sunil started business with cash 1 50 000
Mohit started a business with a cash of Rs. Payment for machinery was made by cheque and installation expenses were paid in cash. Pass Journal entries in the books of Raghunath from the following transactions:- 1994 June 1 Raghunath started business with cash Rs. 10,000 and borrowed Rs. 5,000 during the year ended 31 st march, 2013 and withdrew cash Rs. The business was started with $300,000. 5,000 on its installation. (b) Purchase goods for cash ₹ 20,000 and on credit ₹ 30,000. Show the accounting equation on the basis of following transactions: 8 : Nagpal returned one-fourth of the above goods. (b) Purchase goods for cash ₹ 20,000 and on credit ₹ 30,000. ... 2013 with a starting of $1,500,000 and 10,000 common stock shares at $50 par value. 3, 50,000. (c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit of 20%. He earned a profit of Rs. Cheque is immediately sent to bank This company was incorporated January 1, 2014. 1,50,000 in a business called Bobbie Consulting. 20,000 June 2 Sold goods to Nandlal of the list price of Rs. The land was worth Rs. Bought goods for cash of the list price of ₹ 80,000 at 10% trade discount and 2 1 2 % cash discount. 8,00,000. 1. (d) Paid salaries ₹ 8,000. Harsha started business with cash ₹ 2,00,000; Purchased goods from Naman for cash ₹ 40,000 1, 25,000 and an advance of Rs. 4,00,000 cash and office equipment with Rs. Bough furniture for Rs. June 12 Sold goods for Rs. Solution: Question 18. 98,500. Opened a bank account with an amount of Rs. 2,00,000 cash and a long term note payable for Rs. Solution: Question 18. 20,000 at trade discount of 10% June 4 Nandlal returned goods of the list price of Rs. 1. 80,000, Goods Rs. (a) Started business with cash ₹ 1,00,000. 1,00,000 and spent Rs. June 10 Purchased a machinery for Rs. (a) Invested Rs. 10,000 in cash … Bought Plant and Machinery from Ramlal for the business for Rs. (vii) Goods lost in theft – ₹ 5,000, which were purchased paying IGST @ 12% from Alwar, Rajasthan. 6 : Sold goods to Nagpal of the list price of ₹ 50,000 at 20% trade discount. 5 : Sold goods for cash of the list price of ₹ 1,00,000 at 15% trade discount and 3% cash discount. 1,00,000 to Amar. Show the accounting equation on the basis of following transactions: Prepare the accounting equation on the basis of the following data. 6, 00,000. 5, 80,000. (b) Purchased land and a small office building. 3,000 from a friend. (d) Paid salaries ₹ 8,000. The purchase price was price was paid with Rs. (v) Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount plus CGST and SGST @ 6% each and received a net of ₹ 8,500. 60,000 and issued cheque for the same. 1,50,000 and the building worth Rs. June 13 Amar clears his account by giving a cheque of Rs. 4,000 Show an accounting equation 1.Sunil started business with cash 150000 2.he purchased a b building an and furniture for 1000003.he purchase good from ram on credit 50000 4.he paid cartage 500 5.he sold to sorry Shayan on credit goods close costing 6000 for 9000 6.receive rent from tenants 10007 received security deposits from tenants 1500 8.purchased stationary for cash … 10 The company started business on June 6, 2013. (c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit of 20%. Mohan started a business on 1 st April 2014 with a capital of Rs. 4,000 for private use. 40,000 and Furniture Rs. (a) Started business with cash ₹ 1,00,000. (vi) Provided interest on capital of ₹ 1,00,000 @ 10% per annum.