Please select a subject first
Advertisements
Advertisements
Do you agree with the following statement:
Transactions recorded on both debit and credit side of Cash Book is known as Contra Entry.
Concept: undefined >> undefined
Complete the following sentence:
Cash Book does not record the ______ Transactions.
Concept: undefined >> undefined
Advertisements
Define book-keeping.
Concept: undefined >> undefined
Give Journal entries of the following posting from the ledger account:
|
In the books of Sopan Cash Account |
|||||||
| Date | Particulars | J.F. | Amt (₹) | Date | Particulars | J.F. | Amt (₹) |
| 2019 | 2019 | ||||||
| Feb. 1 | To balance b/d | 8,000 | Feb. 5 | By Telephone | 750 | ||
| 3 | To Sales A/c | 700 | Charges A/c | ||||
| 6 | To Interest A/c | 600 | 9 | By Purchases A/c | 800 | ||
| 8 | To Jayashree's A/c | 1,500 | 28 | By Balance c/d | 9,250 | ||
| 10,800 | 10,800 | ||||||
| Mar. 1 | To Balance b/d | 9,250 |
|
||||
| Purchases Account | |||||||
| Date | Particulars | J.F. | Amt (₹) | Date | Particulars | J.F. | Amt (₹) |
| 2019 Feb. 9 | To Cash A/c | 800 | 2019 Feb.28 | By Balance c/d | 800 | ||
| 800 | 800 | ||||||
| Mar. 1 | To Balance b/d | 800 | |||||
| Jayashree's Account | |||||||
| Date | Particulars | J.F. | Amt (₹) | Date | Particulars | J.F. | Amt (₹) |
| 2019 | 2019 Feb. 8 | By Cash A/c | 1,500 | ||||
| Feb. 15 | To Sales A/c | 5,000 | 28 | By Balance c/d | 3,500 | ||
| 5,000 | 5,000 | ||||||
| Mar. 1 | To Balance b/d | 3,500 | |||||
Concept: undefined >> undefined
Prepare necessary Ledger Accounts from the following Subsidiary Books.
| Dr. | Purchase Book | Cr. | ||
| Date | Particulars | Inward Invoice No. | L.F. | Amount (₹) |
| 2019 | ||||
| Oct. 2 | Amol | 7,500 | ||
| 7 | Aishwarya | 2,400 | ||
| 11 | Vivek | 3,900 | ||
| 17 | Sheth | 6,500 | ||
| 27 | Shabari | 1,000 | ||
| Total | 21,300 | |||
| Dr. | Purchases Return Book | Cr. | ||
| Date | Particulars | Debit Note No. | L.F. | Amount (₹) |
| 2019 | ||||
| Oct. 10 | Aishwarya | 480 | ||
| 20 | Sheth | 650 | ||
| 28 | Shabari | 200 | ||
| Total | 1,330 | |||
Concept: undefined >> undefined
| Cash Sales | Credit Sales | Sales Return | Total Sales | |||
| ? | + | 60,000 | - | 3,000 | = | 1,02,000 |
Concept: undefined >> undefined
Prepare a two-column Cash Book with the help of the following information for January 2018.
| January 2018 | Amt (₹) | |
| 01 | Started business with cash | 1,20,000 |
| 03 | Cash paid into Bank of Baroda | 50,000 |
| 05 | Purchased goods from Sakshi on credit | 20,000 |
| 06 | Sold goods to Divakar and received a bearer cheque | 20,000 |
| 10 | Paid to Sakshi cash | 20,000 |
| 14 | Cheque received on December 06, 2018, deposited into Bank | |
| 18 | Sold goods to Shivaji on credit | 12,000 |
| 20 | Cartage paid in cash | 500 |
| 22 | Received cash from Shivaji | 12,000 |
| 27 | Commission received | 5,000 |
| 30 | Drew cash for personal use | 2,000 |
Concept: undefined >> undefined
Record the following transactions in the Cash Book of M/s Kamal Traders. Balance for the month of July 2018: Cash in hand ₹ 2,000 and balance in Bank Current account ₹ 8,000.
| July 2018 | Amt (₹) | |
| 03 | Cash Sales | 2,300 |
| 05 | Purchased goods and amount paid by cheque | 6,000 |
| 08 | Cash Sales | 10,000 |
| 12 | Paid General Expenses | 700 |
| 15 | Sold goods and amount received by Cheque and deposited into Bank | 20,000 |
| 18 | Purchased Motor Car paid by Cheque | 15,000 |
| 20 | Cheque received from Mrunal deposited into Bank | 10,000 |
| 22 | Cash Sales | 7,000 |
| 25 | Mrunal’s cheque returned dishonoured | |
| 28 | Paid Rent | 2,000 |
| 29 | Paid Telephone expenses by cheque | 500 |
| 31 | Cash is withdrawn from Bank for personal use | 2,000 |
Concept: undefined >> undefined
Answer in One Sentence.
What is meant by Goods?
Concept: undefined >> undefined
Answer in One Sentence:
What is meant by Goods?
Concept: undefined >> undefined
Answer in One Sentence:
What is meant by Goods?
Concept: undefined >> undefined
Answer in One Sentence:
What is meant by Goods?
Concept: undefined >> undefined
Answer in one sentence:
What is meant by Goods?
Concept: undefined >> undefined
Answer in One Sentence:
What is meant by Goods?
Concept: undefined >> undefined
Answer in One Sentence:
What is meant by Goods?
Concept: undefined >> undefined
Select the most appropriate alternative from the given below and rewrite the statement.
A commodity in which a trader deals is known as _______________.
Concept: undefined >> undefined
State whether the following statement is true or false with reasons:
Accounting is the language of business.
Concept: undefined >> undefined
State whether the following statement is true or false with reasons:
In civilization, accounting was done by owners.
Concept: undefined >> undefined
Do you agree or disagree with the following statement:
Accounting is useful only to the owner.
Concept: undefined >> undefined
Do you agree or disagree with the following statements :
Totalling of Journal or Ledger is called as casting.
Concept: undefined >> undefined
