Class: 8
Accounting
CT-2
Time: 20 Minutes
Marks: 10
Name: ……………………………………………………………………… Roll: ……… Sec: ……..
i)
Complete the table:
Transactions
[8]
Accounts to be debited with
amount ($)
Accounts to be credited with
amount ($)
a. Sold goods to Karib Ltd. $67000
b. Received cash from Karib Ltd. $50000
c. Bought Office Firnitures in cash
$75000
d. Salaries paid by cheque $ 90000
ii) Prepare Karib Ltd.’s account and calculate the balance.
Karib Ltd.’s Account
[2]