2008 Assignments

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(v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) (xv) (xvi) (xvii) (xviii) (xix) (xx)

Purchased goods from Mr. Z for Rs. 2,000. Goods returned to Mr. Z for Rs. 500. Paid to Mr. Z in full settlement of Rs. 1,400. Received interest on investment for Rs. 400. Paid rent to landlord Mr. Y for Rs. 500. Withdrew cash fro household expenses amounted to Rs. 600. Sold goods to Mr. L for cash Rs. 2,500. Sold goods to Mr. D on credit for Rs. 1,000. Goods returned by Mr. D for Rs. 250. Received cash from Mr. D in full settlement for Rs. 700. Paid carriage on goods purchased for Rs. 350. Paid carriage on goods sold for Rs. 800. Purchased furniture for office decoration for cash amounted to Rs. 1,000. Purchased furniture for re-sale for Rs. 1,000. Sold furniture out of those meant for re-sale Rs. 1,500. Paid rent out of personal cash for Rs. 400.

After passing the journal entries prepare ledgers.

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