Nipun open a business enterprise name Nipun Golf nad Diving Range on May 01,2008.The Following selected transactions
Question:
Nipun open a business enterprise name ‘Nipun Golf nad Diving Range’ on May 01,2008.The Following selected transactions occurred during the month of May 2009
May 01: Invested Tk 60000 Cash in her business
May 03: Purchased Golf assets for Tk 48000 on Cash. the price consists of land
33000 ,building tk 12000 and equipment tk3000
May05 Advertising expense tk 1500
May 06: Paid cash tk 2400 for 2years insurance premium
May 10: purchased equipment tk 3000,Cash Payment Tk 2000 and signing a note for balancing figure
May 18: Received Tk 15000 for service revenue
May 20: Withdrew Tk 2000 for her personal use
May 25: paid Salaries Tk 3000 to staffs
May 30: Paid ground rent Tk 4000
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel