On July 1, 2012; the following were ledger balances of Krishna. Cash in
hand 2,000; Cash at bank 12,000. Bills Payables 4,000; Ashok
(Debtor) 2,500; Stock 10,000; Charu (Creditor) 2,000; Other
transactions during the month were as follows:
2012 Particulars July 1 Bought goods from Charu 10,000
July 2 Sold goods to Surinder 21,000
July 3 Bought goods from Ram Lakhan 16,000
July 6 Sold goods to Paresha 8,000
July 12 Paid to Charu by cheque 16,000
July 20 Received from Surinder by cheque 8,900
Allowed him discount ,100
July 24 Sold goods to Surinder 18,000
July 25 Paid rent by cheque 2,000
July 25 Sold gods to Paresha 15,000
July 31 Paid Salaries 5,000
Give journal entries and post them to ledger
Answers
Answer:
journal entries
cash A/c Dr. 2000
cash at bankA/c Dr. 12000
Debtor A/c Dr. 2500
stock A/c Dr. 10000
To bills payable A/c 4000
To Creditor A/c. 2000
To capital A/c. 20500
1july. Purchase A/c Dr. 10000
To Charu A/c. 10000
2july. Surinder A/c. Dr. 21000
To sales A/c. 21000
3july. Purchase A/c Dr. 16000
To Ram Lakhan. 16000
6july. Paresha A/c Dr. 8000
To sales A/c. 8000
12july . Charu A/c Dr 16000
To Bank A/c. 16000