Question

2. Prepare necessary Ledger Accounts in the books of 'King'
as on 1/1/2018 and balance the same as on 31/1/2018 with the
help of following information.
The balance as on 1/1/2018-
Cash Rs.6,00,000 Machinery A/C- Rs.60,000 Jay's A/C (Dr.)
- Rs.70,000
King's Capital A/C - Rs.6,00,000 Anand's Alc. (Cr.)
Rs.1,20,000
Following are the transactions during the month-
3. Introduced Rs. 2,00,000 cash in the business.
8. Sold machinery of Rs. 40,000 for cash.
10. Paid to Anand Rs.1,18,000 to settle his account.
20. Sold goods of Rs. 50,000 to Jay.
28. Jay paid necessary cash to settle his account.

Answer 1

Answer:

OK thanks for the heads up on the email and sorry for the late response as I've