Question

Prepare the Ledger Account of Mr.Hari and Creditors A/c Opening balance of Mr.Hari ( Debtor) Rs.5,000 1. Purchased goods from creditor Rs.20,000 2. Returned goods worth Rs. 5,000 to the creditor. 3. Paid cash to creditor Rs.14,800 in full settlement. 4. Sold goods on credit to Mr.Hari Rs.10,000 5. Hari returned goods worth Rs.5,000 6.Received Cash from Hari Rs.5,000

Answer 1

Explanation:

Prepare the Ledger Account of Mr.Hari and Creditors A/c Opening balance of Mr.Hari ( Debtor) Rs.5,000 1. Purchased goods from creditor Rs.20,000 2. Returned goods worth Rs. 5,000 to the creditor. 3. Paid cash to creditor Rs.14,800 in full settlement. 4. Sold goods on credit to Mr.Hari Rs.10,000 5. Hari returned goods worth Rs.5,000 6.Received Cash from

Answer 2

Answer:

Prepare the Ledger Account of Mr.Hari and Creditors A/c Opening balance of Mr.Hari ( Debtor) Rs.5,000 1. Purchased goods from creditor Rs.20,000 2. Returned goods worth Rs. 5,000 to the creditor. 3. Paid cash to creditor Rs.14,800 in full settlement. 4. Sold goods on credit to Mr.Hari Rs.10,000 5. Hari returned goods worth Rs.5,000 6.Received Cash from

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