Question

i
18 Give journal entries of M/s Mohit traders, Post them to the Ledger
from the following transactions :
August 2017
Rs.
1. Commenced business with cash
1,10,000
Opened bank account with H.D.F.C.
50.000
Purchased furniture
20,000
Bought goods for cash from M/s Rupa Traders
30,000
Purchased good from M/s Hema Traders
42,000
Sold goods for cash
30,000
14. Sold goods on credit to M/s. Gupta Traders
12.000
16. Rent pald
4,000
18. Paid trade expenses
1,000
Received cash from Gupta Traders
12.000
Goods return to Hema Traders
2,000
23. Cash paid to Hema Traders
40000
Bought postage stamps
100
30. Paid salary to Rishabh
4000
​

Answer 1

Answer:

cash

to capital

2. Bank

To cash

3. furniture

To cash

4. purchase

To cash

5.purchase

To ms hima

6. cash

To sales

7.

ms gupta

to sales

8. rent

trade expense

To cash

9. cash

to gupta

10. purchase returned

to hema

11. hema

to cash

12. post stamp

salary

to cash

Answer 2

Answer:

ledger for the above questions

Explanation:

ledger accounts