Information for [tex]$ABC$[/tex] company is given below:

a. Surendra started the business with cash Rs. 50,000 and bank deposit Rs. 100.
b. Purchased goods for inventory by issuing a cheque of Rs. 50,000.
c. Sold goods for cash and deposited Rs. 60,000 into the bank.
d. Paid rent for the month by issuing a cheque of Rs. 10,000.
e. Paid salaries of Rs. 15,000.
f. Drew Rs. 5,000 from the bank for personal use.

Required:
a) Journal Entries
b) Necessary Ledger
c) Trial Balance

[tex][3+4+1=8][/tex]

Sure, let's break down the solution step-by-step:

a) Journal Entries

Journal entries record the financial transactions in the company's books. Here are the entries based on the given information:

1. Surendra started business with cash Rs. 50000 and bank deposit Rs. 100
- Debit: Cash (50,000)
- Debit: Bank Deposit (100)
- Credit: Capital (50,100)

2. Purchased goods for inventory issuing a cheque Rs. 50000
- Debit: Inventory (50,000)
- Credit: Bank Deposit (50,000)

3. Sold goods in cash and deposited into bank Rs. 60000
- Debit: Bank Deposit (60,000)
- Credit: Sales (60,000)

4. Paid rent for the month Rs. 10000 by issuing a cheque
- Debit: Rent (10,000)
- Credit: Bank Deposit (10,000)

5. Paid salaries for Rs. 15000
- Debit: Salaries (15,000)
- Credit: Cash (15,000)

6. Drew for personal use Rs. 5000 from the bank
- Debit: Withdrawal (5,000)
- Credit: Bank Deposit (5,000)

Summary of Journal Entries:

| Date | Account | Debit (Dr) | Credit (Cr) |
|------------|----------------|------------|-------------|
| a. | Cash | 50000 | |
| | Bank Deposit | 100 | |
| | Capital | | 50100 |
| b. | Inventory | 50000 | |
| | Bank Deposit | | 50000 |
| c. | Bank Deposit | 60000 | |
| | Sales | | 60000 |
| d. | Rent | 10000 | |
| | Bank Deposit | | 10000 |
| e. | Salaries | 15000 | |
| | Cash | | 15000 |
| f. | Withdrawal | 5000 | |
| | Bank Deposit | | 5000 |

b) Necessary Ledger

A ledger account summarizes the transactions related to each account.

- Cash:
- Dr: 50,000 (initial cash)
- Cr: 15,000 (salaries)
- Ending Balance: `50,000 - 15,000 = 35,000`

- Bank Deposit:
- Dr: 100 (initial bank deposit)
- Dr: 60,000 (sales deposit)
- Cr: 50,000 (purchase of goods)
- Cr: 10,000 (rent)
- Cr: 5,000 (withdrawal)
- Ending Balance: `100 + 60,000 - 50,000 - 10,000 - 5,000 = -4,900`

- Inventory:
- Dr: 50,000 (purchase of goods)
- Ending Balance: `50,000`

- Sales:
- Cr: 60,000 (sales)
- Ending Balance: `60,000`

- Rent:
- Dr: 10,000 (rent)
- Ending Balance: `10,000`

- Salaries:
- Dr: 15,000 (salaries)
- Ending Balance: `15,000`

- Withdrawal:
- Dr: 5,000 (withdrawal)
- Ending Balance: `5,000`

- Capital:
- Cr: 50,100 (initial capital contribution)
- Ending Balance: `50,100`

c) Trial Balance

A trial balance lists all the ledger accounts with their debit or credit balances to ensure that total debits equal total credits.

| Account | Debit (Dr) | Credit (Cr) |
|-----------------|------------|-------------|
| Bank Deposit | | 4,900 |
| Capital | | 50,100 |
| Cash | 35,000 | |
| Inventory | 50,000 | |
| Rent | 10,000 | |
| Salaries | 15,000 | |
| Sales | | 60,000 |
| Withdrawal | 5,000 | |
| Total | 115,000 | 115,000 |

The debit and credit balances match, as both equal Rs. 115,000, indicating that the trial balance is correct.

Summary:

To understand the company's financial position and performance over these transactions, we have detailed the journal entries, created the necessary ledger accounts, and summarized the accounts in the trial balance.