Question

1,000
Ashim started a business on 1st April, 2020 with Machinery of * 10,00,000, Furniture
of * 2,50,000 and cash 2,50,000.
Prepare the Ledger Accounts and balance them:
2020
April
April
April
April
1 Purchased goods for cash from Raman
4 Purchased goods from Naresh
6 Sold goods to Gupta & Co. for cash
April 12) Cash deposited in bank
April 14 Purchased machinery by cheque
April 15 Sold goods to Garg Bros.
16 Retumed goods to Naresh (not being as per specifications)
April 18 Paid to Naresh by cheque
April 20 Withdrawn from bank for personal use
April 25 Received cheque from Garg Bros. and deposited in bank
April 28 Paid salaries to staff for the month of April
April 28 Bank advises cheque of Garg Bros. returned unpaid
April 30 Received bank interest
April 30 Purchased stationery for cash
April 30 Rebate allowed to Garg Bros. for defects in goods supplied to them
₹
1,37,500
1,00,000
1,75,000
2,00,000
25,000
75,000
5,000
50,000
25.000
50.000
25,000
1,000
2,500
1,500
Solution:​

Answer 1

Let’s just go your teachers and get your ans

Answer 2

Answer:

Explanation:Ashim started a business on 1st April, 2020 with Machinery of * 10,00,000, Furniture

of * 2,50,000 and cash 2,50,000.

Prepare the Ledger Accounts and balance them: