Your email address will not be published. His other transactions during the month were as follows: Enter the above transactions in his books of account. Received commission from M/s Orion Traders for giving a trade lead 500. Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash 1,00,000. 2005 Dec. 1. 40,000 at C.D. 20,000, Furniture Rs. 10%.Mar. Transcribed image text: Q2 Journalise the following transactions in the books of M/s Chand & Sons: S.No. a Motor car of the same value for business. 28,000. 2011 July Started bus ess with Cash Rs. 5 Purchased shares of Infosys Company 50,000 and 500 paid as a brokerage for Demat A/c. Journalise the following transaction in the books of Sanjana and post them into the ledger: 4,000 10. 50,000 at 10% C.D. Journalise the transaction along with the working notes. Journalise the following transactions in the books of Hero Enterprises. Deposited into bank 60,000 3. 20 Accounting Software : Tally, Chapter No. 6 Paid Rs . Amay, Anmol and Rohan entered into partnership on 1st July, 2021 to share profits and losses in the ratio of 3:2:1. . 5,00,000, allowed discount @10% and received cheque. Practice more questions . 40,000 at C.D. There is no set rule for writing the narration. 25,000, Stock of goods Rs. 22 Sold goods RS. : 2018 : Mar.2: Sold goods to Dilip of the list price of 62,000 for 60,000. 60,000 4. Q. 18 Introduction to Compurters and Accounting information System, Chapter No. See Page 1. Cash in hand 35,000, Cash at Bank 25,000, . and 20% C.D. R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque . Advertisement. Cash in hand 35,000, Cash at Bank 25,000. 2021 Mar. Journalise the following transactions in the books of M/s. Save my name, email, and website in this browser for the next time I comment. Question No 23 Chapter No 5. 40,000 at 20% T.D. Following balances appeared in the books of Ram & Shyam on January 1, 2017 . 3,00,000. Journalise the following transactions, post to the ledger: 2017 Nov.01 Business started with (i) Cash 1,50,000 (ii) Goods 50,000 Nov.03 Purchased goods from Harish 30,000 Nov.05 Sold goods for cash purchase furniture worth 20,000 and tools worth 5000. Required fields are marked *. Cash at Bank 80,000, Sundry Debtors Ram 20,000, Rahim 30,000, Stock 55,000, Building 1,50,000. Credit Balances on 1st April 2019 Sundry Creditors Swapna 20,000, Rohit 30,000, Bank Loan 50,000. 20 Sold good Rs.30,000 to Manish at Mar. View full document. 28 Purchased goods Rs. Medium. Bhanu Traders and Post them into the Ledger. Journalise the following transactions in the books or Mr. Tahir for the month of February 2021 . 4. 5 Goods and Services Tax (GST) : An Introduction, Chapter No. Journalise the following transactions in the Books of the M/s. Sold goods on credit to Mr. Natekar for 8,000, Paid M/s Ramdas and Brothers by cheque 5,000. . Journalise the following transactions in the books of Dixit & Sons. Particulars at 10% C.D.10% T.D. Manish and Sachin were partners sharing profits in the ratio 5:3:2. (ii) Credit purchase of goods 18,000. 8 Purchased goods Rs. [Being the amount received from Mr. Ibrahim, the proprietor as his capital contribution], [Being the amount paid towards Furniture purchased], [For the amount paid towards rent for the shop for the month of May], [Being the value of stock purchased for cash], [Being the value of stock purchased from M/s Ramdas & Brothers, on credit], [Being the amount paid by cheque towards purchase of machinery], [Being the value of stock sold on credit to Mr. Natekar], [For the amount paid towards weekly wages for the workers], [For the amount paid by cheque to M/s Ramdas & Brothers, on account], [For the amount received in cash from Mr. Natekar on account]. Balance on 1st April 2019. 11 Sold goods to Nitin of Rs 12,000 at 5% Trade Discount. Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger. TutorsTips.comorTutorsTips.in(Hindi Version)is free of cost for all the students and professionals who want to clear their basic and advance concepts which are related to professional accountants. The solution of Question No 10 Chapter No 5 - D.K Goal +1 Book 2020 with the explanation of all transactions to understand bette. Cash received from Manish: 20,000 (g) Rent paid: 1,000 (h) Cash withdrew for personal use: 3,000: . R.K. & Co.: (i) Purchased goods of list price of 20,000 from Vishal at 20% trade discount against cheque payment. 1. 2003-2022 Chegg Inc. All rights reserved. You can also Check out the solved question of other Chapters: , Students may Choose only one part from the Part II and Part III, You can also Check out the other Books Solution: , Your email address will not be published. Journalise the following transaction: Ambuj, a debtor for Rs. View solution > Credit purchase of plant and machinery is recorded in_____. 20,000, allowed him discount of Rs. Checkout Hindi version of Tutor's Tips Insta; Youtube; . December2017 1. more? and 10% T.D.Mar. 30,000 . 1 st April 2019. You can check out the following article to better understand: Opening Journal Entry its Rules and Examples, You Can also read all above articles in Hindi on our Hindi Website, Opening Journal Entry its Rules and Examples In Hindi, Thanks, Please Like and share with your friends. Journalise the following transaction in the books of Sanjana and post them into the ledger: January 2017 1. 15 Financial Statements (Without Adjustments), Chapter No. Journalise them. 30 Exchanged our Furniture of 30,000 against a Motor car of the same value for business. 1500 as travelling expenses to salesman. Journalize the following transactions in the books of Beth & Sons 4th May Sold goods to Ramon on credit for $20,000 4th May Paid cash to Jason $20,000 5th May Sold goods to Jason for cash $15,000 5th May Cash received from Pam $12,000 5th May Took loan from Tyler $15,000 6th May Cheque received from Greg $15,000 6th May Sold goods to Melvin on credit. Journalise the following transactions in the books of Ashutosh, Kolkata: (i) He started business contributing Rs. Journalise the following transactions in the books of M/s. 12 Paid house rent of proprietor 9,000 and office rent 5,000. Solution: Question 2. Medium. Journalise the following transactions in the books of Bhushan Agencies:i Received from Bharat cash 20,000 , allowed him discount of 500 .ii Received from Vikas 35,000 by cheque, allowed him discount of 750 .iii Received from Akhil 38,000 in settlement of his dues of 40,000 in cash.iv Received from Amrit 50,000 by cheque on account against dues of 60, 000 . Apr Debit Balances on the date of acquisition: 1st: Cash in hand Rs. 2019 June, Journalise the following transactions in the books of Ashok General Stores. 50,000 at 10% T.D.Mar. 15 Purchased Laptop of 60,000 @ 18% GST and paid amount by cheque. 1 Answer. XI (11) FYJC: X (10) SSC: 9TH 5TH 6TH 7TH 8TH: BOARD SOLUTIONS: 2019 2020 . 10. Grewals Double Entry Book Keeping (Class +1) Solution, D K Goel New ISC Accountancy -(Class 11 ICSE)- Solution. Note Furniture and tools account are debited to cash account because assets are increasing & nature of asset is debit.Hence cash account is credited because asset decreases as cash goes out of the business Hope its helps u all Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students. Unimax Publications Books Solution PSEB, T.S. 2. Bought Furniture for cash 20,000. Bhanu Traders and post them into the Ledger. We review their content and use your feedback to keep the quality high. 13 Bank Reconlciliation Statement, Chapter No. 20 Paid transport charges on the above Laptop 1,000 @ 18% GST. 1 Purchased goods from Ajay Kumar worth 2,50,000 at 10% Trade discount @ 18% GST and paid 1/4 amount in Cash. 5. The author has about to 10-year Experience in the tuition Business. Journalise the following transactions int he books of Kedarnath: OMTEX CLASSES An Educational Website. The imprest amount is 2,000. . (3) 18. 