Q.1 The following transactions are for the Sun's Corporation, December, 2018. 1. 12 Jan. Sun's Corporation issued shares 100000 and value of one share is Rs. 56. 2. 14 Feb. Sun's Corporation purchased furniture 30000 for cash. 3. 17 Mar. Sold goods on credit for Rs. 90000. 4. 21 Apr. Account receivable collected for Rs 10000, made on 17 March. 5. 21 Apr Sun's Corporation purchased computer 30000 on account payable. 6. 23 Jun. Paid advertising expense for Rs. 9000. 7. 12 Sep. Paid salary for Rs. 17000 8. 30 Dec. Declared and paid dividend to shareholders 40000.
Q.1 The following transactions are for the Sun's Corporation, December, 2018. 1. 12 Jan. Sun's Corporation issued shares 100000 and value of one share is Rs. 56. 2. 14 Feb. Sun's Corporation purchased furniture 30000 for cash. 3. 17 Mar. Sold goods on credit for Rs. 90000. 4. 21 Apr. Account receivable collected for Rs 10000, made on 17 March. 5. 21 Apr Sun's Corporation purchased computer 30000 on account payable. 6. 23 Jun. Paid advertising expense for Rs. 9000. 7. 12 Sep. Paid salary for Rs. 17000 8. 30 Dec. Declared and paid dividend to shareholders 40000.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Q.1 The following transactions are for the Sun's Corporation, December, 2018.
1. 12 Jan. Sun's Corporation issued shares 100000 and value of one share is Rs. 56.
2. 14 Feb. Sun's Corporation purchased furniture 30000 for cash.
3. 17 Mar. Sold goods on credit for Rs. 90000.
4. 21 Apr. Account receivable collected for Rs 10000, made on 17 March.
5. 21 Apr Sun's Corporation purchased computer 30000 on account payable.
6. 23 Jun. Paid advertising expense for Rs. 9000.
7. 12 Sep. Paid salary for Rs. 17000
8. 30 Dec. Declared and paid dividend to shareholders 40000.
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