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Q journalise the following transations and post then post into ledger 1 capital introduce costing 1400000; 2 deposited into bank costing 960000; 3 purchased building in cash costing 400000; 4 loan taken from bank costing 1200000; 5 paid 1 instalment of bank loan (400000 principle + 120000interest); 6 purshases machines and equipment costing 1600000+cgst and SGST@18%each payment were made by cheque; 7 paid cost 4000 for electricity connection payment were made by cheque; 8 purchases computer costing 390000 plus cgst and sgst @ 9%each payment were made by cheque; 9 paid cost 10000 with VSNL for internet commection payment were made by cheque; 10 furniture and frixture costing 100000 plus cgst and sgst @ 14 %each payment were made by cheque; 11 advertising expense costing 18000 payment were made by cheque; 12 total revenue realised ( services were provided charging cgst and sgst @ 6% each ) is come in cash to be deposited in the bank on the same day; 13 outstanding electricity charges ( gst not applicable ) costing 124000; 14 Telephone expanse costing 34000 plus cgst and sgst @6% each payment were made by cheque; 15 petty expenses costing 48000 plus cgst and sgst @ 6% each payment were made by cheque; 16 Entertainment expenses costing 40000 plus cgst and sgst @ 6% each payment were made by cheque; 17 Maintanence expanses costing 40000+ cgst and sgst @ 6% each payment were made by cheque; 18 Purshasesof fitness magazine cd's costing 220000 payment were made by cheque; 19 wages paid costing 126000 by cheque; 20 outstanding salary costing 372000; 21 Drawing costing 288000
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Aditi Maurya 5 years, 10 months ago

Bad debtsA/c Dr 500 To Debtor A/C 500
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Tushar Tyagi 5 years, 11 months ago

Accounting is used to convert business transaction into a understandable manner so that we can eassly masure the financial position of a business

Divender Singh 5 years, 11 months ago

For placing all the records in a systematic manner
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Incredible Suri 5 years, 11 months ago

It is the set of instructions that makes the computer work.Type- 1.Application software 2.System software 3.Connectivity software . 1. Application software- These are user oriented programmes designed and developed for performing certain specific tasks. 2.System software- These are a set of programmes which control internal function such as reading data to output devices and also checking the system to ensure that its components are functioning properly. 3.Connectivity software- These are the set of programmes which creat and control a connection between computer and a server so that the computer is able to communicate and share the resources of server and other connected computers. Finally ?....
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Incredible Suri 5 years, 11 months ago

Rebate is expense for business here, hence debited; by accepting the claim our debtor ahmed and co. will reduce , thus it is credited.

Incredible Suri 5 years, 11 months ago

Journal entry- Rebate a/c Dr. To Ahmed and Co. A/c

Incredible Suri 5 years, 11 months ago

What is the question here?
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Kanish N 5 years, 11 months ago

Hii
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Deepali Rai 5 years, 11 months ago

Balance sheet is a financial statements thst reports companys Assets and liabilities

Yogita Ingle 5 years, 11 months ago

A balance sheet records a company’s assets, shareholders‘ and liabilities equity at a particular point of time and furnishes a basis for calculating rates of return and assessing its capital substructure. It is a financial statement that furnishes a print of what a company possesses and incurs, and the amount invested by investors.

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Incredible Suri 5 years, 11 months ago

Hope it helps..

Incredible Suri 5 years, 11 months ago

Unexpired insurance is a type of prepaid expense.Treatment in final account- deduct the unexpired insurance from insurance A/C in P/L A/C,and show unexpired insurance in the Assets side of the Balance Sheet.
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Yash ? 5 years, 11 months ago

Already given on...last page of TS grewal...
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Yogita Ingle 5 years, 11 months ago

Advantages of Secret Reserves
1. Helps in maintaining financial strength of the business.
2. Helps in avoiding the entry of competing business units.
3. Helps in maintaining the rate of dividend during the adverse business conditions.
Disadvantages  of Secret Reserves
1. Leads to understatement of profit due to which shareholders get low rate of dividend
2. Financial statement does not show true and fair view
3. Sometimes misused by the management to cover their mistakes.

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Neeraj 17_ 5 years, 11 months ago

Hi
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Incredible Suri 5 years, 11 months ago

If cash is received then it'll debited and if it is paid , then credited.
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Funny Tube 5 years, 11 months ago

Error and ommited of statment (in easy and short language.)
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Ujjwal Soni 5 years, 11 months ago

Its an account to maintain cash payments and reciepts.
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Afriz Ansari 5 years, 11 months ago

What means account

Afriz Ansari 5 years, 11 months ago

What is accounting equation
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Lovey Rana 5 years, 11 months ago

Given on the last pages of accounts book in ts grewal

Yash ? 5 years, 11 months ago

Plzzzzz
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Afriz Ansari 5 years, 11 months ago

Capital expenditure means
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Karan Shergill 5 years, 11 months ago

The expenditure incurred on fixed assets like on machinery furniture etc.

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