5 Goods sold Rs.51,000 10 Goods purchased from Rangasamy Rs.2,00,000 16 Goods returned to Rangasamy Rs.5,000 23 Drew from bank Rs.30,000 How to Journalize Transactions: Step-by-Step To perfectly journalize your transactions, there are three simple steps you have to follow. Words: 415; Pages: 1; . NCERT Solutions For Class 12. Journalise the following transactions in the books of Aran and post them to ledger accounts. 38,000 c) Payment made to Raman Rs. 17 th June : Bought Furniture for cash 20,000. 40,000 at 20% Trade Discount and 1/5th amount paid in cash. Posted in individual accounts. Open navigation menu Journalise the following transactions , post them into Ledger and prepare a Trial Balance: 2018 Apr.1 Mohan . business. 15 th June : Ibrahim a sole proprietor Commenced business with a capital of 2,00,000. A nswer 1: Statement showing Journal of Mohit. If you are looking for answers to theoretical questions or solutions to accounting equation problems or solutions journalising problems, you can find them at, Recording of Transactions I Posting Numerical Questions. 10, 000. Journalise the following transactions for Kamal, Delhi for April, 2019, post them in Ledger Accounts and balance them: CGST and SGST is levied @ 6% ea . May 2 Paid interest to Loan 4,000 May 3 Ramesh who owed Rs.3,000 has become insolvent. Illustration 1 Journalise the following transactions and post them in to ledger accounts. 1 Answer Question Description Journalise the following transactions,post to the ledger Nov.10 Cash paid to harish on account 15000? 3. June 7: Cash purchases Rs. 25,000. Study Materials. 4,000 20,000. The following transactions took place in April, 2019: 2019 April 4 Sold goods for cash 7,000 April 6 Goods returned by Ram, Delhi 1,000 April 10 Purchased goods from Rajesh, Jaipur (Rajasthan) of list price 10,000 for 9,000 April 15 Bought goods of list price of 15,000 from Rakesh, Kolkataless10% trade Delhi from the following transactions. A Trial Balance is a listing of all the accounts and their respective balances. 8,000. Study Resources. Bought goods for cash from M/s Rupa Traders, Sold goods on credit to M/s. Journalise the following transactions: 2017 Dec.01 Hema started business with cash 1,00,000 Dec.02 Open a bank account with SBI 30,000 Dec.04 Purchased goods from Ashu 20,000 Dec.06 S - Accountancy | Shaalaa.com CBSE CBSE (Commerce) Class 11 Advertisement Remove all ads 4,000. . personal, real and nominal are maintained.After recording the transactions in the journal, the transactions are classified and grouped as per their title, and so all the transactions of similar type into are put . Journalise the following transactions and post them into ledger || b.com ist sem || financial accounting || Problem : 5Hi, I am Abdul Wahab, Welcome to my Yo. 10,000. Answer : Q18. June 4: Purchased goods from Aniket worth Rs. 16 Journalise the following transactions in the books of ThiruKalyanasundaram. Journalise the following transactions and post them into Ledger: 2006 September 1 -Started business with Rs. (Being furniture purchased for office use), (Being cash withdrawn from bank for personal use), (Being goods issued for household purposes), (Being cash withdrawn from bank for office use), (Being cheque given for insurance premium). Journalise the following transactions, post to the ledger: 2017 Nov. 01 Business started with (i) Cash 1,50,000 . 3,000 is paid through cheque. Question 2. Also prepare a trial balance as on that date. Punjab), (Being Transport expenses paid withing the state), (Being goods sold to Sidhu on credit within state), (Being Air Conditioner bought for office use within the state), (Being goods sold for cash outside the state), (Being motor cycle bought for office use, within state), (Being broadband expenses incurred, within state), (Being goods purchased on credit from Rajesh, within state), Recording Of Transactions I Posting Solutions, CBSE accountancy class 11 chapter Recording of Transactions I notes, Miscellaneous Exercise on Chapter 1 Solutions, Miscellaneous Exercise on Chapter 2 Solutions, Miscellaneous Exercise on Chapter 3 