Debit balance of 10400was there in mohan'so account on 1 November2019 ...
Introduction:
This question requires us to solve the ledger of Mohan's account for the month of November 2019. We are given that there was a debit balance of 10400 in his account on 1st November 2019. Let us now look at the transactions that took place in the month and solve the ledger accordingly.
Transactions:
The following transactions took place in Mohan's account during the month of November 2019:
1. On 5th November 2019, Mohan deposited 5000 in his account.
2. On 10th November 2019, he withdrew 2000 from his account.
3. On 15th November 2019, he received a cheque for 8000 and deposited it in his account.
4. On 20th November 2019, he paid his electricity bill of 1500 through his account.
5. On 25th November 2019, he transferred 3000 from his account to his friend's account.
Solution:
Let us now solve the ledger for Mohan's account using the above transactions:
On 1st November 2019, the debit balance in Mohan's account was 10400.
On 5th November 2019, Mohan deposited 5000 in his account. Therefore, the new balance in his account would be:
10400 + 5000 = 15400
On 10th November 2019, he withdrew 2000 from his account. Therefore, the new balance in his account would be:
15400 - 2000 = 13400
On 15th November 2019, he received a cheque for 8000 and deposited it in his account. Therefore, the new balance in his account would be:
13400 + 8000 = 21400
On 20th November 2019, he paid his electricity bill of 1500 through his account. Therefore, the new balance in his account would be:
21400 - 1500 = 19900
On 25th November 2019, he transferred 3000 from his account to his friend's account. Therefore, the new balance in his account would be:
19900 - 3000 = 16900
Therefore, the ledger for Mohan's account for the month of November 2019 would be as follows:
Date | Particulars | Debit | Credit | Balance
01-Nov-19 | Opening Balance | 10400 | - | 10400
05-Nov-19 | Cash Deposit | - | 5000 | 15400
10-Nov-19 | Cash Withdrawal | 2000 | - | 13400
15-Nov-19 | Cheque Deposit | - | 8000 | 21400
20-Nov-19 | Electricity Bill Payment | 1500 | - | 19900
25-Nov-19 | Fund Transfer | 3000 | - | 16900
Conclusion:
In conclusion, we have solved the ledger for Mohan's account for the month of November 2019 using the given transactions. The final balance in his account at the end of the month was 16900. It is important to keep track of all transactions and maintain an updated ledger to avoid any discrepancies in the account.
Debit balance of 10400was there in mohan'so account on 1 November2019 ...
Received cash from him
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