Proper Both General Journal and General Ledger from the Transaction Given1- Accounting period: are the jobs defined by law for a year starting fromandendingOnof each year, as the basis for calculation, the . or profit achieved by theproject.2. On 1/1 the merchant started his business with a capital of (100,000) deposited in the bank.3- 1\1 The merchant started his business with a capital of (10,000), which 2000 was cash andthe rest was opened for the bank account,4. On 1/1 the trader started his business with the following assets:1,000 cash, 20,000 cars, 4,000goods, 5,000 furniture, and 3,000 debtors (Ghassan).5- On 6/20 the trader started his business with the following assets and liabilities: 1600 cash,2900 goods, 600 furniture, 4000 building, 800 Hassan (debtor), 2,500 Saleh (creditor), 400Mizzen (creditor).6. A home furniture dealer bought 200,000 dinars in cash.7- A furniture dealer bought for an amount of (200,000) dinars from Al-Amal Company, and hepaid half the price is in cash and the rest is on the account.إضافة ملفQ18 A merchandise dealer bought an amount of (5,000) dinars in cash.9- A merchandise dealer bought an amount of (5000) dinars on an account.10- A merchandise dealer bought for (9000) dinars and paid half the price in cash and the restat the expense of.11- The dealer paid the transportation expenses of purchases an amount of 1500 dinars in cash.12-A merchandise dealer sold for (1000) dinars in cash.13-A merchant sold a merchandise to Walid for a sum of (1000) dinars, received 500 cash andthe rest on the account.14-A dealer paid an amount of 2,500 dinars in cash advertising.15-A merchant bought a merchandise for 50,000 and paid for it with a check.16-A furniture dealer bought an amount of (75,000) dinars by check.17-A merchant paid an amount (100,000) of rent for a store by check.18- A merchant drew $ 50,000 for personal use by check.19- Merchant Nabil opened a current account in the bank and deposited 15,000 dinars into itcash Money.20- Merchant Nabil sold goods for 18,000 dinars, with a check added to his account Ongoing.

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Description: Proper Both General Journal and General Ledger from the Transaction Given1- Accounting period: are the jobs defined by law for a year starting fromandendingOnof each year, as the basis for calculation, the . or profit achieved by theproject.2. On 1/

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2 On 1/1 the merchant started his business with a capital of (100,000) deposited in the bank. 3- 1\1 The merchant started his business with a capital of (10,000), which 2000 was cash and the rest was opened for the bank account. 4. On 1/1 the trader started his business with the following assets:1,000 cash, 20,000cars, 4,000 goods, 5.000 furniture, and 3.000 debtors (Ghassan).

2 On 1/1 the merchant started his business with a capital of (100,000) deposited in the bank. 3- 1\1 The merchant started his business with a capital of (10,000), which 2000 was cash and the rest was opened for the bank account. 4. On 1/1 the trader started his business with the following assets:1,000 cash, 20,000cars, 4,000 goods, 5.000 furniture, and 3.000 debtors (Ghassan).

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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The business started with a capital of 100,000 dinars in cash. Which account is ?credited Bank O Cash O Assets O Capital O
(1X 10) (10) 1.2 Analyse the following transactions of Lowveld Traders. Assume the bank balance is favourable. Example: The owner increases his capital contribution by R5 000 by depositing money into the bank account. Account debited Bank No. Source document Account credited A OE L. e.g. Duplicate receipt Capital +5000 +5 000 Transactions: 1.2.1 Receive R10 560 from Money Bank, it was for a fixed deposit of R10 000 and interest. (7) 1.2.2 Credit card sales for the week amounts to R25 000. Mark-up on cost is 25%. (10) 1.2.3 Goods returned by a debtor, R1 000, cost price R700, (9) 1.2.4 Receive R580 from a debtor in settlement of his account of R600, (8) 1.3 The debtor's clerk of Lowveld Traders has limited knowledge and training in Accounting. As a result, he is making errors on the documents being issued and the recording in the books of the business. Give THREE suggestions to try to solve the problem. Give THREE suitable reasons for your recommendations. 50 Copyright reserved Please…
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Enter the following transactions in the accounts of L Linda: 20X7July == == == == == == == == == == == == == == == == == == == == == 1 Started in business with £20,000 in the bank.2 R Hughes lent us £5,000 in cash.3 Bought goods on credit from B Brown £1,530 and I Jess £4,162.4 Sold goods for cash £1,910.6 Took £200 of the cash and paid it into the bank.8 Sold goods on credit to H Rise £1,374.10 Sold goods on credit to P Taylor £341.11 Bought goods on credit from B Brown £488.12 H Rise returned goods to us £65.14 Sold goods on credit to G Pate £535 and R Sim £262.15 We returned goods to B Brown £94.17 Bought van on credit from Aberdeen Cars Ltd £4,370.18 Bought office furniture on credit from J Winter Ltd £1,800.19 We returned goods to I Jess £130.20 Bought goods for cash £390.24 Goods sold for cash £110.25 Paid money owing to B Brown by cheque £1,924.26 Goods returned to us by G Pate £34.27 Returned some of office furniture costing £180 to J Winter Ltd.28 L Linda put a further…
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