10min

The following are the transactions of Kamal, dealing in stationery items. Prepare ledger accounts. 2018 June 5 Started business with cash $2,00,000 8 Opened bank account by depositing 780,000 12 Bought goods on credit from Siva for 330,000 15 Sold goods on credit to Selva for 310,000 22 Goods sold for cash 15,000 25 Paid Selva 330,000 through NEFT 28 Received a cheque from Selva and deposited the same in bank 310,000