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XI Accounting Rule 08 Expenses


EXPENSE RULE 08
On March 3, 2018, he paid Rs.5,000/- rent for the month of the March for the shop.
On March 3, 2018 Paid cash for salary expense Rs.2,000.
On March 3, 2018 Paid cash for Interest Expense Rs.2,000
On March 3, 2018 Paid cash for Freight Rs.2,000
On March 3, 2018 Paid cash for carriage Rs.2,000
On March 3, 2018 Paid cash for cartage Rs.2,000
On March 3, 2018 Paid cash for transportation Rs.2,000
On March 3, 2018 Paid cash for Miscellaneous Expenses: Rs.2,000
On March 3, 2018 Paid cash for Salaries Expense Rs.2,000
On March 3, 2018 Paid cash for Rent Expense Rs.2,000
On March 3, 2018 Paid cash for Wages Expense Rs.2,000
On March 3, 2018 Paid cash for Repairs and Maintenance Expense Rs.2,000
On March 3, 2018 Paid cash for Advertising Expense Rs.2,000
On March 3, 2018 Paid cash for Utilities Expense Rs.2,000
XI Accounting Rule 08 Expenses www.biek.pk





On March 3, 2018, he paid Rs.5,000/- rent for the month of the March for the shop.

Date
Particular
P/R
Debit
Credit
2018
March 03

Rent Expense
      Cash
To record Paid cash for Rent  Expense


5000


5000








On March 3, 2018 Paid cash for salary expense Rs.2,000.

Date
Particular
P/R
Debit
Credit
2018
March 03

Salary  Expense
      Cash
To record Paid cash for Salary Expense


2000


2000


On March 3, 2018 Paid cash for Interest Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Interest Expense
      Cash
To record Paid cash for interest  Expense


2000


2000


On March 3, 2018 Paid cash for Freight Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Freight  Expense
      Cash
To record Paid cash for freight


2000


2000


On March 3, 2018 Paid cash for carriage Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Carriage Expense
      Cash
To record Paid cash for carriage


2000


2000



On March 3, 2018 Paid cash for cartage Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Cartage  Expense
      Cash
To record Paid cash for Cartage  Expense


2000


2000


On March 3, 2018 Paid cash for transportation Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Transportation Expense
      Cash
To record Paid cash for Transportation 


2000


2000


On March 3, 2018 Paid cash for Miscellaneous Expenses: Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Miscellaneous  Expense
      Cash
To record Paid cash for Miscellaneous Expense


2000


2000


On March 3, 2018 Paid cash for Salaries Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Salaries Expense
      Cash
To record Paid cash for salaries  Expense


2000


2000


On March 3, 2018 Paid cash for Rent Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Rent  Expense
      Cash
To record Paid cash for rent  Expense


2000


2000


On March 3, 2018 Paid cash for Wages Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Wages  Expense
      Cash
To record Paid cash for Wages  Expense


2000


2000


On March 3, 2018 Paid cash for Repairs and Maintenance Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

 Repairs and Maintenance Expense
      Cash
To record Paid cash for  Repairs and Maintenance


2000


2000


Trading Topics


Rule 01 Owner Investment

Rule 02 purchase on cash

rule 03 Sold on cash









On March 3, 2018 Paid cash for Advertising Expense Rs.2,000

Date
Particular
P/R
Debit
Credit
2018
March 03

Advertising  Expense
      Cash
To record Paid cash for advertising  Expense


2000


2000






On March 3, 2018 Paid cash for Utilities Expense Rs.2,000
Date
Particular
P/R
Debit
Credit
2018
March 03

Utilities Expense
      Cash
To record Paid cash for Utilities Expense


2000


2000




Assignment
  1. Paid salaries to employees for the month Rs.4,500
  2. Paid transporting expense Rs.150.
  3. Paid for insurance Rs.26,000 
  4. Paid Rs.2,000 to the City Government for trade taxed.
  5. Paid office rent for the month of January Rs.5,000.
  6. Cash paid to employees Rs.6,000 
  7. Payment of salary to the assistant was Rs.3,600
  8. Paid rent expense in cash Rs.1,000.
  9. Paid salary to the salesman Rs.15,000 
  10. Paid for advertising Rs.17,000.

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