Question

QuestionEnter the following transaction in the ledgers of P. Frank on the month of May 2019. Balance off all the ledger accounts bring down the balance of 1st June 2019 and then prepare the trial balance at 31st May 2019.
2019
May 1: Started business with capital in cash of $2500
2: Bought goods on credit from C Mendez $870
4: Sold goods on credit to H Spencer $1760
5: Paid rent by cash $120
7: Goods returned to C Mendez $ 120
9: Paid to Mendez the remaining balance by cheque
11: Paid carriage by cash $230
14: Bought office equipment by cash $ 560
16: Sold good to Patel and receive cheque of $ 470What is a ledger account

Answer 1

Explanation:

The organisations of cricket reflect the nature of society in England:

(i) The rich who could afford to play cricket for pleasure were called amateurs

(ii) Amateurs were called Gentlemen.

(iii) The poor who played for living were called professionals.

(iv) The professionals were described as players.

(v) Most professionals worked as minors or in other forms of working class

employment

Answer 2

Answer:

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