1 st January, 2019 , Munawer Ahmad started business other transactions for the month of June as follows: Purchased from Aleem goods of Rs. 5,000 by cash. Sold goods to Muhammad Ali Rs. 700 and cash...




1st January, 2019
, Munawer Ahmad started business other transactions for the month of June as follows:








  1. Purchased from Aleem goods of Rs. 5,000 by cash.

  2. Sold goods to Muhammad Ali Rs. 700 and cash sales of Rs. 200.

  3. Distributed goods worth Rs. 300 as free samples and goods taken away by the proprietor for personal use Rs. 150.

  4. Goods returned by Muhammad Ali Rs. 150 and payment other outstanding amount.

  5. Furniture lost by fire of worth Rs. 400.

  6. Paid Salaries Expense Rs. 1,000.




Requirement:
Prepare the necessary journal entry for the month of January.



Jun 08, 2022
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