Journalise the above transaction and post them into the ledger 8OOK*****is yourgivest gift影DGER: THE MAIN BOOK OF ACCOUNTS123PROBLEMSMr. Saced started his business with cash Rs. 65,000, and Building Rs. 120,000 on Ist January,2015.2 dow eHis transactions during the month were as follows:i balacqo2015000.05anomaittiboaboogJan. 2Purchased goods for cash Rs. 30,000.oml ot boug5Sold goods for cash Rs. 22,000.10Bought an iron safe for Rs. 4,00O.Journalise the above transactions and post them into the ledger.and prepare a trial balance: 學Inokgive會st giftGER: THE MAIN BOOK OF ACCOUNTS123PROBLEMSMr. Saeed started his business with cash Rs. 65,000, and Building Rs. 120,000 on Ist January,2015.000His transactions during the month were as follows: ina omi balleoqs2015000.02 ano2 oo mont tiboro aboog dguntlJan. 2Purchased goods for cash Rs. 30,000.i monil ot boog tcam bestT-lysoot supon l"5Sold goods for cash Rs. 22,000."10Bought an iron safe for Rs. 4,000.Journalise the above transactions and post them into the ledger.Record the following transactions in Journal and post them in ledger and prepare a trial balance:Rs.100,000

Capital introduced=Cash+building=Rs 65,000+Rs 120,000=Rs 185,000

Mr. Saced started his business with cash Rs. 65,000, and Building Rs. 120,000 on Ist January, 2015. His transactions during the month were as follows: 2015 000.0 an 1ouk ont tibo aboog Jan. 2 Purchased goods for cash Rs. 30,000. nml ot boug her 5 Sold goods for cash Rs. 22,000. *10 Bought an iron safe for Rs. 4,000. Journalise the above transactions and post them into the ledger. B Mar

Mr. Saced started his business with cash Rs. 65,000, and Building Rs. 120,000 on Ist January, 2015. His transactions during the month were as follows: 2015 000.0 an 1ouk ont tibo aboog Jan. 2 Purchased goods for cash Rs. 30,000. nml ot boug her 5 Sold goods for cash Rs. 22,000. *10 Bought an iron safe for Rs. 4,000. Journalise the above transactions and post them into the ledger. B Mar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Linda started the business of buying and selling toys in Oxford on the 1st of October 2020. Sheis preparing accounts to 31st October 2020. She contributed to the business with £8,000 inthe Bank, £5200 cash, and 3,000 Van. The transactions during the month are as follows:2/10 Bought a new Laptop £1000 from a local shop in Oxford and paid by cheque4/10 Purchased toys (goods) £2450 on credit from Toys Ltd5/10 Sold goods for £ 1500 and received the money in Bank12/10 Paid in Cash £80 for repairing laptop18/10 Goods returned to Toys Ltd £10021/10 Received rent for part of the premises by cheque £50023/10 Sold goods to Fred £1900; from this amount £1500 cash received immediately and therest remains on credit.23/10 Sold goods of £500 to David and received cash24/10 Bought a second-hand car from Oxford motor vehicle auction for business use byissuing a cheque £250026/10 Paid the month’s wages to the part-time shopkeeper by cheque £82030/10 Paid rent by cheque £100031/10 Linda has also paid…
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