PREPARE JOURNAL LEDGER AND TRIAL BALANCE On 14 November 2023 Mr. Rays started a Readymade...
90.2K
Verified Solution
Link Copied!
Question
Accounting
PREPARE JOURNAL LEDGER AND TRIAL BALANCE On 14 November 2023 Mr. Rays started a Readymade garments business in Laval, Quebec Mr. Rays invested S 200000. November 2- Cash deposited into the bank \$.20000. November 2. Goods purchased for cash \$ 50000 at 10% trade discount. November 3-Sewing Machinery Purchased for cash \$.25000. November 10- Goods purchased from Dinesh \& company 5.12500 at 10% trade discount. November 12-Goods Sold to Mo \& Brother $.20000 at 20% trade discount November 18- Cheques received from Mo and brother $.8000 and deposited into Bank same day. November 26 Cash paid to Din and company S. 15000. November 30 Salary $5000 Rent $.6000 paid by cheque
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
