Enter the following transaction in the Journal of Suresh: (6)
2012
March 1
2
4
5
6
8
Suresh started business with cash
Bought goods from ramesh
Paid rent for the office
Paid salary to gopal
Received cash from harish
Withdrew cash from office for personal use
60,000
10,000
30,000
15,000
36,000
25,000
Prepare Accounting Equation from the following:
a) Rajeev started business with cash Rs.1,50,000.
b) Bought goods for cash Rs.80,000 and on credit for Rs.40,000.
c) Goods costing Rs.75,000 sold at a profit of 33⅓ %. Half the payment received in cash.
d) Goods costing Rs.10,000 sold for Rs.12,000 on credit.
e) Paid for Rent Rs.2,000 and for salaries Rs.4,000.
f) Goods costing Rs.20,000 sold for Rs.18,500 for cash.
g) Salary due but not paid Rs. 500.
h) Provide interest on Capital Rs. 300.
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James Joyce was born in Dublin in 1882. He belonged to a Catholic family and got his education from Catholic schools. During his studies he went through a phase of religious zest, however, he rejected the Catholic Church. He was influenced was Ibsen and inspired by his views, Joyce took literary mission as a career. He was sternly against the bigotry of Phillistines in Dublin.
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