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FAA Assign. Question

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32 views3 pages

FAA Assign. Question

Assignment

Uploaded by

Aditi Barua
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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Financial Transactions for Journal, Ledger, and Trial Balance

Jan 1: Started Business with Rs. 100,000 cash in the business.


Jan 2: Purchased office supplies on account for Rs. 2,000 from Office Essentials Ltd.
Jan 3: Bought equipment for Rs. 20,000, paying Rs. 5,000 in cash and the rest on credit from Tech Equipments Ltd.
Jan 4: Paid rent for January, Rs. 3,000.
Jan 5: Sold goods for cash, Rs. 7,000.
Jan 6: Provided services on credit to ABC Pvt. Ltd., Rs. 8,500.
Jan 7: Paid Rs. 1,500 for utilities (electricity and water).
Jan 8: Received Rs. 5,000 cash from ABC Pvt. Ltd. for services provided earlier on credit.
Jan 9: Paid Rs. 500 for advertisement in the local newspaper.
Jan 10: Paid salaries to employees, Rs. 4,000.
Jan 11: Paid off Rs. 2,500 to Tech Equipments Ltd. for the equipment purchased on credit.
Jan 12: Bought goods for Rs. 12,000, paying 50% in cash and the rest on credit from XYZ Supplies Co.
Jan 13: Sold goods on credit to DEF Traders, Rs. 6,000.
Jan 14: Received a loan from the bank, Rs. 30,000.
Jan 15: Paid interest on the loan, Rs. 500.
Jan 16: Paid Rs. 700 for insurance coverage for the next six months.
Jan 17: Received Rs. 3,500 in advance from PQR Corp. for services to be provided next month.
Jan 18: Paid Rs. 1,200 for repairs and maintenance of equipment.
Jan 19: Returned defective office supplies worth Rs. 500 to Office Essentials Ltd. previously purchased on account.
Jan 20: Sold goods for cash, Rs. 4,500.
Jan 21: Paid Rs. 1,000 to Office Essentials Ltd. for office supplies purchased on account.
Jan 22: Purchased furniture for Rs. 8,000 on account from Furniture Hub.
Jan 23: Collected Rs. 4,000 from DEF Traders for goods sold on credit.
Jan 24: Paid Rs. 2,500 for transportation and delivery of goods.
Jan 25: Sold goods on credit to JKL Enterprises, Rs. 10,000.
Jan 26: Purchased goods for Rs. 9,000, paid in cash.
Jan 27: Issued shares to a new investor for Rs. 50,000.
Jan 28: Paid Rs. 2,000 for internet and telephone bills.
Jan 29: Paid Rs. 6,000 in dividends to shareholders.
Jan 30: Paid Rs. 4,500 to XYZ Supplies Co. for goods purchased on account.
Jan 31: Accrued Rs. 1,000 in interest payable on the loan.
Feb 1: Purchased office equipment for Rs. 3,000, paid in cash.
Feb 2: Received Rs. 7,000 from JKL Enterprises for goods sold on credit last month.
Feb 3: Paid Rs. 1,000 for monthly janitorial services.
Feb 4: Purchased goods for Rs. 10,000 on credit from Wholesale Goods Ltd.
Feb 5: Sold goods for cash, Rs. 5,500.
Feb 6: Paid Rs. 4,000 for a conference fee for management training.
Feb 7: Paid Rs. 1,500 for legal consultation services.
Feb 8: Issued a refund of Rs. 700 to XYZ Supplies Co. for damaged goods.
Feb 9: Received Rs. 8,000 in advance from MNO Corp. for services to be performed later.
Feb 10: Paid Rs. 3,000 for office utilities (electricity, water, etc.).
Feb 11: Purchased office supplies for Rs. 500 in cash.
Feb 12: Paid rent for February, Rs. 3,000.
Feb 13: Sold goods on credit to GHI Ltd., Rs. 12,000.
Feb 14: Paid Rs. 1,500 to Wholesale Goods Ltd. for goods previously purchased on credit.
Feb 15: Paid Rs. 2,000 in employee bonuses.
Feb 16: Purchased a new computer for the office for Rs. 2,500 on account from Digital Solutions.
Feb 17: Received Rs. 10,000 from GHI Ltd. for goods sold on credit.
Feb 18: Paid Rs. 4,000 to Wholesale Goods Ltd. for goods purchased last month.
Feb 19: Paid Rs. 600 for software subscription.
Feb 20: Accrued Rs. 1,200 in salaries payable.
Feb 21: Paid off Rs. 5,000 of the loan principal.
Feb 22: Paid Rs. 1,200 for office cleaning services.
Feb 23: Received Rs. 6,000 in cash for services rendered in January.
Feb 24: Paid Rs. 1,500 for business travel expenses.
Feb 25: Sold goods on credit to PQR Enterprises, Rs. 9,500.
Feb 26: Purchased a delivery vehicle for Rs. 18,000, paid in cash.
Feb 27: Received interest income of Rs. 800 on a short-term investment.
Feb 28: Paid Rs. 500 for office utilities.
Feb 28: Paid salaries for February, Rs. 4,500.
alance

Equipments Ltd.

sed on account.

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