1. April 1 Started business with cash
500000
2. April 1 Paid into ICICI Bank
400000
3. April 2 Goods purchased for cash
20000
4. April 3 Purchase of furniture and payment by cheque
5000
5. April 5 Sold goods for cash >
15000
6. April 8 Sold goods to Mr. Arvind Walia
20000
7. April 10 Goods purchased from Mr. Amrit Lal
7000
8. April 12 Goods returned to Mr. Amrit Lal
1000
9. April 15 Goods return by Mr. Arvind Walia
500
10. April 18 Cash received from Mr. Arvind Walia Rs. 19400 and dis. allowed
100
11. April 21 Withdraw from bank for privaye use
1000
12. April 21 Withdraw from bank for business use
5000
13. April 25 Paid Telephone rent of
400
14. April 25 commission received on cash
5000
15. April 28 Cash paid to Mr. Amrit Lal in full Settlement of his account 5900
16. April 29 Sales goods to Mr. Ram on by cash
10000
17. April 30 Paid for : Office Electricity exp
Office Rent
2000
Salaries to Staff
5000
1000
Answers
Answer:
what is this bro I did not understand
Answer:
1. Cash A/c dr. 5,00,000
To, Capital a/c. 5,00,000
2. ICICI Bank a/c. Dr. 4,00,000
To, Cash a/c. 4,00,000
3. Purchase a)c. Dr. 20,000
To, Cash a/c. 20,000
4. Furniture a/c dr. 5,000
To, Bank a/c. 5,000
5. Cash a/c. Dr. 15,000
To, sales a/c. 15,000
6. Mr. Arvind Walia's a/c dr 20,000
To, sales a/c 20,000
7. Mr. Amrit Lal's a/c dr. 7,000
To, cash a/c 7,000
8. Cash a/c dr. 1,000
To, Mr. Amrit Lal's a/c. 1,000.
( purchase return)
9. Mr. Arvind Walia's a/c dr. 500
To, cash a/c. 500
( sales return)
10. Cash a/c dr. 19,400
Discount a/c dr. 100
To, Mr. Aravind Walia's a/c 19,300
11. Drawing a/c. Dr. 1,000
To, Bank a/c. 1,000
12. Cash a/c dr. 5,000
To, Bank a/c 5,000
13. Telephone rent a/c. Dr. 400
To, Cash a/c. 400
14. Cash a/c. Dr. 5,000
To, Commission a/c 5,000
15. Cash a/c dr. 6,000
Discount a/c dr. 100
To, Amrit Lal's a/c 5,900
16. Cash a/c dr. 10,000
To, Mr. Ram's a/c. 10,000
17. Salaries a/c. Dr. 5,000
To, cash a/c. 5,000
Hope it helps you......