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Jibin Johnson
Subject: Accountancy
, asked on 16/5/18
write the journal entry dor the following:
1. out of rent paid this year is rs 2000 relates to the next year
2. sold goods to Ram list price rs 2000 trade discount 10% and cash discount 5%, he paid on the same day.
3. recievd rs 4,875 from leela in full settlement of rs 5000 due from her.
Answer
1
Tushar
Subject: Accountancy
, asked on 14/3/18
Solve qno 13
Q13. Vikram, a plastic goods trader set fire in the own shop as he was suffering continuous losses in his business. He taken a fire insurance policy just three months before the fire broke out. He manipulated the accounts and lodged a claim for Rs. 1,00,000. He succeeded in getting the full claim from the insurance company. Give necessary journal entries and state which values are being violated.
Answer
1
Tushar
Subject: Accountancy
, asked on 20/1/18
Discuss the concept based on the premise do not anticipate profits but provide for all losses. Also identify the values involved in adopting the above mentioned principle.
Answer
1
Srishti
Subject: Accountancy
, asked on 9/9/17
Shri rakesh has started his business of retail trade at a moderate level on october 1, 2012. He desires that he should prepare first profit and loss account and balance sheet on march 31,2013 and therafter every year on march 31. You have to appraise his decision and ascertain whether his decision if justified.
Answer
1
Srishti
Subject: Accountancy
, asked on 9/9/17
Mr harish purchased a motorcycle for his son on credit and recorded as purchase of asset in business. Which accounting principle has been violated.
Answer
2
Srishti
Subject: Accountancy
, asked on 9/9/17
Under Which accounting concept asset is recorded at cost ,even if the market price is more or less?
Answer
1
Idk
Subject: Accountancy
, asked on 4/9/17
Name the source documents required for recording the following transactions
1)Purchased goods for cash
2)Returned goods to creditor
3)payment of electric bill
4)Rent outstanding
Answer
1
Srishti
Subject: Accountancy
, asked on 3/9/17
Q.15. Shri Rakesh has started his business of retail trade at a moderate level on October 1 2012. He desires that he should prepare first Profit and Loss Account and Balance Sheet on March 31, 2013 and thereafter every year on March 31. You have to appraise his decision and ascertain whether his decision if justified.
Answer
1
Srishti
Subject: Accountancy
, asked on 3/9/17
Q14
Answer
1
Srishti
Subject: Accountancy
, asked on 3/9/17
Q13
Answer
1
Srishti
Subject: Accountancy
, asked on 3/9/17
Q12
Answer
0
Srishti
Subject: Accountancy
, asked on 3/9/17
Q11
Answer
0
Srishti
Subject: Accountancy
, asked on 3/9/17
Q.10. Under which concept if advance is received against sale of goods, the advance received is recorded as 'Advance against Sale' and not Sales?
Answer
2
Srishti
Subject: Accountancy
, asked on 3/9/17
Q.9. 'Capital is a liability for the business.' Explain this statement with the principle applied.
Answer
2
Srishti
Subject: Accountancy
, asked on 3/9/17
Q8
Answer
2
1
2
3
4
5
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What are you looking for?
1. out of rent paid this year is rs 2000 relates to the next year
2. sold goods to Ram list price rs 2000 trade discount 10% and cash discount 5%, he paid on the same day.
3. recievd rs 4,875 from leela in full settlement of rs 5000 due from her.
Q13. Vikram, a plastic goods trader set fire in the own shop as he was suffering continuous losses in his business. He taken a fire insurance policy just three months before the fire broke out. He manipulated the accounts and lodged a claim for Rs. 1,00,000. He succeeded in getting the full claim from the insurance company. Give necessary journal entries and state which values are being violated.
1)Purchased goods for cash
2)Returned goods to creditor
3)payment of electric bill
4)Rent outstanding