Prepare Krishna’s account in the books of Venkat and Venkat’s account in the ledger of Krishna.

2009

May1

Venkat sold goods to Krishna

50,000

May3

Krishna paid cash to Venkat

30,000

May7

Krishna returned goods to venkat

2,000

May10

Venkat boughts goods from Krishna

15,000

May15

Venkat paid cash to Krishna

10000

May18

Venkat retrned goods to Krishna

1,000