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1st year test paper

Shamim Collegiate House NO#  LA 54  Block 15 Gulshan e Mustafa  FB Area karachi , Mobile :: 03433498272 1)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. Required: a) Analyse of the above transactions. b) Record the above transaction in General Journal. 2)Ledger and Trial Balance: Given: Following are the ledger balances of Sadique and Sons on june 30, 2011. Capital Rs. 146,000/- Cash in hand Rs. 45,000/- Cash in Bank Rs.65,000/- Purchases Rs. 140,000/- Salaries Expenses Rs.

2nd year test paper two

Shamim Collegiate House NO#  LA 54  Block 15 Gulshan e Mustafa  FB Area karachi , Mobile :: 03433498272 Accounting Surprise Test Paper For 2 nd year by sir tariq 1. Single Entry Balances of the assets and equities of the business of Mr. Masroor on Jan. 1, 1988 and Dec. 31, 1988 were as follows:                                           Jan.1st …… Dec.31st Cash in hand……………….1,00,000…  …..5,000 account recei……………….120,000… …..12,000 Prepaid Insurance…………………   ……5,000 Furniture………………… .10,000…   ….15,000 Accounts Payable……  …5,000……       ..7,000 Capital 1.1.1988……………10,000…………. Capital (unadjusted) 31.12.1988……………30,000 Additional information of Dec. 31, 1988. i) During the year Masroor had with drawn Rs. 72,000 cash for his During the year Masroor had with drawn Rs. 72,000 cash for his private use and had made on additional investment of Rs. 50,000. ii) The Bank Statement showed a debit of Rs. 260 for Zakat deduction and credit of Rs. 840 for profit. iii) Insuran