Accounting oky - m,ajkxm,xcz ,m ,mxz,x PDF

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m,ajkxm,xcz ,m ,mxz,x...

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Classify the following transactions: 2005 Jul 1. Zamir started business with capital Rs. 12,500. 2. Purchased murchendise for cash Rs. 7,500. 3. Sold murchendise on account to Nasim Rs. 500. 4. Purchased furniture for cash Rs. 1,000. 5. Bought murchendise from Mirza on account Rs.1,500. 6. Sold murchendise for cash Rs. 2,000. 7. Received cash from Nasim Rs. 500. 8. Paid cash to Mirza in part payments Rs. 900. 10. Paid rent of shop Rs. 250. Date

Particular

1_jul_05

Cash

Nature

Inc/Dec

Debit

Ast

Inc

12,500

Cap

Inc

Good

Inc

Ast

Dec

Ast

Inc

Good

Dec

Ast

Inc

Ast

Dec

Murchendise

Goods

Inc

Mirza(Accountpayable)

Lia

Inc

Cash

Ast

Inc

Goods

Dec

Capital 2_jul_05

Murchendise Cash

3_jul_05

Nasim(Account recieveable)

L/F

Credit

12,500 7,500 7,500 500 500

Murchendise 4_jul_05

Furniture Cash

5_jul_05

6_jul_05

Murchendise

1,000 1,000 1,500 1,500 2,000 2,000

7_jul_05

8_jul_05

Cash

Ast

Inc

Nasim( Account recieveable)

Ast

Dec

Mirza(Accountpayable)

Lia

Dec

Ast

Dec

Exp

Inc

Ast

Dec

Cash 10_jul_05

Rent Cash

500 500

900 900 250 250

3:::: 2005 Jan 1. Nouman started business with cash Rs. 6,000. 2. Purchased murchendise for cash Rs. 3,000. 7. Sold murchendise to Hamid on account Rs. 2,000. 10. Purchased equipment for cash Rs. 1,000. 15. Purchased murchendise from Majid on account Rs. 2,500. 18. Sold murchendise for cash Rs. 3,000. 22. Received cash from Hamid Rs. 2,000. 25. Paid cash to Majid Rs. 2,000. 30. Paid electric bill Rs. 150.

Date

Particular

1_jan_05

Cash Capital

2_jan_05

Murchendise Cash

L/F

Nature

Inc/Dec

Debit

Ast

Inc

6,000

Cap

Inc

Good

Inc

Ast

Dec

Credit

6,000 3,000 3,000

Date

Particular

7_jan_05

Hamid(Accountrecieveable)

Nature

Inc/Dec

Debit

Ast

Inc

2,000

Good

Dec

Equipment

Ast

Inc

Cash

Ast

Dec

Goods

Inc

Lia

Inc

Ast

Inc

Goods

Dec

Cash

Ast

Inc

Hamid(Accountrecieveable)

Ast

Dec

Majid(Account payable)

Lia

Dec

Cash

Ast

Dec

Electric bill

Exp

Inc

Cash

Ast

Dec

Murchendise 10_jan_05

15_jan_05

Murchendise Majid(Accountpayabl )

18_jan_05

Cash Murchendise

22_jan_05

25_jan_05

30_jan_05

L/F

Credit

2,000 1,000 1,000 2,500 2,500 3,000 3,000 2,000 2,000 2,000 2,000 150 150...