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Purchased Purchased: Purchased For His Son

Amitabh started a business with Rs. 80,000 cash on May 1st. Over the month he purchased inventory and supplies, both for cash and on credit. He also sold goods generating cash and receiving payments from customers. Various expenses were paid including rent, purchases, and settling accounts payable. All transactions were recorded in Amitabh's journal for the month of May 2021.

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Amritya Tripathi
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228 views1 page

Purchased Purchased: Purchased For His Son

Amitabh started a business with Rs. 80,000 cash on May 1st. Over the month he purchased inventory and supplies, both for cash and on credit. He also sold goods generating cash and receiving payments from customers. Various expenses were paid including rent, purchases, and settling accounts payable. All transactions were recorded in Amitabh's journal for the month of May 2021.

Uploaded by

Amritya Tripathi
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
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3.

Record the following transactions in the Journal of Amitabh:


2021 80,000
May 1 Amitabh started business with cash ********°***********°****°** a00 ** *************
******

********°************°
10,000
May 2 Purchased furniture from Modern Furnishers for cash.
e***.
****************************** 30,000
May 5 Deposited in bank..
***** ***** a**°*
5,000
May 6 Purchased goods for cash ********e**

*****************
4,500
May 8 Purchased goods on credit from Hari. ****4****** A ****aa*eea****
*****

3,000
May 10 Purchased goods from Suresh for cash 4,000
May 12 Purchased goods from Ajay. e******e* ************************e*e**** *****************

7,000
14 Sold goods for cash
May .. *********eadee**ds ****tsanmogeee aeeaeesones

6,500
* nedeao

May 15 Sold goods to Karim.. ***

May 16 Sold goods to Ganesh for cash 5,000


May 18 Sold goods to Bansi 3,500
May 19 Withdrew from bank for office use.. 5,000
May 20 Karim paid on account 5,000
May 29 Paid rent for residence. 6,000
3,000
May 30 Purchaseda cycle
for hisson.
May 30 Paid to Ajay in settlementof hisaccount 3,800

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