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    • Posted by Prabhkaur Dhindsa 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Adarsh Kumar 1 year, 2 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

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    • Posted by Prabhkaur Dhindsa 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Prabhkaur Dhindsa 1 year, 2 months ago

    Tell

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    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 Himanshu Singhania 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Muskan Raghuwanshi 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Muskan Raghuwanshi 1 year, 2 months ago

    Solution

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    • Posted by Saloni Maurya 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Arman Brar 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Deeksha Sharma 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Rishi Sahu 1 year, 2 months ago

    Bases of accounting

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    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 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Krish Paliwal 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Chingte Te 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Rohit Rai 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Suresh Chand 1 year, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Krish Paliwal 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Krish Paliwal 1 year, 3 months ago

    Give answer

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    • Posted by Phychobot Gaming 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Phychobot Gaming 1 year, 2 months ago

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    • Posted by Neha Sharma 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anushka Raghav 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anushka Raghav 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Anushka Raghav 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Krish Paliwal 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Sameer Kajal 1 year, 2 months ago

    Jab trade discount lagaya uske baad 4500 bache, fir 4500 mein 5% cash discount lagaya toh Ans. 225

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    Akriti Rana 1 year, 3 months ago

    Cash a/c dr 4275 Discount allowed a/c dr 225 To mohan a/c 4500

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    • Posted by Anshika Yadav 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by 𝐀𝐛𝐡𝐢𝐬𝐡𝐞𝐤 𝐒𝐚𝐡..... 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Akriti Rana 1 year, 3 months ago

    Harish A/c dr To sales A/c

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    • Posted by Krish Paliwal 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Akriti Rana 1 year, 3 months ago

    Purchase a/c dr To mahesh a/c

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    Om Shukla 1 year, 3 months ago

    Journal entry hai na

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    • Posted by Arshpreet Kaur 9 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Ekamjot Kaur Ekam 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Bhumika Achantani 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Bhumika Achantani 1 year, 3 months ago

    Insta I'd : @._its_bhumika_. pls can u send the answer in this I'd

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    Dev Verna 1 year, 3 months ago

    On 1st April 2016 xyz ltd Purchased a plant for.120000 Depreciation is provided@15% per annum on straight line Method on 31st March every year. Prepare plant account and depreciation account from march 2017 to 2021

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    Dev Verna 1 year, 3 months ago

    Hi

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    • Posted by Bhumika Achantani 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Tavleen Kaur 1 year, 3 months ago

    Debit Credit Cash A/C ..dr ₹25000 To Capital A/C ₹25000

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    Tavleen Kaur 1 year, 3 months ago

    Debit Credit Cash A/C debited ₹25000 To Capital A/C ₹25000

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    • Posted by Radhika Shukla 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Radhika Shukla 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Ranyodh Singh Dhillon 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Student 😀 1 year, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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