On comparing the cash book with …

On comparing the cash book with passbook of Naman it is found that on March 31, 2013, bank balance of Rs. 40.960 showed by the cash book differs from the bank balance with regard to the following: (a) Bank charges Rs 100 on March 31, 2013, are not entered in the cash book. (b) On March 21, 2013, a debtor paid Rs. 2,000 into the company's bank in settlement of his account, but no entry was made in the cash book of the company in respect of this. (c) Cheques totaling Rs. 12.980 were issued by the company and duly recorded in the cash book before March 31. 2013, but had not been presented at the bank for payment until after that date. (d) A bill for Rs. 6.900 discounted with the bank is entered in the cash book with recording the discount charge of Rs. 800.- (e) Rs. 3,520 is entered in the cash book as paid into bank on March 315 20:13, but not credited by the bank until the following day. (1) No entry has been made in the cash book to record the dishon or on March 15, 2013 of a cheque for Rs. 650 received from Bhanu. Prepare a reconciliation statement as on March 31, 2013.

Features of accounting ?

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

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

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

Accounting equation practical problem so Accounts

Chapter 3 question number 21

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

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.​