Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following are the transactions. ( 1 0 marks ) You are required to: Identify Accounting transactions & pass journal entries ( in the journal format

Following are the transactions. (10 marks)
You are required to:
Identify Accounting transactions & pass journal entries (in the journal format).
Also identify Non Accounting transactions & give a note regarding the same.
2023
April 1st Commenced business with cash .20,000.
April 2nd Appointed Gregory as salesman on a monthly wage of .14,000
April 3rd Purchased goods from Ravi .5,000.
April 8th Bought office furniture for cash .8,000.
April 16th Received commission .150.
April 25th Appointed Mr. Sathish as manager with a monthly salary of .5,000 per month.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions