Question

Transactions of C for April, 2020 are given below. Journalise them and post them into ledger and balance the accounts: 2020 april 1. C started business with Cash=10000 april 2. Paid into Bank=7000 april 3. Bought goods for Cash=500 april 5. Withdrew cash from Bank for office=100 april 13. Sold goods to Mohan on credit=150 april 20 Bought goods from Shyam on credit=225 april24 Received from Mohan=145 Allowed him discount=5 april28 Paid Shyam cash=215 Discount received=5 april 30 Cash Sales for the month=800 april 30 Paid Rent=50 april30 Paid Salary=100​

Answer 1

Answer:

Transactions of C for April, 2020 are given below. Journalise them and post them into ledger and balance the accounts: 2020 april 1. C started business with Cash=10000 april 2. Paid into Bank=7000 april 3. Bought goods for Cash=500 april 5. Withdrew cash from Bank for office=100 april 13. Sold goods to Mohan on credit=150 april 20 Bought goods from Shyam on credit=225 april24 Received from Mohan=145 Allowed him discount=5 april28 Paid Shyam cash=215 Discount received=5 april 30 Cash Sales for the month=800 april 30 Paid Rent=50 april30 Paid Salary=100

Explanation:

Transactions of C for April, 2020 are given below. Journalise them and post them into ledger and balance the accounts: 2020 april 1. C started business with Cash=10000 april 2. Paid into Bank=7000 april 3. Bought goods for Cash=500 april 5. Withdrew cash from Bank for office=100 april 13. Sold goods to Mohan on credit=150 april 20 Bought goods from Shyam on credit=225 april24 Received from Mohan=145 Allowed him discount=5 april28 Paid Shyam cash=215 Discount received=5 april 30 Cash Sales for the month=800 april 30 Paid Rent=50 april30 Paid Salary=100

Answer 2

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