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Neelima Maurya 6 years, 3 months ago

Intersest charged A/C......Dr To Bank A/C ( Being: The interest charged by bank) Explaination: When excess money withdraw from bank then bank charges interest and this amount is our expense and also reduces the bank balance.

Kritika Sharma 6 years, 3 months ago

Interest charged A/c. Dr. 1400 To bank. A/c. 1400
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Ujjwal Soni 6 years, 3 months ago

Drawings A/c Dr. 430000 - To cash A/c - 430000 2nd entry will no be recorded because a gift does not affect any business transaction, assets or liabilities.
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Khushi Delio 6 years, 3 months ago

In debit side bcz it is our asset
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Neelima Maurya 6 years, 3 months ago

Purchase A/C ............Dr. 13500 To Ram A/C. 13230 To Discount recievedA/C. 270

Nikita Yadav 6 years, 3 months ago

Purchase - 15000 Less trade dis. 10% - 1500 We get - 13500 Now, less cash dis. 2% - 270 We get - 13230 Entry will be: Purchases a/c dr. 15000 To dis. Rec. A/c 270 To cash a/c. 13230 ( Trade discount will not show in entries only we less it but cash discount is always show in entries )
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Ujjwal Soni 6 years, 3 months ago

Ujjwal is my name

Amjad Saifi 6 years, 3 months ago

Cash A/C Dr 5000 Bad debtor A/C Dr 5000 to ujjwal a/c 10000

Saniya Khan 6 years, 3 months ago

Cash A/C _dr. 10000 To bad debts recoved_10000
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Ujjwal Soni 6 years, 3 months ago

Rent a/c dr. To bank a/c

Yogita Ingle 6 years, 3 months ago

Rent A/c Dr.

To bank A/c

Explanation:

Rent is expense in this situation and expenses are debited by the rule =Debit all expenses and losses

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Manpreet Kaur 6 years, 3 months ago

Sir aap ak hi sample paper diya karo vo bhi jada imp. Vala itna sara mat diya karo

Ujjwal Soni 6 years, 3 months ago

Extreme
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Royal Fighters 6 years, 3 months ago

There is only one formula for This chapter Assets=liabilities +capital
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Yogita Ingle 6 years, 3 months ago

On the basis of ownership, companies can be divided into two categories –
Private & Public.

Private Co. Public Co.
It has minimum 2 and maximum 50 members. It has minimum 7 and maximum unlimited.
It cannot invite general public to buy its shares and debentures. It invites general public to buy its shares and debentures.
There are certain restrictions on transfer of its shares. Its shares are freely transferable.
It can commence business after incorporation. It can commence business after obtaining certificate of commencement of business.
It has to write Private Ltd. After its name

 

Ex- Tata Sons, Citi Bank, Hyundai Motor India.

It has to write only limited after its name

 

Ex- Reliance Industries Ltd., Wipro Ltd. , Raymond’s Ltd.

In its minimum capital required is one lakh. In its minimum capital required is five lakhs.
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Nitu Garg 6 years, 3 months ago

Cash a/c dr 2000 To Sale a/c 2000
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Shivani Vedwal 6 years, 3 months ago

Payment is

Shivani Vedwal 6 years, 3 months ago

The payment os recorded twice in BRS
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Siya Sharma 6 years, 3 months ago

What is doubt
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Shivani Vedwal 6 years, 3 months ago

Compensation fund . It is stored by company for any unfortunate accident e.g labour loss his/her hand during mining or other work
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Kiran Gupta 6 years, 3 months ago

There is no effect of gst on depreciation on machinery
  • 1 answers

Indrajeet Singh Arora 6 years, 3 months ago

visit chandan poddar ( grooming education academy).Saw some journal entries there you can also take there course in spending little money . You need to Also take course of economics and business studies . He also give class 12th lectures .Take lectures as they deliver 90 percent at least
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Indrajeet Singh Arora 6 years, 3 months ago

cash A/c .....Dr. 500000 To Capital A/c. 500000

Shubhkirat Singh 6 years, 3 months ago

Sir i have a big doubt in journal
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Vipul Bhatia 6 years, 3 months ago

Sorry we will reduce rs 800 from cashbook if working according to pass book

Vipul Bhatia 6 years, 3 months ago

I we start with balance as per cashbook then we reduce it once.i.e.800........but if according to passbook then we will add rs.800 once in our cashbook
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Souvik Sil 6 years, 3 months ago

Cash and capital minus
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Nikita Yadav 6 years, 3 months ago

On debit side we will show 3000 bcoz this amount is deposited in the bank and 2000 which are left we will show it also on debit side bcoz we received it in cash Entry will be cash. Bank To loan a/c 2000 3000
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Divyansh Hans 1 year, 4 months ago

tell on page

Gaurav Seth 6 years, 3 months ago

Explanation:

machine costing = 300000

calculate depreciation under straight line method

depreciation for two months = [ ( 300000 * 10 % ) * 2/12 ]

                                                   = 5000

machinery cost after charging depreciation (300000 - 5000)

                                                                          =  295000

calculate depreciation under WDV method 

machine costing =                                                               300000

depreciation for 1st month = [ ( 300000 * 10 % ) * 1/12 ] =  -2500

                                                                                              = 297500

depreciation for 2nd month = [ ( 297500 * 10 % ) * 1/12 ] =  -2480

                                                                                             =   295020

 

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