Question

QUE 1 pass the journal entries of M/s. Bhanu Traders.Post them to the Ledger from the following transactions:


April 8-purchase goods from M/s. Henna Traders..........30,000

April 22- good returned to M/s. Henna Traders..........2000

Apiril23- cash paid to M/s. Henna Traders..........40,000

Answer 1

Purchases a c Dr.
To Henna Traders

Henna traders a c Dr.
To purchases return

Henna traders a c Dr.
To cash a c

Answer 2

Journal entry

1. Purchases a/c debit(dr)         30000.00

To M/s Hema traders a/c credit (cr)     30000.00

2. M/s Hema traders a/c debit (dr)     2000.00

To cash paid to Hema traders credit (cr)     40000.00

The journal entries are required to properly maintain the regular bookkeeping so that the accounts of a company can be maintained accordingly.