Journal Entries - On April 01, 2016 Anees started business with Rs. 100,000
Question # 00788246
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Updated on: 12/29/2020 07:00 AM Due on: 12/29/2020
Journal Entries
On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are:
2. Purchase Furniture for Cash Rs. 7,000.
8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store.
14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000.
18. Owner withdrew of worth Rs. 2,000 for personal use.
22. Paid Khalid Retail Store Rs. 500.
26. Received Rs. 10,000 from Khan Brothers.
30. Paid Salaries Expense Rs. 2,000
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/5
Solution: Journal Entries - On April 01, 2016 Anees started business with Rs. 100,000