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DPA 1 0 0 1 3 / PRACTICAL EXERCISE / SESII 2 0 2 3 / 2 0 2 4 INSTRUCTION: Answer ALL questions. QUESTION
DPAPRACTICAL EXERCISESESII INSTRUCTION: Answer ALL questions. QUESTION Following balances appeared in the books of Rachel on January : Assets : Cash in hand RM Stock RM Lina Chan RM Malik Kamal RM Furniture RM Liabilities: Ghani RM Vincent RM Following transactions took place during January : tableJanuary Purchased Typewriter for RM Sold goods for Cash of the list price of RM at trade discount and CashdiscountSold goods to Ghan Singh for RM Ghan Singh returned goods for RM Purchased goods from Arif RM ; and from Vivi RM Settled Arifs account in full after deducting for cash discount.Paid cash to Ghani in full settlement of his account.Received RM from Lina Chan in full settlement of his account.Purchased a Scooter for office use RM Sold goods for cash RM Received from Ghan Singh RM and discount allowed RM Paid for Wages RM and Salaries RM Withdrew goods for RM and Cash RM for private use.Paid for Life Insurance Premium of the proprietor RM From the transactions above, prepare: a General Journal Marks b Ledger Accounts Marks c Trial Balance as at January after balancing off the ledger accounts. Marks
DPAPRACTICAL EXERCISESESII
INSTRUCTION:
Answer ALL questions.
QUESTION
Following balances appeared in the books of Rachel on January :
Assets : Cash in hand RM Stock RM Lina Chan RM Malik Kamal RM Furniture RM
Liabilities: Ghani RM Vincent RM
Following transactions took place during January :
tableJanuary Purchased Typewriter for RM Sold goods for Cash of the list price of RM at trade discount and CashdiscountSold goods to Ghan Singh for RM Ghan Singh returned goods for RM Purchased goods from Arif RM ; and from Vivi RM Settled Arifs account in full after deducting for cash discount.Paid cash to Ghani in full settlement of his account.Received RM from Lina Chan in full settlement of his account.Purchased a Scooter for office use RM Sold goods for cash RM Received from Ghan Singh RM and discount allowed RM Paid for Wages RM and Salaries RM Withdrew goods for RM and Cash RM for private use.Paid for Life Insurance Premium of the proprietor RM
From the transactions above, prepare:
a General Journal
Marks
b Ledger Accounts
Marks
c Trial Balance as at January after balancing off the ledger accounts.
Marks
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