Question

Journalize the following transactions of Moiz Traders.

1. Moiz started business with cash Rs. 80,000, furniture Rs. 20,000 and goods Rs. 15,000

2. Purchased goods for Rs. 25,000 from Irfan

3. Sold goods to Ali for Rs. 15,000

4. Goods amounting to Rs. 2,500 returned to Irfan being low quality

5. Paid cash to Irfan Rs. 10,000 as part payment

6. Goods of Rs. 2000 returned to Ali

7. Received cash Rs. 8000 from Ali as part payment

8. Goods of Rs. 1500 distributed as charity

9. Withdrew cash for personal use Rs. 5000

10. Paid Rs. 5000 salary and Rs. 7000 for rent

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Answer 1

Answer:

write about ladakh trip in 150 words