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IG-1 - Assessment - Journal Entries
IG-1 - Assessment - Journal Entries
Candidate
Name
Centre Candidate
Number Number
Accounting 0452
Nov 2020
45min
Additional Material: Answer Sheet Total marks:24
Nov 5 Office rent was paid for the month $5,000 by cash.
Nov 6 Desks and chairs were purchased for the office on time $28,800 from ABC Ltd.
Nov 10 Equipment was purchased on credit for $50,000 from XYZ Ltd.
Nov 15 Motor Vehicle was purchased for $15,000 paying $10,000 by cheque and remainder in cash.
Nov 20 Our business provides services and we received $50,000 cash for services rendered.
Nov 30 The Equipment was fully paid by bank transfer to XYZ Ltd.