Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 9.00

books of Mr. Vas.

Journalise the following transactions in the books of Mr. Vas.

  1. Vas started his business with cash Rs 1,00,000.
  2. Purchased goods from Star and Co for cash Rs 20,000.
  3. Bought office furniture for cash Rs 7,500.
  4. Bought from Kumar, goods on credit for Rs 30,000.
  5. goods to Ravi for Rs 5,000 against a cheque.
  6. Purchased machinery from Biswas and Co. for Rs 1,00,000 out of which Rs 40,000 was paid by cheque.
  7. Paid office rent Rs 6,000.
  8. Received from Shekar Rs 4,850 in full settlement of his account for Rs 5,000.
  9. Salary to a salesman paid by cheque Rs 9,000.
  10. Received as commission Rs 350.
  11. Withdrawn cash from bank Rs 6,000 for personal use.
  12. Cash deposited into Bank Rs 10,000.
  13. Received on sale of investments Rs 37,000.
  14. Bank paid directly insurance premium Rs 1,100 for Vas.
  15. Paid Rs 300 for repair to furniture.
  16. Wages paid for erection of machinery Rs 600.
  17. Purchase of a computer on credit from Aditya and Co for Rs 40,000.
  18. Issued a cheque in favour of Aditya and Co for the purchase of a computer.
  19. Paid rent by cheque Rs 2,900.
  20. Paid electricity bill Rs 700 for the month.
  21. Paid for stationery Rs 250.
  22. Bank collected interest on our investments Rs 1,200.
  23. Bought shares in XY Ltd. for Rs 20,000.
  24. Received Rs 15,000 from Devi by cheque.
  25. Paid Devi’s cheque into Bank for Rs 15,000.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 11:09 PM My Price 9.00

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