GENERAL JOURNAL AND CASH BOOK TEST PAPER 1ST YEAR ACCOUNTING KARACHI

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.
Cash Book:
Given:
hammad a sole trader uses Three column cash book. on Ugust 1, 2011, he had cash in hand Rs. 50,000/- and cash in bank Rs. 72,000/-. During the month of August 2011 he completed the followin gtransactions.
Aug 01: Purchased Merchandise for Rs.7,300/- and issued a cheque for the amount.
Aug 0: Cash sales and deposit into Bank Rs. 8,000.
Aug 10: Recievd a cheque for Rs. 7,900/- from Moin in full settlement of his account of Rs. 8,000/- and deposit the cheque in Bank.
Aug 18: Withdrew cah for personal use Rs. 4,000/- 
A ug 20: Issued cheque for Rs. 4,500/- to Ahmer in full settlement of his account of Rs.4,00/-
Aug 24: Withdrew from Bank Rs. 5,000/- for office use.
Aug 31: Rent paid cheque Rs. 3,500/-


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4 Comments

  1. Its easy sir and thanks for it ....... Sir if u know about 1st year and 2nd year 2016 guess paper then please inform me because I'm in trouble........ Sir my field is commerce..... Acha sir btaye 1st year k guess m paper n finencial statement ka koi question h kia ???????

    ReplyDelete
  2. First entry ....... 1:::: cash 50000 sey debit or equipment10000 sey debit or muhammad umar's capital Crate 60000 total amount of first entry ......

    ReplyDelete
  3. First entry ....... 1:::: cash 50000 sey debit or equipment10000 sey debit or muhammad umar's capital Crate 60000 total amount of first entry ......

    ReplyDelete
  4. Its easy sir and thanks for it ....... Sir if u know about 1st year and 2nd year 2016 guess paper then please inform me because I'm in trouble........ Sir my field is commerce..... Acha sir btaye 1st year k guess m paper n finencial statement ka koi question h kia ???????

    ReplyDelete

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