Question

7. From the following transactions of Mr. Velmurugan, you are required to write up his
Journal, post the entries in the ledger accounts and balance the accounts at the end of
the month
1999
Rs.
Mar. 1 Velmurugan commenced business with furniture 2.000
stock Rs. 12,000 and cash
6,000
2 Purchased from Satya
12,000
4 Sold goods for cash
6,000
5 Returned goods to Satya
1,400
7 Purchased goods for cash
6,000
8 Sold goods to Anand
8,000
11 Anand returned goods
1,200
13 Paid cash to Satya Rs. 4,120 and he
allowed us discount
80
15 Sold goods to Balaji
5,200
17 Received cash from Anand Rs. 2,160
and allowed him discount
50
18 Purchased stationery
600
Received cash from Balaji
3,200
21 Sold old furniture for cash
200
19
23
Paid commission
2,000​

Answer 1

Answer:

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Answer 2

Answer:

cash account to capital