Question

Posting of Composite Entry
Enter the following transactions in journal of Talwinder Singh and post them into ledger :
2018
Dec. 1 Received cheques on account of sales 2,00,000; rent * 40,000 and commission 15,000.
Dec. 25 Paid by cheques on account of interest * 12,000; machinery 38,000 and purchase of goods 60,000.
following transactions in the journal of Pratistha, post them into ledger and​

Answer 1

Answer:

Dec. 1) Cheque-in-hand A/c Dr. 2,55,000

To Sales A/c 2,00,000

To Rent A/c 40,000

To Commission A/c 15,000

Dec.25) Interest A/c Dr. 12,000

Machinery A/c Dr. 38,000

Purchase A/c Dr. 60,000

To Bank A/c 1,10,000