June Purchases A/c To Gulmohar Fashion House A/c (Goods purchased on credit) June Office Machines A/c To Bank A/c (Office machine purchased) June Rent A/c , To Bank A/c , (Rent paid) June Mohit Bros A/c To Sales A/c (Goods sold on credit) Total c/f , , , , Total b/f , , , , June Cash A/c , To Sales A/c , (Goods sold for cash) June Gulmohar Fashion House A/c To Cash A/c (Cash paid to Gulmohar Fashion House) June Bank A/c To Mohit Bros A/c (Payment received in full and final settlement) June Salary A/c , To Cash A/c , (Monthly salary paid) Total , , , , Posting in the Ledger Book Cash Account June , , June Bank , June Sales , June Gulmohar Fashion House June Salary , Capital Account June , , Bank Account June , June Office Machines June Mohit Bros. June Rent , Purchases Account June Gulmohar Fashion House Gulmohar Fashion House Account June June Purchases Office Machines Account June Bank Rent Account June Bank , Mohit Bros. Account June Sales June Sales Account June June Mohit Bros. June , Salary Account June , Illustrtion Journalise the following transactions of M/s Time Zone and post them to the ledger accounts : Details Dec.
Business started with cash , , Dec. Opened a bank account with ICICI , , Dec. Goods purchased for cash , Dec. Paid cartage Dec.
Goods sold on credit to M/s Lara India , Dec. Cash received from M/s Lara India Dec. Goods returned from Lara India , Dec. Paid trade expenses Dec.
Goods purchased on credit from Taranum , Dec. Cheque received from M/s Lara India for final settlement , and deposited sameday into bank Dec. Goods returned to Taranum , Dec. Paid for stationery , Dec.
Cheque given to Taranum on account Dec. Paid rent by cheque