Recording Business Transaction

Recording Business Transaction

Contents
MAIN BODY..............................................................................................................................................3
Part A......................................................................................................................................................3
PART B...................................................................................................................................................8

MAIN BODY
Part A
a) Write double entry record the transactions in T-accounts
Date Particulars DR CR
1-Sep Computer a/c DR 2000
Bank a/c DR 20000
Cash a/c DR 4200
To capital 26200
2-Sep Purchase a/c DR 800
To Dawson a/c 800
3-Sep New Computer a/c DR 2000
To bank 2000
5-Sep Bank a/c DR 400
To sales a/c 400
6-Sep Purchase a/c DR 400
To cash a/c 400
10-Sep Rent a/c DR 600
To bank a/c 600
12-Sep Repairing a/c DR 100
To cash a/c 100
18-Sep Dawson a/c DR 100
To purchase return a/c 100

21-Sep bank a/c DR 300
To rent a/c 300
23-Sep Joseph a/c DR 400
To sales 400
23-Sep cash a/c DR 1500
To sales 1500
24-Sep Car a/c DR 1000
To bank 1000
30-Sep Wages a/c DR 700
To cash a/c 700
30-Sep Drawing a/c DR 450
To cash a/c 450
b) Balance the accounts and bring down an opening balance
Computer a/c
Dat
e particulars
Amoun
t
Dat
e particulars
Amoun
t
1-
Sep To capital a/c 2000
1-
Sep By balance c/d 2000
2000 2000
Bank a/c
To capital a/c 20000 By new computer a/c 2000
To sales a/c 400 By rent a/c 600