Question

Journalise the following transactions in the book of M/s Beauty traders: Also post them into the Ledger and also draw up the Trial Balance.2013 ₹Dec 1 Started business with cash 2,00,000Dec 2 Bought office furniture 30,000Dec 3 Paid into bank to open a current account 1,00,000Dec 5 Purchased a computer and paid by cheque 50,000Dec 6 Bought goods on credit from Ritika 60,000Dec 8 Cash sales 30,000Dec 9 Sold goods to Karishma on credit 25,000Dec 12 Cash paid to Mansi on account 30,000Dec 14 Goods returned to Ritika 2,000Dec 15 Stationery purchased for cash 3,000Dec 16 Paid wages 1,000Dec 18 Goods returned by Karishma 2,000Dec 20 Cheque given to Ritika 28,000Dec 22 Cash returned from Karishma on account 15,000Dec 24 Insurance premium paid by cheque 4,000Dec 26 Cheque received from Karishma 8,000Dec 28 Rent paid by cheque 3,000Dec 29 Purchased goods on credit form Meena Traders 20,000Dec 30 Cash sales 14,000

Answer 1

total of journal 949000
totals of account
cash account 91000 bank account 27000 Ritika account 30000 capital account to lakh purchase account transfer to the trading account 80000 sales account transfer to do trading account 69000 purchase return account transfer to the trading account 2000 Karishma count is being over after the payment made of rupees 25000 furniture account 30000 sales return account transfer trading account 2000 office equipments including Computer only 50000 stationery account transferred to the PL account 3000 with his account transfer to do trading account 1000 months were found 30000 insurance premium account transfer to the PL account 4000 rent account to trading account 3000 Meena 29000 trial balance total both side 259000 with a suspense account of 31000