Professional Documents
Culture Documents
Accounting Books of Original Entry
Accounting Books of Original Entry
Accounting Books of Original Entry
3)
b)
6c)
Debit Credit
1 Capital 300
2 Motor Vehicle 12000
3 Valley Machine 990
b) Jai Kapur
c) The goods are faulty and have been returned to the seller
d) Debit note
e)
10a)
b)
a)
b)
12a)
b)
b)
15a)
b) 5 200
When goods are faulty and have been returned to the seller
b)
c)
$ $
Aug 13 Returns 24 Aug 1 Balance b/d 520
24 Bank 507 9 Purchases 340
Discount 13
31 Balance c/d 316
860 860
Sep 1 Balance b/d 316
18a) 8500/45000*365= 69days
b)
19)
19)
$ $
Sep 7 Bank 274 Sep 1 Balance b/d 274
Fed 1 Cash 96 Aug 31 Income 209
Statement
Aug 31 Balance c/d 113
483 483
Sep 1 Balance c/d 113
b)
Debit Credit
Drawings 300
Drawings 108
d)
e) Sales Ledger
f) False
False
False
True
False
b) $1575
c) Credit Note
22) A
Credit note
b) Cash book
General journal
c)
$ $
March 1 Balance b/d 520 March 10 Bank 520
4 Sales 224 12 Returns 96
18 Bank 520 26 Cash 600
30 Bad debts 48
1264 1264
d)
24a)
b)
25) A
26) A
27a)
c)
$ $
May 4 Purchases 105 May 1 Balance b/d 480
6 Bank 468 2 Purchases 400
6 Discount 12 19 Purchases 190
receive
31 Balance c/d 485
1070 1070
June 1 Balance b/d 485
e)
f)
28)
Inventory 15200
Shop fittings 14300
Cash 500
Bank 32400
Loan 15000
Capital 47400
62400 62400
b)
Debit Credit
Office equipment 1900
Equip Limited 1900
Purchases of office equipment
on credit
Drawings 430
Purchases 430
Goods taken for own use
b) 1) Cash book
3) General Journal
c)
e) 1) Sales Ledger
2) General Ledger
31a)
b) Correction of errors
Year-end Transfers
$335
14/686+14*100= 2%
Cash discount
33a)
$ $
Jan 1 Balance b/d 600 Jan 8 Bank 582
6 Sales 800 Discount 18
allowed
10 Sales returns 120
31 Balance c/d 680
1400 1400
Feb 1 Balance b/d 680
b) Cash is not tied up
c) Current assets
34a)
b) Transaction 3
c) Transaction 4, $360
d) Transaction 5
e)
f) Cash book
g) general journal