{"id":3414,"date":"2018-03-14T07:40:41","date_gmt":"2018-03-14T07:40:41","guid":{"rendered":"https:\/\/www.helpingstudents.com.ng\/?p=3414"},"modified":"2019-12-16T21:25:26","modified_gmt":"2019-12-16T21:25:26","slug":"ledger-questions","status":"publish","type":"post","link":"https:\/\/hstutorial.com\/fr\/ledger-questions\/","title":{"rendered":"2 Questions on Ledger Entries +Video Guide"},"content":{"rendered":"<h2>Question 1 on Ledger Entries<\/h2>\n<p>Open the necessary ledger accounts to record the transaction below, balance it off and extract trial balance as\u00a0at 31 June 2018.<\/p>\n<ul>\n<li>June 1 \u00a0\u00a0Started business with N4,000 cash<\/li>\n<li>June 3 \u00a0\u00a0Bought goods for cash N1,200<\/li>\n<li>June 5 \u00a0\u00a0Cash sales paid into bank N3,000<\/li>\n<li>June 7 \u00a0\u00a0Withdrew cash for personal use N100<\/li>\n<li>June 10 \u00a0\u00a0Paid wages by cheque N500<\/li>\n<li>June 12 \u00a0\u00a0Bought office furniture by cash N1,500<\/li>\n<li>June 18 \u00a0\u00a0Bought goods by cheque N800<\/li>\n<li>June 25 Paid rent by cash N700<\/li>\n<\/ul>\n<h2>Question 2 on Ledger Entries<\/h2>\n<p>Open the necessary ledger accounts to record the transaction below, balance off the account and extract a trial balance.<\/p>\n<ul>\n<li>May 1 Started a business with N1,500 cash and N8,000 in the bank.<\/li>\n<li>May 2 Credit purchases from Smith N300; Henry N500<\/li>\n<li>May 3 Cash sales N800<\/li>\n<li>May 5 Paid for motor expenses in cash N100<\/li>\n<li>May 10 We paid the following account by cheque after deducting N4 cash discount from Smith\u2019s N160 and N13 cash discount from Henry\u2019s N500<\/li>\n<li>May 11 Bought goods by cheque N600 after given a cash discount of N50<\/li>\n<li>May 15 Credit sales to Collins N700; Mark N400<\/li>\n<li>May 17 The following paid their accounts by cheque after deducting 5% cash discount, Frank N700, Mark N300<\/li>\n<li>May 18 Paid cash into bank N500<\/li>\n<li>Mar 20 Purchase furniture by cheque N1,000<\/li>\n<li>May 25 Paid workers salary by cheque N250<\/li>\n<li>May 27 Withdrew cash for personal use N200<\/li>\n<\/ul>\n<h2>Video Guide on Ledger Entries<\/h2>\n<p>Watch our YouTube video on Ledger entries and how to extract a Trial Balance or kindly visit our YouTube page to <span class=\"waslinkname\">subscribe<\/span> and request a video.<\/p>\n<div class=\"wonderplugin-video\" style=\"width:600px;height:400px;position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;\" data-aspectratio=\"1.5\"><iframe class=\"wpve-iframe\" width=\"100%\" height=\"100%\" src=\"https:\/\/www.youtube.com\/embed\/K-1Wi-s_wcw\" frameborder=\"0\" allowfullscreen><\/iframe><\/div>","protected":false},"excerpt":{"rendered":"<p>Question 1 on Ledger Entries Open the necessary ledger accounts to record the transaction below, balance it off and extract trial balance as\u00a0at 31 June 2018. June 1 \u00a0\u00a0Started business &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/hstutorial.com\/fr\/ledger-questions\/\"> <span class=\"screen-reader-text\">2 Questions on Ledger Entries +Video Guide<\/span> Lire la suite \"<\/a><\/p>","protected":false},"author":2,"featured_media":3407,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[55,59],"tags":[171,170,172],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v21.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Questions on Ledger Entries +Video Guide - HS Tutorial<\/title>\n<meta name=\"description\" content=\"Self-assessment Questions On The Ledger Entries - Give it a shot, ask questions using the comment box below. 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