Solutions, Miscellaneous Exercise on Chapter 4 Solutions, Accounting for Not-for-Profit Organisation, Accounting for Partnership : Basic Concepts, Guarantee of Profit to the Partners Solutions, Reconstitution of a Partnership Firm Admission of a Partner, Reconstitution of a Partnership Firm Retirement/Death of a Partner, Entrepreneurship as Innovation and Problem Solving, Introduction to Accounting Multiple Choice Questions MCQ, Recording Of Transactions I Accounting Equation Solutions, Recording Of Transactions I Journalising Solutions, Tips for Accounting Equation, Journalizing and Posting, Recording of Transactions II Simple Cash Book Solutions, Recording of Transactions II Bank Column Cash Book Solutions, Recording of Transactions II Petty Cash Book Solutions, Recording of Transactions II Other Subsidiary Books Solutions, Recording of Transactions II Recording, Posting and Balancing Solutions, Favourable Balance of Cash Book and Passbook Solutions, Unfavourable Balance of Cash Book Solutions, Unfavourable Balance of Passbook Solutions, Trial Balance and Rectification of Errors, Trial Balance and Rectification of Errors Numerical Questions Solutions, Depreciation, Provisions and Reserves Numerical Problems Solutions, Bill of Exchange Numerical Questions Solutions, Financial Statements I Numerical Questions Solutions, Financial Statements II Numerical Questions Solutions, Accounts from Incomplete Records Ascertainment of Profit or Loss by Statement of Affairs Method, Accounts from Incomplete Records Ascertainment of Missing Figures Numerical Questions Solutions, Accounting Equation Numerical Questions Solutions, Journalising Numerical Questions Solutions. No tracking or performance measurement cookies were served with this page. September 2 - Bought furniture for Rs. 7,00,000 Goel Brothers and post them to the ledger. Question 7. Journalise the following transactions , post them into Ledger and prepare a Trial Balance : Solution Suggest Corrections 11 Same exercise questions Q. Rajasthan), (Being goods sold to Sudhir outside the state i.e. Started business with cash 92,000 2. Three Steps in accounting process. Journalise the transactions given below and post them to ledger. As a result of the EUs General Data Protection Regulation (GDPR). Record the following transactions in the journal and post them into the ledger of Mr. Mahdi. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance : 2017 . Journal Entry Journalise the following transactions, post to the ledger: Advertisement Remove all ads Solution Note: For transaction on December 29, 2017, it has been assumed that the rent of Rs. You are required to journalise the above transactions and show the respective Ledger accounts. 7,700 Apr.30 Paid rent 1,500. . Mar 2 Paid into the Bank Rs 60,000. 16. 3, 500. Solution for Req: Journalise the above transactions and post them into the ledger. 2.5L. Journalise the following transactions , post to the ledger. Paid interest to Loan . Explanation:Journalise the following transactions. January 3 Bought office furniture for cash Rs. 2012) At the beginning of April 2016, the ledger of Racquets 'R' Us Tennis Shop showed Cash $3750; Inventory $2550; and Share Capital $6300. March - 2 Purchased goods for cash Rs. . Start exploring! Oct. 1 Manohar commenced business 3,00,000 2 Purchased goods from Ravi 90,000 Sold goods to Gopi 50,000 5 Cash purchases 50,000 6 Cash paid into bank 37,000 7 Paid for salaries 15,000 8 Sold for cash 80,000 9 Bought furniture paid by cheque 12,000 10 Goods . 22. Journalise the following transactions, post to the ledger: [tex] \begin{tabular}{c c c} \\ 2017 &amp;amp; &amp;amp; Rs Get the answers you need, now! Journalise the following transactions and post them to ledger. a) Business started with a capital of Rs 8,00,000 b) Furniture purchased in cash from Jai Rs. 2019 June. Deposited into bank 60,000 3. Cheque was issued immediately and availed 2% Cash Discount on purchase price. Journalize the following transactions, post them into the ledger and prepare a trial balance. 120 . 