Question

. On 15 April, 2013, following balances appeared in the books of Hari Gopal: Cash in hand Rs. 17800,
cash at bank Rs. 24200, Stock Rs. 9200, Machinery Rs. 13500, Sundry Debtors - Ganesh Rs. 9800,
Ganga Rs. 7600, Giri Rs. 5400, Prepaid Rent Rs. 500, Outstanding wages Rs. 350, Sundry creditors -
Manoj Rs. 6800, Mehta Rs. 3400 and Mahavir Rs. 5300, his other transactions were as follows:
2013
April, 2: Goods purchased from Manoj Rs. 5200.
April, 5: Goods sold on credit to Ganesh Rs. 6800
April, 7: Goods purchased from Mehta Rs. 2500
April, 10. Goods sold on credit to Ganga Rs. 4800
April, 12:Paid outstanding wages
April, 14:Received Rs. 5150 from Giri in full settlement of his account.
April, 16:Received full payment from Ganga by cheque and sent it for collection.
April, 20:Ganesh became insolvent and received 50% from his estate.
April, 23:Deposited into Bank Rs. 3000.
April, 25:Purchased goods of Rs. 10000 catalogue price at 12% trade discount from Mahavir.
April, 26:Gave Machinery in full settlement of account to Mahavir.
April, 28:Ganga's cheque was dishonoured.
April, 30:Purchased machinery of Rs. 19000 and paid Rs. 700 for installation charges and Rs. 300 as
freight and insurance.
Record above transaction into the Journal and post them into Ledger.​

Answer 1

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