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  • Assignment 3

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    Saish waingankar
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    The document provides instructions for an accounting assignment involving preparing ledger accounts and balancing them based on sample business transactions for Mr. Joshi. Students are asked to (1) prepare necessary ledger accounts for transactions including purchases, sales, payments, and receipts between July 1-31, and (2) balance the ledger accounts. The document also asks students to explain what a ledger is and the steps for recording entries in a ledger.

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    The document provides instructions for an accounting assignment involving preparing ledger accounts and balancing them based on sample business transactions for Mr. Joshi. Students are asked to (1) prepare necessary ledger accounts for transactions including purchases, sales, payments, and receipts between July 1-31, and (2) balance the ledger accounts. The document also asks students to explain what a ledger is and the steps for recording entries in a ledger.

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    22 views1 page

    Assignment 3

    Uploaded by

    Saish waingankar
    The document provides instructions for an accounting assignment involving preparing ledger accounts and balancing them based on sample business transactions for Mr. Joshi. Students are asked to (1) prepare necessary ledger accounts for transactions including purchases, sales, payments, and receipts between July 1-31, and (2) balance the ledger accounts. The document also asks students to explain what a ledger is and the steps for recording entries in a ledger.

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    © All Rights Reserved
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    of 1

    ASSIGNMENT

    Unit I:LEDGER
    Module 3 – Ledger

    1.From the following transactions Prepare necessary ledger accounts in the books of Mr.
    Joshi and balance the same.
    2011 July 1 Started Business with Cash Rs 8,000.
      4 Purchased goods on credit from Mr. Desmukh Rs 3,000 at 10% T.D.
      6 Cash Sales Rs 4,000 at 5% C.D.
      10 Paid Rent Rs 900.
      15 Cash Purchases Rs 800.
      20 Credit sales to Mr. Kulkarni Rs 2,700.
      22 Paid cash to Mr. Deshmukh Rs 2,700.
      23 Received cash from Mr. Kulkarni Rs 1,000.
    31 Paid wages Rs 500

    2. What is Ledger? Explain Steps of Recording Ledger?

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