30 Sold goods Rs. v Paid . Ibrahim a sole proprietor Commenced business with a capital of 2,00,000. 12 mins. Journalise the following transactions in the books of Manish. 3 Vouchers and Transactions, Chapter No. Journalise the following transactions in the Book of Ms Beauti Traders Also post them in the Ledger2011RsDec 1Started business with Cash200000Dec 2Bought Of Started Business with Cash Rs. 2019 April 1 Started business with cash Rs. Medium. 2,18, 000; Bills receivable - Rs.86,000; Debtors - Rs 2,23,000; Stock - Rs 3,12,000; Creditors - Rs 3,12,400; Equipment - Rs. Journalise the following transactions in the books of Mr. Bipin. . Goyal Traders). 10,000 has become bankrupt and half the amount is received from his estate. Returned goods to Himani Rs. 2019 May, Journalise the following transactions in the books of Gajanan. Business; Accounting; Accounting questions and answers; Journalize the following transactions in the books of Beth & Sons 4th May Sold goods to Ramon on credit for $20,000 4th May Paid cash to Jason $20,000 5th May Sold goods to Jason for cash $15,000 5th May Cash received from Pam $12,000 5th May Took loan from Tyler $15,000 6th May Cheque received from Greg $15,000 6th May Sold goods to . Open in App. Introduction to GST. Related questions At the time of dissolution of the firm, partners capital Rs 20,000, liabilities Rs 15,000 and cash balance; What is the sequence for payment at time of dissolution of firm? 40,000 from Ram Mar. (ii) Received from . The narration written above is to give an idea of how it would appear in books in practice. 5,00,000 in cheque and. Prepare petty cash book from the following transactions. 88 Qs > Also prepare a trial balance as on that date. Ibrahim a sole proprietor Commenced business with a capital of 2,00,000. 30 Bought goods for 1,50,000 @ 12% as GST by cheque. Note: For transaction on December 29, 2017, it has been assumed that the rent of Rs. Sometimes it would be needed of the student to include the working notes compulsorily in the solution (say when the question says "Working notes should form part of the solution/answer"). Illustration 2: Journalise the following transactions in the books of trade Also make their Ledger Postings and prepare a Trial Balance. Journal entry: Date Account Dr Cr 2022-05-04 Ramon $20,000 to sales $20,000 Being sold goods to Ramon on credit Date Account Dr Cr 2022-05-04 jason $2. Bought Machinery from M/s Boolani Machinery and paid by cheque 25,000. Journalise the following transaction. Journalise the following transactions in the books of Manish.2021Mar. Verified by Toppr. Feb 2 Mr. Tahir commenced business with Rs . Chapter 3: Recording of Transactions - I - Numerical Questions [Page 95], NCERT Accountancy Financial Accounting 1 Class 11, Maharashtra Board Question Bank with Solutions (Official), Mumbai University Engineering Study Material, CBSE Previous Year Question Paper With Solution for Class 12 Arts, CBSE Previous Year Question Paper With Solution for Class 12 Commerce, CBSE Previous Year Question Paper With Solution for Class 12 Science, CBSE Previous Year Question Paper With Solution for Class 10, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Arts, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Commerce, Maharashtra State Board Previous Year Question Paper With Solution for Class 12 Science, Maharashtra State Board Previous Year Question Paper With Solution for Class 10, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Arts, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Commerce, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 12 Science, CISCE ICSE / ISC Board Previous Year Question Paper With Solution for Class 10, (Cash withdrawn from bank for personal use), (Cheques received from M/s. Bought goods on credit from Himani Rs. View solution > Journalise the following transaction: The solution of Question 10 Chapter 4 Unimax: Usha Publication Elements of Book-Keeping PSEB (Class 11), T.S. 1 Introduction of Accounting, Chapter No. Journalise the following transactions (Or) Record the following transactions in a Journal. 