Question

Q.6) Prepare Cash A/C, Bank A/c, Purchases A/c, Sales A/c and Capital Alc. and balance
the same in the books of Madanlal.
2019
Aug. 1 Started business with bank balance 40,000.
Purchased goods from Aseem worth 15,000 less 10% Trade Discount.
3 Sold goods to Arun for 8,000 for cash.
4 Paid Rent 3,000 and Electricity bill 500.
5 Purchased 100 Shares of Perfect Technologies for 55 per share and paid Brokerage 250 by transfer through netbanking.
6 Withdrawal of goods for personal use 500.
Sold goods for cash 5,000 less 10% Cash Discount.
8 Deposited cash into Bank 2,000.
Paid 3,000 for daughter's tuition fees by Debit Card.
10 Purchased a Table for 2,000.
19 Received 1,500 by selling the scrap.
27 Paid cash into bank in excess of * 2,000..

please experts solve this fast by making ledger account only b'coz on monday my exam is there
AND "NO SPAM" .....​

Answer 1

Explanation:

Bank 40000

To capital 40000

Purchase 13500

To aseem 13500

Cash 8000

To Sales 8000

Rent 3000

Electricity Bill 500

To Cash 3500

Shares 5750

To Bank 5750

Drawing 500

To Goods 500

Cash 4500

Discount allowed 500

To Sales 5000

Bank 2000

To Cash 2000

Drawing 3000

To Bank 3000

Furniture 2000

To Cash 2000

Cash 1500

To Sales 1500

Bank 4500

To Cash 4500

above are the journal entries..

I have made ledger account of cash and bank only made remaining from journal entries..

Answer 2

Answer:

On April 1, 2017, Hassan Sajjad Store Cash Book showed debit balances of Cash Rs. 1,550 and Bank Rs. 13,575. During the month of April following business was transacted. You are required to prepare Cash Book?

 

April 2017

02     Purchased Office Type-Writer for Cash Rs. 750; Cash Sales Rs. 1,315.

07     Deposited Cash Rs. 500 to bank.

10     Received from A. Hussain a check for Rs. 2,550 in part payment of his account (not deposited).

16     Paid by check for merchandise purchased worth Rs. 1,005.

 

20     Deposited into Bank the check received from A. Hussain.

22     Received from customer a check for Rs. 775 in full settlement of his accounts (not deposited).

24     Sold merchandise to sweet Bros. for Rs 1,500 who paid by check which was deposited into bank.

26     Paid creditor a Salman Rs. 915 by check.

28     Deposited into Bank the check of customer of worth Rs. 775 was dated 22nd April.

29     Paid wages by cash Rs. 500 and salary Rs. 1,000 by bank.

30     Drew from Bank for Office use Rs. 250 and Personal use Rs. 150.

Explanation: