The document provides details of transactions for a business over July and August 2024, including starting the business, paying rent and insurance, buying supplies, billing and receiving payments from customers, paying salaries and suppliers, and paying dividends.
The document provides details of transactions for a business over July and August 2024, including starting the business, paying rent and insurance, buying supplies, billing and receiving payments from customers, paying salaries and suppliers, and paying dividends.
The document provides details of transactions for a business over July and August 2024, including starting the business, paying rent and insurance, buying supplies, billing and receiving payments from customers, paying salaries and suppliers, and paying dividends.
The document provides details of transactions for a business over July and August 2024, including starting the business, paying rent and insurance, buying supplies, billing and receiving payments from customers, paying salaries and suppliers, and paying dividends.
Mr. Manoj provides the details of the following transactions for the months of July and August 2024
July 1 Started business by depositing Rs. 20000 in the company’s bank account in exchange for 2,000 shares of Rs 10 each July 1 Paid 3 month rent in advance, Rs. 3000 July 1 Paid the premium on a one-year insurance policy, Rs. 900 July 5 Bought office equipment from Kiran Company, Rs 6000 and gave two bills payable for Rs. 3000 each July 7 Bought office supplies for cash, Rs. 2390 July 8 Bought art supplies on credit from Fairdeal Company Rs. 4510 July 9 Billed customers for services provided Rs. 6800 July 18 Received cash for services to be provided later Rs. 1800 July 27 Received cash from customers billed on July 9 Rs. 4900 July 29 Paid salaries for July Rs. 2100 July 31 Paid Kiran Company Rs .3000
August 1 Billed customers for services provided Rs. 7400
August 3 Received cash from customers billed on July 9 Rs. 1900 August 5 Provided services for cash received on July 18 August 9 Paid suppliers for art supplies Rs. 2100 August 13 Bought art supplies on credit Rs. 4200 August 17 Received cash from customers billed on August 1 August 24 Bought office supplies for cash Rs. 1300 August 29 Paid salaries for August Rs. 2300 August 30 Paid dividend Rs. 120 August 31 Paid Kiran Company Rs. 3000
