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Ledger & Trial Balance

The document provides three questions with transactions to prepare ledgers from. The first question gives transactions for Aksha's business starting with Rs 50,000 cash on 1/1/2017 including purchasing goods, selling goods, and paying expenses. The second question gives transactions for Akash's business starting with Rs 100,000 cash on 11/1/2016 including various purchases, sales, payments and bank transactions. The third question provides transactions for Ali's business starting with Rs 250,000 cash and depositing into the bank on 7/1/2017, including various purchases, sales, payments, and introducing an office into the business. Ledgers are to be prepared from the transactions provided for each business.

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Ravi Udeshi
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152 views1 page

Ledger & Trial Balance

The document provides three questions with transactions to prepare ledgers from. The first question gives transactions for Aksha's business starting with Rs 50,000 cash on 1/1/2017 including purchasing goods, selling goods, and paying expenses. The second question gives transactions for Akash's business starting with Rs 100,000 cash on 11/1/2016 including various purchases, sales, payments and bank transactions. The third question provides transactions for Ali's business starting with Rs 250,000 cash and depositing into the bank on 7/1/2017, including various purchases, sales, payments, and introducing an office into the business. Ledgers are to be prepared from the transactions provided for each business.

Uploaded by

Ravi Udeshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP

Contact 9033311500, 8866611600


Ledger
Q1. Aksha started business with cash Rs 50,000 on 1.1.2017
3. Purchased goods Rs 20,000
4. Sold goods Rs 15,000
5. Paid for carriage Rs 1,500.
7. Paid for office rent Rs 1,200
8. Paid for salary Rs 2,000.
Prepare Ledgers from the above data.

Q2. Akash started business with cash Rs 100,000 on 1st November 2016.
3. Paid into bank Rs 20,000.
5. Purchased furniture for cash Rs 5,000
7. Purchased goods and paid by cash Rs 2,000.
9. Purchased goods and paid by cheque Rs 5,000
12. Paid carriage Rs 10,000.
14. Purchased goods from Gupta & Sons 17,000
16. Settled Gupta & Sons account with cheque after a discount of 1%.
18. Sold goods to Nirav Rs 25,000
19. Distributed goods as free samples Rs 1,500.
23. Nirav paid Rs 20,000.
24. Paid for rent Rs 5,000 by cheque.
26. Sold goods Rs 70,000.
28. Withdrew from bank for personal use Rs 2,500.
Prepare ledgers from the above.

Q3. Ali started business with cash Rs 250,000 on 1st July 2017. The following are his transactions.
2. Deposited cash and initiated a current Rs 150,000.
3. Purchased goods Rs 200,000, paying Rs 70,000 by cash and balance by cheque.
4. Sold goods costing Rs 90,000 for Rs 120,000
6. Distributed goods as free samples Rs 5,000
7. Withdrew goods for personal use Rs 8,000
9. Purchased goods from Deepa & sons Rs 40,000
10. Sold goods Rs 210,000.
12. Deepa & Sons returned goods Rs 5,000
14. Paid for carriage Rs 1,000
15. Paid for advertising Rs 30,000
17. Deepa settled her account by cheque after deducting 5% cash discount.
18. Paid electricity Rs 2,000
21. Ali introduced office into business Rs 200,000.
25. Purchased goods from Kali sons Rs 40,000, discount allowed @ 10%.
27. Paid salary to staff Rs 15,000 by cheque.
28. Settled Kali sons account with a cheque of Rs 35,500.
30. Paid office miscellaneous expenses Rs 3,000.
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600

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