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  • Ledger-Compound Entries: Financial Accounting

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    Henry
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    This document discusses ledger compound entries in financial accounting. It was presented by Bharat Kumar Meher, Assistant Professor in the Department of Commerce at MAHE Manipal. The document provides examples of ledger entries for a business for the month of January 2017, including starting with a capital amount of Rs. 20,000, purchases from and payments to suppliers Hari and Anil, a purchase and partial payment from a customer Prince Behari, and receiving 50 paise rupee from Prince Behari's official receiver after he became insolvent on a debt of Rs. 100.

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    4-BBA-Ledger Compound

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    This document discusses ledger compound entries in financial accounting. It was presented by Bharat Kumar Meher, Assistant Professor in the Department of Commerce at MAHE Manipal. The document provides examples of ledger entries for a business for the month of January 2017, including starting with a capital amount of Rs. 20,000, purchases from and payments to suppliers Hari and Anil, a purchase and partial payment from a customer Prince Behari, and receiving 50 paise rupee from Prince Behari's official receiver after he became insolvent on a debt of Rs. 100.

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    49 views4 pages

    Ledger-Compound Entries: Financial Accounting

    Uploaded by

    Henry
    This document discusses ledger compound entries in financial accounting. It was presented by Bharat Kumar Meher, Assistant Professor in the Department of Commerce at MAHE Manipal. The document provides examples of ledger entries for a business for the month of January 2017, including starting with a capital amount of Rs. 20,000, purchases from and payments to suppliers Hari and Anil, a purchase and partial payment from a customer Prince Behari, and receiving 50 paise rupee from Prince Behari's official receiver after he became insolvent on a debt of Rs. 100.

    Copyright:

    © All Rights Reserved
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    Ledger-Compound Entries

    Financial Accounting
    Presented by :-
    Bharat Kumar Meher,
    Assistant Professor
    DEPARTMENT OF
    COMMERCE, MAHE,
    MANIPAL
    Department of Commerce, New Management Block, MAHE, Manipal, 576 104, Karnataka, India, Ph. No: 0820 25342 Email: doc.office@manipal.edu
    2017
    Jan 02 Vedant started a business with Capital Rs. 20,000
    Jan 04 Bought from Hari goods worth ₹ 2500
    Jan 12 Cash paid to Hari in full settlement of his account ₹ 2400.
    Jan 15 Goods purchased from Anil and he allowed trade discount 10% ₹ 350.
    Jan 20 Cash paid in full satisfaction ₹ 300.
    Jan 21 Prince Behari bought from us ₹ 115.
    Jan 22 Cash paid by Prince Behari ₹ 15.
    Jan 25 Prince Behari became insolvent ,a final composition of 50 paise in a
    rupee received from his official receiver out a debt of ₹ 100.
    Department of Commerce, New Management Block, MAHE, Manipal, 576 104, Karnataka, India, Ph. No: 0820 25342 Email:
    Department of Commerce, New Management Block, MAHE, Manipal, 576 104, Karnataka, India, Ph. No: 0820 25342 Email:
    Department of Commerce, New Management Block, MAHE, Manipal, 576 104, Karnataka, India, Ph. No: 0820 25342 Email:

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