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3.SL. Journalise the following transactions in the books of a trader: 1984 Rs: 1984 Rs. Dec. 1 Started business with Dec.22 Cash received from cash 50,000 M. Rauf in full settlement 7.600 Dec. 3 Goods purchased for cash 30.000 Dec. 3 Furniture purchased for cash of his account Dec.25 Cash paid to Zulfiqar and he allowed discount 1,900 5.000 100 Dec. 7 Sold goods for cash 10.000 Dec.28 Cash paid for purchase of stationery 250 Dec. 9 Sold goods to M. Rauf Dec. 12 Goods purchased from 8.000 Dec.31 Paid office rent 800 Zulfiqar 5.000 Dec.31 Goods returned to Dec. 16 Goods sold to Ali and Zulfiqar 500 allowed him 10 ". trade Dec.31 Paid salaries to staff 900 discount 6.000

3.SL. Journalise the following transactions in the books of a trader: 1984 Rs: 1984 Rs. Dec. 1 Started business with Dec.22 Cash received from cash 50,000 M. Rauf in full settlement 7.600 Dec. 3 Goods purchased for cash 30.000 Dec. 3 Furniture purchased for cash of his account Dec.25 Cash paid to Zulfiqar and he allowed discount 1,900 5.000 100 Dec. 7 Sold goods for cash 10.000 Dec.28 Cash paid for purchase of stationery 250 Dec. 9 Sold goods to M. Rauf Dec. 12 Goods purchased from 8.000 Dec.31 Paid office rent 800 Zulfiqar 5.000 Dec.31 Goods returned to Dec. 16 Goods sold to Ali and Zulfiqar 500 allowed him 10 ". trade Dec.31 Paid salaries to staff 900 discount 6.000

FINANCIAL ACCOUNTING
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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3.SL. Journalise the following transactions in the books of a trader: 1984 Rs: 1984 Rs. Dec. 1 Started business with Dec.22 Cash received from cash 50,000 M. Rauf in full settlement 7.600 Dec. 3 Goods purchased for cash 30.000 Dec. 3 Furniture purchased for cash of his account Dec.25 Cash paid to Zulfiqar and he allowed discount 1,900 5.000 100 Dec. 7 Sold goods for cash 10.000 Dec.28 Cash paid for purchase of stationery 250 Dec. 9 Sold goods to M. Rauf Dec. 12 Goods purchased from 8.000 Dec.31 Paid office rent 800 Zulfiqar 5.000 Dec.31 Goods returned to Dec. 16 Goods sold to Ali and Zulfiqar 500 allowed him 10 ". trade Dec.31 Paid salaries to staff 900 discount 6.000
Transcribed Image Text:3.SL. Journalise the following transactions in the books of a trader: 1984 Rs: 1984 Rs. Dec. 1 Started business with Dec.22 Cash received from cash 50,000 M. Rauf in full settlement 7.600 Dec. 3 Goods purchased for cash 30.000 Dec. 3 Furniture purchased for cash of his account Dec.25 Cash paid to Zulfiqar and he allowed discount 1,900 5.000 100 Dec. 7 Sold goods for cash 10.000 Dec.28 Cash paid for purchase of stationery 250 Dec. 9 Sold goods to M. Rauf Dec. 12 Goods purchased from 8.000 Dec.31 Paid office rent 800 Zulfiqar 5.000 Dec.31 Goods returned to Dec. 16 Goods sold to Ali and Zulfiqar 500 allowed him 10 ". trade Dec.31 Paid salaries to staff 900 discount 6.000
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