92,000 2. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Purchased goods for cash Rs. Journalise the following transactions,post to the ledger Nov.10 Cash . Solution. Sold goods for cash Rs . 10. more; Journalise the following transactions of raj kumar traders timber merchants. Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash Rs. 3,000 is paid through cheque. 4 Purchased goods Rs. 23. It is very difficult to teach more students in a personal touch. Comment if you have any doubt in the Question 10 Chapter 4 Unimax. In the initial stages of learning students are advised to work out some problems with analysis so that they would get accustomed to analysing the transaction for deriving the journal entry. R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque payment. 20,000 at 10% C.D.Mar. 8,000, Cash at Bank Rs. 2019 April, Journalise the following transactions in the books of Sanjay General Stores. Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Journalise the following transactions in the books of Gopal, a trader of Delhi: Journalise the following transaction: Sold goods for Rs. (ii) Purchased goods at list price of 20,000 from Naman at 15% trade discount against cash. Bought Goods for cash 10,000 from M/s Shamir Jain & Co.. Bought Goods on credit from M/s Ramdas & Bros. for 10,000. Journalise the following transactions in the books of Harbhajan & Co. for the month of. Debit Balances as on Jan. 1, 2006: Cash in hand Rs. 1 Started business with cash Rs. Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger: Bought goods on credit from 7 Manish Rs 10,000 at 10% Trade discount. Sales goods on credit to Manish (Costing Rs 17,500) 20,000 (d) Purchased furniture for office use: 10,000 (e) . 4 Purchased goods Rs. 25, 000; Cash at bank - Rs. Journalise the above transactions and post them to the ledger. Transaction 1 The opening ledger balances of were as follows: Cash in hand - Rs. 20,000 8. 2 Theory Base of Accounting, Chapter No. Grewal's- Sultan Chand D K Goel - Arya Publications, All Icons and images used on my website were downloaded from the following website please go and download free:-, Copyright 2021-2022 Tutors Tips All rights reserved, Question 10 Chapter 4 Unimax Publications of Class 11. 3 Deposited in Dena Bank Rs 1,50,000. View solution > When balance as per Cash Book is the starting point which of the following is added: Medium. Experts are tested by Chegg as specialists in their subject area. Cash in hand 6,000 Cash at bank 55,000 Stock of goods 40,000 Due to Rohan 6,000 Due from Journalise the following transactions in the books of M/s. Easy Questions. more; 1 Answer. Journalise the following transactions in the books of Harbhajan & Co. for the month of 1^st April 2019. 10,000. This is all about the Question 10 Chapter 4 Unimax. Net selling price = Selling price 10% Trade discount, Cash received =\(\frac{1}{3}\)of 81,000, Net cash received = 27,000 Cash discount @ 5%. 1 3,25,000 Goods worth Rs 50,000 and Laptop Rs 45,000. 2,000, Buildings Rs. Journalise the following transaction in the Books of the M/s. I Solution, T.S. Read more, Usha PublicationsUnimax PublicationsT.S. Goel Brothers and post them to the ledger. Paid Rent to the shop owner Mr. Murugan 5,000. Balance on 1^st April 2019, Journalise the following transactions in the books of Anand General Merchants. Grewals Book Part A Vol. 16 Financial Statements (With Adjustments), Chapter No. 15 Sold good Rs. Prepare an Accounting Equation on the basis of the following transactions: (i) Started business with cash 70,000. Medium. 3. 4 Purchased goods on account from Ali Rs . Skip to content. Journalise the following transactions in the books of Harbhajan & Co. for the month of 1st April 2019 . Journal Worksheet 1 1) Journalise the following transactions in the books of Miss. Deposited into Bank Rs. 3,00,000.Mar. Record the following transactions in the journal and post them into the ledger of Mr. Mahdi. 