HelpMeOutAlways: Financial Accounting
Showing posts with label Financial Accounting. Show all posts
Showing posts with label Financial Accounting. Show all posts

Saturday, April 27, 2019

Aqil's Business Accounting Equation For The Month Of January 2009
April 27, 20190 Comments
Given: Following transactions related to the business of Aqil during January 2009 0l,   Aqil started a business with cash Rs. 300,000. 02.  Opened a current account in National Bank with Rs. 100,000. 03,  Purchased furniture for Rs. 21,250. 03,  Paid shop rent Rs. 14,400 by cheque for 6 months. 04,  Purchased merchandise on cash Rs. 31,500 05,  Sold merchandise on cash Rs. 11,500. 07,  Purchased merchandise...
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Mehran Centre's, operated by Solangi: Accounting Equation For The Month Of  April 2017
April 27, 20190 Comments
Following transactions relate to the business of Mehran Centre, operated by Solangi: April 2017 01, Invested cash In business Rs. 160,000 03,  Pod six months rent to landlord Rs. 2,500 per month. 04,  Purchased merchandise on cash Rs. 42,980. 05  Purchased furniture on credit from model furnishers for Rs. 20,000. 06,  Sold merchandise on cash Rs. 8,750. 08,  Solangi transferred from his personal bank account to his firm's...
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Kabir & Company's Accounting Equation  For The Month Of October
April 27, 20190 Comments
Given: Following are the transactions of Kabir & Co for the month of October. 01. Mr. Kabir started his business with cash Rs. 500, 000. 02. Opened a bank account in HBL Rs. 25,000. 03. Purchased furniture Rs. 11,200. 04, Purchased merchandise from Model Ltd.ycs. 8,450 05. Cash sales ( cost price Rs. 2,100) at Rs. 2,540. :) 06. Purchased on cash Rs. 7,230. 11, Credit sales ( cost RS. 1480) to Wali Bhai at Rs.3,700. 11. Credit sales (cost Rs...
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Mughal Electric Ichra Lahore Accounting Equation For The Month OF December 2008
April 27, 20190 Comments
 Given:  Following are the transactions of Mughal Electric Ichra Lahore:  December 2008 01. Mughal invested cash Rs. 1040,000 in business and shop building Es. 246,000. : 02. Purchased Furniture Rs.31,500 on cash. 04, Purchased electric bulbs, electric irons, and other electric items Rs. 47,750. 05. Sold merchandise on cash Rs. 21,700. 07. Purchase electric heater, bulbs, PPI holders, etc from Modern electric store Rs. 13,245 on credit. 09. ...
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Mr. Ghani Talak chari Hyderabad Accounting Equation For the Month of January
April 27, 20190 Comments
Given:  2009 Following are the transactions of Mr. Ghani Talak chari Hyderabad, a sole trader during  January. 02.  Mr. Ghani started his business with a cash investment of Rs.25,0000. 04. Purchased merchandise on cash Rs.10,000. 07. Purchased merchandise from Kadar & Sons Rs. 11,500 on credit. 08. Sold merchandise on cash Rs. 5500. 10. Sold merchandise to Rais Rs. 7,350 on credit. 13. Cash deposited into a bank in the firm's...
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