Q No.13 Write four steps of analysis for each transaction. General Journal make a) Mr. Ahmed...

Q No.13
Write four steps of analysis for each transaction.
General Journal make

a) Mr. Ahmed invested cash Rs. 125,000
b) Bought merchandise for cash Rs.20000
c) Paid rent for the month Rs.5000
d) Purchase office supplies for Rs.1500
e) Sold goods for cash Rs.5000
f) Purchase goods on credit from Nasir Ali Rs.10000
g) Paid salaries to office staff Rs. 12500
h) Paid to Nasir Ali Rs.3500
i) Sold goods on credit to Abid Rs.15000
j) Merchandise return to Nasir Ali Rs.250
k) Goods were returned by Abid Rs.750
l) Withdrew cash for personal use Rs.1000
m) Sold old machine at Rs.500

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Expert Solution

ekkarill92 answered 1 year ago

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