Enter the following transactions in proper books, post them to ledger and draw out a Trial Balance:
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2009 |
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Dec |
1 |
Assets: Cash-in-hand Rs 4,000; Cash at Bank Rs 6,000; Leela Rs 16,000; |
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Shekar Rs 10,000; Furniture Rs 20,000; Building Rs 1,60,000; |
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Stock Rs 1,62,000 |
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Liabilities: Sundry creditors – Arun Rs 9,200; |
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Gopi Rs 18,000 |
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2 |
Cash sales |
60,000 |
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3 |
Employed Madhavan, accountant and received from him security deposit |
1,00,000 |
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4 |
Purchased goods from Babu |
2,00,000 |
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6 |
Sold goods to Titus |
80,000 |
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7 |
Leela cleared her account less 5% discount |
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9 |
Payment made to Arun less discount 8% in full settlement |
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10 |
Cash sales |
88,000 |
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11 |
Shekar clears his account |
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13 |
Sale of old newspapers |
600 |
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15 |
Sold goods to Bharat |
44,000 |
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16 |
Bought goods from Gopi |
88,000 |
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17 |
Purchased stationery |
1,000 |
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20 |
Paid Gopi and availed a discount at 5% |
80,000 |
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21 |
Returned defective goods to Gopi |
2,000 |
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22 |
Sold goods to Nataraj |
60,000 |
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23 |
Paid rent |
2,000 |
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24 |
One old computer, fully depreciated, sold |
2,200 |
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25 |
Paid insurance premium |
1,800 |
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26 |
Repairs to building |
3,000 |
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26 |
Cash sales |
1,80,000 |
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27 |
Paid Babu |
1,20,000 |
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Discount received |
6,000 |
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27 |
Sales returns from Nataraj |
8,000 |
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28 |
Paid Hostel bill for proprietor’s son |
6,000 |
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30 |
Paid sales tax |
10,000 |