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Following Also prepare tvial balance with balancing method. are the transactions of M/S. Alam & Co. You ave requived to prepare journal and ledger acount.

Following Also prepare tvial balance with balancing method. are the transactions of M/S. Alam & Co. You ave requived to prepare journal and ledger acount.

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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Question:- Following are the transachons of M/S. Alam 8 Co. You ave requived to prepare journal and ledger account Also prepare rial balance with balancing method. Started business by investing Rs. SO 00. Purchased furniture for Rs. So00; from X, paying Rs. 2000 at spot, and balance to be paid after a month. Jan I Jan 2 Jan 3 Purchased goods Rs. 10000, subject to 107. trade discount Jan 4 Deposited Rs. So00 into bank. Jan 5 Sold merchandise for Rs. IS00, recieved cash Rs 1000 , cheque Rs. Soo Jan 6 Purchased Çoods on dedit Rs. SO00 from Zafar Jan 7 Deposited dheque recieved on Sth Jon. Jan 10 Sold goods for Rs. 1000 Jan 1a Paid tiansporting expenses by issuing a cheque for Rs. 1000 Jan 13 Proprietor withdrew Rs. So0 for private use. Jan IS Cash sales lincuding a cheque for Rs. S00 , which was deposited into bank) Rs. 2000
Transcribed Image Text:Question:- Following are the transachons of M/S. Alam 8 Co. You ave requived to prepare journal and ledger account Also prepare rial balance with balancing method. Started business by investing Rs. SO 00. Purchased furniture for Rs. So00; from X, paying Rs. 2000 at spot, and balance to be paid after a month. Jan I Jan 2 Jan 3 Purchased goods Rs. 10000, subject to 107. trade discount Jan 4 Deposited Rs. So00 into bank. Jan 5 Sold merchandise for Rs. IS00, recieved cash Rs 1000 , cheque Rs. Soo Jan 6 Purchased Çoods on dedit Rs. SO00 from Zafar Jan 7 Deposited dheque recieved on Sth Jon. Jan 10 Sold goods for Rs. 1000 Jan 1a Paid tiansporting expenses by issuing a cheque for Rs. 1000 Jan 13 Proprietor withdrew Rs. So0 for private use. Jan IS Cash sales lincuding a cheque for Rs. S00 , which was deposited into bank) Rs. 2000
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