Question

4. Prepare Ledger Accounts from the following transactions in the books of Imran :
2015
June
Rs. 2015
June
Rs.
1 Started business with cash 45,000 21 Withdrew from bank for private use 1,000
1 Paid into bank 25,000 21 Withdrew from bank for use in
business
5,000
2 Goods purchased for cash 15,000 25 Paid telephone rent for one year 400
3 Purchase of furniture and
payment by cheque
5,000 28 Cash paid to Amrit Lai in full
settlement of his account
5,940
5 Sold goods for cash 8,500 30 Paid for stationery 200
8 Sold goods to Arvind Walia 4,000 30 Rent 1,000
10 Goods purchased from Amrit Lai 7,000 30 Salary to staff 2,500
12 Goods returned to Amrit Lal 1,000
15 Goods returned by Amrit Walia 200
18 Cash received from Arvind Walia
and discount allowed to him 40
3,760

Answer 1

Answer:

18 cash received from ammrit