Example-1

Write the following transaction in the journal of Mr. Chetan and also post them in the ledger. Prepare
Trial Balance on the basis of closing balance of the various accounts.

May 1 Started business with Rs. 10000 cash and Furniture worth Rs .8000

May 2 Weight Scale purchase worth Rs. 1000

May 3 Rs. 400 paid for advertisement

May 4 Goods worth Rs. 5000 purchased on 10 % trade discount from Vishal

May 5 Goods sold to Vimal worth Rs 6000 adding 20% profit with 10 % trade discount.

May 6 Rs. 60 paid for carriage inward & Rs. 50 paid for wages

May 7 Opened a Bank account with SBI with Rs. 6000

May 8 Cheque given to Jinesh Rs. 1500

May 9 Cash Received from Rinkesh Rs. 8000 and also cheque received of Rs. 1500 which is deposited in
Bank

May 10 Furniture purchased from Novelty furniture worth Rs. 5000

May 12 Goods worth Rs. 4000 sold to Jatin on 10% trade discount

May 15 Goods purchased from Sandhya Rs. 2000 on cash.