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General 50 laser 50 cash book …

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General 50 laser 50 cash book 50 financial statement

Posted by Vineet Tarachandani 2 weeks ago

CBSE > Class 11 > Accountancy

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On 1" January 2021 Mr. Arnav Banerjee decided to start a driving school and also to sell accessories through same place. For this purpose he bought a workshop at a cost of Rs. 20,00,000 and decided to invest Rs. 7,50,000 as a further capital in the proposed business He employed assistants and training staff for this purpose. He wants to start with 5 secondhand cars. For further funds he approached State Bank Of India and secured a loan of Rs18,00,000 @ 10% per annum. The loan was payable in 4 equal instalments along with interest due. Following transactions took place. Particulars Amount (Rs.) 13,00,000 Purchased Cars Security deposited for electricity connection with electricity boa 2,10,000 Purchased Furniture 1,20,000 19,50,000 Fees received from students Bought Car accessories 3,30,000 Sale of Car accessories 4,80,000 Wages paid 2,70,000 3,75,000 Salaries paid Electricity charges 1,42,500 Advertisement Postage and courier 66,000 28,500 General expenses 18,000 Insurance Premium 13,800 Bought Laptop and Printer 90,000 He withdrew Rs. 36,000 per month as drawings and repaid the annual installment of Bank loan with interest due on 31 December 2021. Assume that all the transactions took place through State Bank Of India. You are Required to: (1) Journalise these transactions after considering the following information: (1) Depreciate building by 5% and cars and furniture @10% per annum. (ii) Stationery unpaid Rs. 27,000 (iii) Advertisement include unissued material worth Rs. 12,000 (iv) Insurance prepaid Rs. 4,500 Stock of car accessories Rs. 58,500 (2) Post them into Ledger and Prepare the Trial Balance. (v) (3) Prepare the Financial Statements for the year ended 31 December 2021.(i.e) Trading Profit and Loss account and Balance Sheet. (4) Represent the items of the Balance Sheet in the form of Bar Diagram.

Posted by Janhavi Mudaliar 1 week, 2 days ago

CBSE > Class 11 > Accountancy

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Comprehensive project of class 11

Posted by Subhadarsini Dalai 1 week ago

CBSE > Class 11 > Accountancy

0 answers

Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart/bar diagram.

Posted by Ayush Bhattar 1 week, 3 days ago

CBSE > Class 11 > Accountancy

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The trial balance of Shri Manoj Kumar & Sons in respect of the year ending 31st March 2019 in given below. Prepare with its help Trading and Profit & Loss Account for the year 2018-19 and Balance Sheet on 31st March 2019- Trial Balance (as or 31st March, 2019) Rs. Rs. Stock on 1st April, 2018 43450 Purchases 166580 Purchases Returns 6344 Factory Fuel and Power 1084 Factory Electricity Exp. 784 Factory Wages 19830 Carriage on Purchases 1794 Manufacturing exp 5360 Office Salaries 7490 Travelling Expens es 1850 , sales 252354 sales return 14844 Carriage on Sales 1920 Rent and Rates 3530 Office Expense 5556 Discount 844 Insurance 1140 Capital Amount 186460 Plant and Machinery 110000 Fixtures and Fittings 3440 Cash at Bank 4490 Cash in Hand 136 Debtors 96600 Drawings 13640 Creditors 45380 Bills Payables 12844 Closing stock on 31st March, 2019 was valued at Rs. 33, 160. Depreciation is to be written-off at the rate of 5% on Plant and Machinery and 10% on Fixtures and Fittings. Provisions is to be made for doubtful debts at the rate of 2½% on Sundry Debtors, Rent and Taxes amounting to Rs. 150 were outstanding and Rs. 140 were paid as insurance premiums is advance. Salaries and Wages amounting to Rs. 1,600 and Rs. 700 respectively are yet to be paid. Please solve this.. Posted by Kunwar Kesharwani 1 year, 10 months ago

Posted by Riya Agrawal 2 days, 14 hours ago

CBSE > Class 11 > Accountancy

0 answers

take 40 transaction prepare ledger trial balance financial statements [trading alcohol,profit loss alc balance sheet

Posted by Riddhi Singh 1 week ago

CBSE > Class 11 > Accountancy

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30 transaction with story of sole proprietorship project

Posted by Asma Raza 1 week ago

CBSE > Class 11 > Accountancy

0 answers

General 50 laser 50 cash book 50 financial statement

Posted by Vineet Tarachandani 2 weeks ago

CBSE > Class 11 > Accountancy

0 answers

Being the machinery (cost Rs 2,00,000) recorded, adjusting advance (Rs 20,000), old machine (Rs 10,000 cost) and balance by payment by cheque) (viii)________

Posted by Lalit Chaudhary 8 hours ago

CBSE > Class 11 > Accountancy

0 answers

18 transaction with GST with journal, ledger,trial balance, final accounts

Posted by Akansha Jhala 6 days, 9 hours ago

CBSE > Class 11 > Accountancy

0 answers

The bank has paid insurance premium on standing order Rs.12,400.

Posted by Naman Parjapat 6 days, 1 hour ago

CBSE > Class 11 > Accountancy

2 answers

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