Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Illustration: 16 b9 Complete the journal entries corresponding to the narration given below: Particulars Date L.F. Dr. Amount Cr. Amount 50,000 2016 Sept. 1 Dr.

image text in transcribed

Illustration: 16 b9 Complete the journal entries corresponding to the narration given below: Particulars Date L.F. Dr. Amount Cr. Amount 50,000 2016 Sept. 1 Dr. Dr. Dr. 20,000 Stock a/c Furniture a/c To. (Being started business with cash, stock and furniture.) 1,00,000 Sept. 7 Dr. 15,000 To.. (Being purchased goods from Arvind.) Sept. 8 Dr. 20,000 To.. (Being goods sold to Sonu.) Sept. 15 Dr. Dr. To. (Being sold goods of list price of 710,000 at 10% trade discount and 2% cash discount.) Sept. 18 Dr 600 To.. (Being goods given away as free samples.) Sept. 21 Dr. To... (for deposited cash 25,000 into bank.) Sept.27 Dr. Dr. To.. (Being vijay become insolvent and 50 paisa in a repee is received against 12,000.) Sept.30 Dr. Dr. To.. (Being Salary 5,000 and rent 2,000 paid by cheque.) HERRE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting For Beginners Learn Easy And Fast Accounting Principles

Authors: Dan Wilson

1st Edition

1700199900, 978-1700199904

More Books

Students also viewed these Accounting questions

Question

Describe various competitive compensation policies.

Answered: 1 week ago