Page 34 - DMGT403_ACCOUNTING_FOR_MANAGERS
P. 34
Unit 2: Recording of Transactions
Notes
Notes Sundar capital account is having the greater credit balance over the debit balance
account which led to credit balance account.
Dr Purchase Account Cr
Date Particulars Date Particulars
Jan 2 To Cash 10,000 By Balance c/d 20,000
Jan 10 To Mittal&Co 10,000
20,000 20,000
To Balance B/d 20,000
Notes Purchase account is bearing the debit balance account.
Dr Sale Account Cr
Date Particulars Date Particulars
To Balance c/d 15,000 Jan 5 By Cash 5,000
Jan 11 By Ganesh 10,000
15,000 15,000
By Balance B/d 15,000
Notes Sale account is bearing the credit balance account.
Dr Sales Return Account Cr
Date Particulars Date Particulars
Jan 20 To Ganesh 2,000 By Balance c/d 2,000
2,000 2000
To Balance B/d 2000
Notes Sales return account is having the debit balance account.
LOVELY PROFESSIONAL UNIVERSITY 29
