Question

Sohan 11,50 A/c 19,100) U 80,000 V 2. (A) Journalise the following transactions post them into ledger and balance them: 2020 May 1 Started business with cash May 3 Bought goods * 15,000 and furniture 10,000. May 5 Paid for stationery May 8 Sold goods to Ram May 10 Opened a bank account by depositing May 11 Bought goods from Ashok for 10,000 less 10% trade discount. May 13 Received cash from Ram * 7,900 and allowed him discount 100. 500 8,000 30,000 May 15 Issued cheque for * 8,800 to Ashok in full settlement of his account. May 19 Bought goods from Amit 8,000 and Sumit 9,000. May 21 Sold goods to Krishna 7,500 and to Ramesh for 8,500. May 23 Received a cheque from Ramesh for 8,300 in full settlement of his account and banked. May 25 Issued cheque for 5,000 to Amit and for 6,000 to Sumit. May 28 Cash deposited into bank * 10,000.​

Answer 1

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