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    • Posted by Prince Kumar 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Prince Kumar 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Hariom Tiwari 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Tanvi Garg 2 years, 2 months ago

    Bank A/c Dr to customer personal A/c

    0Thank You

    Waheed Ahmad 2 years, 2 months ago

    Bank a/c Dr to creditor

    0Thank You

    Lakshika Mahara 2 years, 3 months ago

    Received A/c To cash A/c

    0Thank You

    ANSWER

    • Posted by Hema Balan 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Jia Chandwani 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Charul Dhote 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Chavi Sharma 2 years, 3 months ago

    Cash ac dr to rakesh ac

    2Thank You

    ANSWER

    • Posted by Sonal Tawri 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Swati Parajapati 2 years, 3 months 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..

    5Thank You

    ANSWER

    • Posted by Maira Laiq 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Hariom Tiwari 2 years, 3 months ago

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

    0Thank You

    Adarsh Kumar 2 years, 3 months ago

    Bhut how

    1Thank You

    Kumar Karan 2 years, 3 months 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

    2Thank You

    ANSWER

    • Posted by Jassu Jasmine 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Kumar Karan 2 years, 3 months ago

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

    0Thank You

    Kumar Karan 2 years, 3 months ago

    Cash a/c. ...dr 1250 Dis all a/c ...dr 250 To Raman's a/c 1,500

    0Thank You

    ANSWER

    • Posted by Manish Pandey 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Amit Patel 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Amit Patel 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER
    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.

    • Posted by Devil Bro 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Akash Gupta 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Biswajit Pattnaik 2 years, 3 months ago

    I don't know the any thing in accounting

    0Thank You

    Biswajit Pattnaik 2 years, 3 months ago

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    0Thank You

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    • Posted by Jashan Preet Singh 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Rishi Sahu 2 years, 3 months ago

    Journal

    1Thank You

    Simranjotsekhon126Gmail Sekhon 2 years, 3 months ago

    What is account?

    1Thank You

    ANSWER

    • Posted by Jashan Preet Singh 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Chetan Sharma 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Zakiya Tarannum 2 years, 3 months ago

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

    0Thank You

    Avni Aggarwal 2 years, 3 months ago

    Journal entry : Drawings A/c ............dr To cash A/c (Being withdrew money from office for personal use)

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    • Posted by Prabhkaur Dhindsa 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Adarsh Kumar 2 years, 3 months 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

    0Thank You

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    • Posted by Prabhkaur Dhindsa 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Prabhkaur Dhindsa 2 years, 3 months ago

    Tell

    1Thank You

    ANSWER
    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

    • Posted by Account Deleted 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Muskan Raghuwanshi 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Muskan Raghuwanshi 2 years, 3 months ago

    Solution

    1Thank You

    ANSWER

    • Posted by Saloni Maurya 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Arman Brar 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Deeksha Sharma 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Rishi Sahu 2 years, 3 months ago

    Bases of accounting

    0Thank You

    ANSWER
    COMPREHENSIVE PROJECT Rocky completed his post-graduation from IIM Ahmadabad with masters in Business Administration (MBA) and International Relations. He has decided to purchase an existing business in the Chennai which has been adversely affected by the flood. He is extremely inclined towards providing employment to the people in the affected areas nearby. The owners are in no position to recover the former condition of the factory and have therefore decided to sell it Rocky purchased the business of Adheera, on 1st April 2018. The business is mainly concerned with manufacturing electronic goods i.e. Pen Drives, Battery Chargers, USB Cables etc. Following assets were taken over by Rocky on the above mentioned date: Land and Building Plant and Machinery Furniture & Fittings 80,000 25,000 30,000 Stock Office Equipment 10,000 Rocky paid 2,50,000 as purchase consideration. On the same day he brought 2,00,000 as his capital and took loan ₹50,000 from the bank @ 8% p.a. interest and 20,000 from his Friend Garuda @ 6% p.a. interest to meet the working capital. His transactions during the accounting period were as follows: 1. Total Purchases 2,80,000 including credit purchases worth ₹2,00,000. 2. He invested 20,000 in shares of KGF Limited. Total Sales 4,80,000 including credit sales worth 1,80,000. 3 Direct Expenses: . Wages 35,000 5,000 Manufacturing expenses Factory Lighting 2,000 Carriage inwards 1,000 Commission on purchases 1,500 Freight 5,000 Indirect Expenses: ₹ 20,000 Salaries Office Rent 1,000 Postage and Telephone exp 500 Stationery 300 Water & Electricity (office) Conveyance 200 800 Advertising 200 He withdrew 26,000 from the business to buy a personal Laptop, (11) Goods worth ₹3,000 given as free samples, (iii) Cash received from debtors 10,000. (iv) Cash paid to Creditors ₹1,20,000. (v) Interest paid on Bank Loan ₹2,800. (vi) Interest paid on Friend's Loan ₹1,000. (vii) Bills Receivable received from debtors ₹8,000. (viii) Bill accepted in favour of creditors ₹10,000. (viii) Interest received on investment ₹1,000. You are required to: a) Give journal entries for these transactions and post them into ledger account

    • Posted by Randi Ram 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Krish Paliwal 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Chingte Te 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Rohit Rai 2 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Suresh Chand 2 years, 4 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Krish Paliwal 2 years, 4 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Krish Paliwal 2 years, 4 months ago

    Give answer

    25Thank You

    ANSWER

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