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
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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
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