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This is a subjective question, hence you have to write your answer in the Text-Field given below. Record the Journal entries and Prepare Ledger of
This is a subjective question, hence you have to write your answer in the Text-Field given below. Record the Journal entries and Prepare Ledger of Cash account only for the year ended 31 March, 2020 [8] 1st April 2019 XYZ started business with Cash Rs 10 lakhs and Furniture Rs 2 lakhs 20th April 2019 Purchased goods from ABC Rs 5 lakhs Sth May 2019 Purchase return happened Rs 2 lakhs due to faulty product 10th June 2019 Sales worth Rs 2 lakhs while cash discount Rs 5,000 provided 31st December 2020 Paid to ABC in full settlement Rs 2,90,000 1st January 2020 Machinery purchased Rs 2 lakhs 31st March 2020 Salary paid for the year Rs 20,000 while 2 months salary remain outstanding 31st March 2020 Rent paid Rs 5,000 and commission received Rs 10,000
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