Pass the necessary journal entry to …

Pass the necessary journal entry to rectify following errors. 1. Goods for Rs. 800 purchased from Umakant, though entered in the purchase book, has not been posted to his account. 1 To SL a 2. A discount of Rs. 3,742 allowed to a customer has been credited to him as Rs. 3,648. b 3. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in the Sales book, but posted to the Company's A/c as Rs. 260. no es con su nob С d 4. Goods worth Rs. 100 were purchased from Prakash but the amount was entered in the Sales Book. The account of Prakash was correctly credited. Prakti hot te amo vo 5. Credit purchases from Nanak Rs. 7,000 were recorded in Sales Book. However, Nanak's Account was correctly credited. 6. An Item of Rs. 120 in respect of purchase returns, instead of recorded in Returns outward book has been wrongly entered in the purchase book and posted therefrom to the debit of Personal A/c. 7. Amount payable to Subhash for repairs done to radio Rs. 180 and a new radio supplied for Rs. 1,920, were entered in the Purchase book as Rs. 2,000. 8. Cash Sales to Ram Lal for Rs. 1,200 were recorded in Cash Book as well as in Sales Book and were posted from both.

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

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

Features of accounting ?

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.​

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

Accounting equation practical problem so Accounts

Chapter 3 question number 21

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