Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. provide the journal entries for the following alon

Provide the journal entries for the following along with detailed narration in the books Tristar...

90.2K

Verified Solution

Question

Accounting

Provide the journal entries for the following along with detailed narration in the books Tristar Industries Ltd.

05 January 2023Commenced business by issuing equity capital worth 25 lakhs. This amount was transferred to the current account of the business.07 January 2023Purchased goods worth 150000 on credit from Ms. Greenest Co.11 January 2023Sold goods to Ashray Co. for 575000 on credit.13 January 2023Purchased Machinary worth 725000 from ICK and cheque was issued to them for the full payment.20 January 2023Purchased shares of ALZ Ltd. for 345000 for long term investment.29 January 2023Paid salaries 125000 and rent 35500 from the bank account of business

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use what you know abou radical functions to graph f x x 4 Rubric 1...

Geometry
Q

State the property or properties used to rewrite each expression log 3x log log 3x

Geometry
Q

7 On October 28 2024 a company committed to a plan to sell a division...

Basic Math
Q

Mellissa plotted the graph of a function The function contains the points 2 4 and...

Basic Math
Q

Find the absolute maximum and minimum values of the function subject to the given constraints...

Calculus
Q

The following schedule relates the income statement with cash flows from operating activities, derived by...

Accounting
Q

Please answer the following question. You can create an excel sheet or a word document...

Accounting
Q

Exercise 10-10 (Part Level Submission) Whitmore Company issued $534,500 of 5-year, 9% bonds at 95...

Accounting
Q

Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,650,000 in...

Accounting
Q

8-1 EXPECTED RETURN A stock's returns have the following distribution: Assume the risk-free rate is...

Finance
Q

With a simple example of your own (not mine), explain what this means: One of...

Finance
Q

It is all one question please answer all of it and the image is clear....

Accounting