Practice question 7: Prepare General journal of B.I.K.

Practice question 6: Prepare 3 special journal of Buygamebucks.pk

Buygamebucks.pk is sole proprietor, carrying on a trading business of Games and gift cards. Following are the details of transactions for the month July 20XX.

What is a journal entry?

In accounting General journal serves as the base of Financial statements. When a business transaction takes place, it is recorded in the General Journal by passing a journal entry.

Practice Question 5: Acquisition of Personal computers.

Difficulty level: Normal.

On July 1st 20XX,
Mr Hussnain acquired 10 computer system having a list price of Rs. 140,400 each from “Qualitative computers”. following are the other transactions related to this acquisition.

Practice question 4: Prepare general journal of Mr. Sadequaine a sole trader.

Difficulty level: Low

Mr Sadequaine is the owner of his General Store and deals in various general products. Following are the details of transaction for January 20XX.