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  • Quiz 1 AVP (UnSolved) PDF

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    Zaheer Swati
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    This document provides a variation proforma for journal entries with 5 sample transactions: 1) An owner withdrew furniture from the business worth Rs. 20,000. 2) Goods were sold to a vendor on account for Rs. 44,000. 3) Payment of Rs. 7,500 was made to a creditor on account. 4) The owner further invested Rs. 5,000 in the business. 5) Wages of Rs. 200 were paid to an employee in cash. The proforma includes columns for account title, pillar of accounts, reasons, debit amount and credit amount for each transaction.

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    9. Quiz 1 AVP (UnSolved).pdf

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    This document provides a variation proforma for journal entries with 5 sample transactions: 1) An owner withdrew furniture from the business worth Rs. 20,000. 2) Goods were sold to a vendor on account for Rs. 44,000. 3) Payment of Rs. 7,500 was made to a creditor on account. 4) The owner further invested Rs. 5,000 in the business. 5) Wages of Rs. 200 were paid to an employee in cash. The proforma includes columns for account title, pillar of accounts, reasons, debit amount and credit amount for each transaction.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    19 views1 page

    Quiz 1 AVP (UnSolved) PDF

    Uploaded by

    Zaheer Swati
    This document provides a variation proforma for journal entries with 5 sample transactions: 1) An owner withdrew furniture from the business worth Rs. 20,000. 2) Goods were sold to a vendor on account for Rs. 44,000. 3) Payment of Rs. 7,500 was made to a creditor on account. 4) The owner further invested Rs. 5,000 in the business. 5) Wages of Rs. 200 were paid to an employee in cash. The proforma includes columns for account title, pillar of accounts, reasons, debit amount and credit amount for each transaction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    COMSATS, ABBOTTABAD Accounting I MGT

    Q # 3 Following Variation Proforma for Journal Entries have been provided, you are required to check changes in following transaction with the help of Proforma
    (Marks = 10)

    Variation Proforma for Journal Entries

    Account Title Pillar of


    S.No Transactions Reasons Debit (Rs.) Credit (Rs.)
    Involved Accounts

    1
    Owner withdrawal Furniture in business Rs. 20,000

    2 Goods Sales to Vendor on Account Rs. 44,000

    3 Payment made to Creditor on Account Rs. 7,500

    4 Further Investment made by owner Rs. 5,000

    5 Paid Wages to employee by Cash Rs. 200

    For Solution Click www.accountancyknowledge.com/accounting-papers/quiz-1/ 28 Quiz # 1

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