ACCOUNTING assignment - a b c d e f shouldbecredited...

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From the following transactions find out the nature of  account and also state which should be debited and which  should be credited: a. Rent paid,                               g.  outstanding for salaries, b. Salaries paid,                          h.  Telephone charges paid, c. Interest received,                      i.  Paid to suresh., d. Dividends received ,                  j.  Received from mohan, e. Furniture purchased for cash,,   k.  lighting f. Machinery sold,
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ENTER THE FOLLOWING TRANSACTIONS  IN THE JOURNAL OF INDER FOR THE  MONTH OF JULY 2010. Also Prepare  Ledger of accounts and Trial  Balance.
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JULY 1 Inder commenced his business with capital of 100000 1 Bought machinery 30000 2 Bought goods for cash from Ram 15000 2 Sold goods for cash to Hari 40000 3 Purchased goods from Jai 22000 4 Cash sales 60000
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This note was uploaded on 12/20/2011 for the course MBA 1036 taught by Professor Sn during the Spring '11 term at Great Lakes Christian college.

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ACCOUNTING assignment - a b c d e f shouldbecredited...

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