Question

Please help me to prepare a Trial balance

Sept. 1
Started business with Rs. 50,000 out of which paid into Bank Rs. 20,000.


Bought furniture for Rs. 5,000 and machinery for Rs. 10,000.


Purchased goods for Rs. 14,000.


Sold goods for Rs. 8,000.


Purchased goods from Malhotra and Co. Rs. 11,000.


Paid telephone rent for the year by cheque Rs. 500.



Bought one typewriter for Rs. 2,100 from Universal Typewriter Co. on credit.


Sold goods to Keshav Ram for Rs. 12,000.


Sold goods to Rajesh Kumar for Rs. 2,000 for cash.


Amount withdrawn from bank for personal use Rs. 1,500.


Received cash from Keshav Ram Rs. 11,900 discount allowed Rs. 100.


Paid into bank Rs. 5,800.


Bought 50 shares in X Y & Co. Ltd. at Rs. 60 per share, brokerage paid Rs. 20.


Goods worth Rs. 1,000 found defective were returned to Malhotra & Co. and the

balance of the amount due to them settled by issuing a cheque in their

favour.


Sold 20 shares of XY & Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20.


Bought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000.


Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh.


Issued a cheque for Rs. 1,000 in favour of the landlord for rent for September.


Paid salaries to staff Rs. 1,500 and received from travelling salesman Rs. 2,000 for

goods sold by him, after deducting the travelling expenses Rs. 100.


Paid for :

Charity Rs. 101

Stationery Rs. 450

Postage Rs. 249​

Answer 1

cash ac dr 50000

to capital. 50000