prepare the cash book and journal entries from the following transactions of M/S UB Technology Zone for the month of April, 2016 and post them to related ledger account.
Answers
Answer:
Cash Book is receipts and payment account. Cash Book, Jounal entries and Ledger posting are attached
Explanation:
01-04-2016 Wages A/c----------------------Dr. 1400
To Cash A/c 1400
(Being Wages Paid)
05-04-2016 Cash A/c----------------------Dr. 17000
To sales A/c 17000
(Being cash sales )
07-04-2016 Purchases A/c----------------------Dr 12250
To Cash A/c 12000
To discount received A/c 250
(Being Purchased goods at discount)
09-04-2016 Furniture A/c---------------Dr. 10000
To cash A/c 10000
(Being furniture purchased)
10-04-2016 Rohit A/c----------------Dr 5000
To Cash 4900
To Discount received A/c 100
(Being Cash paid to rohit)
13-04-2016 Cash A/c----------------------Dr. 5000
To Sales A/c 5000
(Being Cash sales )
16-04-2016 Interest A/c-----------Dr. 500
To Bank A/c 500
Being charges interest on O.D. by bank)
18-04-2016 Bank A/c----------------------Dr. 7000
To cash A/c 7000
(Being cash deposited in bank)
20-04-2016 Telephone A/c----------------Dr. 600
To Bank A/c 600
(Being telephone bill paid)
25-04-2016 Bank A/c----------------------Dr. 23000
Discount allowed Ac----------Dr. 500
To Sales A/c 23500
(Being sold goods and discount allowed)
27-04-2016 Rent A/c----------------Dr. 800
To cash A/c 800
(Being rent paid)
29-04-2016 Drawings A/c----------------Dr 1000
To cash A/c 1000
(Being cash withdrawn for personal use)
30-04-2016 Salary A/c-------------------Dr 2000
To Cash A/c 2000
(Being salary paid)
30-04-2016 Interest A/c-------------------Dr 2500
To Bank A/c 2500
Being Interest paid)
