With 2018 Oct. 1 Commenced business …

With 2018 Oct. 1 Commenced business with cash 90.000 Oct. 2 Bought goods for cash UST 1627 Oct. 4 Opened a bank account in State Bank of India Oct. 5 Sold goods for cash 19% GST 15.06 13.500 15,000 Oct. 6 Purchased goods from Disha GST 21.000 2,100 3009 Oct. 7 Sold goods to Anirudh GST Oct. 8 Purchased furniture 65 6,000 18.000 Oct. 9 Purchased machinery Oct. 10 Paid cash to Disha 6 6 ST LY 657 15,000 15,000 Oct. 12 Sahil sold goods to us . ST Oct. 14 Rajeev purchased goods from us. 6,000 Oct. 18 Paid salary by cheque 6 ST 2,400 2,100 Oct. 22 Withdrew from Bank for personal use Oct. 23 Cash received from Anirudh Oct. 26 Paid electricity bill of the proprietor's house by cheque GST 450 Oct. 31 Received commission 6 GST Note: All the transactions related to sales, purchases and commission are subjected to levy of CGST and SGST @6% each.

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.​

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

Accounting equation practical problem so Accounts

Paid cash to kamlesh rs 15000

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

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

Features of accounting ?

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

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