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Q1. Journalize the following transaction and prepare Cash Ledger only.   1. Started business with OMR 45,000 2. Purchase goods from Mr. Ahmed OMR 9,000 3. Bought machine for OMR 7,000 4. Paid rent OMR 5000 5. Sold goods on credit to Mr. Yusuf for OMR 12,000 6. Received interest OMR 11000 7. Sold goods for OMR 20000 8. Purchase goods for OMR 4000 and paid 50% cash. 9. Withdrawn 10 % of capital from the business for personal use. 10. Deposited OMR 2,000 in the bank. 11. Sold car for OMR 6000 12. Withdrawn money from bank OMR 1,000

Q1. Journalize the following transaction and prepare Cash Ledger only.   1. Started business with OMR 45,000 2. Purchase goods from Mr. Ahmed OMR 9,000 3. Bought machine for OMR 7,000 4. Paid rent OMR 5000 5. Sold goods on credit to Mr. Yusuf for OMR 12,000 6. Received interest OMR 11000 7. Sold goods for OMR 20000 8. Purchase goods for OMR 4000 and paid 50% cash. 9. Withdrawn 10 % of capital from the business for personal use. 10. Deposited OMR 2,000 in the bank. 11. Sold car for OMR 6000 12. Withdrawn money from bank OMR 1,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4EB: For each of the following transactions, state which special journal (Sales Journal, Cash Receipts...
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Q1. Journalize the following transaction and prepare Cash Ledger only.

 

1. Started business with OMR 45,000
2. Purchase goods from Mr. Ahmed OMR 9,000
3. Bought machine for OMR 7,000
4. Paid rent OMR 5000
5. Sold goods on credit to Mr. Yusuf for OMR 12,000
6. Received interest OMR 11000
7. Sold goods for OMR 20000
8. Purchase goods for OMR 4000 and paid 50% cash.
9. Withdrawn 10 % of capital from the business for personal use.
10. Deposited OMR 2,000 in the bank.
11. Sold car for OMR 6000
12. Withdrawn money from bank OMR 1,000
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