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genorap book of entry 93 JOURNAL: THE ORIGINAL BOOK OF ENTRY PROBLEMS 2015 August 01: 1 Saad started business with cash Rs. 50,000. OS: Purchased
genorap book of entry
93 JOURNAL: THE ORIGINAL BOOK OF ENTRY PROBLEMS 2015 August 01: 1 Saad started business with cash Rs. 50,000. OS: Purchased goods for cash Rs. 10,000. 09: Sold goods for cash Rs. 12,000, 15: Paid rent Rs. 3,000 25: Received interest Rs. 1,000. 02 Record the above the transactions in the journal. Ref: 2 2015 May 01: Commenced business with cash 03: Goods purchased from Tanveer on credit 08: Purchased typewriter from Muzzamal 15: Cash sale to Rahim 20: Paid salary to clerk Record the above transactions in journal. Rs. 250,000 10,000 10,000 6,000 3,000 Reg: 3 Journalise the following transactions in the books of a trader. August 01: Introduced cash Rs. 1,48,000 and building Rs. 200,000 as capital. 04: Purchased goods on account from Noor Mills limited Rs. 4,500 10: Sold goods to Mobcen & Co. for Rs. 1,500. 15: Goods returned by Mobeen & Co. for Rs. 125. Paid insurance premium Rs. 330. 20: 4. Journalise the following transactions in the books of Wasim. 2015 Jan. 01: Started business with cash 04: Purchased goods for cash 09: Purchased motor vehicle from Saleem Auto 14: Sold goods to Habib at list price less trade discount 5% 20: Paid travelling expenses Rs 400.000 100,000 150.000 50.000 1.000 ACCOUNTING TE 94 5. July 1, 2015: Umar started business with a capital of Rs. 74,000. 2, 2015: Purchased goods for Rs. 14,000 on credit from Amjad. 10, 2015: Sold goods to Aslam for Rs. 9,000, 14, 2015: Cash given to Amjad Rs. 13,800 and received discount Rs. 200. 19, 2015: Received cash from Aslam Rs. 8,800 in full settlement of account. Record the above transactions in Journal. Reg: 6. RA 300.000 30.000 1.000 1.000 120,000 2015 Oct. 01: Started business with a capital 08: Purchased goods on credit from Naveed 10: Goods returned to Naveed 15: Withdrew cash for the payment of tuition fee of owner's children 20: Building purchased for cash Record the above transactions in Journal. M Req: 7. Journalise the following transactions. Mar 01: Commenced business with cash OS: Goods purchased from Moneeb 09: Withdrew goods from business for personal use 14: Purchased machinery 20: Charged depreciation on machinery 250.000 40.000 1,500 50,000 1.000 . & Journalise the following transactions in the books of Qaiser. 2014 Dec 01: Qaiser stated business with cash 06: Goods purchased from Ansar 10: Goods destroyed in accident 14: Goods given away as charity 19: Cash given away as charity Rs. 200,000 100,000 12,000 5.000 1,000 9. Record the following transactions in journal. 2015 May 01: Started business with cash 02: Deposited cash into bank 07: Bought goods by cheque 10: Commission paid by cheque 15: Interest received on bank deposit R. 600,000 400,000 150,000 500 250 Step by Step Solution
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