Question
March 1, commenced business with cash SR 150,000 March 2; Purchased Car SR 40,000 March3; Purchased two scooters from XY Company SR 30,000 March 4:
March 1, commenced business with cash SR 150,000
March 2; Purchased Car SR 40,000
March3; Purchased two scooters from XY Company SR 30,000
March 4: Rent received SR 15,000
March 5; Telephone charges paid SR 7,000
March 6; Cash paid to XY Company SR 30,000
March 7; Sold one scooter SR 12,000
Dear,
Pass journal entries and prepare ledgers and trial balance from the above question. After trial balance, prepare Income statement and Balance Sheet.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