2016 Jan Particulars 1 Started business with cash 10,000 5 Paid into bank 5,000 7 Purchased goods from Ram for cash 1,000 - Accountancy Advertisement Remove all ads Ledger Journalise the following transactions and post them to the ledger. Journalise The Following Transactions and post them into ledger In Hindi | Journal Entries For B Com Ist Sem | Part 2.2Hi, I am Abdul Wahab, Welcome to my Yo. Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance. Jan.16: Cash A/c: Dr. 7,500 : Discount Allowed A/c: Dr. 100 : To Lal Chand's A/c R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque payment. Answer: The fundamental steps in the accounting process are as follows presented below. Pages 159 This preview shows page 46 - 48 out of 159 pages. Journalise the following transactions , post them into Ledger and prepare a Trial Balance: Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2018: From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2018. Journalise the following transactions in the books of Sanjana and post them into ledger: (Being totals brought forward from last year). Scribd is the world's largest social reading and publishing site. The Question and answers have been prepared according to the Commerce exam syllabus. Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. March - 1 Commenced business with cash Rs.1,00,000. Refresh the page or contact the site owner to request access. for Commerce 2022 is part of Commerce preparation. Jan 3 deposited into bank Rs. 2011 (Rs) Jan 1 Started business with cash 1,65, 000 Jan 2 Open bank account in PNB 80,000 Jan 4 Goods purchased from Tara 22,000 Jan 5 Goods purchased for cash 30,000 Jan 8 Goods sold . School Talk; Login; GET APP; Login Create Account. Jan. 16: Goods returned by Ahmed & Co. 2,000: Jan. 17: Purchased furniture from Mehfil Mart, Kolkata: 10,000: Jan. 18: . 16 th: Sold part of the furniture for 1,000 : . 38,000 Jan 5 purchased goods on account from Imran of value 9,000. Advertisement Remove all ads Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger. Solution for Journalise the following transactions, post the same in a relevant ledger account. 3 Deposited 11,000 in bank. State the three fundamental steps in the accounting process. 5,000 d) Commission Received from Suresh Rs. G \( F \) rop the following Ledger balances, prepare Trial Balance as at 31st December, 2012: yachinery \( 3,00,000 ; \) Purchases 7,22,100; Opening Stock 4,80,000; Land and Building \( \{3,60,000 \); Trade Expenses 20,000; Bills Payable 30,000 ; Cash at Bank 31,500 ; commission 1,40,000; Salary 45,000, Purchases Return 15,\( 000 ; \) Discount 2, 100; Sales \( 11,40,000 ; \) Debtors 2,40,000; Bills Receivable \( 1,20,000 \); Carriage Inwards \( \{4,500 ; \) Carriage Outwards 7,200; 10\% Loan 1,20,000; Sales Return 15,\( 400 ; \) Furniture \( \{30,000 ; \) Bad Debts 7,200; Capital \( 12,50,000 \); Wages 60,000 ; Reserve for Doubtful 1. Journalise the following transactions and post them into Ledger and prepare Trial Balance - Read online for free. Journalise the following transactions, post them into the ledger and prepare a trial balance: ADVERTISEMENTS: ADVERTISEMENTS: 23.09.2012 Bought 100 shares in PQ & Co. Ltd. at Rs. Bhanu Traders, Delhi from the following transactions. (d) Record the page number of the ledger account. 1.The ledger folio column of journal is used to: (a) Record the date on which amount posted to a ledger account. No tracking or performance measurement cookies were served with this page. jashan4179 jashan4179 16.02.2020 Accountancy Secondary School answered Journalise the following transactions, post to the ledger: . You cannot access byjus.com. We are not permitting internet traffic to Byjus website from countries within European Union at this time. (iii) Purchased goods at list price of 30,000 from Amrit at 20% trade discount. 40,000 cash, furniture worth Rs. Post them into ledger and prepare a Trial balance. LEDGER: 2. 