Question

from the following transactions prepare necessary ledger account accounts in the books of vinyl and balance the same .
2017 Jan.
1.started business with cash 10000.
6.bought good from vikas 3000.
9.sold goods to bhushan 2400.
12.paid to vikas on account 1600.
19.received on account from bhushan 1000.
25.cash purchases 3600
30.cash sales 5000
31.paid wages 400
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Answer 1

Answer:

1. Cash A/c

2. Capital A/c

3. Purchases A/c

4. Sales A/c

5. Vikas A/c

6. Bhushan A/c

7. Wages A/c