Question
Q.3.Record the Journal entries and Prepare Ledger of Cash account only for the year ended 31 st March, 2020: 1st April 2019 20th April 2019
Q.3.Record the Journal entries and Prepare Ledger of Cash account only for the year ended 31st March, 2020:
1st April 2019
20th April 2019
5th May 2019
10th June 2019
31st December 2020
1st January 2020
31st March 2020
31st March 2020
XYZ started business with Cash Rs 10 lakhs and Furniture Rs 2 lakhs
Purchased goods from ABC Rs 5 lakhs
Purchase return happened Rs 2 lakhs due to faulty product
Sales worth Rs 2 lakhs while cash discount Rs 5,000 provided
Paid to ABC in full settlement Rs 2,90,000
Machinery purchased Rs 2 lakhs
Salary paid for the year Rs 20,000 while 2 months' salary remain outstanding
Rent paid Rs 5,000 and commission received Rs 10,000
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
9th Edition
1259654699, 978-1259654695
