Answered step by step
Verified Expert Solution
Question
1 Approved Answer
From the above given Unbalanced Ledger A/c of Star Trading Company you are required to find 1. The closing balance of BANK A/c is 2.
From the above given Unbalanced Ledger A/c of Star Trading Company you are required to find
1. The closing balance of BANK A/c is
2. The closing balance of SALES Revenue A/c is
3. The closing balance of Inventory A/c is
4. The Trial balance amount on both Debit and Credit will be
5. The closing balance of CAPITAL A/c is
Unbalanced Ledger A/c of Star Trading Company is given for the month of September 2020 Bank Alc Debit Date Particulars 1/9/2020 Capital 8/9/2020 Accounts Receivable 15/9/2020 Sales Alc JF OMR Date Particulars 21,200 2/9/2020 Computer 300 3/9/2020 Inventory Alc 980 Credit JF OMR 650 900 Total Total Capital Alc Debit Particulars Credit Particulars Date JF OMR Date 1/9/2020 Bank JF OMR 21,200 Total Total Inventory Alc Credit JF OMR Date 900 200 Particulars Debit Date Particulars 3/9/2020 Bank A/C 9/15/2020 Accounts Payable Total JF OMR Total Computer Alc Debit Date Particulars 2/9/2020 Bank Total JF OMR Date 650 Particulars JF OMR Total Debit Date Particulars 4-Sep-20 Sales A/C Accounts Receivable Alc Credit JF OMR Date Particulars 1,300 8/9/2020 Bank Alc JF OMR 3001 Total Total Debit Date Particulars Sales Revenues Alc Credit JF OMR Date Particulars 4/9/2020 Accounts Receivable A/C 15/9/2020 Bank A/C JF OMR 1,300 980 Total Total Debit Date Particulars Accounts Payable Alc Credit JF OMR Date Particulars 9/15/2020 Inventory A/C Total JF OMR 2001 Total
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started