journal entry for
purchase goods for Rs60,000 and paid Rs2,000 for carriage
Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2006:
Rs
01
Goods sold to Sachin
5,000
04
Purchase from Kushal Traders
2,480
06
Sold goods to Manish Traders
2,100
07
Sachin returned goods
600
08
Returns to Kushal Traders
280
10
Sold to Mukesh
3,300
14
Purchased from Kunal Traders
5,200
15
Furniture purchased from Tarun
3,200
17
Bought of Naresh
4,060
20
Return to Kunal Traders
200
22
Return inwards from Mukesh
250
24
Purchased goods from Kirit & Co. for list price of
5,700
less 10% trade discount
25
Sold to Shri Chand goods
6,600
less 5% trade discount
26
Sold to Ramesh Brothers
4,000
28
Return outwards to Kirit and Co.
1,000
Ramesh Brothers returned goods Rs 500.
Enter the following transaction in the Cash BOok with cash and bank columns:
2011
June 1 Cash in Hand Rs 800 and Bank Overdraft Rs 5700
June 7 Receieved a cheque from Bharati Rs 3250
JUne 9 Deposited above cheque in the bank
June 12 Paid to bhavna by cheque Rs 2425
june 15 Bharti's cheque dishonored
June 20 withdrew from bank for office use Rs 250
june 25 Cheque received from Panna lal Rs 1200
june 28 Panna Lal's cheque was endorsed in favour of kamal
June 30 Income tax paid by cheque Rs 150
June 30 Bank Charges Rs 25
Enter the following transactions in the cash book with cash and bank column1st jan 2012-cash in hand-4000 cash at bank-120004th jan 2012-Sold goods for cash-132005th jan 2012-recieved from suresh-25006th jan 2012-recieved a cheque from ravi and immediatly depsited into bank-6400(please state the transaction for this)7th jan 2012-salaries paid by cheque10th jan 2012-paid sudhir by cheque-500012 jan 2012-paid for travelling expenses-120015th jan 2010-cash purchases16 jan 2012-cash deposited into bank-1000020th jan 2012-cash sales-15100 purchased machinery and payment made by cheque-680021 jan 2012-paid wages for installation of machinery-40022jan 2012-withdrew from bank for office use-750023rd jan 2012-recieved a cheque from anil and deposited it into bank-460027th jan 2012-anil's cheque dishonored by bank-460028 jan 2012-purchased typewriter and payment made by cheque-800030 jan 2012-paid salary-12031 jan 2012-paid into bank-1200
give journal entry for the below'
1.brokerage due rs.500
2.purchased cow for business rs.20000
Prepare double column cash book from the following transactions for the year December 2005:
Cash in hand
17,500
Cash at bank
03
Purchased goods for cash
3,000
05
Received cheque from Jasmeet
10,000
Sold goods for cash
7,000
Jasmeet’s cheque deposited into bank
12
Purchased goods and paid by cheque
20,000
Paid establishment expenses through bank
18
Cash sales
Deposited into bank
Paid trade expenses
500
27
Received commission by cheque
6,000
29
Paid Rent
2,000
30
Withdrew cash for personal use
1,200
31
Salary paid
pass necessary journal entries for the following transactions
opening balance for cash in hand rs.20,000.cash at bank rs 30,000.bills receiable rs 40,000. ram's account(debit balance)rs.50,000.shyams account (credit balance)rs.20,000.outstanding expenses rs.20,000
What is difference between trade discount and cash discount?
