All unsolved questions from his books/notes are solved by SANTOSH SIR in his video classes. Post to ledger accounts c. Prepare a trial balance at July 31,2005. a. Incorporators infused P12.5 million cash in a newly organized corporation, ASC Company, a trading company. During August 2016, its transactions included the following: 03. 70. I truly appreciate this post. You are required to prepare Trading and Profit and Profit and Loss Account / Income Statement for the year ended May 31 st, 2020 and Balance Sheet as on that date. Ever since the time I first visited your site I’ve applied your tricks , they have really enhanced my day to day activities. 12. I’m slightly certain I will learn many new stuff proper right here! 18. 5. Made repairs to boat of Dennis Copper and collected in full the charge of Rs. Advanced Accountancy (Vol. Our library is the biggest of these that have literally hundreds of thousands of different products represented. $ Aug. 01 Commenced business with cash 10,000 Aug. 03 Bought goods for cash 300 Aug. 05 Bought furniture for cash 2,000 Aug. 07 Sold goods to Nasir 1,000 Aug. 10 Purchase goods from Salman & Co. 300 Aug. 17 Sold goods for cash 150 Aug. 20 Received cash from Nasir $900 and allowed him discount $100 Aug. 24 Paid salary to clerk 50 Aug. 26 Paid cash to Salman & Co. $290 and received discount $10 Aug. 27 Bought weighting scale & iron safe for cash 185 Aug. 30 Paid general expenses for the current month 50 Aug. 30 Paid rent 100 Aug. 30 Paid salary 500 Aug. 31 Paid trade expenses 30, sir send some difficult journal entries for practice or any pdf of journal entriese, Managerial accounting ki book download kr lo soft copy mein. by investing rs 100000 in cash and furniture worth 100,000 investment worth rs 50,000 machines rs rs 100,000 shares at rs 40,000 and bulding 100000 . Reserve for discount is no longer required and is to be written back. 12500 10. 8. Thanks! Required fields are marked *. On January 10, 2019, provides $5,500 in services to a customer who asks to be billed for the services. Bad Debts during the period was Rs.100. Rs. Problem 1: On April 01, 2016 Anees started business with Rs. b. ASC Company bought land and building for P6 million cash.
Nice write up. 29: The business acquires photography equipment. 1,500 and sale by cash Rs. The following Trial Balance of Hashim & Ibrahim Enterprises as on December 31st, 2019, Prepare Financial Statement in horizontal style. New Delhi: Tata McGraw Hill. BRANCH ACCOUNTS SOLUTIONS TO ASSIGNMENT PROBLEMS PROBLEM No. 1,500; Carriage Rs. 3200,paid to K&Co. Previous Lesson: Accounting Equation Solved Questions, Next Lesson: General Ledger Practice Questions. 200 as free samples and goods taken away by the proprietor for personal use Rs. Office expenses outstanding Rs. 1 (A) Debtors Method: Delhi Branch Account 2010 Particulars Rs. 100,000 and other transactions for the month are: 2. You cann’t imagine simply how much time I had spent for this information! To get started finding Branch Accounts Problems And Solutions , you are right to find our website which has a comprehensive collection of manuals listed.
On January 15, 2019, pays a $300 utility bill with cash. Billed to Nasir for services rendered Rs. XD.
A provision for doubtful debts is to be created to the extent of 5% on sundry debtors. 300 and provision for discount on debtor @ 2 % to be made. ees question ka answer journal entry kar ka bhtao, Cash A/c Dr 100000 Furniture a/c Dr 100000 Machinery a/c Dr 100000 Investment a/c Dr 50000 Stocks a/c Dr 40000 Building a/c Dr 100000 To Capital a/c Cr 490000, Bank a/c Dr 200000 To Loan a/c Cr 200000, Your email address will not be published. I truly appreciate this post.
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