Accountancy, asked by vishalmaurya455, 1 year ago

Ledger & balance them..
2017
Dec 1 started business with cash of Rs. 2,00,000.
Dec 05 Opened a bank account by deposting Rs. 40,000.
Dec 11 Purchased goods for Rs.32,000.
Dec 16 sold goods for Rs 24,000.
Dec 23 paid salary by cheques Rs.2,000.
Dec 30 received commission of Rs.12,000.

Answers

Answered by thebananaboy
2

Journal Entries

DEC 1

Cash A/c - Dr 2,00,000

        To Capital A/c         2,00,000

(Being capital introduced into the business)

DEC 5

Bank A/c - Dr. 40,000

        To Cash A/c            40,000

(Being bank a/c opened and deposit made)

DEC 11

Purchases A/c - Dr 32,000

        To Cash A/c                 32,000

(Being cash purchases recorded in the books)

DEC 16

Cash A/c - Dr.   24,000

            To Sales a/c         24,000

(Being cash sales recorded in the books)

DEC 23

Salary A/c - Dr   2,000

       To Bank A/c          2,000

(Being salary paid via cheque)

DEC 30

Cash A/c - Dr. 12,000

               To Commission A/c 12,000

(Being commission received)


Opening the LEGDER A/Cs and BALANCING these A/Cs is quite easy once you have the entries with you, hence they aren't included in the answer.

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