Question

On 1 March 2020, goods valuing $1000 were bought from Mr. D.

On 15 March 2020, goods, valued at $200, returned to Mr. D .

On 1 May 2020, goods for $2000 were sold to Mr. E.

On 15 May 2020, Mr. E returned goods, valued at $500, to the business.

On 1 June 2020, goods, valued at $600, were bought from Mr. Z on credit.

On 15 June 2020, the due amount of $800 was paid to Mr. D through cheque.

On 15 July 2020, the due amount of $1500 was received from Mr. E through cheque.

Draw the T account of Purchases, Sales, Mr. D, Mr. E, Return inwards, Return outwards, Mr. Z and Bank.

Answer 1

Purchase Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
1-Mar-20	To Mr. D	$      1,000.00			By Bal c/d	$      1,600.00
1-Jun-20	To Mr. Z	$          600.00
		$      1,600.00				$      1,600.00
	To Bal b/d	$      1,600.00
Sales Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
	To Bal c/d	$      2,000.00		1-May-20	By Mr. E A/c	$      2,000.00
		$      2,000.00				$      2,000.00
					By Bal b/d	$      2,000.00
Mr. D Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
15-Mar-20	To Return outward	$          200.00		1-Mar-20	By Purchase Account	$      1,000.00
15-Jun-20	To Bank	$          800.00
		$      1,000.00				$      1,000.00
Mr. E Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
1-May-20	To Sales	$      2,000.00		15-May-20	By Return Inward	$          500.00
				15-Jul-20	By Bank	$      1,500.00
		$      2,000.00				$      2,000.00
Return inward Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
15-May-20	To Mr.E A/c	$          500.00			By Bal c/d	$          500.00
		$          500.00				$          500.00
	To Bal b/d	$          500.00
Return outward Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
0-Jan-00	To Mr. D A/c	$      1,600.00			By Bal c/d	$      1,600.00
		$      1,600.00				$      1,600.00
	To Bal b/d	$      1,600.00
Mr. Z Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
	To Bal C/d	$          600.00		1-Jun-20	By Purchase Account	$          600.00
					To Bal b/d	$          600.00
Bank Account
Date	Particulars	Dr. Amount		Date	Particulars	Cr. Amount
15-Jul-20	To Mr. E A/c	$      1,500.00		15-Jun-20	By Mr. D A/c	$          800.00
					By Bal C/d	$          700.00
		$      1,500.00				$      1,500.00
	To Bal b/d	$      1,500.00