1.

​​Journalise the following transactions, post them into Ledger and prepare a Trial Balance: 2019 (₹) 2019 (₹) April 1 Mohan commenced business with cash 1,00,000 April 20 Received cash from Gopal 3,950 April 3 Bought goods 5,000 Discount Allowed 50 April 4 Sold goods to Gopal 4,000 April 25 Paid wages 700 April 10 Bought goods from Ram 8,000 April 27 Paid to Ram in full settlement 7,700 April 15 Paid trade expenses 2,000 April 30 Paid rent 1,500

Answer» ​​Journalise the following transactions, post them into Ledger and prepare a Trial Balance:





























































2019 (₹) 2019 (₹)


April 1
Mohan commenced business with cash

 1,00,000 April 20 Received cash from Gopal 3,950
April 3 Bought goods 5,000 Discount Allowed 50
April 4 Sold goods to Gopal 4,000 April 25 Paid wages 700
April 10 Bought goods from Ram 8,000 April 27 Paid to Ram in full settlement 7,700

April 15
Paid trade expenses

 2,000 April 30 Paid rent 1,500


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