16. Enter the following transactions of a dealer in electrical goods in the appropriate subsidiary books:
| 2023 | ||
|---|---|---|
| Jan. 1 | Assets: Cash in hand ₹12,400; Stock ₹3,60,000; Debtors: Abhilash ₹20,000; Bhuwan ₹30,000, Charu ₹52,000; Furniture ₹2,25,000. Liabilities: Bank overdraft ₹38,000; Creditors: Dinesh ₹15,000, Eknath ₹25,000. |
|
| 3 | Purchased from Raghuraj & Sons: | |
| 80 electric kettles @ ₹300 each | ||
| 40 electric irons @ ₹420 each | ||
| 20% Trade Discount. | ||
| 5 | Withdrew from Bank | 20,000 |
| 6 | Acceptance received from Abhilash at one month for the amount due from him. | |
| 10 | Purchased a computer from Gursharan Bros, on credit for office use | 40,000 |
| 12 | Returned 10 electric kettles to Raghuraj & Sons. | |
| 14 | Paid Raghuraj & Sons by cheque the balance due to them. | |
| 15 | Paid to Gursharan Bros. ₹30,000 in cash and the balance by a cheque. | |
| 16 | Paid wages in cash | 500 |
| 20 | Purchased from Dinesh: | |
| 10 Washing Machines @ ₹16,000 each | ||
| 4 Vacuum cleaners @ ₹6,000 each | ||
| 15% Trade Discount | ||
| 22 | Sold to Charu | |
| 200 electric shavers @ ₹250 each | ||
| 400 toasters @ ₹150 each | ||
| 450 heaters @ ₹200 each | ||
| 10% Trade Discount | ||
| 24 | Received from Charu a cheque in full settlement of his account. The cheque is paid into bank. | 2,30,000 |
| 25 | Acceptance given to Dinesh for 30 days | 1,50,000 |
| 25 | Cheque issued to Dinesh in full settlement of his account | 21,000 |
| 25 | Sold for Cash 20 electric irons | 9,000 |
| 27 | Deposited into bank | 5,000 |
| 30 | Paid staff salaries by cheque | 15,000 |
| 30 | Bank charged incidental expenses ₹50 and charged interest ₹1,200. |
D.K.Goel/2024 Edition/Practical Questions/Q-16
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company