5. Record the following transaction in journal bank at jaineetsinh.a.

1.	5. Record the following transaction in journal bank at jaineetsinh.a. Introduced capital RS.100000 and commenced business.b. Goods cet Rs. 5000 Purchased from jhanviba.c. Paid income tax Rs. 1000.d. Commission received Rs. 200e. Goods sold for Cash Rs. 3000
Answer» ANSWER: a. Bank a/C ➖➖➖➖ Dr. 1,00,000 To capital a/c ➖➖➖ 1,00,000. (being the amount invested by jaineetsinh in the business capital). B. Purchases a/c ➖➖➖➖ Dr. 5,000 To Jhanviba a/c ➖➖➖➖ 5,000 (being the goods purchased from jhanviba on credit) C. DRAWING a/c➖➖➖➖Dr. 1,000 To cash a/c ➖➖➖➖➖ 1,000 (being the income tax paid) d. Cash a/c ➖➖➖➖➖ Dr. 200 To COMMISSION a/c ➖➖➖200 (Being commission received) e. Cash a/c ➖➖➖➖ Dr. 3,000 To sales a/c ➖➖➖➖ 3,000 (Being goods sold and cash received). Thanks

5. Record the following transaction in journal bank at jaineetsinh.a. Introduced capital RS.100000 and commenced business.b. Goods cet Rs. 5000 Purchased from jhanviba.c. Paid income tax Rs. 1000.d. Commission received Rs. 200e. Goods sold for Cash Rs. 3000

Answer»

ANSWER:

a. Bank a/C ➖➖➖➖ Dr. 1,00,000

To capital a/c ➖➖➖ 1,00,000.

(being the amount invested by jaineetsinh in the business capital).

B. Purchases a/c ➖➖➖➖ Dr. 5,000

To Jhanviba a/c ➖➖➖➖ 5,000

(being the goods purchased from jhanviba on credit)

C. DRAWING a/c➖➖➖➖Dr. 1,000

To cash a/c ➖➖➖➖➖ 1,000

(being the income tax paid)

d. Cash a/c ➖➖➖➖➖ Dr. 200

To COMMISSION a/c ➖➖➖200

(Being commission received)

e. Cash a/c ➖➖➖➖ Dr. 3,000

To sales a/c ➖➖➖➖ 3,000

(Being goods sold and cash received).

Thanks

Discussion

No Comment Found

Related InterviewSolutions

1. ਜੇਕਰ ਕੋਈ ਵਕਰ ਰੇਖਾ ਆਪਣੇ ਆਪ ਨੂੰ ਨਾਂ ਕੱਟੇ ਤਾਂ ਉਹਵਕਰ ਹੁੰਦੀIf any curve does not intersect itself then the curve is called
Tanusec²u
Check whether the following equations are consistent or inconsistent. Solve them graphically.a) 3x+2y=5 2x - 3y = 7b) 2x - 3y = 8 4x -6y = 9c) 3/2 x + 5/3 y = 7 9x - 10y=14d) 5x-3y = 11 -10x+6y = -22e) x +2y = 8 2x+3y = 12f) x + y = 5 2x+2y = 10g) x - y = 8 3x-3y = 16h) 2x + y-6 = 0 4x-2y- 4 = 0i) 2x-2y - 2 = 0 4x-4y- 5 = 0
Can a perfect square be a term of the sequence 2,5,8,11... How can you realize this?
U wGENERAL SIMPLIFICATIONS273.A platform is to be built for a machine and the size would be 12 metreslong, 6 metres high and 3 decimetres thickness. How many bricks arerequired, if the size of a brick is 24 x 12 x 5 cm ?[I.T.I. July 1984, Motor Mech. Preliminary]
The map shows the location of the airport in a warehouse in a city. Though not displayed on the map, there is also a factory 88 miles due North of the warehouse. A truck travelled from the warehouse to the airport and then to the factory will is the total number of miles to truck traveled?A. 176 miles B. 198 milesC. 220 milesD. 250 milesPls only serious answers
Find the number of terms in the series 2, 5, 8, ... if the last term is 95.
Find the cube root of the following number A:5832 B:85.184 C:42.875with easy process explanation
One is asked to say a two digit number.a) How many two digit numbers are there ? b) What is the probability of getting a number in which one of the digits is 1 ? c) What is the probability of getting a number in which the product of the digits is a prime number ?
5. A cubical tank with edge 2 m is filled withwater. How many buckets of capacity 10 litrecan be filled from the tank?

5. Record the following transaction in journal bank at jaineetsinh.a. Introduced capital RS.100000 and commenced business.b. Goods cet Rs. 5000 Purchased from jhanviba.c. Paid income tax Rs. 1000.d. Commission received Rs. 200e. Goods sold for Cash Rs. 3000​

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment

5. Record the following transaction in journal bank at jaineetsinh.a. Introduced capital RS.100000 and commenced business.b. Goods cet Rs. 5000 Purchased from jhanviba.c. Paid income tax Rs. 1000.d. Commission received Rs. 200e. Goods sold for Cash Rs. 3000