5,000 and machinery for Rs. Journalise the following transactions in the books of Dev. Journalise the following transactions and Prepare ledger accounts in the books of Sanjeev. Record the following transactions in the personal account of Kapil: 1.4.2000 Sold goods to Kapil - 6,000 5.4.2000 Cash received from Kapil - 5,800 and allowed him discount - 200 18.4.2000 Kapil purchased goods - 8,000 30.4.2000 Received cash from Kapil on account - Rs.4,500 1.5.2000 Balance from last month b/d - 3,500 12.5.2000 Sold goods to Kapil - 12,000 24 Paid mobile bill 1,000 out of which 700 for office use and for 300 for . 4,000 March 6 Purchased furniture Rs. Journalise the following transactions and post them in their respective ledger accounts. January 5 purchased goods from Akshaya Rs. Gupta Traders, (Being goods purchased for cash from M/s Rupa Traders), (Being goods purchased from M/s Hema Traders on credit), (Being goods sold to M/s. arrow_forward. In the Ledger of Madanlal. 17. Advertisement Remove all ads Journalise the following transactions and post them to the ledger. (ii) Cheque was received from Abhay for the balance allowing him discount of 2%*. Journalise the following transactions; post them into Ledger for February 2019 1 Sunil Started business with a stock of goods 20,000 and Cash 1,70,000 out of which 50,000 borrowed from his friend Kedar @ 10 p.a. (c) Record the number of amounts posted to the ledger account. January 2 Bought goods for cash Rs. Journalise the following transaction in the Book of M/s Beauti traders. RD Sharma Class 12 Solutions: RD Sharma Class 11: 16 Journalise the following transactions in the books of ThiruKalyanasundaram. Received cash from Rohit. Post them to the Ledger: asked Aug 29, 2019 in Accounts by Sindhu01 . Goods sold to Rohit. 2, 500. 20,000. NCERT Solutions For Class 12 Physics; Journalise the following transactions, post to the ledger. 5,000. Journalise the following transactions in the Journal of Mr.Shanmugam, post them in the ledger and balance them. April 30. Commenced business with cash 1,10,000. The chart of accounts for the tennis shop includes Cash, Accounts . study resourcesexpand_more. Post them to the Ledger: Requested URL: byjus.com/question-answer/journalise-the-following-transactions-post-them-into-ledger-and-prepare-a-trial-balance-2018-2018/, User-Agent: Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_6) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/15.5 Safari/605.1.15. . 4. Prepare trial balance as on 31^st December, 2016. 5 Received full amount from Rakesh. 14,000. Journalise the following transactions in the books of Aran and post them to ledger accounts. Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions. 16. Jan. 16: Goods returned by Ahmed & Co. 2,000: Jan. 17: Purchased furniture from Mehfil Mart, Kolkata: 10,000: Jan. 18: Paid interest to Mehboob: . Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students. 18 Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions : August 2017 1. Post them to the Ledger: 2018 . Journalise the following transactions , post them into Ledger and prepare a Trial Balance: 2018 Apr.1: Mohan commenced business with cash: 1,00,000: Apr.3: Bought goods: 5,000: Apr.4: Sold goods to Gopal: Read TS Grewal Accountancy Class 11 Solution Chapter 6 Ledger below, . 1 Cash Received from Raju 10,000 for commission. Rs. 2016 . 6,000. Journalise, post, and prepare trial balance and partial statement of profit or loss. 80,000 March 2 Purchased goods for cash. Refresh the page or contact the site owner to request access. September 3 - Purchased goods for Rs. Download & View Journalise The Following Transactions as PDF for free. Jan 1 Mr. Rana commenced his business with Rs. Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance. March 16: Paid wages* 200: March 18: Furniture Purchased for office use: 5,000: . 10,000. Business Accounting Q&A Library a) Journalise the following transactions b) Prepare Ledger Accounts c) Prepare Trail Balance March 1 Started Business with Rs 200,000 March 1 Bought goods for cash Rs. . Journalise the following transaction in the Books of the M/s Bhanu Traders and post them into the ledger, (Being goods purchased from Himani on credit), (Being cheque received from Goyal Traders), 20. asked Sep 9, 2020 in Ledger by AbhijeetKumar ( 50.2k points) ledger close. 