Q2. Journalize the following transaction in the book of Ghazi's and Sons co• Started business with cash Rs 50,000 & at bank 40000.Purchase machinery from Qasim & co Rs 12000Sold goods to qadir Rs 15000Sold goods for cash Rs 3000Bought office equipment for cash Rs 3300Withdrew cash for personal use 5000Received from cadir 15,000 Allow discount Rs 500.Paid salaries Rs 6000

Name: Q2. Journalize the following transaction in the book of Ghazi's and S
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Description: Q2. Journalize the following transaction in the book of Ghazi's and Sons co• Started business with cash Rs 50,000 & at bank 40000.Purchase machinery from Qasim & co Rs 12000Sold goods to qadir Rs 15000Sold goods for cash Rs 3000Bought office equipme

Every transaction effects two accounts in the double entry system. Journal entries is the first step…

Business

Accounting

Q2. Journalize the following transaction in the book of Ghazi's and Sons co. • Started business with cash Rs 50,000 & at bank 40000. Purchase machinery from Qasim & co Rs 12000 Sold goods to gedir Rs 15000 Sold goods for cash Rs 3000 Bought office equipment for cash Rs 3300 Withdrew cash for personal use 5000 Received from gadir 15,000 Allow discount Rs 500 Rs 6000

Q2. Journalize the following transaction in the book of Ghazi's and Sons co. • Started business with cash Rs 50,000 & at bank 40000. Purchase machinery from Qasim & co Rs 12000 Sold goods to gedir Rs 15000 Sold goods for cash Rs 3000 Bought office equipment for cash Rs 3300 Withdrew cash for personal use 5000 Received from gadir 15,000 Allow discount Rs 500 Rs 6000

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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