User Account

All Pages

Enter the transactions in journal into the ledger

Assignment Help Financial Accounting
Reference no: EM132599538

Question 1: Enter the following transactions in journal and post them into the ledger and then post them into Trail Balance.

Jan.

i. Mr. Anwar started business with cash Rs 40,000 and furniture Rs. 10,000.

ii. Purchased goods on credit (on account) worth Rs. 15,000 from Ahsan.

iii. Sold goods for cash Rs. 8,000.

iv. Sold goods on credit to Shakeel Rs. 5,000.

v. Cash received from Shakeel Rs. 4,9000 in full settlement of his account.

Reference no: EM132599538

Questions Cloud

Calculate the current ratio for the business : You have beginning inventory of $40,000, Ending inventory of $20,000 and Cost of (Goods) sold of $100,000. How much Purchases did you made?
Define dual aspect concept : What is the difference between current assets and fixed assets. What is meant by Narration ,explain with example. Define Dual aspect concept.
Describes the type of disaster : The research proposal includes a title page and introduction that describes the type of disaster
Analyzing the legislative consequences of health care : Analyzing the "legislative consequences" of health care reform related to the 2010 Congressional and Senatorial Elections results
Enter the transactions in journal into the ledger : Enter the transactions in journal and post them into the ledger and then post them into Trail Balance. Sold goods on credit to Shakeel Rs. 5,000.
Create comprehensive strategic plan : Create a comprehensive strategic plan that reflects your research from the textbooks and course materials.
Prepare machinery account for the first four year : Prepare Machinery account for the first four year under diminishing Balance Method ,Assuming that accounting year end as 31st December every year
Explore the snapshot content : What component of consumption do we spend a much greater percentage in 2011 compared to in 1967? Why?
ELEC 20002 Industrial Electronics Assignment : ELEC 20002 Industrial Electronics Assignment Help and Solution, Middle East College - Assessment Writing Service - Identify and analyze industrial electronic

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd