Journal | Ledger | Trial Balance Solution

April 1, 2022July 24, 2022 Supriyo Sir

In this article, we will do the Journal, Ledger and Trial Balance Solution of BCOC-131 Financial Accounting Assignment of IGNOU for the year 2021-22.

Problem Given:

Journalize the following transactions, post them into Ledger and prepare a Trial balance.

a) Business started with a capital of ₹ 5,00,000.

b) Furniture purchased from Jai Sons on credit ₹ 2,00,000.

c) Payment made to Silky Brothers ₹ 10,000.

d) Commission received from Haryana Automobiles ₹ 8,000.

e) Goods purchased from Ramlal and Sons ₹ 6,00,000.

f) Interest paid to Ghanshyam and Sons ₹ 6,000.

Solution:

In the books of ………..

Journal

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Rectify the errors and prepare the suspense Account.

Define Computerized Accounting and distinguish between manual and computerized accounting system.

Ledger Accounts

Trial Balance as on …………

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