Question

Prepare Sales Account from the information given below. (1) Cash Sales ? 15,000,
(2) Credit Sales to Ashok * 6,000, (3) Credit Sales to Vijay 7,000, (4) Credit
Sales to Ajay 2,000.
(Ans. Transfer to Trading Account +30,000)​

Answer 1

Answer:

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Explanation:

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Two-Sided Errors

Journal

Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)

i) Mridula’s A/c Dr. 5,000

To Sales A/c

5,000

(Credit sales to Mridula were omitted to be recorded)

ii) Purchases A/c Dr. 8,000

To Nayna’s A/c

8,000

(Credit purchases from Nayna were omitted to be recorded)

iii) Priya’s A/c Dr. 12,000

To Purchases Return A/c

12,000

(Goods returned to Priya were omitted to be recorded)

iv) Sales Return A/c Dr. 10,000

To Rashi’s A/c

10,000

(Goods returned from Rashi were omitted to be recorded) .....

Answer 2

Explanation:

Answer answer answer answer