Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the double entry principles to enter the transactions below in ledger accounts and prepare the Trial balance from the ledger. (20 marks) a) The

Use the double entry principles to enter the transactions below in ledger accounts and prepare the Trial balance from the ledger. (20 marks) a) The owner transferred N$180 000 into the business bank account as hid capital. b) Sold goods for cash N$12 300 c) Paid cash for stationery N$300 d) The owner took N$5 200 cash for his personal use. e) Bought equipment and paid by debit card, N$3 400 f) Deposited N$2 400 into the bank account g)Withdrew N$ 1800 from the bank account for business use. h) Withdrew N$ 500 from the business bank account for cash float. i) Received N$4000 by cheque for rent. j) Sold goods for N$5000 and paid by cheque

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

Eco Management And Audit Scheme

Authors: Gerardus Blokdyk

3rd Edition

0655169709, 978-0655169703

More Books

Students also viewed these Accounting questions