Ques - Show the accounting process …

Ques - Show the accounting process on the basis of the following transaction 2019-20 Rs 1april Cash in hand 6,000 Cash at bank 55,000 Stock of goods 60,000 Due to Rohan 6,000 Due from Tarun Machinery 10,000 20000 3 april Sold goods to Karuna 15,000 3 may Cash sales 10,000 6 may Goods sold to Heena 5,000 8 may Purchased goods from Rupali 30,000 14 may Cash received from Karuna in full settlement 13,000 15 june Cheque given to Rohan 6,000 16 june Cash received from Heena 3,000 2 july Cheque received from Tarun 10,000 22 july Cheque received from Heena 2,000 5 aug Cash given to Rupali 18,000 2 nov Rent received 1,000 31 dec Paid salary 8,000 7 Jan Carriage Inward 2,000 29 jan Cheque given to Rupali 12,000 31 jan Sanjana took goods for Personal use 4,000 Additional Information: 1.Closing stock Rs 20,000 2.Depreciation on Machinery 10% p.a 3.Outstanding salaries Rs 1,500 4.Prepaid Rent received Rs 1,000

Features of accounting ?

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

Accounting equation practical problem so Accounts

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.

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price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

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

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.​

Paid cash to kamlesh rs 15000

Chapter 3 question number 21