ournalise the following transactions and post them into Ledger: 2006 September 1 -Started business with Rs. 50,000, out of which pad into Bank Rs. 20,000. September 2 - Bought furniture for Rs. 5,000 and machinery for Rs. 10,000. September 3 - Purchased goods for Rs. 14,000. September 6 - Sold goods for Rs. 8,000. September 8 -Purchased goods from Malhotra and Co. Rs. 11,000. September 10- Paid telephone rent for the year by cheque Rs. 500. September 11- Bought one typewriter for Rs. 2,100 from Universal Typewriter Co. on credit. September 15- Sold goods to Keshav Ram for Rs. 12,000. September 17- Sold goods to Rajesh Kumar for Rs. 2,000 for cash. September 19- Amount withdrawn from bank for personal use Rs. 1,500. September 21- Received cash from Keshav Ram Rs. 11,900, discount allowed Rs. 100. September 22- Paid into bank Rs. 5,800. September 23- Bought 50 shares in X Y and Co. Ltd at Rs. 60 per share, brokerage paid Rs. 20. September 25- Goods worth Rs. 1,000 found defective were returned to Malhotra and Co. and the balance of the amount due to them settled by issuing a cheque in their favour. September 28- Sold 20 shares of X Y and Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20. September 28 -Brought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000. September 30- Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh. September 30 -Issued a cheque for Rs. 1,000 in favour of the landlord for rent for September. September 30- Paid salaries to staff Rs. 1,500 and received from travelling salesman September 30 -Rs. 2,000 for goods sold by him, after deducting the travelling expenses Rs. 100. September 30- Paid for: Charity Rs. 101 Stationary Rs. 450 Postage Rs. 249
Journalise the following transactions and post them into Ledger:
2006
September 1 -Started business with Rs. 50,000, out of which pad into Bank Rs. 20,000.
September 2 - Bought furniture for Rs. 5,000 and machinery for Rs. 10,000.
September 3 - Purchased goods for Rs. 14,000.
September 6 - Sold goods for Rs. 8,000.
September 8 -Purchased goods from Malhotra and Co. Rs. 11,000.
September 10- Paid telephone rent for the year by cheque Rs. 500.
September 11- Bought one typewriter for Rs. 2,100 from Universal Typewriter Co. on credit. September 15- Sold goods to Keshav Ram for Rs. 12,000.
September 17- Sold goods to Rajesh Kumar for Rs. 2,000 for cash.
September 19- Amount withdrawn from bank for personal use Rs. 1,500.
September 21- Received cash from Keshav Ram Rs. 11,900, discount allowed Rs. 100.
September 22- Paid into bank Rs. 5,800.
September 23- Bought 50 shares in X Y and Co. Ltd at Rs. 60 per share, brokerage paid Rs. 20. September 25- Goods worth Rs. 1,000 found defective were returned to Malhotra and Co. and the balance of the amount due to them settled by issuing a cheque in their favour.
September 28- Sold 20 shares of X Y and Co. Ltd. at Rs. 65 per share, brokerage paid Rs. 20. September 28 -Brought goods worth Rs. 2,100 from Ramesh and supplied them to Suresh at Rs. 3,000.
September 30- Suresh returned goods worth Rs. 100, which in turn were sent to Ramesh.
September 30 -Issued a cheque for Rs. 1,000 in favour of the landlord for rent for September. September 30- Paid salaries to staff Rs. 1,500 and received from travelling salesman
September 30 -Rs. 2,000 for goods sold by him, after deducting the travelling expenses Rs. 100. September 30- Paid for: Charity Rs. 101 Stationary Rs. 450 Postage Rs. 249
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