Question

2013
April 1 Mr. Abdullah started business with cash 100,000
April 2 Bought goods for cash 30.500
April 3 Opened Bank Account with cash 50,000
April 4 Sold goods for cash 40,000
April 7 Bought goods for XYZ Ltd on credit 30,000
April 10 Sold goods to ABC Ltd on credit 5,000
April 15 Purchased machinery and payment made by cheque 16,600
April 19 Paid to XYZ Ltd in cash 10,000
April 21 Received loan from Anil and deposited the same into bank 8,000
April 23 Withdrew from bank for personal use 5,000
April 26 Paid to XYZ Ltd by cheque 8,000
April 27 Received cash from ABC Ltd 10,000
April 30 Purchased stationery by cash 200
April 30 Paid wages and salaries 10,000

A: Pass Journal entries for the above transaction
B: Post them to the appropriate Ledger Accounts
C: Prepare Trial balance from the ledger balances



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  • CreatedAugust 26, 2013
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