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CBSE Class 11-commerce Answered

Post the following transactions in their respective ledger accounts.       Date    Rs.  2016 March 31 Stock at the end of the year 40,000   Salaries due to staff 8,500   Sold goods to Mohan 20,000   Purchased goods from Radha 10,000   Withdrawn from bank for private use 1,000   Placed in fixed Deposit Account at bank by transfer from current account. 6,000   Goods given as charity 5,000  
Asked by Topperlearning User | 15 Jun, 2016, 02:55: PM
answered-by-expert Expert Answer

Closing Stock A/c

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2016

 

 

 

2016

 

 

 

March 31

To Trading A/c

 

40,000

 

By Balance c/d

 

40,000

 

 

 

40,000

 

 

 

40,000

April 1

To Balance b/d

 

40,000

 

 

 

 

 

Trading A/c

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2016

 

 

 

2016

 

 

 

March 31

To Balance c/d

 

40,000 

March 31

By Closing Stock A/c

 

40,000

 

 

 

40,000

 

 

 

40,000

 

 

 

 

April 1

By Balance b/d

 

40,000

 

 

Salaries A/c

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2016

 

 

 

2016

 

 

 

March 31

To Outstanding Salaries A/c

 

8,500

March 31

By Balance c/d

 

8,500

 

 

 

8,500

 

 

 

8,500

April 1

To Balance b/d

 

8,500

 

 

 

 

 

Salaries Outstanding A/c

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

 Answered by | 15 Jun, 2016, 04:55: PM
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