Journalise the following transaction in the Books of Mr.Ramesh, post them to respective ledger accounts
and balance them and prepare Trial Balance.
Sep 2019
1. Commenced business with Cash Rs.35000/- , Goods Rs.45000/-, Loan from Bank Rs.10000/-and Creditors
Rs.15000/-.
2. Bought goods Costing Rs.18000/- from Namita a 10% Trade Discount and 2% Cash Discount. Paid half the
amount by cheque.
5. Purchased goods from Sudhir Rs.18000/- at 10% trade discount and 5% Cash discount terms @5% GST.
8. Received commission Rs.1000/- by cheque from Arvind.
10. Purshased 100 shares of Rs.100/- each at Rs.1240/-per share and paid 1% brokerage on it.
12. Settled Sudhir’s account in full as per the terms.
15. Sold to Vidyadhar goods of the cost proce Rs.8000/- at 10% profit on cost @5% GST.
18. Exchanged the old computer valued at Es.10000/- against a new one by paying Rs.5000/- cash@18% GST.
21. Paid Rs.2500/- for House Rent by cheque.
24. Sujata purchased goods worth Rs.35000/- from Aditi at 5% Trade Discount and paid half the amount by
NEFT @ 12% GST.
27. Placed on order for Machinery worth Rs.50000/-and sent 10% amount as advance by crossed cheque
@12% GST
29. Vidyadhar paid Rs.9000/-in full settlement of his account by RTGS.
30. Paid Telephone Bill Rs.1500/- Salaries Rs.2000/- and Wages Rs.400/
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