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Subject: Accountancy, asked 2 weeks, 2 days ago

Started business contributing Rs.50,000 in cash; Rs.4,50,000 in cheque, building valued Rs.20,00,000 and loan from a friend Rs. 1,00,000
Journal entry.

Subject: Accountancy, asked 2 weeks, 3 days ago

Prepare a Double Column Cash book (Cash and Bank Column) from the following transactions:
2021
Feb.1 Cash in Hand Rs.1,200; Overdraft at Rs.15,000.
Feb.8 Sold goods to Naveen of Rs.15,000 & Cheque received for 40% .
Feb.10 Transferred from Current account to fixed Deposited account in the bank Rs.10,000.
Feb.12 Cheque of Naveen endorsed to Praveen in full settlement of his account .
Feb.18 Instructed the bank to issue a Bank Draft for Rs.5000 in favour of Shyam. Bank Charged Rs.40 for issuing the draft.
Feb.24 Cheques was dishonored Due to insolvency of Naveen. 40 Paisa in a Rupee recovered form his assets.

Subject: Accountancy, asked 2 weeks, 3 days ago

Rent received from Mr. Chirag Rs. 7,500 was credited to Chirag’s Account. Identify the type of error.

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