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Q1/ Prepare the journal entries for the following transaction : a) Cash in transit Dhs. 12,142 b) Bills Payable Dhs. 45,000 c) Bills receivable Dishounourd

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Q1/ Prepare the journal entries for the following transaction : a) Cash in transit Dhs. 12,142 b) Bills Payable Dhs. 45,000 c) Bills receivable Dishounourd from the bank Dhs. 15,750 d) PDC Cheques Dhs. 15,000 e) Cash Collection Dhs. 50,000 f) Credit Card Collection Dhs. 12,500 Stock Bills Receivable Debtors Trade Payable Building Bank Sales Interest on Investment Expenses Capital Reserve Prepaid Expenses Investment Cost of sales Advertisment Cash In Hand Goodwill Claims Receivable Outstanding Expenses Profit on Sale of assets

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