Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. From the following Journal Entries, prepare Ledger Account and Trial Balance of the company. DATE DETAILS DEBIT CREDIT 1-Apr-21 Cash a/c 4,000,000 Capital a/c

3. From the following Journal Entries, prepare Ledger Account and Trial Balance of the company.

DATE

DETAILS

DEBIT

CREDIT

1-Apr-21

Cash a/c

4,000,000

Capital a/c

4,000,000

2-Apr-21

Machine a/c

250,000

Cash a/c

250,000

4-Apr-21

Purchase Expenses a/c

1,000,000

Cash a/c

1,000,000

7-Apr-21

Accounts Receivable a/c

2,550,000

Sales Revenue a/c

2,550,000

8-Apr-21

Cash a/c

2,000,000

Sales Revenue

2,000,000

9-Apr-21

Salary Expenses a/c

250,000

Cash a/c

250000

10-Apr-21

Cash a/c

550,000

Accounts Receivable a/c

550,000

Required:

Prepare the General Ledger Accounts. (8 Marks)

Prepare Trial Balance (4 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions