Enter the following transactions in suitable Books and Post there-from into Ledger. June 2013 (20) 1....
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Enter the following transactions in suitable Books and Post there-from into Ledger. June 2013 (20) 1. Jamshed Mirza started business with Cash Rs.25000/- He opened his bank account with Rs.15500/- Bought goods for cash Rs. 1200/-. Purchased office furniture and paid the same by Cheque Rs. 1200/-. Sold to Rashid Rs.500/-. Cash Sales Rs.1900/-. 3. 4. 5. 6. 7. Purchased goods from Mahmood Rs.4500/-. Carriage paid on above Rs.60/-. Sold goods to Karim Rs. 1000/-. Goods worth Rs.100 were given away as charity. Received cash from Rashid Rs.300/-. 8. 9. 10. 11. 12. Paid to Mahmood Rs.2500 by Cheque, discount received Rs.10/-. Purchases goods worth Rs.6500 subject to 5% Trade Discount. Drew from Bank for personal use Rs.500/-. Paid Salaries by Cheque Rs.700/-. Paid Sundry expenses in cash Rs.55/-. 13. 14. 15. 16. 2. Enter the following transactions in suitable Books and Post there-from into Ledger. June 2013 (20) 1. Jamshed Mirza started business with Cash Rs.25000/- He opened his bank account with Rs.15500/- Bought goods for cash Rs. 1200/-. Purchased office furniture and paid the same by Cheque Rs. 1200/-. Sold to Rashid Rs.500/-. Cash Sales Rs.1900/-. 3. 4. 5. 6. 7. Purchased goods from Mahmood Rs.4500/-. Carriage paid on above Rs.60/-. Sold goods to Karim Rs. 1000/-. Goods worth Rs.100 were given away as charity. Received cash from Rashid Rs.300/-. 8. 9. 10. 11. 12. Paid to Mahmood Rs.2500 by Cheque, discount received Rs.10/-. Purchases goods worth Rs.6500 subject to 5% Trade Discount. Drew from Bank for personal use Rs.500/-. Paid Salaries by Cheque Rs.700/-. Paid Sundry expenses in cash Rs.55/-. 13. 14. 15. 16. 2.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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