Question

Q.3 From the following transactions prepare necessary Ledger Accounts in the Books of Vinay
and balance the same.
2019
Jan.
1 Started business with Cash 10,000
6 Bought goods from Vikas 3,000
9 Sold goods to Bhushan * 2,400
12 Paid to Vikas on account 1,600
19 Received on account from Bhushan * 1,000
25 Cash Purchases 3,600
30 Cash Sales 5,000
31 Paid Wages 400​

Answer 1

Answer:

2019 Jan. 1 Started business with Cash 10,000 6 Bought goods from Vikas 3,000 9 Sold goods to Bhushan 2,400 12 Paid to Vikas on account * 1,600 19 Received on account from Bhushan 25 Cash Purchases * 3,600 30 Cash Sales 25,000 31 Paid Wages 400 1,000 1 dhe following transactions and prepare Cash Me.