Journalize the following transactions in the books of AHMED for the month of March. 2020 2020 March. 1 Introduced cash as capital OMR 50,000. March. 5 Goods purchased on cash for OMR 10,000. March. 8 Purchased furniture on credit for OMR 10,000. March. 10 Paid OMR 2,000 as charity in COVID-19 fund. March. 15 Paid tuition fee for owner’s children from the business bank account OMR 200. March. 18 Paid electricity bill OMR 100. March. 20 Purchased goods from Rashid for OMR 8,000 and paid only 4,000 to him. March. 22 Purchased an extra machine for cash OMR 10,000 March. 25 Paid salaries OMR 500 from the bank account March. 28 Cash sales to Mohammed OMR 1,000
Journalize the following transactions in the books of AHMED for the month of March. 2020 2020 March. 1 Introduced cash as capital OMR 50,000. March. 5 Goods purchased on cash for OMR 10,000. March. 8 Purchased furniture on credit for OMR 10,000. March. 10 Paid OMR 2,000 as charity in COVID-19 fund. March. 15 Paid tuition fee for owner’s children from the business bank account OMR 200. March. 18 Paid electricity bill OMR 100. March. 20 Purchased goods from Rashid for OMR 8,000 and paid only 4,000 to him. March. 22 Purchased an extra machine for cash OMR 10,000 March. 25 Paid salaries OMR 500 from the bank account March. 28 Cash sales to Mohammed OMR 1,000
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 33P
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Q4
Journalize the following transactions in the books of AHMED for the month of March. 2020
|
2020 March. 1 |
Introduced cash as capital OMR 50,000. |
|
March. 5 |
Goods purchased on cash for OMR 10,000. |
|
March. 8 |
Purchased furniture on credit for OMR 10,000. |
|
March. 10 |
Paid OMR 2,000 as charity in COVID-19 fund. |
|
March. 15 |
Paid tuition fee for owner’s children from the business bank account OMR 200. |
|
March. 18 |
Paid electricity bill OMR 100. |
|
March. 20 |
Purchased goods from Rashid for OMR 8,000 and paid only 4,000 to him. |
|
March. 22 |
Purchased an extra machine for cash OMR 10,000 |
|
March. 25 |
Paid salaries OMR 500 from the bank account |
|
March. 28 |
Cash sales to Mohammed OMR 1,000. |
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