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Assignment 2 For Bbm/Mba

The document provides instructions to journalize transactions from May 3rd to May 9th for Rama & Sons, including depositing and withdrawing cash from the bank, giving and receiving loans, making payments and receipts by cash and cheque, purchasing furniture, and bringing in additional capital. It lists 16 separate financial transactions that need to be recorded in the company's journal over the 7 day period.

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35 views1 page

Assignment 2 For Bbm/Mba

The document provides instructions to journalize transactions from May 3rd to May 9th for Rama & Sons, including depositing and withdrawing cash from the bank, giving and receiving loans, making payments and receipts by cash and cheque, purchasing furniture, and bringing in additional capital. It lists 16 separate financial transactions that need to be recorded in the company's journal over the 7 day period.

Uploaded by

tripathi_indramani5185
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment 2

For BBM/MBA
Journalize: the following transactions in the books of Rama & Sons
3rd May :
4th May :
4th May :
5th May :
5th May :
5th May :
6th May :
6th May :
6th May :
7th May :
7th May :
8th May :
8th May :
9th May :
9th May :
9th May :
Cash deposited into bank Rs. 60,000
Loan given to Bhuvan Rs. 20,000
Paid cash to Veeru Rs. 20,000
Paid to Veeru by cheque Rs. 15,000
Cash received from Tarun Rs. 12,000
Took loan from Anush Rs. 15,000
Cheque received from Pranav Rs. 15,000
Paid to Intel Computers by cheque Rs. 17,000
Withdrew from bank Rs. 5,000
Withdrew from bank for office use Rs. 8,000
Cash received from Bhuvan on loan account Rs. 10,000
Withdrew from bank for personal use Rs. 1,000
Cash taken by proprietor for personal use Rs. 3,000
Bought furniture and paid by cheque Rs. 15,000
Paid to Anush by cheque on loan account Rs. 5,000
Brought additional capital of Rs. 25,000

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