balances extracted from the books of …

balances extracted from the books of R. Dravid & Sons, prepare a Trial Balance as at 31st March, 2017. The amount required to balance should be entered as capital. ₹ 18,20,000 3,50,000 40,00,000 15,000 5,00,000 18,00,000 25,000 2,90,000 8,00,000 5,000 80,000 ₹ 60,000 3,60,000 1,20,000 10,000 20,000 Purchases Stock on 1st April, 2016 Sales Sundry Expenses Leasehold Premises Freehold Premises Return Inwards Furniture and Fixtures Equipment Repairs to Equipment Depreciation Proprietor's withdrawals Sundry Debtors Sundry Creditors Bad Debts Investments @ 10% Interest on Investments Long-term borrowings Loan from U.T.I. Bank Interest on Loan Petty Cash Account Balance at Bank Stock on 31.3.2017 (not adjusted) 65,000 400 34,600 4,60,000

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.​

Chapter 3 question number 21

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

Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

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

Accounting equation practical problem so Accounts

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

Features of accounting ?

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