Question

Journalise the
following transactions & post
them into the ledger. 2020
Jan 1- Bought goods on credit
from Mr. A 600: Jan 5 - Goods
returned by Mr. B 125: Jan 10-
Paid carriage inwards 100: Jan 18 - Paid insurance 500: Jan 27- Sold goods worth 175 to Mr. C on credit​

Answer 1

Answer:

Journal Entries ;

Jan 1 : Purchase A/c Dr.. 600

To Mr. A 600

Jan 5 : Sales return A/c. Dr... 125

To Mr. B. 125

Jan 10 : Carriage Inwards A/c. Dr.. 100

To Cash A/c. 100

Jan 18 : Insurance A/c Dr..... 500

To Cash A/c. 500

Jan 27 : Sales A/c. Dr.... 175

To Mr. C 175

Explanation:

These are the journal Entries of the given questions...

From them now u can prepare Ledger...

Thank u