WebApr 1, 2024 · 8 Paid for Salary ₹ 8,000. 12 Purchased goods from Ganesh ₹ 30,000 on credit. ... Journalise the following transactions in the books of Kunal Stores. 2024 August. 1 Purchased goods of ₹ 90,000 at 10% Trade Discount and 10% Cash Discount from Rakesh and 1/3rd amount paid by cheque.
Kunal corporation had sales of 60000 in august 80000 - Course …
WebSolution 1: Working Note:-(i) In transaction 6 goods costing Rs. 40,000 sold on 20% profit (40,000 × 20%) = 40,000 × 20100 = Rs. 8,000. Selling price of goods = 40,000 + 8,000 = Rs. 48,000. Point in Mind DK Goel Solutions Class 11 Chapter 6 :-. Accounting equation is based on the dual concept of accounting, according to which, every transaction has two … Web(i) Goods purchased from Kunal for ₹ 8,000 and from Kapil of ₹ 9,000 recorded correctly in the . Purchases . Book. However, ₹ 9,000 was posted to Kunal and ₹ 8,000 to Kapil. (ii) Anil's Account was excess debited by ₹ 500 while … organogram groothandel
TS Grewal Solutions for Class 11 Accountancy Chapter 13
WebCredit purchases from Micky Traders Rs 19,450 and they allowed a trade discount of Rs 150. 23. Nandini returned goods of Rs 1,900 (Gross) as they were damaged. 26. Purchased office furniture on credit from Suhani Furniture Mart Rs 55,000. 29. Purchased goods from Garima Stores for Rs 8,000 and sold the same to Anita at 25% profit on … Web(ii) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000. ... Paid salaries ₹ 8,000. Q. Prepare Accounting Equation from the following: (a) Started business with Cash ₹ 2,00,000. ... Kunal started business with cash 2,50,000 Rs (ii) He purchased furniture for cash 35,000 Rs (iii) He paid commission 2,000 Rs WebCredit purchase of goods from Mohan amounting to Rs.2,000 has been wrongly passed through the Sales Book. iii. Return of goods worth Rs.500 by a customer was entered in ‘Purchases Return Book’. iv. Cheque of Rs.400 received from Ranjan was dishonoured and debited to the Discount Account. v. Bill for Rs.820 received from Ramesh for repair of ... organogram for security company