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Assignment 01 Financial Accounting

The document is a general journal for Umer & Co. It records various business transactions throughout October including the initial investment in the business, purchases of supplies and equipment, payments of rent, wages and expenses, and a withdrawal for personal use.

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44 views2 pages

Assignment 01 Financial Accounting

The document is a general journal for Umer & Co. It records various business transactions throughout October including the initial investment in the business, purchases of supplies and equipment, payments of rent, wages and expenses, and a withdrawal for personal use.

Uploaded by

sdo s
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Hamdard University, Islamabad

(Management Sciences)

NAME: Z U B A I R A S H R A F

REG.NO.:

PROGRAM: MBA SECTION: Non-Business

SUBJECT: Financial Accounting COURSE CODE: ACC 511

1
ASSIGNMENT NO.: NUMBER OF PAGES: 01

SEMESTER: 1st DATE: 28 / 04 / 2024

SUBMITTED TO: Mr. Raja Asad Azad


General Journal
Umer & Co.
Date Particulars/Detail L.F Debit Credit
Cash A/C 20000
Equipment A/C 3000
October 1st
Capital A/C 23000
(To Record Investment in Business)
Purchase A/C 700
rd
October 3 Cash A/C 700
(To Record Purchase of Supplies)
Truck A/C 34000
Cash A/C 10000
October 8th
Note Payable A/C 24000
(To Record Purchase of Truck)
Purchase A/C 1500
th
October 15 Cash A/C 1500
(To Record Purchase of Office Equipment)
Rent A/C 750
October 18th Cash A/C 750
(Rent Paid for October)
Cash A/C 1200
October 19th Services A/C 1200
(To Record Payment for Job)
Purchase A/C 2600
October 22nd Bank A/C 2600
(To Record Purchase of Supplies)
Wages of Employees A/C 4100
October 23rd Cash A/C 4100
(To Record Payment of Wages)
Insurance A/C 2960
October 25 th Cash A/C 2960
(To Record Payment of Premium On
Property)
Liabilities A/C 2400
th
October 26 Cash A/C 2400
(To Record Payment to Creditors)
Cash A/C 1400
October 28th Services A/C 1400
(To Record Payment for Job)
Expense A/C 410
October 29th Invoice A/C 410
(To Record Truck Expenses)
Expense A/C 330
October 29th Cash A/C 330
(To Record Miscellaneous Expenses)
Wages of Employees A/C 4300
October 30th Cash A/C 4300
(To Record Payment of Wages)
Drawings A/C 3000
October 31st Cash A/C 3000
(Withdrew Cash for Personal Use)

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