Question

I want 25 transactions of accounts class 11
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Answer 1

Answer:

The fundamental steps in the accounting process are diagrammatically presented below.

The evidence provided by the source document is important in the following manners:

It provides evidence that a transaction has actually occurred.

It provides important and relevant information about date, amount, parties involved and other details of a particular transaction.

It acts as a proof in the court of law.

It helps in verifying transactions during the auditing process.

Answer 2

Answer:

Transactions

Explanation:

1.      Commenced business with cash Rs.10, 000.                                

2.      Deposit into bank Rs. 15,000                                                      

3.      Bought office furniture Rs.3,000                                                

4.      Soled goods for cash Rs.2,500                                        

5.      Purchased goods form Mr X on credit Rs.2,000

6.      Soled goods to Mr Y on credit Rs.3,000

7.      Received cash form Mr. Y on account Rs.2,000

8.      Paid cash to Mr X Rs. 1,000

9.      Received commission Rs. 50

10.  Received interest on bank deposit Rs. 100

11.  Paid into bank Rs. 1,000

12.  Paid for advertisement Rs.500

13.  Purchased goods for cash Rs. 800

14.  Sold goods for cash Rs. 1,500

15.  Paid salary Rs. 500

Hope this helps you dear :)

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