ashid returned goods worth £750 to Jones. The correct entry will be: Debit: ------------------ Credit: --------------
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ashid returned goods worth £750 to Jones. The correct entry will be:
Debit: ------------------ Credit: --------------
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- Rashid pays took goods worth £500 from the company. The entries in Rashid's accounts should be:1. Record the following transaction in the appropriate journal, ledger accounts andbalance off the accounts at 30 September 2020.Sept 3 Bought goods on credit for RM846 from Labu Enterprise6 Sold goods for cash of RM737 Bought motor vehicle by cheque for RM4,30011 Sold goods to Karas Sdn Bhd on credit for RM38013 Karas Sdn Bhd returned goods to Labu Enterprise worth RM14317 Returned goods to Labu Enterprise worth RM8320 Received cheque for RM60 from Karas Sdn Bhd on acount24 Bought office furniture by cheque for RM36527 Sent cheque to Labu Enterprise in settlement of account RM16029 Sold goods to Sakun Enterprise on credit fro RM4121. Record the following transaction in the appropriate journal, ledger accounts andbalance off the accounts at 30 September 2020.Sept 3 Bought goods on credit for RM846 from Labu Enterprise6 Sold goods for cash of RM737 Bought motor vehicle by cheque for RM4,30011 Sold goods to Karas Sdn Bhd on credit for RM38013 Karas Sdn Bhd returned goods to Labu Enterprise worth RM14317 Returned goods to Labu Enterprise worth RM8320 Received cheque for RM60 from Karas Sdn Bhd on acount24 Bought office furniture by cheque for RM36527 Sent cheque to Labu Enterprise in settlement of account29 Sold goods to Sakun Enterprise on credit fro RM412
- 1. Record the following transaction in the appropriate journal, ledger accounts andbalance off the accounts at 30 September 2020.Sept 3 Bought goods from Labu Enterprise6 Sold goods for cash of RM737 Bought motor vehicle by cheque for RM4,30011 Sold goods to Karas Sdn Bhd on credit for RM38013 Karas Sdn Bhd returned goods to Labu Enterprise worth RM14317 Returned goods to Labu Enterprise worth RM8320 Received cheque for RM60 from Karas Sdn Bhd on acount24 Bought office furniture by cheque for RM36527 Sent cheque to Labu Enterprise in settlement of account29 Sold goods to Sakun Enterprise on credit fro RM412Complete the columns to show the effect of the following transactions: Transaction Asset Liability Capital (a) Bought a motor Van on credit $500 (b) Repaid by cash a loan owed to P Smith $1,000 (c) Bought goods for $150 paying by cheque (d) The owner puts a further $5,000 cash into the business (e) A debtor returns to us $80 goods. we agree to make an allowance for them (f) Bought goods on credit $220 (g) The owner takes out $100 cash for his personal use.The company bought goods worth RO. 15000. For cash RO. 8000 and the balance on credit. Which of the following is the correct presentation on the accounting equation? Select one: a. Assets = Liabilities + Owners' Equity +15000 (stock of goods) -8000 (cash) = 7000 (payables ) + 0 b. Assets = Liabilities + Owners' Equity -8000 (cash) = +15000 (stock of goods) + -7000 (payables ) c. Assets = Liabilities + Owners' Equity +15000 (Stock of goods) = +7000 (Payables) + +8000 (Cash ) d. Assets = Liabilities + Owners' Equity +15000 (stock of goods) -8000 (cash) = 0 + 7000 (payables )
- choose the correct answer If the ending balance of accounts payable is ₱100,000 and the total debits and credits to that account during the period were ₱60,000 and ₱40,000, respectively, the beginning balance must be A. 0 B. 20,000 C. 80,000 D. 120,000' What is the normal balance of the purchase returns account? a. debit b. credit c. zero d. none of these A business sells goods on cash basis. This transaction is most likely recorded in which of the following special journals? a. Sales journal b. Purchases journal c. Cash receipts journal d. Cash disbursement journalThe company made a sale of goods for RO. 15000 (cost RO 10000) and received 30% in cash and balance on the account. Whích of the following is the correct presentation on the accounting equation?Kindly pass the Journal entries for the following transactions; (all the values are in AED) a. Hamad started the business with cash 50,000. b. Paid salary in Cash 5000. c. Sold goods to Khaled 3000 d. Received in full settlement 2800. e. Purchased goods from Abdalla 5000. f. Paid in full settlement 4700.
- Ram sold goods worth 1000. what will be accounting entrywner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000 Rent revenue received OMR 3500 by cheque . The correct entry--- Select one: a. CASH A/C DR RENT A/C CR b. BANK A/C DR RENT A/C CR c. RENT A/C DR CASH A/C CR d. RENT A/C DR BANK A/C CR If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500On January 1, 2021, Charlie purchased supplies for P20,000 and recorded a debit to Supplies and credit to Cash. On January 31, supplies on-hand amounted to P6,000. How much is the supplies expense?