Q journalise the following transations and …

Q journalise the following transations and post then post into ledger 1 capital introduce costing 1400000; 2 deposited into bank costing 960000; 3 purchased building in cash costing 400000; 4 loan taken from bank costing 1200000; 5 paid 1 instalment of bank loan (400000 principle + 120000interest); 6 purshases machines and equipment costing 1600000+cgst and SGST@18%each payment were made by cheque; 7 paid cost 4000 for electricity connection payment were made by cheque; 8 purchases computer costing 390000 plus cgst and sgst @ 9%each payment were made by cheque; 9 paid cost 10000 with VSNL for internet commection payment were made by cheque; 10 furniture and frixture costing 100000 plus cgst and sgst @ 14 %each payment were made by cheque; 11 advertising expense costing 18000 payment were made by cheque; 12 total revenue realised ( services were provided charging cgst and sgst @ 6% each ) is come in cash to be deposited in the bank on the same day; 13 outstanding electricity charges ( gst not applicable ) costing 124000; 14 Telephone expanse costing 34000 plus cgst and sgst @6% each payment were made by cheque; 15 petty expenses costing 48000 plus cgst and sgst @ 6% each payment were made by cheque; 16 Entertainment expenses costing 40000 plus cgst and sgst @ 6% each payment were made by cheque; 17 Maintanence expanses costing 40000+ cgst and sgst @ 6% each payment were made by cheque; 18 Purshasesof fitness magazine cd's costing 220000 payment were made by cheque; 19 wages paid costing 126000 by cheque; 20 outstanding salary costing 372000; 21 Drawing costing 288000

Chapter 3 question number 21

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

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

Features of accounting ?

Accounting equation practical problem so Accounts

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

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

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.

Paid cash to kamlesh rs 15000

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.​