Recording Business Transactions

Recording Business Transactions

Table of Contents
MAIN BODY.......................................................................................................................................3
PART A............................................................................................................................................3
PART B............................................................................................................................................9
REFERENCES...................................................................................................................................10

MAIN BODY
PART A
Journal entries
Date Particulars DR.(£) CR.(£)
01/09/19 Bank a/c 12000
Cash a/c 3200
Computer a/c 1000
To capital a/c 16200
(business commenced)
02/09/19 Purchase a/c 900
To David a/c 900
(purchase on credit)
03/09/19 Computer a/c 2000
To bank a/c 2000
(new computer purchased)
05/09/19 Bank a/c 500
To sales a/c 500
(sales of goods)
06/09/19 Purchase a/c 400
To Cash a/c 400
(cash purchase)
06/09/19 Rent a/c 600
To bank a/c 600
(rent paid)
12/09/19 Repair a/c 100
To Cash a/c 100
(computer repair charge)
18/09/19 David A/c 100
To purchase Return a/c 100
(goods returned to David)
21/09/19 Bank a/c 300
To Rent received a/c 300
(rent received)
23/09/19 Joseph a/c 400
To sales a/c 400
(credit sales)
23/09/19 Cash a/c 1500
To sales a/c 1500