4. Pass entries for the following transactions in the books of M/s Karthikeyan & Co. of Chennai: 2022 June 10 Purchased goods from Ravichandran of Madurai of the list price of ₹2,00,000 at 25% trade discount at 4% cash discount on purchase price of goods. June 25 Sold goods to Ramalingam of Erode of the … Read more
3. Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal.: (i) Purchased goods for ₹2,00,000 and payment made by cheque. (ii) Sold goods for ₹1,60,000 to Devki Nandan& Sons. (iii) Purchased goods for ₹50,000 on credit. (iv) Paid for printing and stationery ₹4,000. … Read more
2. Pass entries in the books of Devdhar & Bros. Odisha, assuming all transactions have been entered within the state, charging CGST and SGST @ 9% each: 2023 March 4 Purchased goods for ₹5,00,000 from Sunil Bros. 7 Goods returned to Sunil Bros. for ₹20,000 10 Sold goods to Mehta & Co. for ₹8,00,000 12 … Read more
1. Pass entries in the books of Mukerjee & Sons. assuming all transactions have taken place within the state of Uttar Pradesh. Assume CGST @9% and SGST @9%. 2023 March 4 Purchased goods for ₹5,00,000 from Mehta Bros, March 10 Sold goods for ₹8,00,000 to Munjal & Co. March 15 Paid for advertisement ₹40,000 by … Read more
9. A book-keeper extracted the following Trial Balance as at 3 1st March, 2023: Name of Accounts Balance Dr. ₹ Balance Cr.₹ Stock on 1.4.2022 2,50,000 Purchases 6,50,000 Sales 10,00,000 Motor Vans 3,80,000 Debtors and Creditors 1,50,000 94,000 Premises 3,00,000 Shop fittings 20,000 Interest on Bank Overdraft 16,000 Purchase Returns 10,000 Sales Returns 20,000 Lighting … Read more
8. The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : TRIAL BALANCE For the year ending 31st March, 2023 Particulars Rs. Particulars Rs. Cash in Hand 5,200 Bank Overdraft 16,400 Plant & Machinery 75,000 Capital 50,000 Typewriter 6,400 Goodwill 8,000 Stock (1-4-2022) … Read more
7. Following is the Trial Balance as at 31st March, 2015 : Name of Accounts L.F. Debit₹ Credit₹ Capital 3,20,000 Fixed Assets 1,80,000 Drawings 60,000 Debtors 2,40,000 Creditors 1,80,000 Purchases 7,10,000 Sales 10,50,000 Bank Balance 45,000 Cash in Hand 30,000 Salary 1,65,000 Rent 1,20,000 15,50,000 15,50000 Having prepared the Trial Balance, it was discovered that … Read more
6. The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form: Name of Accounts Balance Debit₹ Balance Credit₹ Land and Building 1,20,000 Plant and Machinery 92,000 Wages 18,200 Discount Allowed 1,620 Discount Received 730 Purchases 126,000 Sales 2,40,000 Return Inwards 6,500 Return Outwards 3,370 Opening Stock 15,000 Debtors … Read more
5. From the following ledger balances prepare trial balance : Capital ₹20,800, Rent outstanding ₹1,420, Amount due to Param, ₹15,000, Drawing ₹2,800, Goodwill ₹12,000, Interest received ₹2,000, Discount received ₹1,580, Amount due from Deepan ₹26,000. D.K.Goel/2024 Edition/Practical Questions/Q-05 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal … Read more
4. Following balances were extracted from the books of Ravinder Associates as at 31st March, 2023: Name of Accounts Rs. Name of Accounts Rs. Sundry Debtors 4,10,000 Stock (April 1, 2022) 2,30,000 Sundry Creditors 80,000 Premises 12,00,000 Rent and Taxes 48,000 Fixtures & Fittings 3,10,000 Purchases 34,00,000 Bad Debts written of 8,000 Sales 56,00,000 Rent … Read more