1st year accounting General Journal Test 02

Muzammil collegiate
LA54 block 15 gulshan e Mustafa Karachi

1st year accounting test by tariq aziz

Cash invested in the business by the owner Rs.50,000.

Purchased supplies for cash Rs.1,000.

Purchased equipment on account Rs.15,000.

Bought equipment at a cost of Rs.11,400 paid cash.

Mr. Ali started business with cash investment of Rs.100,000

Purchased furniture for cash Rs.12,000

Purchased equipment on account Rs.20,000

Sold merchandise for cash Rs.18,000

Deposited cash into bank Rs.5,000

Salaries paid to the employees Rs.8,000 by cheque.

He acquired a shop by paying Rs.36,000 as advance rent for a year.

Purchased furniture for shop Rs.64,000.

Purchased merchandise for cash Rs.200,000

Sold merchandise for cash Rs.200,000

Purchased merchandise on account from Mr. Zaid Rs.150,000

Paid salaries Rs.10,000

Paid office salaries Rs.3,000

he bought Rs.6,000/- supplies for the shop

he paid Rs.5,000/- rent for the month of the March for the shop

receipt from services rendered to various clients Rs.8,250/

payment of salaries to the office assistant Rs.3,600

receipt from services rendered during two weeks’ period ended

March 31, amounted to Rs.9,300/-.

Opened current account with the bank with Rs.10,000

Opened a bank account with cash Rs.10,000.

Cash sales Rs.10,000 of which 40% of the amount deposited into bank.

Paid shop rent in advance for ten months Rs.60,000

Paid for advertising Rs.17,000

Sold goods for cash Rs.100,000

Cash sales for the day Rs.6,00

Purchased merchandise on credit Rs.40,000 and paid cartage on it Rs.2,000 cash

Merchandise purchased for cash Rs.6,000

Paid Rs.2,000 to the City Government for trade taxed

Receive cash in advance for Rent rs 2000