Question

Journalise the following transactions of M/s Time Zone and post them to the ledger account
Detalls
2017
Dec. 01
Dec, 02
Dec. 04
Dec. 10
Dec. 12
Dec. 14
Dec. 16
Dec. 18
Dec. 19
Dec. 20
Business started with cash
Opened a bank account with ICICI
Goods purchased for cash
Paid cartage
Goods sold on credit to M/s Lara India
Cash received from M/s Lara India
Goods returned from Lara India
Paid trade expenses
Goods purchased on credit from Taranum
Cheque received from M/s Lara India for final settlement
and deposited sameday into bank
Goods returned to Taranum
Paid for stationery
Cheque given to Taranum on account
Paid rent by cheque
Drew cash for personal use
Cash sales
Goods sold to M/s Rupak Traders
Amount
RS.
1.20,000
4.00.00
12.000
500
25.000
10,000
3.000
700
32,000
11.500
Dec. 22
Dec. 24
Dec. 26
Dec. 28
Dec. 29
Dec. 30
Dec. 31
1.500
1.200
20.000
4,000
10.000
12.000
11.000​

Answer 1

Explanation:

similarly ledger posting of trade exp ac taranums ac stationary ac rent ac drawings ac ms rupak traders ac