No products in the cart.

Give five transaction which effect on …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Give five transaction which effect on purchase dicrease in trading A/C( financial statements) and also give its adjestment.
  • 1 answers

Vandana Aggarwal 5 years, 4 months ago

Goods given as free samples Goods given for charity Goods used for personal use Goods destroyed by fire or any natural calamity or loss of goods due to theft Purchase returns. If any of the first of four items is given in adjustments then deduct the amount from purchases in Trading A/c and show the second effect on the dr side of profit and loss a/c as advertisement expenses or charity or loss due to fire or theft....for goods used for personal use first treatment will be same and for second it will be deducted from capital as drawings in balance sheet. Purchases returns given in trial balance are deducted from purchases in Trading A/c to get net purchases.
http://mycbseguide.com/examin8/

Related Questions

Define provision
  • 1 answers
sum
  • 0 answers
What is n8n current assets
  • 1 answers
Which method is best
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App