Question

abo. Following balances appeared in the books of Miss Sonali as on April 1, 2011.
Particulars
Debit Balance
Credit Balance
3,000
2,000
Cash A/C
Sanjay's A/C
Vijay's A/C
Capital A/C
Machinery A/C
Outstanding Wages A/C
Bank A/C
5,000
10,000
8,000
500
2,500
15,500
15,500
Transactions:
2019
April 1 Cash Sales 4,000.
Cash Purchases * 1,500.
6 Sold goods on credit to Sanjay 1,800.
Purchased goods on credit from Vijay * 700.
10 Brought additional Capital in Cash 8,000.
15 Paid Outstanding wages in full.
20 Received cash from Sanjay * 3,600.
21 Paid cash 5,500 to Vijay in full settlement of his A/c.
30 Paid cash into Bank in excess of 1,100.
Prepare necessary ledger accounts and balance them.​

Answer 1

Purchased goods on credit from Vijay * 700.

10 Brought additional Capital in Cash 8,000.

15 Paid Outstanding wages in full.

20 Received cash from Sanjay * 3,600.

21 Paid cash 5,500 to Vijay in full settlement of his A/c.

30 Paid cash into Bank in excess of 1,100.

Prepare necessary ledger accounts and balance them.

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