GENERAL JOURNAL AND CASH BOOK TEST PAPER 1ST YEAR ACCOUNTING KARACHI
Monday, February 29, 2016
General Journal:
Given:
1. Muhammad Umar started business with a cash investment of Rs. 500,000/ and equipment Rs. 100,000/.
2. Cash deposit into bank for business account Rs. 100,000/.
3. Purchased merchandise on cash Rs. 75,000.
4. Cash sales Rs. 50,000/.
5. Withdrew cash from bank for personal use Rs. 15,000/.
6. Paid Salaries to the employess by cheque Rs. 6,000/.
7. Recieved rent of the building in advance of Rs. 10,000 cash.
Given:
1. Muhammad Umar started business with a cash investment of Rs. 500,000/ and equipment Rs. 100,000/.
2. Cash deposit into bank for business account Rs. 100,000/.
3. Purchased merchandise on cash Rs. 75,000.
4. Cash sales Rs. 50,000/.
5. Withdrew cash from bank for personal use Rs. 15,000/.
6. Paid Salaries to the employess by cheque Rs. 6,000/.
7. Recieved rent of the building in advance of Rs. 10,000 cash.
Cash Book:
Given:
hammad a sole trader uses Three column cash book. on Ugust 1, 2011, he had cash in hand Rs. 50,000/- and cash in bank Rs. 72,000/-. During the month of August 2011 he completed the followin gtransactions.
Aug 01: Purchased Merchandise for Rs.7,300/- and issued a cheque for the amount.
Aug 0: Cash sales and deposit into Bank Rs. 8,000.
Aug 10: Recievd a cheque for Rs. 7,900/- from Moin in full settlement of his account of Rs. 8,000/- and deposit the cheque in Bank.
Aug 18: Withdrew cah for personal use Rs. 4,000/-
A ug 20: Issued cheque for Rs. 4,500/- to Ahmer in full settlement of his account of Rs.4,00/-
Aug 24: Withdrew from Bank Rs. 5,000/- for office use.
Aug 31: Rent paid cheque Rs. 3,500/-
Given:
hammad a sole trader uses Three column cash book. on Ugust 1, 2011, he had cash in hand Rs. 50,000/- and cash in bank Rs. 72,000/-. During the month of August 2011 he completed the followin gtransactions.
Aug 01: Purchased Merchandise for Rs.7,300/- and issued a cheque for the amount.
Aug 0: Cash sales and deposit into Bank Rs. 8,000.
Aug 10: Recievd a cheque for Rs. 7,900/- from Moin in full settlement of his account of Rs. 8,000/- and deposit the cheque in Bank.
Aug 18: Withdrew cah for personal use Rs. 4,000/-
A ug 20: Issued cheque for Rs. 4,500/- to Ahmer in full settlement of his account of Rs.4,00/-
Aug 24: Withdrew from Bank Rs. 5,000/- for office use.
Aug 31: Rent paid cheque Rs. 3,500/-