Prepare general journal and ledger and trail balance

Assignment Help Financial Accounting

Reference no: EM132713957

Problem 1: Prepare General Journal, Ledger and Trail balance from data given below

On April 01, 1st January, 2017, Saeed Ahmad started business other transactions for the month of June as follows:

02. Purchased from Kareem goods of list price of Rs. 6,000 subject to 10% trade discount by cash.

04. Sold goods to Din Muhammad Rs. 800 and cash sales of Rs. 200.

10. Distributed goods worth Rs. 200 as free samples and goods taken away by the proprietor for personal use Rs. 100.

12. Received discount Rs 20 and Commission Rs 500.

17. Goods returned by Din Muhammad Rs. 200 and payment other outstanding amount.

24. Furniture lost by fire of worth Rs. 500. 30. Bad Debts during the period was Rs.100.

Reference no: EM132713957

Questions Cloud

Prepare Current assets section of Diesel balance sheet : Partial balance sheet data for Diesel Additives Company at August 31 are as follows: Prepare Current assets section of Diesel balance sheet

According to the merriam-webster dictionary : According to the Merriam-Webster dictionary, an invention is defined as something invented as a product of the imagination such as a device, contrivance,

Carolinas healthcare system case study : How does big data analytics can add value to a hospital system that is changing its strategy in response to the Affordable Act?

The natural evolution for technology : The natural evolution for technology is that it becomes obsolete or not as effective overtime compared to its initial introduction.

Prepare general journal and ledger and trail balance : Purchased from Kareem goods of list price of Rs. 6,000 subject to 10% trade discount by cash. Prepare General Journal, Ledger and Trail balance

Barriers to achieving generative relationships : Based upon the application of the generative relationships that you developed using the STAR model reflect upon the potential barriers

Prepare January income statement for Sorensen Manufacturing : Transferred $760,000 of work in process to finished goods. Prepare the January income statement for Sorensen Manufacturing Company

What is the value of the holding in minimoon : What is the value of the holding in MiniMoon? TeleNovela Inc. currently has a net income of 1700 million Colombian Pesos (COP).

What is the average time spent in the system : a. What is the average time spent waiting in the queue? What is the average time spent in the system?

User Account

All Pages