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Goods purchased from kunal for 8000

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 https://dreamsvacationtours.net

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

Journalise the following transactions in the books of Kunal Stores.

Category:TS Grewal Accountancy Class 11 Solution Chapter 17

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Goods purchased from kunal for 8000

Q.1 How will be the following errors rectified? (i) Purchases …

Web17 Goods worth Rs. 8,000 were purchased from Sunil on 5th March. Its payment was made today by cheque after deducting 5% cash discount. 18 Withdrawn from Bank Rs. 20,000 and Furniture was purchased for Rs. 15,000; the balanc taken by the proprietor. 20 Received a cheque from Ravi for Rs. 2,850 in settlement after deducting 5%. ... WebFeb 28, 2024 · 01 Purchased goods on credit from Dhanal Traders for ₹ 15,000 and sold the same to Kunal Traders at a profit of 25% on cost. 05 Placed an order with Sunetra …

Goods purchased from kunal for 8000

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WebRamchandra sold goods to Raman worth Rs. 8,000 and Raman accepted the bill for Rs. 8,000 at 2 months drawn by Ramchandra. Ramchandra discounted the bill with his bank at 6% p.a. ... On 15th September, 2024 Kunal purchased goods from Kishorilal for Rs. 38,000 and Kunal gave his acceptance after sight for 60 days on 18th September, ... WebPurchased goods for Rs.1,00,000 and availed Trade Discount of Rs.10,000. Paid Rs.5,000 to bank as installment, Rs.2,000 towards principal and Rs.3,000 as interest. Solution: Question 18. Journalise the following transactions in the books of Ajay: Ajay returned goods purchased from Manoj Rs.22,000. He had availed Trade Discount of Rs.2,200 on ...

WebPurchased goods from Naman for cash ₹ 40,000 (c) Sold goods to Bhanu costing ₹ 10,000/-for ... Kunal started business with cash ₹ 2,50,000 (b) He purchased furniture … WebSep 15, 2016 · Kunal started business with cash . 2,50,000 (b) He purchased furniture for cash . 35,000 (c) He paid commission . 2,000 (d) He purchases goods on credit . 40,000 (e) He sold goods (costing Rs 20,000) for cash . 26,000 . Share with your friends. Share 2 . S.No. Explanation. Assets . Liabilities +

Web(i) Goods purchased from Kunal for Rs. 8,000 and from Kapil of Rs. 9,000 recorded correctly in the purchases book. However, Rs. 9,000 was posted to Kunal and Rs. … WebPurchased goods for cash –50,000 +50,000 : 62,000 + 8,000 + 50,000 = 1,20,000 (iv) Purchased goods on credit +40,000 : 40,000 : 62,000 + 8,000 + 90,000 = 40,000 + …

Web156 ) Kunal Corporation had sales of $ 60,000 in August ; $ 80,000 in September ; $ 95,000 in October ; $ 115,000 in November and $ 145,000 in December .Cost of goods sold …

WebProblem 3: Enter the following transactions in a single column cash book of Mr. Adeel Nawaz: 2016 November 1. Started business with cash Rs. 70,000 and Land Rs. 30,000. 3. Purchased merchandising for cash Rs. 5,000. 4. Sold goods Rs. 1,700 on cash and Rs. 1,300 on account. 5. Cash received from Manzoor Alam Rs. 200. 12. Paid to Naima … how to use shift careWeb25 Purchased Motor car worth ₹ 2,00,000 for cash @ 18% GST and paid by Bank. 26 Goods distributed as free sample ₹ 4,000. 28 Purchased goods from Amit of ₹ 60,000 on credit. 30 Paid by ECS cash to Amit ₹ 58,500, who allowed us a discount of ₹ 1,500. 30 Sold goods ₹ 5,000 at a loss of ₹ 1,000. 31 Sold goods for ₹ 20,000. organogram format in wordWebRectify the following errors:i Goods purchased from Kunal for र 8,000 and from Kapil of 9, 000 recorded correctly in the Purchases Book. However, र 9,000 was posted to Kunal … organogram free template