jurnalize the following transactions in the …

jurnalize the following transactions in the books of M/s Kalyan Enterprise: i purchascd goods from Rama and Sons, Delhi of list price rs.50,000 at 20% trade discount and 3% cash discount. Paid CgsT and SGST at 6 % cach 75 % of the/paymcnt was made immediately by cheque. Sold to Rarmesh and Co. Chandigarh goods of list price rs. 40,000 at 15 % trade discount and 3% cash discount on value(cost) of goods. Charged IGST @12%. Ramesh aund Co. paid the full amount by cheque and availed the cash discount. Ts.10,000 at 25 % profit, allowing 10 % 3 sold to Rajat and Co. Chennai goods costing trade discount and 2.5 % cash discount. Charged IGST @12 %. Rajat and Co. made 60 payment immnediately. 4 sold goods of list price rs.50,000 less 20 % trade discount. Charged IGST @12 %. Cash discount allowed @2 % against cheque payement.

Paid cash to kamlesh rs 15000

Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.

Show the Accounting equation for the following transaction (i)Gopinath started business with cash

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

Accounting equation practical problem so Accounts

Features of accounting ?

Chapter 3 question number 21

Illustration 62. Given below is the Balance Sheet of Krishna & Suresh who are partners in a firm sharing profits in the ratio of 3 : 2: Liabilities Amount Creditors Bank Overdraft Investment Fluctuation Fund Contingency Reserve Capital A/c : Krishna Suresh 30,000 20,000 21,000 2,000 6,000 5,000 50,000 84,000 Assets Plant Patents Furniture Investments (Market value Stock Debtors Cash 14,000) Amount (₹) 30,000 5,000 3,000 15,000 13,000 17,000 1,000 84,000 Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.​

Started business with cash RS 90000 stock 30,000 Purchase परचेज फर्नीचर परचेज फर्नीचर फॉर कैश फॉर कैश 15000 में चेक पैड कैरिंग चार्ज रुपीस 1000 इन कैश सोल 1 की 2 का अबोव स्टॉक तो राम ऑन क्रेडिट रिसीव फ्रॉम राम आफ्टर ए डिस्काउंट का 200 रेंट पैड रुपीस 7000 आउट ऑफ़ व्हिच 2000 इस प्रिपेयर्ड

What is bad depts and how we can show in journal and ledger