Journalise the following transactions, post them into ledger, close the ledger accounts and prepare trial balance...

 

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Journalise the following transactions, post them into ledger, close the ledger accounts and prepare trial balance and final accounts (Trading and Profit and Loss Account and Balance Sheet. Date Transactions BHD. 01-Apr-20 Michael started business with Cash ICICI Bank Furniture 01-Apr-20 Purchased Plant & Machinery by cheque 25-Apr-20 Purchased goods from ABC Lad 05-May-20 Cash Sales to XYZ Traders 15-May-20 Deposited cash Into ICICI Bank 05-Jun-20 Paid cash to ABC Ltd 10-Jun-20 Received commission by cheque 25-Jun-20 Cash Purchases 05-Jul-20 Sold goods to XYZ Traders 15-Jul-20 Received cheque from XYZ Traders 05-Aug-20 Loan taken from ICICI Bank 25-Aug-20 Purchased goods from ABC Ltd 26-Aug-20 Returned goods to ABC Ltd. Purcham) 27-Aug-20 Withdrew cash from bank 05-Sep-20 Received commission in cash. Paid ABC Ltd by cheque. 10-Sep-20 20-Sep-20 Received cash from XYZ Traders. Sale 25-Sep-20 XYZ returned goods - 01-Oct-20 Bank loan repaid 25-Oct-20 Cash Purchases 05-Nov-20 Sold goods to XYZ Traders 15-Nov-20 Withdrew cash from bank. 05-Dec-20 Received interest from bank 25-Dec-20 Purchased goods from ABC Ltd 05-Jan-21 Cash Sales 15-Jan-21 Deposited cash into ICICI 25-Feb-21 Cash Purchases 28-Feb-21 Office rent paid in cash 28-Feb-21 Paid salary by cheque 28-Feb-21 Paid carriage by cash 05-Mar-21 Sold goods to XYZ Traders 31-Mar-21 Paid telephone expenses by cheque 31-Mar-21 Paid insurance in cash Durchae or Sale Closing Stock was value at BHD.30,000 on 31-Mar-21. 600,000 700,000 200,000 250,000 800,000 1,000,000 500,000 300,000 75,000 250,000 475,000 275,000 200,000 50,000 60,000 10,000 55,000 70,000 90,000 40,000 50,000 25,000 47,000 15,000 5,000 75,000 100,000 35,000 450,000 50,000 30,000 30,000 675,000 50,000 30,000 Journalise the following transactions, post them into ledger, close the ledger accounts and prepare trial balance and final accounts (Trading and Profit and Loss Account and Balance Sheet. Date Transactions BHD. 01-Apr-20 Michael started business with Cash ICICI Bank Furniture 01-Apr-20 Purchased Plant & Machinery by cheque 25-Apr-20 Purchased goods from ABC Lad 05-May-20 Cash Sales to XYZ Traders 15-May-20 Deposited cash Into ICICI Bank 05-Jun-20 Paid cash to ABC Ltd 10-Jun-20 Received commission by cheque 25-Jun-20 Cash Purchases 05-Jul-20 Sold goods to XYZ Traders 15-Jul-20 Received cheque from XYZ Traders 05-Aug-20 Loan taken from ICICI Bank 25-Aug-20 Purchased goods from ABC Ltd 26-Aug-20 Returned goods to ABC Ltd. Purcham) 27-Aug-20 Withdrew cash from bank 05-Sep-20 Received commission in cash. Paid ABC Ltd by cheque. 10-Sep-20 20-Sep-20 Received cash from XYZ Traders. Sale 25-Sep-20 XYZ returned goods - 01-Oct-20 Bank loan repaid 25-Oct-20 Cash Purchases 05-Nov-20 Sold goods to XYZ Traders 15-Nov-20 Withdrew cash from bank. 05-Dec-20 Received interest from bank 25-Dec-20 Purchased goods from ABC Ltd 05-Jan-21 Cash Sales 15-Jan-21 Deposited cash into ICICI 25-Feb-21 Cash Purchases 28-Feb-21 Office rent paid in cash 28-Feb-21 Paid salary by cheque 28-Feb-21 Paid carriage by cash 05-Mar-21 Sold goods to XYZ Traders 31-Mar-21 Paid telephone expenses by cheque 31-Mar-21 Paid insurance in cash Durchae or Sale Closing Stock was value at BHD.30,000 on 31-Mar-21. 600,000 700,000 200,000 250,000 800,000 1,000,000 500,000 300,000 75,000 250,000 475,000 275,000 200,000 50,000 60,000 10,000 55,000 70,000 90,000 40,000 50,000 25,000 47,000 15,000 5,000 75,000 100,000 35,000 450,000 50,000 30,000 30,000 675,000 50,000 30,000

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000d Journal 1420 Cash ICICI Bank SA 20002 Furniture Capital Ebeing capital introduced ... View the full answer