On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000
cash and opened a bank account with Rs.1,50,000. He
purchased furniture for his business for Rs.25,000. Goods
were bought from Deendayal for Rs.50,000 on credit. He sold
goods for Rs.27,000 in cash and 30,000 on credit. He paid
Rs. 2,500 for business expenses during April month. Rs.
10,000 was withdrawn for office purposes from the bank. Find
out the closing balance of cash and bank.
- 13 Answers
- 13857 Views
- I also Faced
- E-Mail Answers
Answer Posted / arju
Request all to give me a detailed step by step answer.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
EXPAND______________IARCS
What is the content of purchase order? n content of voucher? what is the main use of voucher.
Short Answer on _______Appropriation
what are the purpose for the preparation of cost centre ?
euro currency market
why cost center is assign to gl account in sap
what is CDD’s configuration
Short Answer on ______Budget
how to calculate share values of a company.
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
What elements of your job do you find most difficult
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
WhatIs the limit of duty exemption in smal scale industries.
What is difference between cash flow and funds flow?
