sold car and invested the amount in business jounalise the transaction
Answers
Answer:
ournalise the following transactions.
Jun 5th : Acquired the running business of Max, for cash 50, 000 by taking over the following assets and liabilities at values stated against them:
Stock of Goods 15,000; Cash 25,000; Furniture 10,000; Debtors 7,000; Machinery 8,000 & Creditors 15,000.
6th : Opened a bank account with 5,000
7th : Bought goods worth 6, 000 from Usha & Co. & paid half the amount in cash.
8th : Sold to Bee & Co. goods worth 5,000 and a cheque received for the due
14th : Sold private car for 4,000 and bought a new one for business with the proceeds plus 5,000 from office cash.
16th : Bought furniture worth 4,000 of which, those worth 1,000 are for office use and the balance for stock.
18th : Sold goods to Arial & Co. 8,000 and to Wheel & Co. 7,000
19th : Payment made to Creditors 4,500
20th : Cash received from Debtors 5,800
25th : Paid Rent by cheque 2,500
30th : Commission received 3,000
Explanation:
Answer:
can you please explain me the question, budddy ?
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