Question

1) Bank voucher: The company is established with a payment of NOK 300 in share capital to the company's bank deposit account. 2) Incoming invoice: The company receives an invoice for rent of NOK 10. 3) Bank voucher: The company borrows NOK 200 from the company's owner. The loan is short term. 4) Bank voucher: The company pays salaries to employees in cash with NOK 24. 5) Incoming invoice: The company buys goods on credit for NOK 180. 6) Outgoing invoice: The company sells goods on credit for NOK 332. 7) Opening invoice: The company receives an invoice on electricity, NOK 5. 8) Incoming invoice: The company receives an invoice on advertising documents in the local newspaper, NOK 9. 9) Bank vouchers: The company pays NOK 135 to the goods suppliers. 10) Bank vouchers: Some of the customers settle for themselves, and the company receives payments of NOK 250. 11) Bank vouchers: The company pays an invoice on rent. 12) Bank voucher: The company pays an invoice on electricity. 13) Bank voucher: The company repays the loan to the owner with NOK 70. 14) Internal voucher: The value of the inventory as measured at cost is NOK 78.

how to account these attachments ?

Answer 1

1) BANK RECEIPT VOUCHER

BANK ACCOUNT DR 300NOK (Assests - Cash & Bank Balance)

TO SHARE CAPITAL/OWNER'S FUND CR 300NOK (Common Fund)

(BEING THE AMOUNT DEPOSITED IN THE BANK ACCOUNT AT THE TIME OF ESTABLISHING THE COMPANY)

2) INCOMING INVOICE

RENT EXPENSES ACCOUNT DR 10NOK (Indirect Expenses)

RENT ACCOUNT PAYABLE CR 10NOK (Account Payable - Liabilities)

(BEING THE RENT PAYABLE AGAINST THE INVOICE)