Record the following transactions in Journal, post them into Ledger and prepare a Trial Balance :
2017 Mar.
1 Started business with cash 50,000
3 Purchased goods on credit from Krishna 30,000
5 Paid rent for the month
2,000 7 Purchased equipment for cash6,000
8 Paid miscellaneous expenses 800
12 Paid Krishna in full settlement 29,500
18 Sold goods to Dipayan on credit15,000
25 Received from Dipayan in full settlement 14,700
28 Received from cash sales 8,000
30 Received interest on investment
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- Photosynthesis is a process of plants by which they produce oxygen and starch in the presence of sun, water and air.
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Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.
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