Journalise the following transactions in the journal of Mr.Jesu and Mr.Ravi. 2004, as partners they started business, October 1 with 25,000 and 15,000 respectively. Oct 5-Opened a current account with BOI 40,000 Oct-10paid rent by cheque for 2,500 Oct-15 Machinery purchased for 20,000 by cheque Oct-20 Amount withdrawn from bank 3,000

Journalise the following transactions in the journal of Mr.Jesu and Mr.Ravi. 2004, as partners they started business, October 1 with 25,000 and 15,000 respectively. Oct 5-Opened a current account with BOI 40,000 Oct-10paid rent by cheque for 2,500 Oct-15 Machinery purchased for 20,000 by cheque Oct-20 Amount withdrawn from bank 3,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter19: Accounting For Partnerships

Section: Chapter Questions

Problem 1SEB

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