Accountancy, asked by shingraj6414, 1 month ago

On 1st April 2017, Mr. X started farming with a capital of Rs. 1,00,000. his transactions for next few months are as below: 1.3/04/2017 Purchased a pair of bullocks for Rs. 40000 and paid in cash 2.7/04/2017 20000 at bank 3. 10/04/2017 purchased fertilizer from M/S ABC worth Rs. 5000 and paid Rs. 3000 in cash. 4. 20/04/2017 Sold 10 quintal of rice @Rs. 1500/quintal to Mr Z and received the amount in cach 5. 23/04/2017 Deposited the amount in bank 6. 02/05/2017 Paid wages Rs. 1000 7. 10/05/2017 purchased implements of Rs. 3000 8. 20/05/2017 Purchased cattle feed of Rs. 1500 9.30/05/2017 Paid wages Rs 1000 10. 05/06/2017 paid the outstanding amount to M/S ABC Journalise the transactions stock. Post the journal entries to respective ledger accounts and close the accounts.

Answers

Answered by CookieCrunch22
1

Answer:

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