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.

20 transaction journal with GST and posting into ledger account

Place order for goods from Rohit of 300000 along with advance of 10000 in cash jounral entry solution

Why we need accounting?

accounting equation solution received an order for the sale of goods ₹30000

Place order for goods from Rohit of 300000 along with advance of 10000 in cash

What is the nature of accounting

shyam started a manufacturing business with cash ₹ 10,00,000; goods ₹ 2,00,000 and furniture of ₹ 1,00,000. he opened a bank account with hdfc bank in the name of the firm by depositing ₹ 60,000. the following transactions took place: (a) goods purchased in cash ₹ 80,000 and on credit ₹ 50,000. (b) goods were sold in cash ₹ 1,00,000 and on credit ₹ 50,000 at cost price plus 25%. (c) cash paid to creditors on account ₹ 30,000. (d) cash received from debtors ₹ 10,000. other information (a) debtors have deposited 50 % of the remaining amount in firm’s bank account. bank charges ₹2,000 were charged by bank for services provided. 1.how much total profit made the him? 2.what is the amount of sales? 3.how much total capital brought by mr. shyam to start the business in the beginning? 4.how much amount is yet to be paid to the creditors? 5.what is the amount of goods left?

Create a story with 25 transactions of a sole proprietorship in paragraph form

Why we need accounting

Raju is dealer in furniture.show the accounting equation for the following transaction Started business with cash 1,00,000 deposited cash in bank 60,000 borrowed loan from bank 25,000 Bought goods and paid by cheque 10,000 cash withdrawn for personal use 5,000 cash withdrawn from bank for office use 3,000