Question No 1 (10) Enter the following transaction in the ledger of MR Alpha Required: you are required to extract a trial balance as on 31 JANUARY 2003 JAN 2003 AMOUNT RS AMOUNT RS1 JAN 2003 Started business with cash 6000 4 Bought good for resale 5007 Bought stationery 50 10 Bought goods for resale 75012 Paid wages 100 15 Sold good for cash 35016 Sold good for cash 300 17 Paid electricity bill 7019 Sold goods for cash 350 20 Bough stationery 8021 Paid wages 100 23 Bought goods for resale 20024 Sold goods for cash 600 25 Paid postage 8026 Paid for advertisement 30 31 Sold goods for cash 70031 Paid wages 150

Name: Question No 1 (10) Enter the following transaction in the ledger of M
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Description: Question No 1 (10) Enter the following transaction in the ledger of MR Alpha Required: you are required to extract a trial balance as on 31 JANUARY 2003 JAN 2003 AMOUNT RS AMOUNT RS1 JAN 2003 Started business with cash 6000 4 Bought good for resale

Trial Balance is a statement that summarizes the closing balances of all the ledger accounts at the…

Answered: Question No 1 (10) Enter the following…

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 No 1 (10) Enter the following transaction in the ledger of MR Alpha

Required: you are required to extract a trial balance as on 31 JANUARY 2003

JAN 2003	AMOUNT RS		AMOUNT RS
1 JAN 2003	Started business with cash	6000	4	Bought good for resale	500
7	Bought stationery	50	10	Bought goods for resale	750
12	Paid wages	100	15	Sold good for cash	350
16	Sold good for cash	300	17	Paid electricity bill	70
19	Sold goods for cash	350	20	Bough stationery	80
21	Paid wages	100	23	Bought goods for resale	200
24	Sold goods for cash	600	25	Paid postage	80
26	Paid for advertisement	30	31	Sold goods for cash	700
31	Paid wages	150

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