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Answer should be in detail please 2nd Semester Financial accounting Post the given transactions to journal, ledger and then prepare the trial balance. 1. Started
Answer should be in detail please
2nd Semester
Financial accounting
Post the given transactions to journal, ledger and then prepare the trial balance. 1. Started business with cash RS.300000 2. Purchased merchandise for cash Rs. 100000 3. Purchased furniture for Rs. 10000. 4. Sold merchandise for cash Rs. 30000. 5. Sold Merchandise on accounts Rs 3000 6. Sold merchandise to for cash Rs. 7000. 7. Paid salaries for the month Rs. 8000. 8. Paid rent Rs. 1500. Q2: Accounting is the process of recording financial transaction 3:33 pm
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
