

January 3.. sold goods for cash rupees

January 5 paid salary rupees 4000 rupees and rent rupees 2000

January 8... sold goods to ram of list price rupees 8000 less 10% trade discount

January 10 ...paid for stationary rupees 500 and postage rupee200

January 12... paid for Amit rupees 6500 and receive discount rupees 200

January 15... good list price rupees 1000 return to ram

January 17... received cash from ram rupees 11,500 in full settlement of his account

January 19 ...withdraw cash rupees 2000 and goods rupees 1000 for the personal use

january 22... bought good for sumit for cash rupees 2500 form remains as credit rupees 3000

January 25... receive payment for Mohan rupees 3000 and sohan rupees 2800

January 27... bought furniture rupees 2000

January 30 rupees 2900 Ramesh who allowed rupees 100 as discount​

Answer 1

Answer:

Explanation:

Question 1:

Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance :−

2017

 (₹)

March 1 Shyam Sunder & Sons commenced business with cash 80,000

2 Purchased goods for cash 36,000

3 Machinery purchased for cash 4,000

4 Purchased goods from :  

 

Raghu

22,000

 

Dilip

30,000

6 Returned goods to Raghu 4,000

8 Paid to Raghu, in full settlement of his account 17,500

10 Sold goods to Mahesh Chand & Co. for ₹ 32,000 at 5% trade discount  

13 Received cash from Mahesh Chand & Co. 19,800

 Discount allowed 200

15 Paid cash to Dilip 14,850

 Discount received 150

20 Sold goods for cash 25,000

24 Sold goods for cash to Sudhir Ltd. 18,000

25 Paid for Rent 1,500

26 Received for Commission 2,000

28 Withdrew by Proprietor for his personal use 5,000

28 Purchased a fan for Proprietor's house 1,200

ANSWER:

Answer 2

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