How to prepare a bank account in a ledger?

Banking & FinanceFinance ManagementGrowth & Empowerment

Refer the data given below to prepare a bank account in a ledger with a single column cashbook −

DATEPARTICULARSV
N
LF$DATEPARTICULARSVNLF$
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 amount withdrawn)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 −

DATEReferenceJ/F$DATEPARTICULARSJ/F$
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









raja
Published on 08-Jul-2021 08:21:56
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