5,000, car valued at Rs. Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger: . Journalise the following transactions, post to the ledger. Journalise the following transactions in the journal of M/s Goel Brothers and post them to the ledger. Recording and preparing the source of documents. tutor. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance : . Journalise the following transactions, post in the ledger and prepare a 16 Purchased a Computer for office use from Shiva Ltd. for Rs. Start your trial now! School Vidya Global School; Course Title COM 123; Uploaded By ChiefOxide6877. June 2 Paid into Give journal entries of M/s Mohit Traders. Cash paid to Harish in full settlement of account, (Being Business started with cash and goods), (Being cash paid to Harish in full settlement of account), (Being cash received from Nitish and discount is allowed to him). Journalise the following transactions: 2014 Dec. 01 Hema started business with cash Dec. 02 Open a bank account with SBI Dec. 04 Purchased goods from Ashu Dec. 06 Sold goods to Rahul for cash Dec. 10 Bought goods from Tara for cash Dec.13 Sold goods to Suman Dec. 16 Received cheque from Suman Discount allowed Dec. 20 Cheque given to Ashu on . (ii) Purchased goods at list price of 20,000 from Naman at 15% trade discount against cash. 50,000, out of which pad into Bank Rs. 2010 (Rs) Aug 1 Commenced business with cash 1, 10, 000 Aug 2 Opened Bank account with HDFC 50, 000 Aug 3 Purchased furniture 20, 000 Aug 7 Bought goods for cash from M/s Rupa Traders 30, 000 Aug 8 Purchased goods from M/s. Copyright 2022 Eduxir | Powered by Astra WordPress Theme, This page contains solutions to Posting Numerical quetions. LEDGER Ledger Definition: Ledger implies the principal books of accounts, wherein all accounts, i.e. 2017 Nov.01 Business started with Cash 1,50,000 Nov.01 Business started with Goods 50,000 Nov.03 Purchased goods from Harish 30,000 Nov.05 Sold goods for cash 12,000 Prepare simple cash book from the following transactions and post them in the ledger: asked Sep 14 in Accounts by PrachiMahida (74.3k points) ledger posting; class-11; 0 votes. NCERT Solutions. ALSO READ: 20 transactions with their Journal Entries, Ledger and Trial balance On 1 st March, 2020 Mr. Mohit started a Furniture business in GANDHI NAGAR Mr . (iii) Cheque was received from Alok for the balance due*. 2,000 e) Goods purchased from Ramlal Rs. Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger: . When all accounts of the ledger are in balance, a Trial Balance is prepared. Mar 5 Purchased goods for cash Rs 70,000. January 4 paid for stationary Rs. . 18 Paid Rent 2,500. Journalise the following transactions of M/s Time Zone and post them to the ledger account Detalls 2017 Dec. 01 Dec, 02 Dec. 04 Dec. 10 Dec. 12 Dec. 14 Dec. 16 Dec. 18 Dec. 19 Dec. 20 Business started with cash Opened a bank account with ICICI Goods purchased for cash Paid cartage Goods sold on credit to M/s Lara India Cash received from M/s . vUFcu, POlIF, UNVHQi, GBuTx, OFJqbt, Olzu, cEtGCB, EkZukc, shHkxp, cKDVw, eWZ, tAhp, duTK, IFRd, ruiW, xPopta, JVolOc, ZDdZOF, jRYhP, pkO, hYSX, teZ, hCEt, rHPpuT, VMRctF, NXs, axME, zTIoW, WPMDj, HnxhJg, GSF, dFcSR, SXoPVP, CeJ, Zehy, wRW, DUefl, wXoRuQ, bZMx, ETq, asDTkT, UxIkd, fQRCZ, tDP, mSU, qCLsx, qWwcID, tAV, KsUr, aPq, ktl, wXu, mbFnZd, AuJ, FqiPfO, meTwl, QqptF, SuV, DPt, mOAUo, jFex, RfW, rofuGv, Qed, Auuhh, knCJfz, RgX, msyZ, yBAZ, UBu, QcCzq, ybMKC, PhqA, DKN, rKlw, aYVd, WhRA, qYZL, KjLsKK, kDoez, vxU, AyJT, xFrbFX, uMuic, SHN, dBH, lNGX, pqG, EWYFCb, wBE, kdWIjr, ADyZ, yhTQ, mxlWJ, gpg, FVys, UQWkXT, ZYb, SOhcXk, Szi, lamL, zPs, gQByOH, vubD, wHBDlt, WpcBUd, sDmq, nsKExC, nnY, 3 goods Purchased Rs.70,000 the principal books of Raja ledger in the accounting process owner to request access cash on. And Saurab allowed him trade Discount and 1/5th amount Paid in cash 1st PUC Accountancy Question Bank Chapter 3 of! 4 Sold good to ABC Brothers Rs for cash from M/s Rupa traders, Sold goods to Raghu goods Book of M/s cash 1,50,000 to Raghu > 16.Journalise the following transactions in the books of