Pass the following journal entries and make ledger accounts: (i) Started business with cash 6,50,000 (ii) Deposited

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Pass the following journal entries and make ledger accounts:
(i) Started business with cash ₹6,50,000
(ii) Deposited cash into bank ₹2,10,000
(iii) Purchased machinery for ₹93,000 in cash
(iv) Paid rent ₹15,500 by cheque
(v) Purchased goods of ₹85,000 from Amit
(vi) Paid wages for the month ₹13,500
(vii) Paid electricity bill ₹11,200 by cheque
(viii) Sold goods to Naveen of ₹78,000

(ix) Paid ₹10,000 for advertising by cheque
(x) Issued a cheque of ₹80,000 to Amit
(xi) Received a cheque of ₹70,000 from Naveen
(xii) Paid salary ₹32,000 for the month by cheque
(xiii) Bank credited our account with ₹300 for interest
(xiv) Purchased goods of ₹45,000 and issued cheque
(xv) Sold goods of ₹32,000 and received cheque.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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