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Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
1983Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry
1 3752Ramana deposited directly in our Andhra Bank towards deposit for DealershipRs 15000/-Pass entry
6 8590Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
2241Good will of Rs 100000 brought by D,a new partner was withdrawn by the partners in equal ratios.Pass required entries
1 3631Sold goods worth Rs 75000/- inexchange of old furniture worth Rs 15000/- and balance in cash. Pass entr for it
1 4039A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry
5 6538Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
2226Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
2292Purchase of goods worth Rs 354800 from Anand traders which is inclusive of vat tax 4%. Pass entry showing vat in detail
1 3011Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
2143Post New Accounting AllOther Questions
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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