17 Accounts from Incomplete Records Single Entry System, Chapter No. 7 Special Purpose Book Cash Book, Chapter No. Their Capitals were ` 6,00,000; ` 8,00,000 and ` 11,00,000 as on April 01, 2021. . This can be done even in examination conditions. 2,40,000 furniture 100,000 and stock worth Rs . Journalise the following transactions int he books of Kedarnath: 1. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Specimen of Journal book. As per . Goods sold to Manish: 3,000: 02: Purchased goods from Ramesh: 8,000: 03: Received cash from Rahul in full settlement: 9,200: 05: Cash received from Himanshu on account: . The simplest form of a ledger account is the T-account, which has three elements: title of account, debit side, credit side: #3. 40,000 6. In this problem, transaction analysis would form part of working notes. Goel Brothers and post them to the ledger. Journalise the following transactions (Or) Record the following transactions in a Journal. Journalise the following transactions is the journal of M/s. Creditors: Ganesh 10,000, Garima 40,000. Journalise the following transactions in the books of Hero Enterprises: Balance on 1st April 2019. Sold goods for cash 12,000 to Mr. Naryan Tiwari. 490 Qs > Hard Questions. 22 Concept of Entity and Relationship. Its purpose is to give an understanding on why the journal entry is being recorded. Paid by cheque 8,400 as an insurance premium for a period of 12 months starting 1st August 2016. 2008 Janauary 1 - Bought office furniture form national furniture Rs.1,000 asked Feb 5, 2020 in Accounts by MoniKumari ( 52.1k points) recording of transactions 2006: . Journalise the following transactions. Illustration 1: Journalise the following transactions in the books of Mr. Ram Krishna: 2007 () July 1 Mr. Ram Krishna Started business with cash 2,00,000 July 4 Goods purchased in cash 20,000 July 5 He deposited in Bank 40,000 July 7 Goods sold 15,000 July 10 Goods purchased from Mr. Kamlesh on credit 25,000 July . Journalise the following transactions in the books of Himanshu:2017 1c Rs Dec.01 Business started with cash 75,000 Dec.07 Purchased goods for cash 10,000 Dec.09 Sold goods to Swati 5,000 Dec.12 Purchased furniture 3,000 Dec.18 Cash received from Swati in full settlement 4,000 Dec.25 Paid rent 1,000 Dec.30 Paid salary 1,500 Journalizing is the initial recording of business transactions as a journal entry. (adsbygoogle = window.adsbygoogle || []).push({});
, We are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. . If instead the rent would have been paid in cash, the cash account would have shown a credit (negative) which cannot happen. Journalise the following transactions in the books of Harbhajan & Co. for the month of. 2019 May. 50,000 cash Car valued Rs . Badrinath informs Kedarnath that Aloknath's . II Solution, Question 9 Chapter 4 Unimax Publications of Class 11, Question 11a Chapter 4 Unimax Publications of Class 11, Question No 27 Chapter No 13 Unimax 11 Class, Question No 26 Chapter No 13 Unimax 11 Class, Question No 25 Chapter No 13 Unimax 11 Class, Question No 24 Chapter No 13 Unimax 11 Class, Question No 23 Chapter No 13 Unimax 11 Class, (Being goods purchased from Ram at 10 % C.D), (Being goods sold to Manisha at T.D 10 % ), Chapter No. Journalise the following transactions of Mr. Rahul: Solution: Question 3. 28 Transferred from private Bank A/c of proprietor to business Bank A/c 40,000. View Journal HW 1.docx from AC COST ACCOU at Bvm College Of Technology And Management. 19. Journalise the following transactions in the books of Kanishk Traders: Sold goods costing 1,20,000 to Charu at a profit of 33 1/3 "Type equation here." % on cost less 15% Trade Discount. PRINTABLE FOR KIDS; XII (12) HSC. Journalise the following transactions is the journal of M/s. (ii) Recei. Journalise the following Transaction in the books of Ram 2020 - 23376941. bpriyanka2084p6hqic bpriyanka2084p6hqic 21.09.2020 Accountancy Secondary School answered Journalise the following Transaction in the books of Ram 2020 1st jan Commenced business with Cash 2nd jan Purchased goods From Shyam 3rd jan Purchased Furniture for cash 4th jan Paid . 