Pss Journal entries and prepare ledger accounts:
Mar. 1 . csh in hand-5500,bank-4500,machinery rs.15000, debtors-Ram-150 Sonu-2000, bank loan-10000, creditors-Sudha-2300.
Mar. 5.purchased goods from Sudha for rs. 1500.
Mar. 10 received cash from Sonu on account.
Mar. 15 cash deposits in bank rs. 2300.
Mar 31 paid to Sudha on account rs. 3500 by cheque.
Mar. 31 depriciation charged on machinery rs.1000. Paid bank loan instalment rs 1000.
|To Bank Loan A/c||10,000|
|(Goods purchased from Sudha)|
|(Cash paid to Sonu)|
|To Cash A/c||2,300|
|(Cash deposited into Bank)|
|To Bank A/c||3,500|
|To Discount Received A/c||300|
|(Amount due to Sudha paid by cheque in full settlement of her account)|
|To Machinery A/c||1,000|
|(Depreciation charged on Machinery)|
|To Bank Loan||1,000|
|(An instalment of Bank Loan paid)|
Due to paucity of time it is not possible for us prepare all the Ledger Accounts.According to the Journal Entries. you can prepare Ledger Accounts Accordingly. However, if you find any difficult related to your query you may get back to us. We assure you our help.