Wa0033.
Wa0033.
Wa0033.
A 35000 3100
4000 2000
11500 18000
D 13500 10000
E 25000 30000
1 computer
2 cash at bank
3 insurance
4 discount received
6 cash in hand
7 furniture
8 sundry expenses
9 rent received
10 office equipment
11 motor van
The following transactions are from the business of Eelaaf Ltd.
Identify the debit and credit of the following transactions.
June 1
Introduced Capital $95,000 by
cheque
June 2
Purchased goods on credit
from Anaal for $8,000
June 3 Bought a van $10,000 for cash
June 5
Sold goods on credit to Mishal
for $700
June 8
Purchased goods on credit
from Yaana $1,600
June 22
Paid light and heat by cheque
$400
June 30
Eelaaf took goods costing $500
for own use
Question no: 8 2 B
The followingtransactions are from the business of Amra Ltd.
Identify the debit and credit of the following transactions.
June 1
IntroducedShare Capital
$100,00, money was lodged
Purchased goods for cash
June 2
$50,000
June 8
Purchased Delivery Account by
cheque $65,000
June 19
Debtor, Jeem returned goods
$5,400
Returned goods to creditor
June 23
Zoya $3,200
Enter these transactions in the ledger of Aaif. Balance the bank account and the accounts of
Dhayyan Traders and Eeshan on 14 July and bring down the balances on 15 July 2023.
Question no: 4
2023 2023
May 17 Returns 120 May 1 Balance b/d 180
590 590
Explain each entry in this account and also state where the double entry for each entry will be found.
Question no: 5
Shaffan is a trader. On 1 October 2023 he had the following balances in his ledger:
$
Capital 15 000
Inventory 3400
Fixtures and fittings 10 100
Trade receivable- Shayaal 1110
Trade payable - Maiesh 1760
Loan from Yoosuf Finance 2 000
Bank 4 150 debit
Enter these transactions in Shaffan's ledger. Start with the opening balances and balance the bank
account and Maiesh's account and bring down the balances on 1November 2023.