Prepare trial balance with following transaction by total,balance and balance or total method2016
Jan 1 stated business with cash Rs10000
Jan 3 bought goods for cash 600
Jan 5 bought furniture 200
Jan 7 purchase goods from hari 1000
Jan 10 sold goods to deepak 2000
Jan 12 goods returned to hari 200
Jan 15 cash paid to hari 700
Jan 17 goods sold for cash 1000
Jan 20 wages paid 200
Jan 23 interest received 300
Jan 25 goods returned by deepak 400
Jan 31 cash received from deepak 1600
Answers
I am giving you an exampleof the question
Kapoor Pvt Ltd entered into the following transactions for the month April 30, 2018.
April 1, 2018 – Kapoor Pvt Ltd started business with a capital of Rs 8,00,000
April 4, 2018 – Bought goods from Singhania Pvt Ltd on credit for Rs 2,00,000
April 5, 2018 – Sold goods to M/s Khanna for Rs 2,50,000
April 6, 2018 – Cash purchases Rs 2,50,000
April 8, 2018 – Cash sales Rs 1,50,000
April 10, 2018 – Goods returned to Singhania Pvt Ltd Rs 20,000
April 11, 2018 – Purchased furniture for Rs 1,50,000
April 12, 2018 – Cash paid to Singhania Pvt Ltd Rs 1,20,000
April 13, 2018 – Goods returned by M/s Khanna Rs 30,000
April 15, 2018 – Goods taken by Kapoor Pvt Ltd for private use Rs 30,000
April 16, 2018 – Cash received from M/s Khanna Rs Rs 1,20,000
April 17, 2018 – Kapoor Pvt Ltd took loan from M/s Sahani Rs 3,00,000
April 18, 2018 – Salary paid Rs 50,000
April 19, 2018 – Purchased stationery for Rs 10,000
April 20, 2018 – Money paid to M/s Sahani for loan Rs 1,80,000
April 21, 2018 – Interest received Rs 40,000
Answer:
jan1:cash a/c. : 10,000 :dr.
jan3 : purchases a/c. : 200 : dr.
jan7 : creditors a/c. : 1000 : cr.
jan10 : debtors a/c. :2000 : dr.
jan12 : purchase return a/c. : 200 cr.
jan15 : cash a/c.: 700.: cr.
jan 17: cash a) c. 1000.: dr.
jan20 wages a/c. 200 dr.
jan23 interest received a/c.: 300 cr.
jan 24: sales return a/c.: 400 dr.
jan 31: cash a/c.1600.: dr.
hope it's helpful
and sorry for mistakes in answer.