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Homework answers / question archive / Journalise the following transactions, post them into ledger, close the ledger accounts and prepare trial balance and final accounts (Trading and Profit and loss Account and Balance Sheet
Journalise the following transactions, post them into ledger, close the ledger accounts and prepare trial balance and final accounts (Trading and Profit and loss Account and Balance Sheet. BHD. Date Transactions 01-Apr 20 Michael Started business with Purchase O Ses ICICI Bank Furniture 01-Apr 20 Purchased Plant & Machinery by cheque 25-Apr-20 Purchased goods from ABC Lid 05 May 20 Cash Sales to XYZ Traders 15-May-20 Deposited cash Into ICICI Bank 05-Jun-20 Paid cash to ABC Ltd 10-Jun-20 Received commission by cheque 25-Jun-20 Cash Purchases 05-Jul-20 Sold goods to XYZ Traders 15-Jul-20 Received chegue from XYZ Traders 05-Aug-20 Loan taken from ICICI Bank 25-Aug-20 Purchased goods from ABC Led 26-Aug-20 Returned goods to ABC 1 d. Picha 27-Aug 20 Withdrew cash from bank 05 Sep 20 Received commission in canh, 10 Sep 20 Paid ABC Lad by cheque 20-Sep-20 Received cash from XYZ Traders Sulo 25-Sep-20 XYZ returned goods 01-Oct-20 Bank loan repaid 25-Oct-20 Cash Purchases 05-Nov-20 Sold goods to XYZ Traders 15-Nov-20 Withdrew cash from bank 05-Dec-20 Received interest from bank 25-Dec-20 Purchased goods from ABC Ltd 05.Jan-21 Cash Sales 15-Jan-21 Deposited cash into ICICI 25-Feb-21 Cash Purchases 28-Feb-21 Office rent paid in cash 28-Feb-21 Paid salary by cheque 28-Feb-21 Paid carriage by cash 05-Mar-21 Sold goods to XYZ Traders 31-Mar-21 Paid telephone expenses by cheque 31-Mar-21 Paid insurance in cash 600.000 700.000 200,000 250,000 800,000 1,000,000 500,000 300,000 75,000 250,000 475,000 275.000 200,000 50,000 60,000 10.000 55,000 70,000 90.000 40,000 50.000 25,000 47,000 15,000 5,000 75,000 100,000 35,000 450,000 50,000 30,000 30,000 675,000 50,000 30,000 Closing Stock was value at BHD.30,000 on 31-Mar-21.
