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    Metro Radio Shop Journal

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    ankursharma29
    This document contains accounting transactions recorded over multiple dates. It records cash sales of goods totaling $1000, inventory purchases of $500, insurance paid of $120, creditors paid of $600, salary of $150 and rent of $120 paid in cash. It also records cash received of $300 against a sales invoice, with $20 allowed as a discount. Finally it records a withdrawal of $45 cash for personal use. The total debits and credits are both $2835.

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    Metro Radio Shop Journal

    Uploaded by

    ankursharma29
    8 views2 pages
    This document contains accounting transactions recorded over multiple dates. It records cash sales of goods totaling $1000, inventory purchases of $500, insurance paid of $120, creditors paid of $600, salary of $150 and rent of $120 paid in cash. It also records cash received of $300 against a sales invoice, with $20 allowed as a discount. Finally it records a withdrawal of $45 cash for personal use. The total debits and credits are both $2835.

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    This document contains accounting transactions recorded over multiple dates. It records cash sales of goods totaling $1000, inventory purchases of $500, insurance paid of $120, creditors paid of $600, salary of $150 and rent of $120 paid in cash. It also records cash received of $300 against a sales invoice, with $20 allowed as a discount. Finally it records a withdrawal of $45 cash for personal use. The total debits and credits are both $2835.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    8 views2 pages

    Metro Radio Shop Journal

    Uploaded by

    ankursharma29
    This document contains accounting transactions recorded over multiple dates. It records cash sales of goods totaling $1000, inventory purchases of $500, insurance paid of $120, creditors paid of $600, salary of $150 and rent of $120 paid in cash. It also records cash received of $300 against a sales invoice, with $20 allowed as a discount. Finally it records a withdrawal of $45 cash for personal use. The total debits and credits are both $2835.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 2

    Date Particulars L.F Dr. Cr.

    xxx Cash A/c Dr. - 700


    To Sales A/c 700
    (Being goods sold)

    xxx Cash A/c Dr. 300


    To Sales A/c 300
    (Being goods Sold)

    xxx Purchase A/c Dr. 500


    To Sales A/c 500
    (Being Inventory Purchased)

    xxx Insurance A/c Dr. 120


    To Cash A/c 120
    (Being Insurance Policy Purchased)

    xxx Creditor's A/c Dr. 600


    To Cash A/c 600
    (Being Cash Paid)

    xxx Salary A/c Dr. 150


    To Cash A/c 150
    (Being Salary Paid)

    xxx Rent A/c Dr. 120


    To Cash A/c 120
    (Being Rent Paid)

    xxx Cash A/c Dr. 280


    Discount Allowed 20
    To Sales A/c 300
    (Being Cash Received And Discount Allowed)
    xxx Drawings A/c Dr. 45
    To Cash A/c 45
    (Being Cash Withdrawn For Personal Use)

    Total 2,835 2,835

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