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Question No 29 Chapter No 4
29. Prepare “T” Shape account of the creditor ‘Shoaib’ and write the following transaction on proper Side:
| (i) Purchased goods from Shoaib on credit for Rs 80,00 |
| (ii) Cash paid to Shoaib Rs 45,000 |
| (iii) Purchased goods further from Shoaib Rs 35,000 |
| (vi) Goods returned to Shoaib Rs 12,000 |
| (v) Cheque issued to Shoaib For Rs 33,000 |
| Dr. | Cr. | ||||||
| S. No | Particulars |
J.F. | Amount | S. No | Particulars |
J.F. | Amount |
|---|---|---|---|---|---|---|---|
| (i) | Purchased goods from Shoaib on credit | 80,000 | (ii) | Cash paid to Shoaib | 45,000 | ||
| (iii) | Purchased further goods from Shoaib | 35,000 | (vi) | Goods return to Shoaib | 12,000 | ||
| (v) | Cheque issued to Shoaib | 33,000 | |||||
| Shoaib Balance | 25,000 | ||||||
| 1,15,000 | 1,15,000 | ||||||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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