Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. q3. enter the following transactions in a two colu

Q3. Enter the following transactions in a two columnar Cash book. (6 Marks) Date (2020)...

70.2K

Verified Solution

Question

Accounting

image
Q3. Enter the following transactions in a two columnar Cash book. (6 Marks) Date (2020) Jan 1 Jan 2 Jan 3 Jan 4 Jan 5 Particulars Started business with cash AED 20,000 Opened a bank account for business with AED 3000 Purchased goods for cash AED 2000 and on credit AED 3000 Sold goods for cash AED 4000 Cash received from Sohail for AED 1800 in full settlement of the claim for AED 2000 Paid to Bastian AED 1750 in full settlement of his claim for AED 1900 Bought Furniture on account from M/s Home Furniture for AED 3000 Paid electricity charges for AED 500 Paid Salaries AED 2000 Received Commission for AED 750 Jan 12 Jan 14 Jan 20 Jan 24 Jan 28

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