Commerce Exam > Commerce Questions > Make 30 business transactions which are simpl...
Start Learning for Free
Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance?
Most Upvoted Answer
Make 30 business transactions which are simple and do not consist of t...
Simple Business Transactions
Here are 30 simple business transactions suitable for your project. Each transaction involves minimal ledger accounts to facilitate your journal, ledger, and trial balance preparation.
1. Owner Investment
- The owner invests $5,000 in cash.
2. Equipment Purchase
- Purchase equipment for $1,500 cash.
3. Office Supplies Purchase
- Buy office supplies for $200 on credit.
4. Service Revenue
- Earn $800 from services rendered.
5. Rent Payment
- Pay $1,000 for monthly rent.
6. Utility Bill Payment
- Pay $150 for utilities.
7. Inventory Purchase
- Purchase inventory for $600 cash.
8. Received Cash from Debt
- Receive $300 cash from a customer for a prior sale.
9. Salary Payment
- Pay $1,200 in salaries.
10. Advertising Expense
- Spend $400 on advertising.
11. Interest Income
- Earn $50 interest from a bank deposit.
12. Loan Received
- Receive a loan of $2,000 from the bank.
13. Loan Repayment
- Repay $500 of the bank loan.
14. Purchase of Vehicle
- Buy a vehicle for $10,000, paying $2,000 cash and financing the rest.
15. Sale of Old Equipment
- Sell old equipment for $300 cash.
16. Customer Refund
- Refund $100 to a customer.
17. Depreciation Expense
- Record $200 depreciation on equipment.
18. Office Rent Received
- Receive $600 rent from a tenant.
19. Purchase of Software
- Buy software for $500 cash.
20. Commission Earned
- Earn $350 in commissions.
21. Purchase of Furniture
- Buy office furniture for $1,000 on credit.
22. Payment to Supplier
- Pay $400 to a supplier for previous purchases.
23. Cash Sale
- Make a cash sale of $1,200.
24. Purchase of Insurance
- Pay $600 for a yearly insurance premium.
25. Equipment Maintenance
- Spend $150 on equipment maintenance.
26. Discount Received
- Receive a $50 discount from suppliers.
27. Investment Income
- Earn $200 from investments.
28. Office Rent Expense
- Record $500 as office rent expense.
29. Payment of Taxes
- Pay $300 in taxes.
30. Owner Withdrawal
- The owner withdraws $1,000 cash for personal use.
These transactions will provide a comprehensive view of common business activities, making it easier to create your journal and ledger.
Here are 30 simple business transactions suitable for your project. Each transaction involves minimal ledger accounts to facilitate your journal, ledger, and trial balance preparation.
1. Owner Investment
- The owner invests $5,000 in cash.
2. Equipment Purchase
- Purchase equipment for $1,500 cash.
3. Office Supplies Purchase
- Buy office supplies for $200 on credit.
4. Service Revenue
- Earn $800 from services rendered.
5. Rent Payment
- Pay $1,000 for monthly rent.
6. Utility Bill Payment
- Pay $150 for utilities.
7. Inventory Purchase
- Purchase inventory for $600 cash.
8. Received Cash from Debt
- Receive $300 cash from a customer for a prior sale.
9. Salary Payment
- Pay $1,200 in salaries.
10. Advertising Expense
- Spend $400 on advertising.
11. Interest Income
- Earn $50 interest from a bank deposit.
12. Loan Received
- Receive a loan of $2,000 from the bank.
13. Loan Repayment
- Repay $500 of the bank loan.
14. Purchase of Vehicle
- Buy a vehicle for $10,000, paying $2,000 cash and financing the rest.
15. Sale of Old Equipment
- Sell old equipment for $300 cash.
16. Customer Refund
- Refund $100 to a customer.
17. Depreciation Expense
- Record $200 depreciation on equipment.
18. Office Rent Received
- Receive $600 rent from a tenant.
19. Purchase of Software
- Buy software for $500 cash.
20. Commission Earned
- Earn $350 in commissions.
21. Purchase of Furniture
- Buy office furniture for $1,000 on credit.
22. Payment to Supplier
- Pay $400 to a supplier for previous purchases.
23. Cash Sale
- Make a cash sale of $1,200.
24. Purchase of Insurance
- Pay $600 for a yearly insurance premium.
25. Equipment Maintenance
- Spend $150 on equipment maintenance.
26. Discount Received
- Receive a $50 discount from suppliers.
27. Investment Income
- Earn $200 from investments.
28. Office Rent Expense
- Record $500 as office rent expense.
29. Payment of Taxes
- Pay $300 in taxes.
30. Owner Withdrawal
- The owner withdraws $1,000 cash for personal use.
These transactions will provide a comprehensive view of common business activities, making it easier to create your journal and ledger.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance?
Question Description
Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance?.
Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance?.
Solutions for Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? defined & explained in the simplest way possible. Besides giving the explanation of
Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance?, a detailed solution for Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? has been provided alongside types of Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? theory, EduRev gives you an
ample number of questions to practice Make 30 business transactions which are simple and do not consist of too many ledger accounts because i am making a project to make journal of 30 transaction then ledger then trial balance? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup