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    General Journal (Extract) General Ledger (Extract)

    Uploaded by

    Kirat Bansal
    1) The document records transactions from April 3 to April 30 through journal entries with debits and credits to various accounts like inventory, bank, account payables, GST clearing, etc. 2) Major transactions include purchase of inventory on credit, payment of electricity expenses, purchase of office equipment, return of inventory, payment to account payables, purchase and return of additional inventory, and payment of repair expenses. 3) The general ledger extract shows the corresponding posting of these journal entry amounts to individual accounts to keep track of the balances.

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    General Journal (Extract) General Ledger (Extract)

    Uploaded by

    Kirat Bansal
    120 views3 pages
    1) The document records transactions from April 3 to April 30 through journal entries with debits and credits to various accounts like inventory, bank, account payables, GST clearing, etc. 2) Major transactions include purchase of inventory on credit, payment of electricity expenses, purchase of office equipment, return of inventory, payment to account payables, purchase and return of additional inventory, and payment of repair expenses. 3) The general ledger extract shows the corresponding posting of these journal entry amounts to individual accounts to keep track of the balances.

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    736287-1-69E

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    1) The document records transactions from April 3 to April 30 through journal entries with debits and credits to various accounts like inventory, bank, account payables, GST clearing, etc. 2) Major transactions include purchase of inventory on credit, payment of electricity expenses, purchase of office equipment, return of inventory, payment to account payables, purchase and return of additional inventory, and payment of repair expenses. 3) The general ledger extract shows the corresponding posting of these journal entry amounts to individual accounts to keep track of the balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    120 views3 pages

    General Journal (Extract) General Ledger (Extract)

    Uploaded by

    Kirat Bansal
    1) The document records transactions from April 3 to April 30 through journal entries with debits and credits to various accounts like inventory, bank, account payables, GST clearing, etc. 2) Major transactions include purchase of inventory on credit, payment of electricity expenses, purchase of office equipment, return of inventory, payment to account payables, purchase and return of additional inventory, and payment of repair expenses. 3) The general ledger extract shows the corresponding posting of these journal entry amounts to individual accounts to keep track of the balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    General Journal (extract)

    Date Particulars Account Post Debit Credit Date


    no. ref. $ $
    A 3-Apr Inventory 55,900
    GST Clearing 5,590
    Account payable-White tulip Ltd 61,490 April 3
    (Inventory purchased on credit)
    7
    B 3-Apr Electricity expenses 1,500
    Bank 1,500 15
    (Electricity expeses paid)
    16
    C 7-Apr Office equipment 24,036
    GST Clearing 2,404
    Account payable-La Perouse frniture 24,940 April 3
    Bank 1,500
    (Office equipment purchased on credit) 16

    D 9-Apr Account payable-White tulip Ltd 61,490


    GST Clearing 5590 April 30
    Inventory 55,900
    (Inventory purchased on credit returned)
    April 3
    F 12-Apr Account payable-White tulip Ltd 56,496
    Bank 56,496
    (Cash paid to account payable) April 7

    G 15-Apr Repair and maintenance 770


    GST Clearing 77 April 15
    Account payable-Rasmuseen Garage 847
    (Cash paid to account payable)

    H 16-Apr Inventory 14,000


    GST Clearing 1,400
    Bank 15,400
    (Cash inventory purchased)

    I 19-Apr Bank 440


    GST Clearing 40
    Inventory 400
    (Inventory purchased now returned)

    J 22-Apr Account payable-La Perouse frniture 24,940


    Bank 24,940
    (Cash paid to account payable)

    K 30-Apr Account payable-Rasmuseen Garage 847


    Bank 847
    (Cash paid to account payable)
    General Ledger (extract)
    Particulars Post Amount Date Particulars Post Amount
    ref. ref.

    GST Clearing a/c


    Account payable 5,590 April 9 Account payable 5,590
    - White tulip Ltd - White tulip Ltd
    Account payable 2404 19 Bank 40
    - La Perouse furniture
    Account payable
    -Rasmuseen Garage 77
    Bank 1400

    Inventory a/c
    Account payable 55,900 April 19 Bank 400
    - White tulip Ltd
    Bank 14000

    Account payable control a/c


    Bannk 143,773 April 30 Inventory sng GST 87,277

    Electricity expenss a/c


    Bannk 1,500

    Office equipment a/c


    Bannk 24,036

    Repair and maintenance a/c


    Bannk 770

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