Page 118 - DCOM101_FINANCIAL_ACCOUNTING_I

Financial Accounting-I

Notes Furniture Account

` `
To Cash 1,000 By Balance c/d 1,000
1,000 1,000
By Balance b/d 1,000
Purchase Account
` `
To Cash 6,000 By Balance c/d 10,000
To Raja 4,000
10,000 10,000
To Balance b/d 10,000
Sales Account
` `
To Balance c/d 12,000 To Cash 7,000
To Somu 5,000
12,000 12,000
By Balance b/d 12,000

Raja Account
` `
To Cash 2,500 By Purchase 4,000
To Balance c/d 1,500
4,000 By Balance b/d 4,000
1,500

Somu Account
` `
To Sales 5,000 To Cash 3,000
To Balance c/d 2,000
5,000 5,000
2,000
To Balance c/d
Rent Account

` `
To Cash 200 By Balance c/d 200
200 200
To Balance b/d 200
Commission received Account

` `
To Balance c/d 100 By Cash 100
100 100
By Balance b/d 100

112 LOVELY PROFESSIONAL UNIVERSITY