Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Illustration 24. Enter the following transactions in the proper subsidiary books and post them to ledger accounts. Also prepare Trial Balance: 2013 Jan. 1: Purchased
Illustration 24. Enter the following transactions in the proper subsidiary books and post them to ledger accounts. Also prepare Trial Balance: 2013 Jan. 1: Purchased goods worth 6,000 from M/s Akshaykumar & Sons. Jan. 5: Sold goods to M/s Vinaykumar 2,000. Jan. 7: Purchased goods from M/s Vinod Bros. * 4,000 at 5% TD. Jan. 9: Sold goods to Pravinkumar on cash 500. Jan. 12: Bought goods from Jayant Kumar3,500 at 10% TD. Jan. 17: Supplied goods to M/s Rajnikant *2,500 at 5% TD. Jan. 20: Sold furniture to M/s Narendrakumar worth 1,200. Jan. 22: Returned goods to M/s Vinod Bros. * 500 gross. Jan. 25: M/s Vinaykumar returned goods worth 500. Jan. 27: Sent debit note to M/s Akshaykumar for 200. Jan. 30: Sold goods to Narendrakumar worth 9,000 and received half amount on the spot
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started