Financial Accounting - Old Questions

19.The following transactions provided by Kathmandu trader to you.

July, 1, 2018 Started business on cash Rs.5,50,000 and Furniture Rs.50,000

July, 2, Cash deposited into bank Rs.1,00,000

July,6, Goods purchased from Newa store on credit Rs. 1,00,000 and cash Rs.50,000.

July, 8, Goods sold on cash Rs.30,000.

July, 12, Goods sold to Dangol store at Rs.45,000.

July, 18, Goods of Rs.25,000 purchase from Tamang store.

July, 22, Payment made by cheque to Newa Store Rs. 90,000 in full settlement (discount received Rs.10,000).

July, 25, Cash received from Dangol store as partial payment in cash

Rs.24,000 and discount given Rs. 1,000.

July, 28, Purchase of computer for office use at Rs.50,000 and paid made by cheque.

July,29, Goods of Rs.5000 drawn by owner for private purpose.

July 30, Paid salary in cash Rs.12,000 and rent by cheque Rs.8,000

Required: a. Journal entries b. Ledger accounts c. Trial balance [5+4+1]