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  • Purchased Purchased: Purchased For His Son

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    Amritya Tripathi
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    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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    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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    © All Rights Reserved
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    102 views1 page

    Purchased Purchased: Purchased For His Son

    Uploaded by

    Amritya Tripathi
    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    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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