Question

Q.9 The following ledger balances were extracted from the books of Pawan Pawar
as on Ist July 2019
Debit balances
Amt.)
Credit balances
Amts
Machinery
Rashmi's
Purchases
Sales retum
Cash
Bank
Stationery
4,40,000
70,000
1,30,000
40,000
1,00,000
1.80,000
2,000
Purchase return
Sales
Pawan's capital
Interest
Rakesh
The following transactions took place during July 2019. Post them into Ledger and prepa
Trial Balance as on 31" July 2019.
1 Introduced additional Capital 40,000
4 Bought goods from Rakesh +80,000 @ 10% Trade Discount
7 Sold goods to Rashmi < 30,000
9 Returned goods to Rakesh 20,000 (Gross)
Rashmi returned goods to us 400
14 Paid to Rakesh 40,000 @ 2% Cash Discount​

Answer 1

Answer:

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