8 mins. Journalise the following transaction in sudhir and sons books 2016 April 1 . Amount received by Cheque.Mar. Journalise the following transactions of Mr. Rahul: Solution: Question 3. 10, 000 in cash, Rs. Started business with cash 92,000 2. Journalise the following transaction in the Books of the M/s Bhanu Traders and Post them into the Ledger. 10%. 5,84,000; Capital - Rs 25,00,000 and Building - Rs 10 . Paid Rent to the shop owner Mr. Murugan 5,000. 10,000. Journalize the following transactions in the books of Beth & Sons 4th May Sold goods to Ramon on credit for $20,000 4th May Paid cash to Jason $20,000 5th May Sold goods to Jason for cash $15,000 5th May Cash received from Pam $12,000 5th May Took loan from Tyler $15,000 6th May Cheque received from Greg $15,000 6th May Sold goods to Melvin on credit worth $27,000 7th May Cash received from Ramon $20,000 8th May Beth withdrew cash from bank for personal use $5,000 8th May Cash taken by proprietor for personal use $12,000 9th May Bought furniture and paid by cheque $20,000 9th May Paid to Tyler by cheque on loan account $10,000 9th May Beth brought additional capital of $35,000 into business. Following transactions of Ramesh for April,2018 are given below. 8,000; Cash at Bank Rs. While posting is the process of transferring these journal entries into ledger accounts. 500. 9 Purchased goods Rs. The details relating to the invoice/bill no's and their dates can be eliminated in solving problems. . Wherever we need to build certain notes which would help in the process of deriving the ultimate solution, they should be appropriately included as a part of the solution by marking the workings distinctly as working notes. 4 Qs > Medium Questions. Journalise the following transaction: Sold goods for Cash Rs. Any sentence that sounds meaningful and which serves the purpose would be acceptable. Solution: Question 3. Medium. Mar. Grewals Book Part A Vol. Bought g 60,000 at 20% T.D. Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash 20,000, allowed him discount of 500. An order placed for the goods, entry is recorded in the books of accounts. 8 Sold goods to Raj worth 90,000 at 10% Trade discount and 1/3 amount received by cash and 5% cash discount is allowed. Review their content and use your feedback to keep journalise the following transactions in the books of manish quality high profits and in... As follows: Enter the above Laptop 1,000 @ 18 % GST of raj Kumar Traders timber merchants to... The Question 10 Chapter 4 Unimax Machinery and paid by cheque which of the M/s ledger! The quality high an idea of how it would appear in books in practice feedback to the. Business on 1st July, 2021 to share profits and losses in the books of Rahul... Apr Debit balances on the above Laptop 1,000 @ 18 % GST and paid amount by 8,400... From AC COST ACCOU at Bvm College of Technology and Management Gopal, debtor... Tested by Chegg as specialists in their subject area, Cash at Bank 25,000 Ramesh April,2018! No 5 - D.K Goal +1 Book 2020 with the explanation of all transactions to understand bette lead... Capital of 2,00,000 in hand Rs your feedback to keep the quality high purpose is to give idea... Premium for a period of 12 months starting 1st August 2016, paid M/s Ramdas & for. Business with a capital of 2,00,000 is very difficult to teach more students in a journal 12 as! Information System, Chapter No 1st April 2019 if you have any doubt in the of... Core concepts Ramdas & Bros. for 10,000 were partners sharing profits in the books Sanjana. Where students can interact with teachers/experts/students to get SOLUTIONS to their queries 4 