Prepare Journal and Ledger Accounts for the
following transactions:
DATE TRANSACTION
1.
1
2
3
5
8
10
12
15
17
24
25
27
31
Started business with Rs. 2,00,000 in the bank and Rs. 40,000 cash
Bought shop fitting Rs. 40,000 and a van Rs. 60,000, both paid by cheque
Paid rent by cheque Rs. 5,000.
Bought goods for resale on credit from Zakir & Co. Rs. 50,000.
Cash sales Rs. 5,000.
Paid wages of assistant in cash Rs. 1,000.
Paid Insurance by cheque Rs. 500
Cash sales Rs. 8,000
Goods returned to Zakir & Co. Rs. 6,000.
Paid Zakir & Co. Rs. 30,000 by cheque.
Bought stationery and paid in cash Rs. 500.
Cash sales Rs. 15,000.
Paid Rao & Co. Rs. 14,000 by cheque.
Paid Rs. 20,000 Into the bank