Question

Questions: Prepare Journal Entries, Ledger, Trial balance, Trading A/c, Profit and Loss A/c and Balance Sheet. 1. Shyam started business with ₹ 1000000 in cheque. 2. Withdrawn cash from bank for official use ₹ 10000. 3. Bought furniture worth ₹ 10000, paid through cheque. 4. Bought inventory for ₹ 20000 from Mr X. 5. Paid carriage inward ₹ 1000, in cash. 6. Paid wages ₹ 2000, in cash. 7. Sold all the above goods to Mr Y for ₹ 25000. 8. Paid to Mr X, ₹ 5000 in cash. 9. Paid ₹ 10000 as commission to a sales person, in cheque. 10. Received Interest on amount deposited in bank ₹ 2500. 11. Paid misc. expenses of office ₹ 5000, in cheque. 12. Paid office rent ₹ 5000, in cheque. 13. Withdrawn cash from bank, ₹ 5000, for personal use. 14. Charged 10% depreciation on furniture. Marks distribution (total 30 marks): DHA 1 Journal Entries 5 marks DHA 2 Ledger 5 marks DHA 3 Trial Balance 5 marks DHA 4 Trading A/c 5 marks DHA 5 Profit & Loss A/c 5 marks DHA 6 Balance Sheet 5 marks

Answer 1

Answer:

is this a question so hard

Answer 2

Explanation:

answer the journal entries