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Q32. Enter the following transaction in …

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Q32. Enter the following transaction in two column cash book with cash and bank column of Mr. Nirmala 2018 January 1 Cash in hand Bank overdraft 4 Sold goods for cash 5 Cash deposited into Bank 6 Purchased goods from Meena 7 Cheque issued to Meena in full settlement 8 Withdrawn from bank for personal use Sold goods to Ajay and cheque received from him 12 Cheque received from Ajay deposited into bank 17 23 30 Received cash from Ramesh Rs. 70,000 50,000 50,000 80,000 30,000 28,800 5,000 25,000 28,000 Deposited into bank the entire balance after retaining Rs. 5,000 cash in business. 2017

Posted by Harsh Harsh 11 months, 1 week ago

CBSE > Class 11 > Accountancy

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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.

Posted by Arya Patel 3 months, 3 weeks ago

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