Question

Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c and Capital A/c. and balance
the same in the books of Madanlal.
2019
Aug. 1 Started business with bank balance 40,000.
2. 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.
7. Sold goods for cash 5,000 less 10% Cash Discount.
8 Deposited cash into Bank 2,000.
9 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
make ledger
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Answer 1

Answer:

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.

7. Sold goods for cash 5,000 less 10% Cash Discount.

8 Deposited cash into Bank 2,000.

9 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

Explanation:

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