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Thank you for your interest in LiveHelpNow Help Desk Suite! Would you prefer us to text you? No, continue here Do you have an existing LiveHelpNow account? NoThank you for your interest in our products! Are you interested in learning more about LiveHelpNow customer service suite? YesThank you for your interest! Please don't forget to ask me about SMS chat, secure information exchange with secure forms, whisper, our flawlessly integrated support ticket and knowledge base products and Live Help Bot! We will try to connect you... Unfortunately live agents are not available. Our normal chat support hours are 7AM to 8:00PM EST Monday - Thursday and 7AM to 4:30PM EST on Fridays. You may call us at 877-548-3001 or leave us a message. Would you like to leave us a message? Yes Please provide your name johnsn Thank you, johnsn! Can you please provide your email? johnsn547@gmail.com How can we help today? murli draws a bill of exchange for rs.500 at three months on manahor. on the same date monohar draw on murli a similiar bill for rs 500. both parties accept the bills and get discounted at bank at 5% on the due date the bills are met. give ledger accounts in the books of the two parties.

Paid cash to kamlesh rs 15000

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

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.

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

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

Chapter 3 question number 21

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

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.​

Accounting equation practical problem so Accounts