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  • 2 answers

Waheed Ahmad 1 day, 20 hours ago

Bank a/c Dr to creditor

Lakshika Mahara 4 days, 21 hours ago

Received A/c To cash A/c
  • 1 answers

Swati Parajapati 1 week, 6 days ago

Loses mean when our good are lost , theft or destroy by fire or expense mean when we paid money for use service or good . Eg:- rent, hotel etc..
  • 3 answers

Hariom Tiwari 5 days, 13 hours ago

Ram a/c Dr. 40,000 Discount allowed Dr. 4,720 To sales a/c 35,280

Adarsh Kumar 1 week, 4 days ago

Bhut how

Kumar Karan 1 week, 6 days ago

Cash a/c ...dr. 8,820 Ram acc. ...dr. 26,460 To cash disc. allowed a/c .....dr. 720 To sales a/c. 34,560
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Kumar Karan 1 week, 1 day ago

Cash a/c dr. 1250 Disc. allowed a/c dr.250 To raman's a/c. 1500

Kumar Karan 1 week, 6 days ago

Cash a/c. ...dr 1250 Dis all a/c ...dr 250 To Raman's a/c 1,500
Journal Entries and Ledger Prep Default (GPT-3.5) User SITUATION On 1st January, 2016 Mr Veer Das decided to start a driving school and also to sell car accessories through same place. For this purpose he bought a workshop at a cost of 20,00,000 and decided to invest ₹ 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 second hand cars. For further funds he approached Punjab National Bank and secured a loan of 18,00,000 @ 10% per annum. The loan was payable in 4 instalments along with interest due. Purchased cars. 13,00,000 Security depsoited for electricity connection with electricity board 60,000. Security deposited with BSNL for telephone and Internet connection 1,50,000 Purchased furniture 1,20,000 Fees received from students19.50,000 Bought car accessories 3,30,000 Sale of car accessories4,80,000 Wages paid2,70,000 Salaries paid 3,75,000 Electricity charges1,42,500 Advertisement66,000 Postage and call28,500 General expenses 18,000 Insurance premium13,800 Bought laptop and printer 90,000 He withdrew 36,000 per month as drawings and repaid the annual instalment of bank loan along with interest due to 31st December, 2016. Assume all transactions took place through Punjab National Bank. 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 27,000 (iii) Advertisement include unissued material worth 12,000. (iv) Insurance prepaid 4,500 (v) Stock of car accessories 58,500. (2) Post them into ledger and prepare trial balance.
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Biswajit Pattnaik 2 weeks, 2 days ago

I don't know the any thing in accounting

Biswajit Pattnaik 2 weeks, 2 days ago

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  • 2 answers

Rishi Sahu 2 weeks, 3 days ago

Journal
What is account?
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  • 2 answers

Zakiya Tarannum 6 days, 23 hours ago

drawings A/C. ...... dr to cash A/C ( being cash withdrew from office fo personal use )

Avni Aggarwal 2 weeks, 4 days ago

Journal entry : Drawings A/c ............dr To cash A/c (Being withdrew money from office for personal use)
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Adarsh Kumar 1 week, 4 days ago

1. Cash A/C Dr 5,00,000 To capital a/c 5,00,000 2. Land and building A/c Dr 1,00,000 To cash A/c 1,00,00 3. Furniture A/c Dr 15,000 To Mahesh 15,000 4. PurchaseA/c Dr 2,000 To Rajesh 2,000 5. Advertisement expense A/c Dr 500 To cash A/c 500 6. Commission A/c Dr 400 To cash A/C 400
Journalise the following transactions in the books of Z & Co 2023 : April 1 Started the year with L & B 15,00,000, P & M 800,000, F & F 600,000, Stock 450,000, Drs 300,000, Cash 300,000, Bank 600,000, Accrued Interest 10,000, 12% Loan 15,00,000, B/P 50,000, Crs 100,000, Bank OD 40,000, O/S Rent 10,000 2 Received a Cheque from P & allowed him Discount 5%. Amount due 200,000 4 Above Cheque was deposited 5 Purchased Goods from W 200,000 @ 10% Discount & paid 60% of the amount due & obtained 5% Discount 6 Invested 100,000 in FD @ 9% 7 Purchased a new Machine worth 130,000 from M Ltd in exchange of old Machine with Book Value 55,000 & exchange value of 40,000. Balance amount was settled by cheque 8 Purchased 6 Laptop @ 30,000 from L at 5% Discount & paid 30% of the consideration by cheque. One Laptop was taken for personal use 12 Purchased 400 Sh of M Ltd @ 120 & paid 5% Brokerage from Bank 14 Cheque issued to M was dishonored along with Bank charges of 300 16 Sold Goods to G purchased from P at 20,000 at 20% Profit 17 Fresh cheque was issued to M 18. 40% of the goods were returned by G which was returned to P 20 Good Destroyed by Fire CP 60,000, SP 75,000 22 Paid Rent 70,000 which includes O/S Rent 10,000 & Prepaid Rent amounting to 25,000 24 Paid Elec Bill from Personal Cash 15,000 (1/5 personal use) 25 Imported P & M 38,000 from N & paid 1,500 import duty, 1000 on Transportation & 500 on a/c of installation 27 Signed a 50,000 Contract with E 28 D, a Dr became insolvent & only 25% could be recovered from him in Cash. Amt Due 5,000 29 Stock Pilferage 2,000, Cash Stolen 1,700 30 Goods taken for personal use CP 1,300 & SP 1,550 30 Interest charged 30 Insurance Co approved 70% of the Claim & issued a cheque
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