Cheque given to ashu on account

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Cheque given to ashu on account

Journalise the following transactions in the books of Himanshu: Dec. Prepare accounting equation from the following: a Kunal started business with cash 2, b He purchased furniture for cash 35, c He paid c d He purchases goods on credit 40, e He sold goods Costing 20, for cash 26, From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash Rs. Purchased goods for Cash Rs. Sold goods for cash Rs. Purchased goods from Nakul on Credit for Rs. Sold goods to Bhushan on Credit fro Rs. Paid Cash to Nakul Rs. Received Cash from Bhushan Rs. Paid salary Rs. Record the following transactions during the week ending Dec.

Purchased goods on credit from Meena Traders 20,

Journalise the following transactions in the books of Himanshu: Dec. Enter the following Transactions in the Journal of Mudit : Jan. Journalise the following transactions: Dec. Jouranlise the following transactions in the books of Harpreet Bros. A final dividend of 60 paise in a rupee is received from his estate.

Question 1. Double entry accounting requires that: i All transactions that create debits to asset accounts must create credits to liability or capital accounts: ii A transaction that requires a debit to a liability account require a credit to an asset account; iii Every transaction must be recorded with equal debits equal total credits. Answer: iii Every transaction must be recorded with equal debits equal total credits. Question 2. State different kinds of transactions that increase and decrease capital.

Cheque given to ashu on account

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Paid salary to Rishabh 4, From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Create you account for free. Cash sales 30, 9. Economics Class P Q and R are partners in the ration Verified by Toppr. Continue with Google Download the App. Academic Documents. View in App Not Now.

Journalise the following transactions in the books of Himanshu: Dec. Prepare accounting equation from the following: a Kunal started business with cash 2, b He purchased furniture for cash 35, c He paid c d He purchases goods on credit 40, e He sold goods Costing 20, for cash 26, From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1.

The Question and answers have been prepared according to the Commerce exam syllabus. Dec Bought goods from Tara for cash - 40, 6. Academic Documents. Draft Accounts Draft Accounts. Sold goods against cheque. Ledger the following transactions: Dec. Carousel Next. Dec Cheque issued to Parigya - 2, Fa Ass 1 Fa Ass 1. Purchased a computer and paid by cheque. Withdrew from bank for office use. Problem Assignment - 01 Problem Assignment - Goods returned to Ritika 2, Dec Paid telephone expenses by cheque - 1,