Sold goods for cash worth rs. 20 000

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WebMay 1. Ankit commenced business with cash 20,000 and machinery Rs. 40,000. May 3. He bought goods from Rani 15000 on credit. May 4. Sold goods for cash to Mr. Bajaj worth 10,000 May 10. Sold goods on credit to Mr. Naidu for 13,000 May 12. Received commission 1000 May 18. Received from Mr. Naidu 13,000 May 21. Paid salaries in cash 8,000 May 23 … WebMay 19, 2011 · December 8, he sold goods for cash Rs. 60,000. 5. December 10, he purchased furniture and paid by cheque Rs. 50,000. 6. ... The proprietor has taken goods worth Rs. 5,000 for personal use and additionally distributed goods worth Rs. 1,000 as samples. (e) ... 20 18. 19. Total Sales (Rs. in ‗000) Total Costs ...

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WebJournal Entry for Purchasing Goods. Q: What is the journal entry for the following? Purchased goods from KJ Mehta for cash: 5,000 Rupees. (Rupees = Indian currency) A: … WebJul 20, 2024 · Sold goods of 50000 at 10% trade discount and 10% cash discount to raj and received 50% by cheque and 20% on cash Journal entry See answers ... ational Defence … fl vehicle tax records

NCERT Solutions for Class 11 Accountancy Chapter 3 Recording …

Web3.6K views, 162 likes, 4 loves, 37 comments, 5 shares, Facebook Watch Videos from Commonwealth Picker: Sick and Tired of Ebay Resellers Saying This WebFor example, on January 1, we have sold $5,000 of goods for cash. This $5,000 of the goods sold had an original cost of $3,000 in the inventory account. And we use the perpetual … WebProblem 1: On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash Rs. 7,000. 8. Purchase … greenhill orchards

Accounting Equation Problems and Solutions - Balance Sheet Eq.

WebOct 9, 2024 · Conclusions. Sold goods for cash journal entry is to record the cash sales. Debit and credit happen as per the golden or modern rules of accounting. Accordingly, we … WebNov 24, 2024 · Solution: Question 6. Journalise the following entries: (i) Goods worth ₹ 500 given as charity. (ii) Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the … greenhillock glamping \u0026 campingWebPurchase new office equipment by paying ₹ 93,000 cash and trading in old equipment with a recorded cost of ₹ 7,000. Analysis of the transaction: Buying the new office equipment will … fl velocity\u0027s

"WebMay 19, 2011 · December 8, he sold goods for cash Rs. 60,000. 5. December 10, he purchased furniture and paid by cheque Rs. 50,000. 6. ... The proprietor has taken goods … " - Sold goods for cash worth rs. 20 000

Sold goods for cash worth rs. 20 000

MCQs for Accountancy Chapter 3 Recording of Transactions – I

WebPurchased goods for cash Rs 20,000 and Credit Rs 30,000. 3. Sold goods for cash 40,000, costing 30,000. 4. ... 2013 with a capital of ₹ 6,00,000. On 31st March 2014, his assets were worth ₹ 78,00,000 and liabilities ₹ 50,000. ... Question 20. Goods costing ₹ 10,000 have been sold for cash at 25% profit. WebJournalise the following transaction: Commence business with Cash Rs. 50,000. Medium. View solution. >. Journalise the following transaction: Ambuj, a debtor for Rs. 10,000 has …

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WebGoods costing Rs 40,000 sold at a profit of 20% for cash +48,000 -40,000 +8,000 : 1,22,300 ... 'A' commenced his cloth business on 1st April, 2011 with a capital of ₹ 3,00,000. On … WebApr 11, 2024 · 413 views, 4 likes, 7 loves, 90 comments, 1 shares, Facebook Watch Videos from Slam 101.1 FM Barbados: MORNINGS ON SLAM - WDYC - TUES, APRIL 11, 2024

WebWhat will be the Journal entry for these transaction- Sold goods costing Rs.20,000 for Rs.30,000 on cash. ALLInterview.com. Categories ... for goods sold cvosting rs 20000 for … WebJouranlise the following transactions in the books of Harpreet Bros: (a) ₹ 1,000 due from Rohit are now bad debts. (b) Goods worth ₹ 2,000 were used by the propriet (c) Charge …

WebSold goods for cash of the list price of Rs.8,000 at 10% trade discount and 3% ... 2013 with a capital of Rs. 6,00,000. On 31st March, 2014 his assets were worth Rs. 8,00,000 and …

Webwhich also provides for a two per cent use tax on goods Secret Service More Cautious The film reportedly attempts Parker nearly IOO persons had' regis- ward and William R SUnemey- mg the issuance of ballots to ^ depict ,he of m \r tered as city voters in h * of- e r Harward is county attorney non-residents of the state and . u n t h i s . n ... fl vehicle registrationsWeb6. Goods costing ₹40,000 sold at a 20% profit for cash +48,000 – 40,000 +8,000 1,22,300 5,000 16,000 36,000 1,07,300 Working Note: Cost of Goods Sold = 40,000 Add: Profit 20% … flvex fund priceWebJun 1, 2024 · Question . Sold goods worth list price of Rs.8,000 at 10% trade discount and 2% cash discount. 25% received at the time of transaction only. The amount posted to … flve nights shrek s hotelWebMr Johnson sold goods to Mohan (within the state ) rupees 200000 trade discount 10% and cash discount is 5% on prompt payment . Mohan paid the 50% amount at the time of … greenhill operating systemWebApr 1, 2016 · Problems 5: 1 st January, 2024, Saeed Ahmad started business other transactions for the month of June as follows:. 02. Purchased from Kareem goods of list … flve nights at lshow speedWebPrepare the Accounting Equation on the basis of the following: (6) i) Started business with cash Rs 35,000. ii) Credit purchases of goods Rs 9,000. iii) Payment made in the full … flvex marketwatchWebPrepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,0... flvex news