• UNLU MULSUUU CalCS TUTUIKS
1. Pass necessary journal entries, post them to ledger and prepare trial
balance.
Started business with cash
6,00,000
Opened bank account
2,40,000 ~
Purchased furniture
40,000
Bought goods for cash from RT 60,000
Purchased goods from J
84,000
Sold goods for cash
60,000
Sold goods to G
24,000
Rent paid
8,000
Paid trade expenses
2,000
Received cash from G
24,000
Goods returned to H
4,000
Cash paid to H
80,000
Bought stamps
200
Paid salary
8,000
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Answers
Answer:
Debit Credit
Cash ac dr 6,00,000
To capital ac 6,00,000
Bank ac dr 2,40,000
To Cash ac 2,40,000
Furniture ac dr 40,000
To cash ac 40,000
Purchase ac dr 60,000
To Cash ac 60,000
Purchase ac dr 84000
To J's ac 84000
Cash ac dr 60,000
To sales ac 60,000
G's ac dr 24000
To sales ac 24000
Rent ac dr
To cash ac
Trade exp's ac dr
To cash ac
cash ac dr
To G's ac
H's ac dr
To purchase return ac
H's ac dr
To cash ac
Stamp ac dr
To cash ac
Salary ac dr
To cash ac
Hope it will help you
Do enter the amounts in debit and credit balances