1998 Jan.31 Rs. 45.750 To Drs. Ledger Adjustment Account: To Sales returns To Cash received To Bad Debts To Discount Allowed TO B/R received To Balance c/d Rs.1998 Jan. 1 Jan 31 400 25,500 2,500 450 8,500 32.645 69,995 By Balance c/d By Drs. Ledger Adjustment Account: By Credit Sales By Sundry charges By B/R dishonoured 22,700 345 1.200 Feb.1 By Balance bid 69.995 32,645 Rs. 1998 Jan. 1 Jan 31 In the Creditors Ledger General Ledger Adjustment Ale Rs. 1998 To Balance b/d 54,900 Jan. 31 By Crs. Ledger Crs. Ledger Adjustment Adjustment Account: To Credit Purchases 20.500 By Purchase returns To B/P dishonoured 3,000 By Cash paid By Discount Received By B/P accepted By Allowance received By Balance c/d 78,400 To Balance b/d 34,155 600 30,700 670 12.000 275 34.155 78.400 Feb. 1 U2 Illustration 5 From the following balances prepare the necessary Adjustment Accounts in the Nominal Ledger: 49 Rs. Jan. I 1998 Balance of Sundry Debtors 40,000(Dr.) Balance of Sundry Debtors 2,000(Cr.) Balance of Sundry Creditors 37,000(Cr.) Balance of Sundry Creditors 1.000(Dr.) Transactions for January Cash and cheque received 1.40,000 Cash paid to creditors 1,20,000 Credit Sales as per sales book 2,00,000 Credit Purchases 1.50,000 Discount allowed 6,000 Discount received 3,500 Bad Debts written off 3.000 Bills Receivable received 20,000 Bills Payable accepted 5.000 Bills Receivable discounted 2.000 Transfer from Debtor's Ledger to Creditors Ledger 1,000 Transfer from Creditor's ledger to Debtors Ledger 1.200 Balance of Debtors 6,000(Cr.) Balance of Creditors 2.500(Dr.) Dec 31 43