Question

Give compound journal entries for the following where ever needed. • Post them in Ledgers with balancing. • Also at the end prepare Trial balance. 1. April 1, 2020 Ravinder singh started business with Machinery for 11,00,000, Furniture for 2,00,000, Bank balance Rs,2,00,000 and cash Rs.1,00,000. 2. April 4, 2020 Purchased goods for cash 40,000 by cheque 75,000 and from Nitin 80,000 3. April 5, 2020 Sold goods to Charan 1,20,000, for cash 90,000 and by cheque 25,000 4. April 7, 2020 Paid commission by cheque 15,000 5. April 9, 2020 Received Interest by cash 10,000 and direct deposit (equal to cheque) 12,000 6. April 10,2020 Settled Nitin’s account with 10% discount. 7. April 11, 2020 Charan settled his account with 5% discount. 8. Outstanding salary at the end of the year Rs.15000 9. Goods worth Rs.4000 were used by the businessman for domestic use 10. Goods worth Rs.1,200 were destroyed by fire. 11. Paid cooli of Rs.2000 on fixation of machinery.​

Answer 1

Answer:

what a big paragraph I think so you should have copy and paste it for hard work to do