Question

goods purchas
part of goods unsold then it is recorded in the trial balance. The part of goods sold of
purchases account is called adjusted purchases.
Practical Problems
Balances Method From Journal
1. Record the following transactions in the journal, post them into ledger and prepare trial
balance as on 31st March, 2019 in the books of Ms Roshan Lal & Sons with balances
method:
2019
3
Mar. 1 Started business with cash
20,000
Mar. 4 Goods purchased from Sukhdev
3,000
Mar 8 Salary for the month of March paid
2,500
Mar. 12 Goods sold for cash
3,500
Mar. 17 Proprietor withdrew cash for personal use
1,800
Mar.22 Paid for printing charges
700
Mar.25 Pad to Sukhdev
1.650
Discount ava ed
50
Mar. 31 Goods sold to Sunil on credit
1.200
Balances Method
2. The totals of two sides of accounts as an March 31, 2018 are given below. Prepare a trial
balance by balances method :​

Answer 1

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