Wednesday, November 23, 2011

Transactions(eg) :-

Journalize the following transactions of ABC Ltd:-

1. Ram started business with cash Rs. 250000
2. Brought furniture for Rs. 21000
3. Purchased goods from KP traders, Rs. 28500
4. Cash sales Rs. 35000
5. Sold goods on credit to Manoharan Rs.25000
6. Paid for office stationary Rs. 250
7. Cash received from Manoharan Rs. 10000
8. Interest on investment received RS. 1500
9. Paid rend RS. 5500
10. Paid salary Rs. 3000

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