Question
Journalize the following transactions in the books of Gaurav, post them into ledger and prepare trial balance for June 2015: June 1: Gaurav started business
Journalize the following transactions in the books of Gaurav, post them into ledger and prepare trial balance for June 2015:
June 1: Gaurav started business with 10,00,000 of which 25% amount was borrowed from wife.
June 4: Purchased goods from Aniket worth 40,000 at 20% TD and 1/5th amount paid in cash.
June 7: Cash purchases 25,000.
June 10: Sold goods to Vishakha 30,000 at 30% TD and received 30% amount in cash.
June 12: Deposited cash into bank 20,000.
June 15: Uninsured goods destroyed by fire * 5,500.
June 19: Received commission * 3,500.
June 22: Paid to Aniket 25,500 in full settlem of A/c.
June 25: Cash stolen from cash box 1,000.
June 27: Received from Vishakha 14,500 and discount allowed 200.
June 30: Interest received 2,400 directly added in our bank account.
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