Show balancing of accounts by using the monetary transaction of Example 21. Data from Example 21 Show

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Show balancing of accounts by using the monetary transaction of Example 21.

Data from Example 21

Show direct posting to ledger account for the following transactions:
(i) Ramesh started business with cash ₹2,50,000
(ii) Deposited cash into bank ₹1,20,000
(iii) Purchased furniture for ₹35,000 in cash
(iv) Purchased goods from Deepak of ₹15,000 in cash
(v) Purchased goods from Deepak of ₹12,000
(vi) Paid salary for the month ₹7,500
(vii) Sold goods to Mohan of ₹37,000 in cash
(viii) Sold goods to Mohit of ₹18,000
(ix) Received commission ₹3,000 by cheque
(x) Paid to Deepak ₹12,000 by cheque
(xi) Received cheque from Mohit of ₹15,000
(xii) Paid rent for the month by cheque ₹8,000


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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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