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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
why company sometimes isssue forfeited share at a lower value than what is value is like a share forfeited have value of 10 and reissue at rs 7 or 8 or 9
Asked by krish.soni20122002
27th November 2020,
6:45 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Journalise the following transactions: Date Rs. 2016 March 31 Stock at the end of the year 40,000 Salaries due to staff 8,500 Sold goods to Mohan 20,000 Purchased goods from Radha 10,000 Withdrawn from bank for private use 1,000 Placed in fixed Deposit Account at bank by transfer from current account. 6,000 Goods given as charity 5,000
Asked by Topperlearning User
28th July 2016,
5:37 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Journalise the following transactions : 2016 Rs. April 04 Stock at the end of the year 80,000 April 08 Paid for Stationery 100 April 10 Received cash from the railway in full settlement of claim for damaged in transit. 800 April 12 Rs.8,646 received from Divya and allowed him discount Rs.54 April 14 Sold 60 shares in Rs.17 per share, brokerage paid Rs.50 April 20 Paid for Rent 2,000 April 22 The auto rickshaw bought to deliver goods to customers 10,000
Asked by Topperlearning User
28th July 2016,
5:36 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Journalise the following transactions : 2016 Rs. May 2 Rent outstanding. 5,000 May 3 Received interest on loan from the debtor. 35,000 May 4 Paid installation charges of a machine Rs.1,350 in cash. May 5 Out of insurance paid this year, Rs.4,000 are related to next year. May 21 Returned goods to Sita. 850
Asked by Topperlearning User
28th July 2016,
5:34 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Journalise the following transactions : 2016 Rs. May 2 A fire occurred in godown of Lina and she lost goods worth Rs.10,000. The stock was not insured. May 3 Lina took goods worth Rs.2,500 (cost) for his personal use. May 4 Paid Income Tax 4,000 May 5 Interest on capital 500
Asked by Topperlearning User
28th July 2016,
5:32 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Journalise the following transactions : 2016 Rs. May 2 Paid interest to Loan 4,000 May 3 Ramesh who owed Rs.3,000 has become insolvent. He pays 50 paise in rupee in full settlement May 4 A cheque received from Ranjan deposited into bank was returned dishonored 6,300 May 5 Wood used for making office furniture 5,000 May 21 Due from Rama are bad debts 600 May 25 Purchased building and issued cheque 4,300
Asked by Topperlearning User
28th July 2016,
5:26 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Rebello purchased from Rs.100 each on which he is given 20% Trade Discount. He is further given 2% Cash Discount as he made payment for the purchases immediately. Calculate the amount that Rebello will debit in purchases account. Pass necessary journal entries for the following transaction.
Asked by Topperlearning User
4th July 2016,
12:36 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Give journal entries for the following: i. Received only 60 paise in rupee from official receiver of Mr.Vinod who owed Rs.10,000. ii. Paid Rs.7,300 to Raj in full settlement of his account of Rs.7,500. iii. Received cash from Vinod for a bad debt written off last year Rs.500.
Asked by Topperlearning User
1st July 2016,
4:02 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
What do you mean by discount? Explain the types of discount.
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
What are the steps involved in journalising?
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Is journal a book of original entry? Explain
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Write down the limitations of a journal.
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Explain bad debts in brief. Give an example.
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Give the format of a journal and explain in detail.
Asked by Topperlearning User
14th June 2016,
5:30 PM
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I
Define journal and journalising.
Asked by Topperlearning User
14th June 2016,
5:30 PM
