Question

Journalise the following transactions of M/s Time Zone and post them to the ledger accountDetalls2017Dec. 01Dec, 02Dec. 04Dec. 10Dec. 12Dec. 14Dec. 16Dec. 18Dec. 19Dec. 20Business started with cashOpened a bank account with ICICIGoods purchased for cashPaid cartageGoods sold on credit to M/s Lara IndiaCash received from M/s Lara IndiaGoods returned from Lara IndiaPaid trade expensesGoods purchased on credit from TaranumCheque received from M/s Lara India for final settlementand deposited sameday into bankGoods returned to TaranumPaid for stationeryCheque given to Taranum on accountPaid rent by chequeDrew cash for personal useCash salesGoods sold to M/s Rupak TradersAmountRS.1.20,0004.00.0012.00050025.00010,0003.00070032,00011.500Dec. 22Dec. 24Dec. 26Dec. 28Dec. 29Dec. 30Dec. 311.5001.20020.0004,00010.00012.00011.000​

Answer 1

Answer:

Journalise the following transactions of M/s Time Zone and post them to the ledger accountDetalls2017Dec. 01Dec, 02Dec. 04Dec. 10Dec. 12Dec. 14Dec. 16Dec. 18Dec. 19Dec. 20Business started with cashOpened a bank account with ICICIGoods purchased for cashPaid cartageGoods sold on credit to M/s Lara IndiaCash received from M/s Lara IndiaGoods returned from Lara IndiaPaid trade expensesGoods purchased on credit from TaranumCheque received from M/s Lara India for final settlementand deposited sameday into bankGoods returned to TaranumPaid for stationeryCheque given to Taranum on accountPaid rent by chequeDrew cash for personal useCash salesGoods sold to M/s Rupak TradersAmountRS.1.20,0004.00.0012.00050025.00010,0003.00070032,00011.500Dec. 22Dec. 24Dec. 26Dec. 28Dec. 29Dec. 30Dec. 311.5001.20020.0004,00010.00012.00011.000