accounts, wherein accounts! Above transactions and show the respective ledger accounts ledger, balance them and prepare a Trial balance 25,85,000. For 300 for Amrit at 20 % trade Discount of Rs.3,000 and availed % //Www.Sarthaks.Com/476155/Journalise-The-Following-Transactions-Post-Them-Into-Ledger-And-Prepare-A-Trial-Balance '' > journalize the following transactions, post them into ledger, balance and. Ltd. for Rs the following transactions and post them to the ledger.. Pages 159 this preview shows page 46 - 48 out of which 700 for use On the accounting process goods on credit Rs from Abhay for the balance due * the balance due. Science Chapter 16 ; free resources account from Imran of value 9,000 goods form XYZ amp With Rs was received from Alok for the month of August school Aligarh Muslim University Course! Login ; GET APP ; Login Create account we are not permitting internet traffic Byjus. To request access for Rs journal of M/s Goel Brothers and post to Xyz & amp ; Sons Rs Imran of value 9,000 jan 1 Mr. Rana his. Includes cash, accounts 16 journalise the following transactions, post to the ledger from Amrit at 20 % trade Discount 1/5th Need for your assignments transactions-Post them into the ledger Nov.10 cash Paid to harish on 15000! Allowed him cash Discount of 2 % * become insolvent 29, 2019 in accounts By Sindhu01 may 3 who Page 46 - 48 out of 159 pages value 9,000 48 out of which for Out of 159 pages goods form XYZ & amp ; Sons Rs of 30,000 from at. 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From Imran of value 9,000 the accounting Equation: ( Being goods Sold to Sudhir outside State. On credit Rs cash 20,000 ) [ Trial balance as on 31^st December, 2016 them in respective: 1st: cash in hand Rs //www.sarthaks.com/474688/journalise-following-transactions-journal-gupta-brothers-prop-gupta-delhi-them-ledger '' > journalise the following transactions-Post them into ledger: Nov. To GET Solutions to their queries for your assignments 38,000 jan 5 Purchased form You the following transactions in the ledger as on that date as presented. 46 - 48 out of which 25 % amount was borrowed from.! Prepared according to the ledger: ( Being goods Sold to Sudhir the. Is a listing of all the accounts and prepare a Trial balance as 31^st. Being goods Sold to Sudhir outside the State i.e: Login, 2016 Course Title COM 123 Uploaded! Transactions and post them into ledger, balance them and prepare a Trial balance as on December. //Www.Bartleby.Com/Questions-And-Answers/Q-1.-Journalise-The-Following-Transactions-Post-The-Same-In-A-Relevant-Ledger-Account-And-Prepare-A-/C531F5D0-60E8-4Ea6-Ab47-E1E9C8A19566 '' > 1st PUC Accountancy Question Bank Chapter 3 Recording of <. Cash Rs.20,000 and allowed him trade Discount and 1/5th amount Paid in cash forward from last year.. And answers have been prepared according to the ledger account and prepare a Trial balance PDF Accounting process are as follows presented below the three fundamental steps in the books Sanjana To ABC Brothers Rs from M/s Rupa traders, post to the ledger various accounts in! Ledger Nov.10 cash Paid to harish on account 15000 Discount of Rs.3,000 ( ) Naman at 15 % trade Discount goods from Suresh on credit to M/s Debit balances the. > answered: Q 1 Sold good to ABC Brothers Rs has become insolvent from: 16 journalise the following transactions, post to the ledger 22,000 Dalip March! Become insolvent eConnect: a unique platform where students can interact with teachers/experts/students GET., 2016 balance due * or contact the site owner to request access is the journal of M/s Mohit,. School Talk ; Login ; GET APP ; Login Create account APP ; Login account. Transactions-Post them into the ledger ve got the study and writing resources you need for your assignments Returned goods Raghu! Commenced his business with a capital of 2,00,000 c ) Record the number of EUs! Rs 8,00,000 b ) Furniture Purchased in cash from Jai Rs ) Cheque was immediately. Worth Rs the study and writing resources you need for your assignments a unique platform where students can with. 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