Will transactions having trade discount and cash discount be recorded in the double column cash book?why?
why contra enteries r not posted in the ledger ?
what is a petty cash book? what are the rules for entering the transactions in it?
journal entry for
purchase goods for Rs60,000 and paid Rs2,000 for carriage
Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2006:
Rs
01
Goods sold to Sachin
5,000
04
Purchase from Kushal Traders
2,480
06
Sold goods to Manish Traders
2,100
07
Sachin returned goods
600
08
Returns to Kushal Traders
280
10
Sold to Mukesh
3,300
14
Purchased from Kunal Traders
5,200
15
Furniture purchased from Tarun
3,200
17
Bought of Naresh
4,060
20
Return to Kunal Traders
200
22
Return inwards from Mukesh
250
24
Purchased goods from Kirit & Co. for list price of
5,700
less 10% trade discount
25
Sold to Shri Chand goods
6,600
less 5% trade discount
26
Sold to Ramesh Brothers
4,000
28
Return outwards to Kirit and Co.
1,000
less 10% trade discount
28
Ramesh Brothers returned goods Rs 500.
Enter the following transaction in the Cash BOok with cash and bank columns:
2011
June 1 Cash in Hand Rs 800 and Bank Overdraft Rs 5700
June 7 Receieved a cheque from Bharati Rs 3250
JUne 9 Deposited above cheque in the bank
June 12 Paid to bhavna by cheque Rs 2425
june 15 Bharti's cheque dishonored
June 20 withdrew from bank for office use Rs 250
june 25 Cheque received from Panna lal Rs 1200
june 28 Panna Lal's cheque was endorsed in favour of kamal
June 30 Income tax paid by cheque Rs 150
June 30 Bank Charges Rs 25
Enter the following transactions in the cash book with cash and bank column
1st jan 2012-cash in hand-4000
cash at bank-12000
4th jan 2012-Sold goods for cash-13200
5th jan 2012-recieved from suresh-2500
6th jan 2012-recieved a cheque from ravi and immediatly depsited into bank-6400(please state the transaction for this)
7th jan 2012-salaries paid by cheque
10th jan 2012-paid sudhir by cheque-5000
12 jan 2012-paid for travelling expenses-120015th jan 2010-cash purchases
16 jan 2012-cash deposited into bank-10000
20th jan 2012-cash sales-15100
purchased machinery and payment made by cheque-6800
21 jan 2012-paid wages for installation of machinery-400
22jan 2012-withdrew from bank for office use-7500
23rd jan 2012-recieved a cheque from anil and deposited it into bank-4600
27th jan 2012-anil's cheque dishonored by bank-4600
28 jan 2012-purchased typewriter and payment made by cheque-8000
30 jan 2012-paid salary-120
31 jan 2012-paid into bank-1200
give journal entry for the below'
1.brokerage due rs.500
2.purchased cow for business rs.20000
Prepare double column cash book from the following transactions for the year December 2005:
Rs
01
Cash in hand
17,500
Cash at bank
5,000
03
Purchased goods for cash
3,000
05
Received cheque from Jasmeet
10,000
08
Sold goods for cash
7,000
10
Jasmeet’s cheque deposited into bank
12
Purchased goods and paid by cheque
20,000
15
Paid establishment expenses through bank
1,000
18
Cash sales
7,000
20
Deposited into bank
10,000
24
Paid trade expenses
500
27
Received commission by cheque
6,000
29
Paid Rent
2,000
30
Withdrew cash for personal use
1,200
31
Salary paid
6,000
pass necessary journal entries for the following transactions
opening balance for cash in hand rs.20,000.cash at bank rs 30,000.bills receiable rs 40,000. ram's account(debit balance)rs.50,000.shyams account (credit balance)rs.20,000.outstanding expenses rs.20,000
What is difference between trade discount and cash discount?
Will transactions having trade discount and cash discount be recorded in the double column cash book?why?
why contra enteries r not posted in the ledger ?
what is a petty cash book? what are the rules for entering the transactions in it?
Cash sales Rs.80,000 ,credit sales Rs.3,30,000 ; sales return Rs.10,000 ;purchases Rs.2,48,000 ; purshases return Rs.8,000 ; carriage inwards Rs.16,000 ; closing stock Rs.72,000 ; rate of gross profit is 40% on sales.