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Accounting for Managers
Notes Dr Purchase Return Account Cr
Date Particular Date Particulars
To Balance c/d 1,500 Jan 12 By Mittal &Co 1,500
1,500
By Balance B/d 1,500
Notes Purchase return account is bearing credit balance account.
Dr Mittal & Co Account Cr
Date Particulars Date Particulars
Jan 12 To Purchase Return 1,500 Jan 10 By Purchase 10,000
To Balance c/d 8,500
10,000 10,000
By Balance B/d 8,500
Notes Mittal &Co account is having the greater total in the credit side than the debit side
led to credit balance at the closing.
Dr Ganesh & Co Account Cr
Date Particulars Date Particulars
Jan 11 To Sale 10,000 Jan 20 By Sale Return 2,000
By Balance c/d 8,000
10,000 10,000
To Balance B/d 8,000
Notes Ganesh & Co. account is bearing a greater debit side total than the credit side total
which led to have debit balance account.
Dr Office Rent Account Cr
Date Particulars Date Particulars
Jan 31 To Cash 500 By Balance c/d 500
500 500
To Balance B/d 500
30 LOVELY PROFESSIONAL UNIVERSITY
