Accountancy, asked by arjuncpl10, 11 hours ago

2.

Journalise the following transactions in the Books of Balan

1999

Dec.1

3

Balan commenced business with a capital of

Bought goods for cash

Sold goods for cash 5 Deposited in IOB

4

6

7

8

9 10

11

12

13

15

16

18

19

20

25

3.1

Bought goods from Ravi Bought furniture for cash

Sold goods to Nathan Paid cash to Seenu

Nathan returned goods worth

Paid advertisement charges

Returned goods to Ravi Withdrew cash from bank

Bought a bicycle for office use

Received commission

Drew cash for personal use

Electricity charges paid

Paid insurance premium

Interest received

Paid Rent

Paid Salaries

Interest accrued

Salary due

Prepaid insurance

Commission received in advance

following are the francoti

The

Ra

60,000 50,000

40,000

30,000

4,000

40,000

10,000

2,000

4,000

3,000

10,000

3,000

1,000

6,000

600

1,500

300

1,200

9,600

600

1.000

500

100

Answers

Answered by sanjuaki16
0

particulars debit credit

Answered by Iammanjula
3

Answer:

A journal entry records a business transaction in the accounting system of an organization. Journal entry from the building blocks of the double entry accounting system that has been used for centuries to keep financial records. They make it possible to track what a business has used its resources for, and where those resources came from and are used in the business.

The double-entry accounting system is required in every business which affects two accounts on an equal basis; one credit and one debit. Each account in Double entry has an equal amount.

Journal entries for books of Balan A/C are:

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