Enter the following transactions in journal and post them into the ledger and then post them into Trail Balance. Jan. i. Mr. Anwar started business with cash Rs 40,000 and furniture Rs. 10,000. Purchased goods on credit (on account) worth Rs. 15,000 from Ahsan. iii. Sold goods for cash Rs. 8,000. Sold goods on credit to Shakeel Rs. 5,000. Cash received from Shakeel Rs. 4,9000 in full settlement of his account.
Enter the following transactions in journal and post them into the ledger and then post them into Trail Balance. Jan. i. Mr. Anwar started business with cash Rs 40,000 and furniture Rs. 10,000. Purchased goods on credit (on account) worth Rs. 15,000 from Ahsan. iii. Sold goods for cash Rs. 8,000. Sold goods on credit to Shakeel Rs. 5,000. Cash received from Shakeel Rs. 4,9000 in full settlement of his account.
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 19EA: A business has the following transactions: The business is started by receiving cash from an...
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Enter the following transactions in journal and post them into the ledger and then post them into Trail Balance.
Jan. i. Mr. Anwar started business with cash Rs 40,000 and furniture Rs. 10,000.
- Purchased goods on credit (on account) worth Rs. 15,000 from Ahsan.
iii. Sold goods for cash Rs. 8,000.
- Sold goods on credit to Shakeel Rs. 5,000.
- Cash received from Shakeel Rs. 4,9000 in full settlement of his account.
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