Question

prepare trial balance and genral ledger. Q No: 2Ali has starts his Shop, during the first month following events that take place.

I. Alistart business with Rs.50,000

II. Paid rent in advance Rs.2,000

III. Purchased a typewriter for Rs.7000

IV. Bought furniture from M/s Mohan Furniture on credit for Rs.3,000

V. Purchased goods from Sohan for cash Rs.35,000

VI. Sold goods to Shyan for cash Rs.40,000 (costing Rs.30,000)

VII. Bought goods from Ramesh for Rs.30,000 on credit.

VIII. Sold goods to Shyam costing Rs.30,000 for Rs.50,000 on credit.

IX. Purchased household goods for Rs.15,000 giving Rs.5,000 in cash and the balance

through a loan.

X. Paid half the amount owed to Mohan furniture.

XI. Paid cash Rs.500 for loan and Rs.300 for Interest

XII. Withdraw goods for personal use (cost Rs.500)

XIII. Recieved full cash from Shyam.

XIV. Paid full cash to Ramesh.

XV. Paid salary Rs.500 and salary outstanding(salary due but not paid) Rs.100​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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