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write general entries of the following 1. Razi established a business on 16th september 2020. during the remaining period of the month he completed the
write general entries of the following
1. Razi established a business on 16th september 2020. during the remaining period of the month he completed the following transcation: 16. Razi transferred from his persoanl bank account to busniess bank account Rs. 240,000 16. purchase goods from Aziz Rs. 80000 17. purchased a computer from Bilal computers on account Rs. 20000. Term 2/10, n/30. 18. paid rent for the shop for the period of Sep. 16 to Sep 30 Rs. 900. 19. sold goods on cash Rs. 10000. 20. Sold goods to Abdul Rs. 20000. Term 3/10, n/45. 20. Paid printing charges Rs. 1000. 20. Return of goods by Abdul Rs. 500. 21. Paid Aziz on account, Rs. 40000 by cheque. 21. Paid cash to Bilal computers in full settlement of their account. 22. Received cheque from Abdul in full settlment. 23. paid motor cycle running expense Rs. 2000. 25. paid sales commision @2% to Aslam, a sales person. Total sales by him Rs. 56000. 27. Paid miscellaneous office expenses Rs. 1200 cash. 30. Received cheque of Abdul from Bank marked NSFStep by Step Solution
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