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Ledger 2

The document outlines a series of transactions for Ms. Nausheen's business in August 2015, including cash investments, purchases, sales, salary payments, and equipment acquisition. It specifies the accounts to be debited and credited for each transaction. The transactions reflect the financial activities of the business during that month.

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37 views5 pages

Ledger 2

The document outlines a series of transactions for Ms. Nausheen's business in August 2015, including cash investments, purchases, sales, salary payments, and equipment acquisition. It specifies the accounts to be debited and credited for each transaction. The transactions reflect the financial activities of the business during that month.

Uploaded by

nyza
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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QUESTION 2

The following transactions took place in the business of Ms. Nausheen in the
month of August. 2015.Enter the following transactions in the ledger
accounts of Ms.Nausheen
Date Transactions Account to be debited Account to be
credited

Aug 1 The owner started business with cash $


7000

Aug 5 Bought goods for cash $ 1500

Aug 10 Sold good for cash $ 900

Aug 17 Sold goods on credit to A.N Mart $ 500

Aug 22 Paid salary by cheque $ 1000

Aug 31 Bought computer for cash $ 2100


Dr Cash Account

Date particulars F $ Date Particulars FN $


N

Purchase Account

Date particulars F $ Date Particulars FN $


N

Dr Sales Account

Date particulars F $ Date Particulars FN $


N
Date particulars FN $ Date Particulars FN $

A.N Mart Account

Salary Account

Date particulars F $ Date Particulars FN $


N

Bank Account

Date particulars FN $ Date Particulars FN $


Computer Account

Date particulars FN $ Date Particulars FN $

Capital Account

Date particulars FN $ Date Particulars FN $

Cash 7000

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