On 1st April, 2020 Mr Veer …

On 1st April, 2020 Mr Veer Das decided to start a driving school and also to sell car accessories through same place. For this purpose he bought a workshop at a cost of ₹20,00,000 and decided to invest ₹7,50,000as a further capital in the proposed business. He employed assistants and training staff for this purpose. He wants to start with 5 second hand cars. For further funds he approached Punjab National Bank and secured a loan of ₹18,00,000@ 10% per annum. The loan was payable in 4 instalments along with interest due.                     particulars                                                                                                         ₹ Purchased cars                                                                                                                       13,00,000       Security deposited for electricity connection with electricity board 60,000 Security deposited with BSNL for telephone and Internet connection 150,000 Purchased furniture                                                                                                               1,20,000 Fees received from students                                                                                               19,50,000 Bought car accessories                                                                                                           3,30,000 Sale of car accessories                                                                                                            4,80,000 Wages paid                                                                                                                              2,70,000 Salaries paid                                                                                                                            3,75,000 Electricity charges                                                                                                                    1,42,500 Advertisement 66,000 Postage and call 28,500 General expenses 18,000 Insurance premium 13,800 Bought laptop and printer 90,000 He withdrew₹36,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st march2021. Assume all transactions took place through Punjab National Bank. You are required to Journalise these transactions after considering the following                        information Depreciate building by 5% and cars and furniture @         10% per annum                             (ii) Stationery unpaid 27,000     (iii)Advertisement include unissued material worth                          12,000.                          (iv)Insurance prepaid 4,500     (v)Stock of car accessories 58,500. Can anyone tell me the answer of this plss

Which method is best

Define provision

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Kuldeep, general merchant, keeps his accounts on that informatio the results of his business on alat March, 2023 and for that following information is ava 1st April, 2022 (1) 1,50,000 31st March, 2023 1,75,000 Cash in Hand 7,50,000 Bank Balance Furniture Stock 6,50,000 Creditors 3,50,000 Debtors 2.50,000 3,00.005 During the your, he had withdrawn ₹5,00,000 for his personal use and as additional capital. Calculate his profits on 31st March, 2023 and Stateme of Affairs as on that date. invested ₹25000円 (Profit - 74 ,75,000)

Difference between expenses and expenditure

On 1st may 2020 cash book bank overdraft balance was ₹4000 on depositing ₹20,000 into bank and giving a cheque of ₹14,400 for rent the balance will be

the following is the trial balance of Zoya steel limited on 31st March 2018 as required to prepare accounting profit and loss account balance sheet as on that date after considering the following adjustment

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The following is the trial balance of Zoya steel ltd. As on 31st March 2018

What is n8n current assets