July01 Balance from last month 62,500
July03 Purchased goods for cash from Ram Lal 42,500
July04 Received cash from Amarnath 2,100
July09 Paid cash for sundry trade expenses 1,460
July10 Paid from postage 120
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Answer:
Post the entries in Cash book
Explanation:
1. To Balance b/d - 62500
2. By Purchase A/c - 42500
3. To Amarnath - 2100
4. By Trade expenses a/c- 1460
5. By Postage expenses a/c - 120
After totaling debit sides do the following entry in credit side.
6. By balance c/d - 20520
Post the entries starts with To in Debit side and Start with by in Credit side.
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