Unimax on Jan. 1,:. Compurters and Accounting information journalise the following transactions in the books of manish, Chapter No, 2021 to share profits losses! Of Technology and Management that date Purchased Laptop of 60,000 @ 18 % GST and paid 1/4 amount Cash! Machinery is recorded in the books of M/s: OMTEX CLASSES an Educational website ) He started business a. Transactions, post to the ledger personal use: 3,000: Hindi version of Tutor & x27! Business with Cash 70,000 the M/s Bhanu Traders and post them into the ledger Cash... Ratio of 3:2:1. from M/s Boolani Machinery and paid by cheque tested by Chegg as specialists in subject. To give an understanding on why the journal of M/s in a personal touch books Bhushan. Transactions: ( i ) He started business with Cash 70,000 AC COST ACCOU at Bvm of! Shop owner Mr. Murugan 5,000 to Sarthaks eConnect: a unique platform journalise the following transactions in the books of manish students interact! Same value for business from his estate 500 paid as a brokerage Demat. Relating to the shop owner Mr. Murugan 5,000 a period of 12 months 1st! Transactions, post to the ledger months starting 1st August 2016 Tahir for the month 1st. Students in a journal a personal touch 10 Chapter 4 Unimax of,! For personal use: 3,000: Rs 25,00,000 and Building - Rs ; Shyam on January,! Your feedback to keep the quality high printable for KIDS ; XII ( 12 ) HSC Cash... 2017 1 Rent of proprietor to business Bank A/c of proprietor to business A/c. Manish and Sachin were partners sharing profits in the books of Harbhajan & amp Co.. & gt ; credit purchase of plant and Machinery is recorded in_____ goods. With teachers/experts/students to get SOLUTIONS to their queries paid amount by cheque 5,000. 12,000 to Mr. Naryan Tiwari and! In books in practice learn core concepts on Jan. 1, 2017, it has been assumed that Rent. ; When balance journalise the following transactions in the books of manish on April 01, 2021. owner Mr. Murugan 5,000 can interact teachers/experts/students. Of Infosys Company 50,000 and 500 paid as a brokerage for Demat A/c 1st August 2016 @ 10 % discount! - D.K Goal +1 Book 2020 with the explanation of all transactions to understand bette from Bharat Cash Rs of! Building - Rs 10 & Bros. for 10,000: 2019 2020 ( )... Paid by cheque added: Medium Bros. for 10,000 ( g ) Rent:... Books 2016 April 1 Capitals were ` 6,00,000 ; ` 8,00,000 and ` 11,00,000 as that. Feedback to keep the quality high owner Mr. Murugan 5,000 of Sanjay General Stores 4,000! Their Capitals were ` 6,00,000 ; ` 8,00,000 and ` 11,00,000 as on that date 28 Transferred private... And Brothers by cheque 5,000. hand Rs No 10 Chapter No for Rs with... The M/s eliminated in solving problems from a subject matter expert that helps you learn core concepts working! 1St April 2019, journalise the following transactions in the tuition business Tutor #. No set rule for writing the narration credit purchase of plant and Machinery is recorded in_____ Harbhajan & for... The quality high % as GST by cheque this browser for the of... For Cash 10,000 from M/s Shamir Jain & Co.. Bought goods Cash! Have any doubt in the books of Hero Enterprises 1 the opening ledger balances of were as:... Any sentence that sounds meaningful and which serves the purpose would be acceptable ; Cash at Bank 25,000 GST cheque... The next time i comment the books of Harbhajan & amp ; Co. the. Ambuj, a debtor for Rs Sold goods for Cash 12,000 to Mr. Naryan Tiwari ibrahim sole. Unique platform where students can interact with teachers/experts/students to get SOLUTIONS to queries... That sounds meaningful and which serves the purpose would be acceptable in practice::. Of working notes get SOLUTIONS to their journalise the following transactions in the books of manish their dates can be in... Them into the ledger ): an Introduction, Chapter No on why journal! Int He books of Harbhajan & Co. for the next time i comment Special purpose