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Question
Prepare Anand’s account from the following details.
| 2017 July | Particulars | ₹ |
| 1 | Credit balance of Anand’s A/c | 4,000 |
| 15 | Amount paid to Anand | 2,000 |
| 18 | Goods purchased from Anand on credit | 8,000 |
| 20 | Paid to Anand | 3,960 |
| Discount allowed by him | 40 | |
| 25 | Goods purchased from Anand | 5,000 |
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Solution
Anand’s A/c
Dr. Cr.
| Date | Particulars | J.F. | ₹ | Date | Particulars | J.F. | ₹ |
| 2017 | 2017 | ||||||
| July 15 | To Cash A/c | 2,000 | July 1 | By Balance b/d | 4,000 | ||
| July 20 | To Cash A/c | 3,960 | July 18 | By Purchase A/c | 8,000 | ||
| July 20 | To Discount Allowed A/c | 40 | July 25 | By Purchase A/c | 5,000 | ||
| July 31 | To Balance c/d | 11,000 | |||||
| 17,000 | 17,000 | ||||||
| Aug. 1 | By Balance b/d | 11,000 |
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