Question

From the following journal entries, prepare the ledger accounts of :- [4 × 2 = 8]
a. Cash
b. Capital
c. Ajay
d. Rajiv
JOURNAL OF SAHARA ENTERPRISES
Date Particulars L. Amount Amount
2020 F. (Dr.) (`) (Dr.) (`)
Apr. 1 Cash A/c Dr. 10,00,000
To Capital A/c 10,00,000
(Business started with cash)
Apr. 9 Purchases Dr. 4,00,000
To Cash A/c 4,00,000
(Cash purchases of goods)
Apr. 17 Purchases A/c Dr. 2,00,000
To Ajay 2,00,000
(Credit purchases of goods)
Apr. 23 Ajay Dr. 80,000
To Purchases Return A/c 80,000
(Good returned to Ajay)
Apr. 30 Rajiv Dr 90,000
To Sales A/c 90,000
(Credit sales of goods)
Total 25,80,000 25,80,000

Answer 1

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