1 2 3 4 5 6 4 You are required to show the opening journal entries....
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1 2 3 4 5 6 4 You are required to show the opening journal entries. Post the following transactions in the ledger and balance the account on 31st January, 2008 Adjoa started business with capital of GH¢10,000 She purchased goods from Efua on credit GH$2,000 She paid cash to Efua GH¢1,000 She sold goods to Adjoa GH¢2,000 She received cash from Adjoa GH$3,000 She further purchased goods from Efua GH$2,000 She paid cash to Efua GH¢1,000 She further sold goods to Adjoa GH42,000 She received cash from Adjoa GH¢1,000 7 8 9 On 1 January, 2008 Ajasco set up a business with the following assets and liabilities: Premises GH¢150m; Fixtures and Fittings GHC50m; Motor Van GH200m; Stock GH 250m; Bank loan GH¢350m; Cash at Bank GH4230m; Creditors GH¢150m; and Cash in hand GH480m. 1 2 3 4 5 6 4 You are required to show the opening journal entries. Post the following transactions in the ledger and balance the account on 31st January, 2008 Adjoa started business with capital of GH¢10,000 She purchased goods from Efua on credit GH$2,000 She paid cash to Efua GH¢1,000 She sold goods to Adjoa GH¢2,000 She received cash from Adjoa GH$3,000 She further purchased goods from Efua GH$2,000 She paid cash to Efua GH¢1,000 She further sold goods to Adjoa GH42,000 She received cash from Adjoa GH¢1,000 7 8 9 On 1 January, 2008 Ajasco set up a business with the following assets and liabilities: Premises GH¢150m; Fixtures and Fittings GHC50m; Motor Van GH200m; Stock GH 250m; Bank loan GH¢350m; Cash at Bank GH4230m; Creditors GH¢150m; and Cash in hand GH480m.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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