Question 3. a) Journalise the following transactions b) Prepare Ledger Accounts c) Prepare Trail Balance Started Business with Rs 200,000 Bought goods for cash Rs. 6,000 Purchased furniture 25,000 Sold good to ABC Brothers Rs. 1,500 Purchased goods form XYZ & Sons Rs. 4,000 Purchased furniture Rs. 12,000 Returned goods to XYZ & Sons Rs. 1,000 Sold goods to Kamal & Co Rs. 5,000 Goods returned by Kamal & Co 1,500 Wages paid Rs. 8,000 Salaries paid Rs. 12,000 March 1 March 1 March 2 March 4 March 5 March 6 March 8 March 15 March 20 March 28 March 30

Question 3. a) Journalise the following transactions b) Prepare Ledger Accounts c) Prepare Trail Balance Started Business with Rs 200,000 Bought goods for cash Rs. 6,000 Purchased furniture 25,000 Sold good to ABC Brothers Rs. 1,500 Purchased goods form XYZ & Sons Rs. 4,000 Purchased furniture Rs. 12,000 Returned goods to XYZ & Sons Rs. 1,000 Sold goods to Kamal & Co Rs. 5,000 Goods returned by Kamal & Co 1,500 Wages paid Rs. 8,000 Salaries paid Rs. 12,000 March 1 March 1 March 2 March 4 March 5 March 6 March 8 March 15 March 20 March 28 March 30

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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