Ledger entry 2

Ledger Posting Second Problem

	Prepare Madhu Account from the following
1-May	Goods purchased from Madhu Rs.	20000
5-May	Cash Paid to Madhu Rs.	3000
8-May	Goods Returned to Madhu Rs.	1000
12-May	Paid to Madhu by Cheque	8000
19-May	Discount allowed by Madhu	500
24-May	Goods purchased from Madhu Rs.	4000
28-May	Cash Purchases from Madhu	2000

Posting in the books of Madhu	Journal Entries
Goods purchased from Madhu	Purchased a/c            To Madhu A/c
Cash Paid to Madhu	Madhu A/c             To Cash A/c
Goods Returned to Madhu	Madhu A/c                              To Purchased Return A/c
Paid to Madhu by Cheque	Madhu A/c                  To Bank A/c
Discount allowed by Madhu	Discount  A/c          To Madhu A/c
Goods purchased from Madhu	Purchased a/c          To Madhu A/c
Cash Purchases from Madhu	Purchased a/c          To Cash A/c (entry not effects madhu account as it is a cash transaction)

DR			Madhu Account					CR
Date	Particular	J.F No.	Amount		Date	Particular	J.F No.	Amount
5-May	To Cash		3000		1-May	By Purchased		20000
8-May	To Purchase Return		1000		28-May	By Discount		4000
12-May	To Bank		8000
19-May	To Discount		500
31-Mar	To Balance C/d		11500
			24000					24000
					1.4.2019	To Balance b/d		11500