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Prepare He îading and prafil and los ACcount 7or he Balance sheel aš at He date year. ended du 31, 1998 anda

Prepare He îading and prafil and los ACcount 7or he Balance sheel aš at He date year. ended du 31, 1998 anda

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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Illu:15 31lu:15 My Ahamad started business on JanuaryL.1936 with a capilal q Rs loco0 He took a loan Jram his wife a Rs 3,500 which he invested in planand machinery. He Kopt his books an and Hu 7ollaing are Hu Heceipts and amount fo7 he yean ended dec B, 1998 aingle entry payment Receipts To balance bld Paymeet By Salaries 15.000 200 relalid to 1997 1,000 By wages Creditors 500 1,000 debtors. cash sales 1800 6500 fice oxpenses drawings 1 Ns urane [paid up to Apirl 199 500 1200 400 12 Balancec/d 16,500 16500 Opeming dilers Mr. Ahamads deblors on jamiary , 1998 were RS 4000 and 'creditors RS 3000. is stock was valued at RS 300 as discound rom creditors duıng the year and allowed Rs 500 as discaunet to debtors Openmo RS 8,500 on Hee date he received The 7ollowing balane were als0. Lextracteel Brom hus book on delome431,1998 debtors Rs 4,500 Creditors RS 5.000 wife's toan is still unpaid Prepare He f ading and prafit and los. Account 70r Balance sheed aš at the date nesing! Stock RS9200 the ended deu 31, 1998 anda year
Transcribed Image Text:Illu:15 31lu:15 My Ahamad started business on JanuaryL.1936 with a capilal q Rs loco0 He took a loan Jram his wife a Rs 3,500 which he invested in planand machinery. He Kopt his books an and Hu 7ollaing are Hu Heceipts and amount fo7 he yean ended dec B, 1998 aingle entry payment Receipts To balance bld Paymeet By Salaries 15.000 200 relalid to 1997 1,000 By wages Creditors 500 1,000 debtors. cash sales 1800 6500 fice oxpenses drawings 1 Ns urane [paid up to Apirl 199 500 1200 400 12 Balancec/d 16,500 16500 Opeming dilers Mr. Ahamads deblors on jamiary , 1998 were RS 4000 and 'creditors RS 3000. is stock was valued at RS 300 as discound rom creditors duıng the year and allowed Rs 500 as discaunet to debtors Openmo RS 8,500 on Hee date he received The 7ollowing balane were als0. Lextracteel Brom hus book on delome431,1998 debtors Rs 4,500 Creditors RS 5.000 wife's toan is still unpaid Prepare He f ading and prafit and los. Account 70r Balance sheed aš at the date nesing! Stock RS9200 the ended deu 31, 1998 anda year
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