Received interest for rs. 14 000 journal

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WebbPurchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store 14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5, 18. Owner withdrew of … WebbThe company earned the interest of $ 5,000 for the December month on bank deposit, but the same was received on January 07, 2024. Analyze the treatment of the interest …

JOURNAL ENTRY PRACTICE QUESTIONS.pdf - 1. Journalize the...

Webb24 nov. 2024 · (i) Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500. (ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750. (iii) Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash. (iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000. Webb2 maj 2024 · For instance, it is recorded as an asset when a payment to the third party is made in advance and liability when an entity receives rent from a third party. Rent paid in advance is not a complicated concept to understand but surely requires attention at the month-end reconciliation as failure to record accurately may lead to material … mobile money operators in ghana

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WebbThese solutions for Journal are extremely popular among Class 11 Commerce students for Accountancy Journal Solutions come ... Received from Krishna Allowed him discount Paid cash to Shyam Discount received Krishna returned goods Cash sales for the month Paid rent Paid salary ₹ 1,00,000 20,000 50,000 10,000 15,000 22,500 12,500 500 21,500 ... WebbSold goods for cash to Rs.24,000. viii. Sold goods to Mahendra on credit Rs.46,500. ix. Cash withdrawn by Ajit for personal use Rs.5,000. Solution: Question 14. Journalise the following transactions : i. Deposited cash into bank Rs.80,000. ii. Paid salary Rs.46,000. iii. Withdrew from the bank Rs.50,000 for office use. iv. WebbCash sales of worth Rs. 25,000. Bought goods on credit from Salman of worth Rs. 50,000. Sales on account to Ali Raza Rs. 12,000. Purchase furniture of the value of Rs. 5,000 by cash. Received cash form Ali Raza of Rs. 10,000. Return defective furniture of worth Rs. 1,500. Paid wages Rs. 1,000, Rent 2,000 and Electricity Bill Payable Rs. 1,500 mobile money services in ghana

TS Grewal Solutions for Class 11 Accountancy Chapter 8 - Journal …

What will be the journal entry for received interest of Rs. 1,000 from

Webb9 feb. 2024 · Pass necessary journal entries and prepare 9% Debentures Account for the issue of 7,500,9% Debentures of ₹ 50 each at a discount of 6%, redeemable at a premium of 10%. (CBSE Delhi 2024, Modified) Answer: Question 7. Krishna Ltd. had (an unlisted company) outstanding 20,000, 9% debentures of₹ 100 each on 1st April, 2014.. Webb(Received from K. Krishna was wrongly debited, now rectified ) Drawings A/c. Dr. 3,000 . To Travelling Expense A/c . 3,000 (Amount withdrawn by proprietor for personal use wrongly posted to . Travelling Expenses Account, now rectified) R.Gopalan. Dr. 18 . To Suspense A/c . 18 (R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now ... inkasso osnabrueck.creditreform.deWebbThe company can make the received payment on account journal entry by debiting the cash account and crediting the accounts receivable for the amount received. This … mobile monitor and keyboard

"WebbThe report further elaborates the year-on-year increase in the gross income of commercial and Islamic banks in the first quarter of 2015, was due mainly to a 5.2 per cent rise in the … " - Received interest for rs. 14 000 journal

Received interest for rs. 14 000 journal

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Webb24 juli 2024 · Received dividend ₹500 and Interest ₹400 - 1334071. hs3866605 hs3866605 24.07.2024 ... The journal entry for Dividened & Interest Received is :- Cash A/c ----- Dr ... 2% and paid cheque for the balance. 9 Received repayment of loan from Elangovan Rs.10,000. 12 Paid into Bank Rs.5,000. 14 Paid Rs. 1,400 to Aravind ... Webb4000. Note : Interest on FD to be received is Rs 4000 as we made FD on 1 December 2024 and Financial Year Close on 31March therefore 12000/12 = 1000 is interest for one …

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WebbGive journal entries for the following transactions giving in each case the nature of account (whether asset, liability, capital, expenses or revenue) and the rule applicable: i. Ajit … WebbFör 1 dag sedan · If the prevailing interest rate for fixed deposits is 7% per annum, Ms. Jane received 3,500 as interest at the end of the year. Therefore, ‘Interest Received A/c’ …

WebbPass Journal entries for the followings: (i) Interest due but not recevied Rs. 4,000. (ii) Salaries due to staff Rs. 25,000. (iii) Out of the rent paid this year, Rs. 2,000 relates to the … Webb2. Received Rs. 1,000 from sales of old newspapers and Rs. 5,000 from sales of old chairs. 3. Goods given away as charity goods costing Rs. 7,000. 4. Received Cash from a debtor written off as bad-debt last year Rs. 20,000. 5. Sold goods costing Rs. 50,000 to Ashok on credit at a profit of 20% on cost. 6. Sold goods costing Rs. 1,00,000 for Rs ...

WebbJournalise the following transaction: Ambuj, a debtor for Rs. 10,000 has become bankrupt and half the amount is received from his estate. Medium View solution > View more More From Chapter Recording of Transactions - I View chapter > Revise with Concepts Classification of Accounts Example Definitions Formulaes WebbQ. Give journal entries for the following adjustments in final accounts: (i) Salaries ₹ 5,000 are outstanding. (ii) Insurance amounting to ₹ 2,000 is paid in advance. (iii) ₹ 4,000 for …

WebbOn January 9, 2024, receives $4,000 cash in advance from a customer for services not yet rendered. On January 10, 2024, provides $5,500 in services to a customer who asks to …

Webb10 mars 2024 · It is also known as a combine journal entry. For example: AB Co. purchased goods worth Rs. 50,000 and paid 30% amount in cash and the balance by cheque. So, in the above transaction, there are three accounts involved these are shown as following: Purchase Account Cash Account Bank Account inkasso paigo gmbh telefonnummerWebb17 juni 2024 · On 15 th March, Mr Ajay commenced a business named AK Traders with cash Rs 30,000; bank Rs 200,000; computer and equipment Rs 70,000; stock (inventory) … inkasso nordhornWebbHad Rs.12,00,000, 11% Debentures outstanding on 1st April, 2012. During the year, it took a loan of Rs.4 Lakh from Canara Bank for which company deposited debentures of Rs. … mobile money tariff rwandaWebb22 sep. 2024 · Find an answer to your question Received interest of Rs 5,000. ... Received interest of Rs 5,000.(how many accounts in this question on journal entry) See answer … inkasso oder factoringWebb7 mars 2024 · 1.Goods purchased for Rs 10000 from A Ltd,amount paid by cheque Entries Purchase A/c Dr To A A To Bank ... First Entry is Journal (it is not purchase as there is no purchase account) ... Sales to Z Ltd Rs 50000,amount received by cheque Z Dr To Sales Bank Dr To Z What type of Voucher Entry? View Answer ... mobile monobloc fs shiny 09 3ngr0165WebbIn this case, we can make the journal entry for borrowing the $20,000 money from the bank on July 1, 2024, as below: July 1, 2024: Then, on December 31, 2024, which is our period … mobile monitor app downloadWebb(i) D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque; goods ₹ 60,000; machinery ₹ 1,00,000 and furniture ₹ 50,000. (ii) 1/3rd of above goods sold at a profit of 10% on cost and half of the payment is received in cash. (iii) Depreciation on machinery provided @ 10%. (iv) Cash withdrawn for personal use ... inkasso panther