Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2016 Apr.,1 Sold cloth on credit to Gifloo 5,000 2 Purchased cloth from Amboo on credit 20,000 3 Paid rent for April by

2016 Apr.,1 Sold cloth on credit to Gifloo 5,000 " 2 Purchased cloth from Amboo on credit 20,000 " 3 Paid rent for April by cheque 3,000 " 4 Cash purchases of cloth (paid by cheque) 8,000 Cash sales 5,500 " 6 Paid for stationery and postage 500 " 8 Drawn cash for private use 2,500 " 10 Drawn cash from Bank for office 1/,000 " 13 Purchased goods on credit from Minoo 25,000 " 16 Sold goods for cash to Gopal 18,000 " 17 Paid telephone charges 4,800 " 22 Cash purchases 9,000 " 24 Purchased filing cabinet and paid by cheque 5,000 " 27 Purchased Government securities 20,000 Journalise the transactions and prepare ledger accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Access For Computer Accounting

Authors: Donna Kay

19th Edition

1259741109, 9781259741104

More Books

Students also viewed these Accounting questions

Question

2. Use different groups for different subjects.

Answered: 1 week ago