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2005 Aug 01: Started business with cash Rs.50, 000 building Rs. 300,000 and furniture Rs, 100,000. Aug 02: Paid rent Rs.3, 000 and commission Rs.5,000.
2005 Aug 01: Started business with cash Rs.50, 000 building Rs. 300,000 and furniture Rs, 100,000. Aug 02: Paid rent Rs.3, 000 and commission Rs.5,000. Aug 03: Purchased typewriter from Muzzamil Rs. 12,000. Aug 04: Deposit cash into bank Rs. 8,000. Aug 05: Sold goods to Ali. for Rs. 12,500. Aug 06: Goods returned by Ali. for Rs. 125 . Aug 07: Purchased goods on credit from Naveed Rs. 30,000 Aug 08: Goods returned to Naveed Rs.30,00. Aug 09: Withdrew cash for the payment of tuition fee of owner's children Rs. 1,000 and goods withdrew Rs 6,000 for personal use. Aug. 10: Charged depreciation on furniture Rs. 20,000. Aug 11: withdrew cash from bank Rs.1,000. Aug 12: Wihdrew cash from bank for personal use Rs.50. Aug 13: Commission paid by cheque Rs. 500 Aug 14: Interest received on bank deposit Rs. 250 Aug 15: Received Commission Rs. 300 and interest Rs.500. Record the above transactions in journal
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