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How to prepare a bank account in a ledger?
Refer the data given below to prepare a bank account in a ledger with a single column cashbook −
| DATE | PARTICULARS | V N | LF | $ | DATE | PARTICULARS | VN | LF | $ |
|---|---|---|---|---|---|---|---|---|---|
| 2010 | Balance b/d | 70000 | 2010 | ||||||
| Mar 1 | Customer(Being cheque A/c received) | 20000 | Mar 1 | Bank A/c(Being cheque deposited) | 22000 | ||||
| Mar 5 | Bank A/c(Being amount withdrawn) | 25000 | Mar 12 | Purchases(Being goods bought for cash) | 47000 | ||||
| Mar 9 | Sales A/C(Being goods sold for cash) | 35000 | Mar 24 | Bank A/c (Being cash deposited) | 17500 | ||||
| Mar 20 | Sales A/c(Being goods sold for cash) | 38000 | Mar 31 | Salary A/c(Being salary paid) | 14000 | ||||
| Mar 31 | Balance c/d | 87500 | |||||||
| 188000 | 188000 | ||||||||
| April 1 | Balance b/d | 87500 |
Mar 1 - Bank balance $180000
Mar 21 - Paid Mr.B by cheque $20000
Mar 31 - Paid rent by cheque $8000
Mar 5 - Deposited cheque from A $22000
May 25 - Deposited into bank $17500
Solution
The solution is as follows −
| DATE | Reference | J/F | $ | DATE | PARTICULARS | J/F | $ |
|---|---|---|---|---|---|---|---|
| 2010 | 2010 | ||||||
| Mar 1 | Balance b/d | 18000 | mar 5 | Cash A/c | 25000 | ||
| Mar 5 | Cash A/c | 22000 | mar 21 | Mr.B | 20000 | ||
| Mar 25 | Cash A/c | 17500 | mar 31 | Rent A/c | 8000 | ||
| mar 31 | Balance c/d | 146700 | |||||
| 199700 | 199700 | ||||||
| April 1 | Balance b/d | 146700 |
Updated on: 09-Jul-2021
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