Record the following transactions in Journal. Post them into ledger and prepare a Trial Balance. Jan...
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Record the following transactions in Journal. Post them into ledger and prepare a Trial Balance. Jan 1; Jan 2; Jan 10 Jan 15 Jan 20 Jan 28 Jan 31 Started business with cash Rs. 80,000 Bought furniture for cash Rs. 5,000 Bought merchandise for cash Rs. 3,000 Bought merchandise on credit from Iqbal Rs. 5000 Sold merchandise for cash Rs. 6,000 Paid cash to Iqbal Rs. 4,000 Paid salaries for the month Rs. 550 Record the following transactions in Journal. Post them into ledger and prepare a Trial Balance. Jan 1; Jan 2; Jan 10 Jan 15 Jan 20 Jan 28 Jan 31 Started business with cash Rs. 80,000 Bought furniture for cash Rs. 5,000 Bought merchandise for cash Rs. 3,000 Bought merchandise on credit from Iqbal Rs. 5000 Sold merchandise for cash Rs. 6,000 Paid cash to Iqbal Rs. 4,000 Paid salaries for the month Rs. 550
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Journal Date Particulars Debit Credit Jan 1 Cash 80000 Capital 80000 Jan 2 Furniture 5000 Cash 5000 ... View the full answer
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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