ledger accounts: April1 started business with 1,00,000;April6 sold goods to kishore on credit 43,000; April7 sold goods to Anand for cash 50,000; April 8 commission received 5000; April14 goods returned by kishore 10,000; April16 purchased goods from Murali on credit 20,000 in proforma
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Explanation:
On 1st April, 2018, Mohit started business with a capital of ₹ 50,000. He made the following transactions:
2018 ₹
April 03 Purchased goods from Rita on credit for 20,000
April 04 Cash paid to Rita 10,000
April 06 Goods sold to Rohit 25,000
April 08 Received cash from Rohit 20,000
April 12 Goods purchased from Rita 12,000
April 18 Cash paid to Rita 20,000
April 25 Goods sold to Rohit 10,000
April 30 Received cash from Rohit
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