Record the following transactions in proper books, post them to ledger and extract a Trial Balance. 1 answer below »

Record the following transactions in proper books, post them to ledger and extract a Trial Balance.

Date

Rs

2009

Dec

1

Bhamini commenced business with cash

1,20,000

2

Goods purchased for cash

18,000

3

Goods purchased from Lal

24,000

4

Goods sold for cash

36,000

5

Goods sold to Krishna

30,000

6

Goods returned by Krishna

6,000

7

Goods returned to Lal

1,200

8

Furniture bought for cash

2,400

9

Cartage paid

600

10

Cash received from Krishna allowed discount 5%

24,000

11

Cash paid to Lal

22,200

Lal allowed us discount

600

12

Paid charities

1,200

13

Goods sold for cash

36,000

14

Goods purchased for cash

18,000

15

Goods sold to Singh

30,000

16

Goods purchased from Hemant

12,000

17

Goods returned by Singh

1,200

18

Cash paid by Singh

28,200

Discount received

600

19

Goods returned to Hemant

1,200

21

Cash paid to Hemant

9,000

Discount received

300

22

Old newspapers sold to Mohan on credit

150

27

Paid for interest

600

31

Paid for salaries

3,000

31

Deposited with bank

1,50,000

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