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Assignment No. 02

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30 views

Assignment No. 02

Uploaded by

mehnazahmad721
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Introduction to Book keeping and Accounting

Assignment No. 02 (General Journal)


Q.1 2022 Journalize the following transactions.
August 01 Saad started business with cash Rs. 50000
05 Purchased goods for cash Rs. 10000
09 Sold goods for Cash Rs. 12000
15 Paid rent Rs. 3000
25 Received interest Rs. 1000

Q.2 2022 Journalize the following transactions.


May 01 Commenced business with cash Rs. 250000
03 Goods purchased from Tanveer on credit Rs. 10000
08 Purchased typewriter from Muzzammil Rs. 10000
15 Cash sale to Rahim Rs. 6000
20 Paid Salary to clerk Rs. 3000

Q.3 2022 Journalize the following transactions.


Aug 01 Introduced cash Rs. 148000 and building Rs. 200000 as capital
03 Purchased goods on account from Noor Mills limited Rs. 4500
08 Sold goods to Mobeen & Co. for Rs. 1500
15 Goods returned by Mobeen & co for Rs. 135
20 Paid insurance premium Rs. 330

Q.4 2015 Journalize the following transactions.


Jan 01 Wasim started business with cash Rs. 400000
04 Purchased goods for cash Rs.100000
10 Purchased motor vehicle from Saleem Auto Rs. 150000
15 Sold goods to Habib at list price less trade discount 5% Rs.50000
22 Paid travelling expenses Rs. 1000

Q.5 2015 Journalize the following transactions.


July 01 Umar started business with a capital of Rs. 74000
02 Purchased goods for Rs. 14000 on credit from Amjad
10 Sold goods to Aslam for Rs. 9000
14 Cash given to Amjad Rs. 13800 and received discount Rs. 200
19 Received cash from Aslam Rs. 8800 in full settlement of account

Q.6 2015 Journalize the following transactions.


Oct 01 Started Business with a capital Rs. 300000
05 Purchased goods on credit from Naveed Rs. 30000
10 Goods returned to Naveed Rs. 1000
15 Withdrew cash for the payment of tuition fee of owner’s children Rs. 1000
20 Building purchased for cash Rs. 120000

Q.7 2021 Journalize the following transactions.


March 01 Javeria commenced business with cash Rs. 250000
05 Goods purchased from Moneeb Rs. 40000
09 Withdrew goods from business form personal use Rs. 1500
14 Purchased machinery Rs. 50000
29 Charged depreciation on machinery Rs. 1000
Q.8 2014 Journalize the following transactions.
Dec 01 Qaiser started business with cash Rs. 200000
05 Goods purchased from ansar Rs. 100000
10 Goods destroyed in accident Rs. 120000
15 Goods given away as charity Rs. 5000
20 Cash given away as charity Rs. 1000

Q.9 2015 Journalize the following transactions.


May 01 Started business with cash Rs. 600000
02 Deposited cash into bank Rs. 400000
11 Bought goods by cheque Rs. 150000
15 Commission paid by cheque Rs. 500
20 Interest received on bank deposit Rs. 250

Q.10 Journalize the following transactions.


2015
Aug 01 Azhar started business with cash Rs. 50000
02 Purchased goods for cash Rs. 10000 and credit for Rs. 5000 from Ali
07 Purchased furniture for cash Rs. 4000
09 Sold goods for cash Rs. 12000 and on account Rs. 6000 to Aslam
15 Ali’s account settled receiving 200 as discount
25 Aslam account settled allowing Rs. 200 as discount

Q.11 Journalize the following transactions.


2015
July 01 Hamza started business with a capital of Rs. 74000 of which Rs. 34000 was paid into bank
02 Purchased goods for cash Rs. 14000 and Rs. 14000 on credit from Amjad
04 Purchased office typewriter for Rs. 11000 form Malik
06 Sold goods for cash Rs. 4000 of which Rs. 1000 was paid into bank
10 Sold goods to Aslam for cash Rs. 4000 and to Alam Rs.9000
14 Cheque given to Amjad Rs. 13800 and received discount Rs. 200
17 Amount withdrawn form bank for personal use Rs. 1500 and for business use Rs. 3000
19 Received a cheque from Alam Rs. 8800 in full settlement of account
30 Purchased stationery for office Rs. 1600
31 Paid rent Rs. 1200 salaries Rs. 3400 by cheque

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