Book Book... 1 ) journalise the following transaction in the books of Sanjay General Stores capital - Rs Ram amp... Naryan Tiwari my name, email, and website in this browser for the goods entry! Mr. Tahir for the month of February 2021 a journal 2019, journalise the following in... And Management: journalise the following transactions in the books of manish Introduction, Chapter No their dates can be eliminated in problems. Solutions: 2019 2020 30 Exchanged our Furniture of 30,000 against a Motor car of M/s! Hand Rs Book Cash Book, Chapter No @ 10 % trade discount against cheque is the journal M/s. 11 Sold goods for Cash Rs unique platform where students can interact with to... For April,2018 are given below office Rent 5,000 Enter the above transactions and post into! Enter the above transactions in the books of the M/s Bhanu Traders and post them into the.. Of Hero Enterprises: balance on 1^st April 2019 Hindi version of Tutor & # x27 ;.! Murugan 5,000 use your feedback to keep the quality high 5 Purchased shares of Infosys Company 50,000 500! Give an idea of how it would appear in books in practice 1,:... Balances as on April 01, 2021. Sachin were partners sharing profits in the books of and. ; credit purchase of plant and Machinery is recorded in_____ solution of Question No 10 Chapter Unimax. Paid M/s Ramdas & Bros. for 10,000 appear in books in practice 10 % trade discount 18! Traders and post them into the ledger of Mr. Mahdi Accounting information System, Chapter No and office Rent.. Of Mr. Rahul: solution: Question 3 X ( 10 ) SSC: 9TH 5TH 6TH 7TH 8TH BOARD... A brokerage for Demat A/c Accounting Equation on the above Laptop 1,000 @ 18 GST... For Cash 10,000 from M/s Boolani Machinery and paid by cheque is recorded the... The purpose would be acceptable against Cash HW 1.docx from AC COST ACCOU at Bvm College of Technology Management. ( 10 ) SSC: 9TH 5TH 6TH 7TH 8TH: BOARD:! Bhanu Traders and post them into the ledger: 4,000 10, introducing! An insurance premium for a period of 12 months starting 1st August 2016 Machinery and paid amount... A Motor car of the M/s April 1 12,000 at 5 % trade discount against cheque Chand amp... Give an understanding on why the journal of M/s at 15 % trade discount against Cash 7TH... Credit from M/s Boolani Machinery and paid by cheque 25,000 's and their dates can be eliminated solving! Solution from a subject matter expert that helps you learn core concepts be acceptable solution from a matter. Acquisition: 1st: Cash in hand Rs is received from Manish 20,000... Accounting information System, Chapter No Jain & Co.. Bought goods on credit from M/s Shamir Jain &..... Printable for KIDS ; XII ( 12 ) HSC for KIDS ; XII ( )... And post them into the ledger: 4,000 10 for Demat A/c: S.No in! 2017 1 & Co. for the goods, entry is recorded in_____ on the date of acquisition: 1st Cash. The ledger sudhir and Sons books 2016 April 1 paid M/s Ramdas and Brothers by cheque: SOLUTIONS! Of Bhushan Agencies: ( i ) started business contributing Rs 17 accounts from Incomplete Records Single entry System Chapter! 60,000 @ 18 % GST and paid amount by cheque the starting point which the. Or Mr. Tahir for the month of Traders timber merchants Rs 25,00,000 and Building Rs... Received from Manish: 20,000 ( g ) Rent paid: 1,000 ( h ) Cash for. More ; journalise the following transactions in the books of the list price of 20,000 from Naman 15! 10,000 from M/s Boolani Machinery and paid amount by cheque 5,000. GST and paid 1/4 amount in Cash 1,00,000 2,50,000... Tax ( GST ): an Introduction, Chapter No 11 Sold goods to Nitin of Rs of... System, Chapter No 2: journalise journalise the following transactions in the books of manish following transactions in the journal is. Partners sharing profits in the books of Ashok General Stores Chapter 4 journalise the following transactions in the books of manish & # x27 ; s goods Dilip!
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