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Subject: Accountancy, asked on 5/9/17

Please answer this question fast 

7. Mr. Badri Prasad carries on business of Grocery for last ten years. His business transactions for the month of January/ 2000 are given below. You are required to draft three columns cash book from the following details :
 

 
[Ans: Cash Balance Rs. Nil; Bank Balance Rs. 35,850, Discount Total Rs. 220 and Credit Total Rs 320]

Subject: Accountancy, asked on 26/8/17

how do we get to now about when to use bank column or discount column in double column cash book

Subject: Accountancy, asked on 25/8/17

We know that we don't have to record the discount allowed and received (nor have to reduce it) in cash book. But there are several examples where it is reduced and some where it isn't .. why so?

Subject: Accountancy, asked on 15/8/17

Ques no 6 please answer please

Subject: Accountancy, asked on 13/8/17

Salary paid during the year Rs. 15000 upto the Third quarter

Subject: Accountancy, asked on 5/8/17

prepare a three column cash book from the following transaction ......its urgent please help

Subject: Accountancy, asked on 23/7/17

​difference between cash book and cash account.

Subject: Accountancy, asked on 10/7/17

Plz slove all transatication 02 03 plz slove

Subject: Accountancy, asked on 7/7/17

Plz slove 3 and 4 transaction plz plz slove

Subject: Accountancy, asked on 7/7/17

Plz slove all question plz plz

Subject: Accountancy, asked on 6/7/17

Plz slove alll transaction plz slove all transaction

Subject: Accountancy, asked on 30/6/17

Plz slove all transaction in proper ways plz slove

Subject: Accountancy, asked on 26/6/17

goods having a price of 65000 were sold for 60000 as the buyer made the payment immediately his account was fully settled by accepting 59000 what is the trade discount and cash discount allowed by the firm

Subject: Accountancy, asked on 18/6/17

Case study 2 nd please slove

Subject: Accountancy, asked on 17/6/17

Case study first

CASE STUDY  - 1

Rakesh's Father gifted him a cricket bat on his birthday. The cost of the bat was Rs. 800. Few months later, Rakesh sold it  to Nishant, one of his school  friends,  for Rs. 850. He was very happy to earn a profit of Rs.50. He was boosted by this transaction  and after completing his studies, he formed a partnership business with his friend Nishant trading in bats and other sports materials under the name  M/s Rakesh Traders. Rakesh and Nishant  both act like an agent as well as principal of each other.  He started earning huge money out of same. His father suggested him to spend some money on social responsibilities. Rakesh then decided to distributed free sports goods to schools which were financially  weak.


Qus 1 Can the transaction between Rakesh and Nishant be termed as business transaction ? why or why not?
Qus 2 Can the transaction between M/s Rakesh Traders and other persons be termed as business transaction ?
Qus 3 Identify the value which according to you motivated Rakesh in distributing free sports goods.

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