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

Answer 1

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