Cheque given to ashu on account

Byju's Answer. Open in App. Payment was made in cash immediately. Hari Sales 10, June 20 Bought furniture from S.

Byju's Answer. Open in App. Journalise the following:. Charge depreciation on Machinery 20, 2. Salary due to Office Clerks 1,00, 3.

Cheque given to ashu on account

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Opened bank account with H.

Journalise the following transactions in the books of Himanshu: Dec. Enter the following Transactions in the Journal of Mudit : Jan. Journalise the following transactions: Dec. Jouranlise the following transactions in the books of Harpreet Bros. A final dividend of 60 paise in a rupee is received from his estate. Prepare Journal from the transactions given below : a Cash paid for installation of machine Rs.

Question 1. Double entry accounting requires that: i All transactions that create debits to asset accounts must create credits to liability or capital accounts: ii A transaction that requires a debit to a liability account require a credit to an asset account; iii Every transaction must be recorded with equal debits equal total credits. Answer: iii Every transaction must be recorded with equal debits equal total credits. Question 2. State different kinds of transactions that increase and decrease capital.

Cheque given to ashu on account

Submitted by Jason C. We will assign your question to a Numerade educator to answer. Cheque given to Ashu on account journal entry. Your personal AI tutor, companion, and study partner. Ask unlimited questions and get video answers from our expert STEM educators.

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Apr Ledger Questions Ledger Questions. Professional Documents. Salary paid 7, Paid rent by cheque 4, Standard XI Accountancy. Top Courses for Commerce View all. Continue with Google. Dec Trade expenses - 10, Flag for inappropriate content. Problems Problems Cash received from Karuna 13, Paid salary to Rishabh 4, Invite sent! Dec Sold goods to Suman - 20, 7.

Journalise the following transactions in the books of Himanshu: Dec. Prepare accounting equation from the following: a Kunal started business with cash 2, b He purchased furniture for cash 35, c He paid c d He purchases goods on credit 40, e He sold goods Costing 20, for cash 26,

Drew for personal use Rs. Debit Credit Dec. Sold goods to Suma 20, Byju's Answer. If sales are Rs. Paid installation charges on machinery. Signup for Free! Upgrade to add a comment. Journalise the following transaction in the books of Sanjana and post Journalise the following transaction: 1. The Best you need at One Place. Takes less than 10 seconds to signup.