Prerana started Designer Garments. The following transactions took place in the first month i.e Apri 2021 April
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Prerana started Designer Garments. The following transactions took place in the first month i.e Apri 2021
April 01: Prerana invested cash in the company's share capital Rs.75000/
April 02: Paid rent deposit for premises, Rs.15000/-
April 03: Purchased goods on credit Rs.24000r-from X
April 14: Paid electricity expenses Rs.1250/-
April 20: Sold goods to Y on credit, Rs. 16000/-
You are required to analyze each transaction. Make journal entries, post them to respective ledger accounts and prepare a trial balance at the month end.
Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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