Question

Q1 Enter the following transaction in proper subsidiary books, post them into Ledger accounts, balance the accounts and prepare Trial balance :-
The following balances existed in the books of Palden Namgyal & company on 1st April 2018: Asset : Cash in hand Rs 40,000 ,cash at bank Rs 60,000, debtors : ( Tenzing Rs34,000, Tshering- Rs 26,000, Karma - Rs42,000), stock - Rs 205000, Furniture Rs90,000. Liabilities: Creditors: Prasansa Silk & comp. Rs 15,000 Following transaction took place during the month pf April. 2018 April 3 Deposited into bank Rs 15,000. 4 Purchased goods from Chunki and company. 200 meter silk @ 80 per meter 100 meter cotton @ Rs 40 per meter. 6 Sold goods to Adi and comp. 50 meter silk @ Rs 125 per meter 40 meter silk @ Rs 60 per meter. 10 Returned to Chunki and company. 20 meter silk and 15 meter cotton.12 Issued a cheque to chunki and comp. in full and final settlement of their account after deducting cash discount @ 2%. 15 Received cash Rs 2,000 and cheque for Rs 6,000 from Adi and company. The cheque was immediately deposited into the bank. Discount allowed Rs 200. 15 Purchased furniture from Jyoti and comp. on credit for Rs 30,000. 16 Palden withdrew goods for his personal use Rs 4000 16 Sold goods to Tshering 80 meter silk @ 130 per meter less 5% 18 Returned goods by Tshering 10 meter silk 19 Issued cheque to Sita Ram & com Rs 30,000. 20 Purchased goods from Prasansa silk Ltd. 300 meter silk @ Rs 90 per meter 200 meter cotton @ Rs 50 per meter 21 Accepted a bill drawn by Prasansa Silk Ltd for Rs 40,000 at 1 month 24 Received from Tshering Rs 7500. Discount allowed Rs100. 25 Received Rs 34,000 from Tenzing for the amount due from him 25 Goods purchased for cash Rs 20,000 26 With drew from bank Rs 10,000 27 Tshering gave for Rs25000 for the money due. 29 Paid salaries by cheque Rs 3600 30 Paid rent Rs 1200.​

Answer 1

Answer:

I am not understand the question

Explanation:

how long the the question is so I am not able to answer sorry for that