pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

0 Answers   Marketing Sales,

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which assets may have credit balance ?

3 Answers  

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What is negative goodwill?

3 Answers   Wipro,

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How many ways can i increase paid up capital? Can i use retained earnings and change into paid up capital? If yes, what are the entries in the books?

2 Answers   ABC,

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Explain fictitious assets?

0 Answers  

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Do you have any professional experience in this field?

0 Answers  

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how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 Answers  

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In the General Ledger.. When putting discounts, you put discounts on the DR side for Creditors and Discounts on the CR for Debitors.. Which side does discount go on for the rest of the accounts such as Purchases, M Dog, L Shirt, and L Dress?

1 Answers  

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what is meant by debit and credit

4 Answers  

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what is the unique thing about employees that employers expect to see at an interviews.

1 Answers  

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A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.

1 Answers  

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if the chq is dishonored which entry will be passed???????? give example entry

2 Answers  

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