CAF-01 Introduction to accounting Basics of accounting

Lecture 11

Classwork:
1) (Q. 3.1) Write up the asset and liability and capital accounts to record the following transactions in
the records of F Murray.
20X7
July 1 Started business with Rs. 15,000 in the bank.
July 2 Bought office furniture by cheque Rs. 1,200.
July 3 Bought machinery Rs.1,400 on credit from Trees Ltd.
July 5 Bought a van paying by cheque Rs. 6,010.
July 15 Paid the amount owing to Trees Ltd Rs.1,400 by cheque.
July 31 Bought more machinery by cheque Rs.650.

Homework:
1. Prepare complete ledgers of Lecture 6 homework Q.3.
2. Prepare complete ledgers of Lecture 7 homework Q.2 (L Linda).
3. Prepare complete ledgers of Lecture 8 classwork Q.5.
4. Prepare complete ledgers of Lecture 8 homework Q.2 (Mr. Zohaib).
5. Prepare complete ledgers of Lecture 8 homework Q.3 (Mr. Nirmal).
6. Prepare complete ledgers of Lecture 9 homework Q.2 (P Hewitt).
7. Prepare complete ledgers of Lecture 10 homework Q.2.

Umair Sheraz Utra, ACA Page |1