Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance :
The following balances existed in Sunil Bros. books on April 1, 2017 :
`{:("2017",),("April","1 Cash Sales Rs 18,000."),(,"2 Deposited into Bank Rs 40,000"),(,"3 Purchased from Dinesh :"),(," 300 metres Cotton @ Rs 60 per metre"),(," 200 metres Silk @ Rs 100 per metre"),(,"5 Cheque issued to Dinesh for Rs 25,000."),(,"6 Accepted a bill at one month for Rs 15,000 drawn by Dinesh"),(,"6 Accepted a bill at one month for Rs 15,000 drawn by Dinesh."),(,"8 Sold by Ashok :"),(," 400 metres Cotton @ Rs 80 pre metre"),(," 250 metres Silk."),(,"Received Cash Rs 8,000 and a Cheque for Rs 40,000 from Ashok. Cheque was was immediately sent to bank."),(,"13 Received a B/R from Bahadur for Rs 20,000 at one month."),(,"15 Accepted a bill at two months drawn by Ekta for the amount due to her."),(,"18 Cash purchases Rs 10,000."),(,"19 Received full payment from Charu by cheque, sent to Bank. Discount allowed "2%.),(,"20 Issued a cheque to Dinesh in full payment of his account after debucting "1%" discount."),(,"22 Settled the account of Shiva Ltd. by a cheque."),(,"24 Proprietor took away goods worth Rs 5,000 and Cash Rs 6,000."),(,"25 Purchased from Ganesh 200 metres Cotton @ Rs 70 per metre subject to trade discount of "5%),(,"Paid Rent Rs 3,000 and Salaries Rs 8,000."),(,"30 Interest allowed by bank Rs 600."):}`
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Correct Answer - Cash Balance Rs 6,500; Bank Balance Rs 42,180; Total of Purchases Book Rs 51,300; sales Book Rs 67,000; Sales Return Book Rs 7,000; Total of Journal Proper Rs 4,41,280; Total of Trial Balance Rs 4,34,580.
Dr. Balances : Cash Rs 6,500; Bank Rs 42,180; Ashok Rs 30,000; Bahadur Rs 5,000; Stock Rs 1,60,000; Furniture Rs 40,000; Office Equipment (Computer) Rs 45,000; Purchases Rs 56,300; Discount allowed Rs 600; Drawings Rs 11,000; Rend Rs 3,000; Salaries Rs 8,000; Sales Return Rs 7,000; B/R Rs 20,000.
Cr. Balances : Capital Rs 3,05,500; Sales Rs 85,000; Discount Received Rs 180; Ganesh Rs 13,300; Interest Rs 600; B/P Rs 30,000.