Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q.2) Enter the following transactions in the Journal and post them into ledger and from the information obtained prepare a Trail Balance for Royson Pvt

image text in transcribed
Q.2) Enter the following transactions in the Journal and post them into ledger and from the information obtained prepare a Trail Balance for Royson Pvt Ltd. [72 M] Nov 10 2017: Mrs. Roy started business with 60.000 11th : Bought furniture from Modern Furniture for 10,000 12th : 13th: 14th : 16th : 17th : 18th : 19th 20th: 21st: 22nd : 23rd : Purchased goods for cash 15.000 Purchased goods from Khan & Co for 30.000 Opened a bank account by depositing 16,000 Sold goods for cash 15,000 Purchased stationery for 1000 from Pak Stationery Mart Sold goods to Zahir Khan for 10.000 Bought machinery for 6.000 and payment made by cheque Goods returned by Zahir Khan for 2.000 Payment to Khan & Co by cheque 5.000 Withdrew from bank for personal use 3.000 Interest paid through cheque 2.000 Withdrew from bank for office expenses 10.000 Cheque received from Zahir Khan 5.000 Paid electricity bill for 100 Cash sales for 6.000 Commission received by cheque 5.000 24th : 26th : 27th : 29th : 30th

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

Auditing Information Security A Complete Guide

Authors: Gerardus Blokdyk

2020 Edition

1867303531, 978-1867303534

More Books

Students also viewed these Accounting questions

Question

Explain the meaning of a preexisting condition.

Answered: 1 week ago