Post the following Transactions into General Journal. On November 01, 2019 Ali Raza started Motor business with Rs. 500,000. On November 03, 2019 Purchase Furniture for Cash Rs. 10,000. On November 08, 2019 Purchase Land on account worth of Rs. 200,000. On November 13, 2019 sold motors on account for Rs. 100,000. On November 23, 2019 Owner withdrew Rs. 20,000 for personal use

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...
icon
Related questions
Topic Video
Question

Post the following Transactions into General Journal.

  1. On November 01, 2019 Ali Raza started Motor business with Rs. 500,000.
  2. On November 03, 2019 Purchase Furniture for Cash Rs. 10,000.
  3. On November 08, 2019 Purchase Land on account worth of Rs. 200,000.
  4. On November 13, 2019 sold motors on account for Rs. 100,000.
  5. On November 23, 2019 Owner withdrew Rs. 20,000 for personal use.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning