F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

Name: bloilF Write any ten transactions relating to the business1July on 20
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: bloilF Write any ten transactions relating to the business1July on 2020 (The Owner Put Cash in to the business OMR 3450010 July on 2020 (Bought Computer by Cash OMR 100}11 July on 2020 (Bought goods by cash OMR 1000)14 July on 2020 {Sold goods by ca

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Show how the following transactions for March 2024 will reflect in the ledger accounts of Mike Traders. i. Purchased trading inventory on cash for R120 000. ii. Bought stationary on credit R7 500. iii. Bought a computer for R19 200 cash.
1. Returned 20 widget product units (that were purchased on account) to the vendor who adjusted our bill 2. Sold 280 widget product units for $16 each for cash to Marsha Brady 15. 3. Sold 250 widget product units for $16 on account to Greg Brady. 4. Received $80 in advance from a customer who expects to purchase items from us in the near future . Register every transaction in the journal Entry.
Prepare a columns cash book from the following transcation for the year 31 december 2019.cash in hand Rs 18000 Received from ali and co Rs 1509 discount allowed Rs 60 Cash saled Rs 30000 Paid rashid sons Rs 1509 discount received Rs 40 Purchased goods for cahs Rs 900 Received from aslam Rs 7500 and discount allowed Rs 40 Purchased furniture for cash Rs 900
Net Income? Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor expenses Rent Insurance General expenses Premises Motor vehicles Account receivables Account payable Cash at bank Cash in hand Drawings Capital TOTAL Debit (RM) Credit (RM) 190,576 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 16,519 342 8,425 345.166 16,524 138,066 345.166
QUESTION FOUR The following information relate to Asaawa Enterprise for the month of October 2021. Transactions 1. started business with Cash at bank of 2. bought stationary by cheque GHc 45 3. bought goods on credit from Sams Ltd GHc 1200 sold goods for cash GHc 200 4. 5. paid insurance by cash GHc 42 6. bought machinery on credit from KK ltd GHc 600 7. paid for machinery expenses by cheque GHc 70 8. returned goods to Sams ltd GHc 120 9. paid wages by cash GHc 100 10. paid rent by cheque GHc 150 GHc 25,000 a) journalize the above transactions b) post to the ledger accounts c) prepare a trial balance
Use the following question to answer a question that follows. Lorato and Loago’s Trial Balance as at 31 December 2001 Dr Cr Capital accounts: Lorato 100000 Loago 50000 Current accounts: Lorato 200 Loago 600 Cash drawings for the year: Lorato 15000 Loago 10000 Freehold premises at cost 50000 Inventory at 1 January 2021 75000 Fixtures and Fittings at cost 15000 Purchases and purchase returns 380000 12000 Bank 31600 Sales and sales Returns 6000 508000 Accounts receivables and accounts payables 52400 33300 Carriage inwards 21500 Carriage outwards 3000 Staff salaries 42000 VAT 8700 Office expenses 7500 Provision for doubtful debts 2000 Advertising 5000 Discounts received 1000 Discounts Allowed 1200 Bad debts 1400 Rent and business rates 2800 Accumulated provision for depreciation offixtures and fittings 3000 720000 720000 At 31 December 2021:a. Inventory on hand was valued at P68, 000b.…
help me
QUESTION 1 Azfar Enterprise is a company that sells books and stationeries in Puncak Alam. The following are the business transactions during the month of May 2021. May 2021 1 2 9. 3 5 7 12 14 17 20 23 25 31 Details The owner brought cash RM50,000, own display shelves valued at RM10,000 and own computer valued RM 5,000 into the business. The owner opens a current bank account by putting RM 40,000 cash from the business into the account. Received an invoice for books and stationeries purchased worth RM7,000 from Ulu Pelita Enterprise. Made cash sales RM 15,000. Issued an invoice to Invoke Trading worth RM8,000 for books sold. Paid electricity amounted to RM300 by cheque. Received a debit note RM500 from Invoke Trading due to goods returned. Bought Office equipment from DSOP Sdn. Bhd for RM12,000. Half of the payment was made by cash. The other half will be paid next month. Pay RM 2,500 by cheque to Adverse Effect Ent. due to advertising cost. Paid RM 700 cash for books purchased from…
The following transactions took place in April 2020: 1. Mwale started his business with Cash 50,000 2. Purchased goods for cash 5,000 3. Purchased more goods for cash 10,000 4. Purchased goods from Mr Kuku on credit 15,000 5. Sold goods for cash 6,000 6. Sold more goods for Cash 12,000 7. Sold goods to Mr Phiri for 18,000 on account 8. Purchased goods on credit from Mr Kapalu 10,000 9. Purchased goods from Ms Chewe on credit 20,000 10. Sold goods for cash to Ms Mushiba 12,500 11. Sold goods to Mr Bbuku on account for 25,000 12. Mr Phiri returned goods worth 2,500 13. Returned goods to Ms Chewe 2,000 14. Received cash from Mr Phiri 9,900; allowed him discount 100 15. Paid Mr Kuku 7,880; discount allowed by him 120 16. Withdrew cash for personal use 1,000 17. Withdrew goods for private use (Cost ` 500, Selling Price ` 600) 18. Paid Salary to Mr Banda, an employee 500 19. Paid Rent for cash to Mr Limbani, landlord 500 Required: Demonstrate how the above transactions will affect the…
Question : 2021 Jan. 1 Rs.200,000 Amir started business with capital of 6. Goods purchased from Rehman on credit for Rs.70,000 9 Cash sales to Farooq Rs.10,000 13 Machinery purchased Rs.67,000 25 Rent to Waris Rs.1000 for building in which business 66 situated. а) Make analysis of above transaction with debit and credit? b) Record the above transaction in Journal chronologically? c) Prepare the T-accounts of Journal (Question 2) and draw the Trial Balances?
Question 2 Simone Gabby owns and operates Simone's Shoes, a small business that prepares reports on a monthly basis. The Cash Journals for August 2019 appear as follows. Cash Receipts Journal (summary) Disc. Accounts Date Details Rec. Bank Sales Sundries GST Еxp. Receivable 31/08 Totals 13 783 154 7 700 5 670 567 Cash Payments Journal (summary) Disc. Асcounts Date Details Chq. Bank Inventory Wages Sundries GST Rev. Payable 31/08 Totals 18 030 44 2 200 3 000 2 730 9 547 597 The items in the Sundries column include: Advertising $540 Drawings $5 000 Freight Inwards $440 Freight Outwards $190 GST Settlement $927 Interest Expense $150 Loan – ANZ Bank $500 Rent $1 800 a. Prepare the Net Cash Flow from Operations extract from the Cash Flow Statement for the month ending 31 August 2019. b. Explain how Simone’s Shoes’ Income Statement for the month ended 31 August 2019 reported a Net Profit yet the Cash Flow Statement reported a Net Decrease in Cash for the same period.