from the under mentioning balance of sh prabhu deva drawn on 31st march 2020 prepare a trial balance machinery =1,00,00 , sales=4,00,00 , indirect expensive=400,00 , cost of goods sold =3,00,00 , opening stock= 1,20,00, closing stock =80,00, debters 1,20,00, creditors = 60,00 , capital =1,20,00
Answers
Journalise the following
1
st Dec. 2011: A, the proprietor withdrew Rs.500 cash from the business for
personal use
24th Dec.: A, the proprietor drew a cheque for Rs.500 for domestic
purposes .
25th Dec.: A, the proprietor took Rs.200 worth of goods for his household
purposes.
Date Particulars L.F.
Dr. Cr.
Rs. P. Rs. P.
2011 Drawings a/c Dr. 500 00
Dec. 1 To Cash a/c 500 00
(Being cash withdrawn for
personal use)
24 Drawings a/c Dr. 500 00
To Bank a/c 500 00
(Being cash withdrawn from
bank for personal use)
25 Drawings a/c Dr. 200 00
To Purchase a/c 200 00
(Being goods withdrawn for
personal use)
Trade Discount: When goods are purchased in bulk quantities, the seller may
give certain concession in price to the purchaser. It is called Trade discount,
deducted from the list price of the goods. Trade discount will not be recorded
in the books of account. It is deducted from the actual price and the net amount
is shown in the invoice.