Accountancy, asked by Banaeevijh, 1 year ago

40 transactions with their journal entries, ledger , trial balance, to prepare a project

Answers

Answered by sharinkhan
25
You have to collect the financial data of the company. 
Follow these steps:
Make journals
ledger accounts
trial balance
Profit & loss account
balance sheet 

Attachments:
Answered by Afreenakbar
0

Answer:

40 transactions with their journal entries

All Ledger accounts are prepared in the 'T format' with the debit transactions posted on the left column and credit transactions on the right. The Trial Balance is prepared in a columnar format with separate columns for posting the debit and credit balance of ledger accounts

Explanation:

April 1

Rajesh started his business with cash Rs 1,00,000

April 10 Rajesh opened an account in a bank with cash Rs 30,000

May 10 Purchased goods from Mohan Singh on credit Rs 40,000 and also paid carriage of Rs2,000

May 20 Sold goods to Rajeev Rs 20,000

May 25 Due to some quality defect Mohan Singh returned goods of Rs 10,000

June 15 Sold goods to Ayesha for Rs 70,000

June 30 Paid rent of Rs 10,000

Aug.31 Purchased Furniture for cash of Rs 8,000

To learn more about  journal entries visit

https://brainly.in/question/1033433

https://brainly.in/question/9641977

#SPJ3

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