Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. q1. you are required to pass the journal entries f

Q1. You are required to pass the journal entries for the following transactions. ...

60.1K

Verified Solution

Question

Accounting

Q1. You are required to pass the journal entries for the following transactions.
Sold goods to Ms. AVN Entreprises worth Rs.30,000
Purchase goods worth Rs.50.000 from Ravi and paid cash.
Paid advance to Mr. Avi Rs.20,000.
Purchased a computer for Rs.50.000 and paid through the bank.
Employee welfare expenses of the proprietor were R$.20,000
Interest paid on a term loan of Rs.10,000
Outstanding Rent paid through the bank Rs.20,000
Commission paid to Ms. Jason Rs.20.000
Charge depreciation at 15% on plant and machinery having a book value of Rs.100000
Goods withdrawn for personal use by the proprietor: Rs.20,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

738 use credit cards randomly select lo use the binomial pdf func that to find...

Biology
1.2K views

• Understand the possible outcomes of helminth infections • Be able to compare different infections caused by...

Medical Sciences
1.2K views

Explain the following process (150words each) (5marks each) A) sensitisation of a D negative mother to...

Electrical Engineering
1.2K views

Write a program to remove an element from an array at the given position k and...

Advance Math
1.2K views

determine the orthogonal bases for subspace of C^3 spanned by the given set of vectors. make...

Calculus
1.2K views

2 Evaluate cos 8 B where sine with in the second quadrant and tan with...

Accounting
1.2K views

ot chapicr urnalizing closing and preparing a post-closing trial...

Accounting
1.2K views

Georgetown purchased supplies on August 8, 20X2, for $4,000. At the fiscal year-end on September...

Accounting
1.2K views

At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,4...

Accounting
1.2K views

so lost lol i need help with this

Accounting
1.2K views

Problem 18-32 (Algorithmic) (LO. 1, 2) Mara and Bob form Robin Corporation. Mara transfers property...

Accounting
1.2K views

Current Attempt in Progress Matthew Young and Associates, a CPA firm, uses job-order costing to...