The following balances of ledger of M/s Marble Traders on April 1, 201

1.	The following balances of ledger of M/s Marble Traders on April 1, 2011 RsCash in hand6,000Cash at bank12,000Bills receivable7,000Ramesh (Cr)3,000Stock (Goods)5,400Bills payable2,000Rahul (Dr)9,700Himanshu (Dr)10,000 Transactions during the month were AprilRs01Goods sold to Manish3,00002Purchased goods from Ramesh8,00003Received cash from Rahul in full settlement9,20005Cash received from Himanshu on account4,00006Paid to Ramesh by cheque6,00008Rent paid by cheque1,20010Cash received from Manish3,00012Cash sales6,00014Goods returned to Ramesh1,00015Cash paid to Ramesh in full settlement3,700Discount received30018Goods sold to Kushal10,00020Paid trade expenses20021Drew for personal use1,00022Goods return from Kushal1,20024Cash received from Kushal6,00026Paid for stationery10027Postage charges6028Salary Paid2,50029Goods purchased from Sheetal Traders7,00030Sold goods to Kirit6,000Goods purchased from Handa Traders5,000 Journalise the above transactions and post them to the ledger.
Answer» The following balances of ledger of M/s Marble Traders on April 1, 2011 $\begin{matrix} Rs Cash in hand & 6, 000 Cash at bank & 12, 000 Bills receivable & 7, 000 Ramesh (Cr) & 3, 000 Stock (Goods) & 5, 400 Bills payable & 2, 000 Rahul (Dr) & 9, 700 Himanshu (Dr) & 10, 000 \end{matrix}$ Transactions during the month were $\begin{matrix} April & Rs 01 & Goods sold to Manish & 3, 000 02 & Purchased goods from Ramesh & 8, 000 03 & Received cash from Rahul in full settlement & 9, 200 05 & Cash received from Himanshu on account & 4, 000 06 & Paid to Ramesh by cheque & 6, 000 08 & Rent paid by cheque & 1, 200 10 & Cash received from Manish & 3, 000 12 & Cash sales & 6, 000 14 & Goods returned to Ramesh & 1, 000 15 & Cash paid to Ramesh in full settlement & 3, 700 Discount received & 300 18 & Goods sold to Kushal & 10, 000 20 & Paid trade expenses & 200 21 & Drew for personal use & 1, 000 22 & Goods return from Kushal & 1, 200 24 & Cash received from Kushal & 6, 000 26 & Paid for stationery & 100 27 & Postage charges & 60 28 & Salary Paid & 2, 500 29 & Goods purchased from Sheetal Traders & 7, 000 30 & Sold goods to Kirit & 6, 000 Goods purchased from Handa Traders & 5, 000 \end{matrix}$ Journalise the above transactions and post them to the ledger.

The following balances of ledger of M/s Marble Traders on April 1, 2011 RsCash in hand6,000Cash at bank12,000Bills receivable7,000Ramesh (Cr)3,000Stock (Goods)5,400Bills payable2,000Rahul (Dr)9,700Himanshu (Dr)10,000 Transactions during the month were AprilRs01Goods sold to Manish3,00002Purchased goods from Ramesh8,00003Received cash from Rahul in full settlement9,20005Cash received from Himanshu on account4,00006Paid to Ramesh by cheque6,00008Rent paid by cheque1,20010Cash received from Manish3,00012Cash sales6,00014Goods returned to Ramesh1,00015Cash paid to Ramesh in full settlement3,700Discount received30018Goods sold to Kushal10,00020Paid trade expenses20021Drew for personal use1,00022Goods return from Kushal1,20024Cash received from Kushal6,00026Paid for stationery10027Postage charges6028Salary Paid2,50029Goods purchased from Sheetal Traders7,00030Sold goods to Kirit6,000Goods purchased from Handa Traders5,000 Journalise the above transactions and post them to the ledger.

Answer»

The following balances of ledger of M/s Marble Traders on April 1, 2011

$\begin{matrix} Rs Cash in hand & 6, 000 Cash at bank & 12, 000 Bills receivable & 7, 000 Ramesh (Cr) & 3, 000 Stock (Goods) & 5, 400 Bills payable & 2, 000 Rahul (Dr) & 9, 700 Himanshu (Dr) & 10, 000 \end{matrix}$

Transactions during the month were

$\begin{matrix} April & Rs 01 & Goods sold to Manish & 3, 000 02 & Purchased goods from Ramesh & 8, 000 03 & Received cash from Rahul in full settlement & 9, 200 05 & Cash received from Himanshu on account & 4, 000 06 & Paid to Ramesh by cheque & 6, 000 08 & Rent paid by cheque & 1, 200 10 & Cash received from Manish & 3, 000 12 & Cash sales & 6, 000 14 & Goods returned to Ramesh & 1, 000 15 & Cash paid to Ramesh in full settlement & 3, 700 Discount received & 300 18 & Goods sold to Kushal & 10, 000 20 & Paid trade expenses & 200 21 & Drew for personal use & 1, 000 22 & Goods return from Kushal & 1, 200 24 & Cash received from Kushal & 6, 000 26 & Paid for stationery & 100 27 & Postage charges & 60 28 & Salary Paid & 2, 500 29 & Goods purchased from Sheetal Traders & 7, 000 30 & Sold goods to Kirit & 6, 000 Goods purchased from Handa Traders & 5, 000 \end{matrix}$

Journalise the above transactions and post them to the ledger.

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