Prepare Sanvi Account from the following particulars:
January 1.
Amount due from Sanvi
10,000
6.
Goods sold to Sanvi
8,000
10.
Goods Returned by Sanvi
500
16.
Received Cheque from Sanvi
5,000
20. Received cash from Savni
2,000
January 1.
Amount due from Sanvi
10,000
6.
Goods sold to Sanvi
8,000
10.
Goods Returned by Sanvi
500
16.
Received Cheque from Sanvi
5,000
20. Received cash from Savni
2,000
Answers & Comments
Answer:
| Date | Particulars | Debit ($) | Credit ($) |
|------------|-----------------------------------|------------|-------------|
| Jan 1 | Accounts Receivable (Sanvi) | 10,000 | |
| Jan 6 | Sales | 8,000 | |
| Jan 10 | Sales Returns | 500 | |
| Jan 16 | Cash | | 5,000 |
| Jan 16 | Accounts Receivable (Sanvi) | 5,000 | |
| Jan 20 | Cash | | 2,000 |
| Jan 20 | Accounts Receivable (Sanvi) | 2,000 | |
This table summarizes the transactions for the Sanvi account. Please note that "Sales" and "Sales Returns" accounts are used here; you may substitute them with the specific account names in your accounting system.
Explanation:
please brainlist to me
Sanvi owes ₹10,500 after aforesaid transactions takes place