Question

Show the direct ledger postings for the following transactions:

2017 July: 

1 – Shankar commenced business with cash Rs. 1,00,000. 

6 – Sold goods for cash Rs. 10,000. 

9 – Wages paid Rs. 6,000. 

19 – Salaries paid Rs. 8,000. 

20 – Advertisement expenses paid Rs. 4,000.

Answer 1

Cash Account

Shankar’s Capital Account

Sales Account

Wages Account

Salaries Account 

Advertisement Account