Journalize, post to ledger accounts, and prepare trial balance: Ram brought capital of Rs. 15,00,000 Purchase of

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Journalize, post to ledger accounts, and prepare trial balance:
Ram brought capital of Rs. 15,00,000
Purchase of machinery for Rs. 3,00,000
Cash purchases — Rs. 2,50,000
Paid salaries — Rs 40,000
Rent received — Rs. 20,000

Paid wages — Rs. 16,000
Credit purchases from Rajaram — Rs. 20,000
Cash sales — Rs. 3,20,000
Purchase of stationary — Rs. 5,000
Paid cash to Rajaram Rs. 19, 800 in the fi nal settlement of his account
Sold goods – Rs. 80,000
Paid for advertising – Rs. 12,500
Received commission – Rs. 1,200

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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