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1. Journalise the following transactions of Robert in its books of accounts and prepare a trial balance for the same. Date Particulars Amount ($) 2020
1. Journalise the following transactions of Robert in its books of accounts and prepare a trial balance for the same.
Date | Particulars | Amount ($) |
2020 | ||
Jan-01 | Robert started business with cash | 50000 |
Feb-02 | Purchased furinture for business | 6000 |
Mar-04 | purchased goods from style industries for cash | 12500 |
Apr-05 | Purchased goods from silk emporium | 6000 |
Apr-05 | purchased goods from cotton industries | 8000 |
Apr-08 | returned goods to cotton industries | 500 |
May-10 | paid cash to cotton industries, less 2% cash discount in full settlement of their account | |
May-12 | Sold goods to trendz Ltd. | 9600 |
May-16 | Cash withdrew for personal use | 400 |
Jun-18 | Paid to silk emporium | 1950 |
Discount received | 50 | |
Jun-19 | Purchased goods from silk emporium | 3000 |
Aug-20 | Received cash from Trendz Ltd. | 6380 |
Discount Allowed | 120 | |
Aug-22 | Sold goods to trendz Ltd. | 2000 |
Oct-24 | sold goods to Fashion Hub for cash | 5000 |
Oct-25 | Sold goods to Myra Fashions & allowed them 10% trade discount | 7500 |
Nov-30 | paid salaries | 1200 |
Nov-30 | general expenses paid | 800 |
Nov-30 | paid wages | 180 |
Dec-30 | Depreciation on Furniture @ 10% p.a |
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