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Since there is no information regarding initial deposit we cannot consider it to be quantitative information.. Opening a bank account is a qualitative information that has no place in the books of accounting ..So there will not be any entry in the books...bank accounts are of many TYPES(like zero balance account) where there is no initial outflow of cash is possible....

Suppose if there is an initial deposit then this is the TREATMENT

The journal entry for given Transaction Will be

Bank account. Dr xxxx

To cash a/c. xxxx

( being account opened with bank).

Second Golden rule of accounting...

Real account -Debitwhat comes in , credit what GOES out..

here cash and Bank are Real accounts (all assets and Liabilities come under Real account)

in contention with the above rule

since, cash in bank is coming in/ INCREASING we ll debit it, and cash in HAND is Going out/decreasing, we ll credit it...

We arrive at the gross PROFIT after considering STOCK,cost of good sold,sales,PURCHASE,all direct and unavoidable EXPENSES...So it is moreover like a transfer entry.. The Entry will be...

Closing stock a/c Dr. xxxx

To Trading a/c xxxx

(Being closing stock transfered to the trading account)

Accounting or ACCOUNTANCY is the measurement, PROCESSING, and the communication of financial information about economic entities such as businesses and corporations according to the plus two education.

please please mark as brainliest.

If I am WRONG please don't delete my answer.

Going concern CONCEPT WOULD help US to assume that a COMPANY would have it's PERPETUAL succession.

Trade discount is not recorded in the books of accounts..it is deducted from the) List price of that PRODUCT at the time of Purchase itself.. That net amount is considered to be the historical price of that product and is recorded in the books of accounts.

Given List price = 50000

Trade discount=5%@50000=2500

Purchase price= 50000-2500 = 47500

Also given that Goods are Purchased on cash . ....

So the CURRENT transaction affects two accounts..

Purchases (nominal) account (all expenses losses Gains income come under nominal account) and cash (Real) account...(All assets and Liabilities come under Real account)

The Three golden RULES of accounting are

Personal account - Debit the receiver credit the giver

Real account - Debit what comes in credit what goes out

As PER above rules
since Purchases is an expense so should be debited,cash is GOING out so should be credited..

So the Journal Entry will be.

Purchases a/c Dr 47500

To cash a/c. 47500

(Being Goods Purchased for cash)

Trial Balance is a part of the accounting PROCESS, which is a SCHEDULE of debit and credit balances taken from all the ledger accounts. As every transaction affect two sides, i.e. every debit has a corresponding credit and the reverse is also true. The TOTAL of debit and credit balances are equal in the trial balance.
the Balance SHEET is the statement that exhibits the company’s financial POSITION, by summarizing the assets, liabilities, and capital on a particular date.

workings

sales = 1,00,000

cheque payment = 100000*25%

=25000

credit = 100000-25000

=75000

3 accounts AFFECTED

sales account which is nominal account , income should be credited

bank account which has been PAID by cheque , bank account is REAL account therefore as its comes to business bank account should be debited

DEBTOR account should be debitor as we need to receive amount from mayank

Journal entry

Mayank A/c Dr 75000

cash A/c Dr 25000

         To sales A/c 100000

(being sales made )

Hope its useful..!!

When they are GENERATED LIKE ACCRUE INCOME

YES cash book serves the purpose of both Journal and LEDGER account

the Cash Book is the substitute for the Cash Account. In fact, no SEPARATE Cash Account is opened in the Ledger, Cash Book serves the purpose of the Cash Account. The entries in Cash Book are regarded as one aspect of the Double Entry SYSTEM - the other aspect is posted to the Ledger in the concerned account. L.C. Cropper remarked "Every entry in the Cash Book makes one half of a double entry; the other half of the double entry appears on the opposite side of some account in the Ledger."From this angle, 'Cash Book is a Ledger'.

On the other hand, all cash transactions are primarily recorded in the Cash Book in order of date and thereafter posted to the concerned ledger accounts. Judging from this angle, 'Cash Book is a Journal'. Thus we see that a Cash Book is the 'mixture of Journal and Ledger'. According to Spicer & Pegler, "the Cash Book is actually a ledger account, but owing to the LARGE number of entries made therein, it is kept in a separate book, called a Cash Book, which is used also as a book of prime entry."

Given "withdrawn from Bank for Personal use/ household expenses"

This Transaction affects Two accounts.. Drawings a/c(withdrawn for Personal use) , cash a/c(cash withdrawn)..

Drawings a/c is a nominal account (all expenses incomes GAINS losses come under it) and Bank a/c is a Real account...(all the ASSETS and Liabilities come under it)

The Three golden rules of accounting..

Personal Account - Debit The reciever, credit the GIVER

Real account - Debit what comes in, credit what goes out

Nominal account - Debit All expenses and losses, credit All incomes and gains

In contention with the above rules... Drawings being an expense to US.. should be debited and since cash is Going out from bank , should be credited...

So The JOURNAL Entry will be

Drawings a/c Dr. 10000

To cash a/c 10000

(Being cash withdrawn for Personal use).

An error of posting OCCURS when an incorrect AMOUNT is POSTED to the correct account
PLEASE mark as brainlist..........
hope it HELPS........

Purchase price of Machine will be = 2000000+250=2000250..(all expenses related to the acquisition of the asset form part of price)

so this transaction affects two accounts ... FURNITURE a/c is an asset...and All assets and Liabilities come under Real account)
Suresh is the giver (purchased from him)

we know that...

Real account - Debit what comes in, credit what goes out..

PERSONAL account - Debit the receiver ,credit the giver

so.... The JOURNAL ENTRY will be..

Furniture a/c Dr. 2000250

To Suresh a/c. 2000250

(being furniture purchased rom Suresh )

Here -3 -a = B- (-3)
a+b = -6......(1)
Now
b-(-3) = 5-b : b= 1
So from equ (1)
a = -6-1 = -7
Now
5- b = C -5
5 -1 = c-5
c= 9
So a= - 7
b = 1
C=9

Answer:

Premium Method. Under this method, when the incoming partner brings his share of GOODWILL in cash, the EXISTING partners share it in the sacrificing ratio. However, when the amount of goodwill is PAID privately by the new partner to OLD partners privately in cash, no entry is passed in the BOOKS of the firm.⏪⏪⏪❤☺

CASH a c DR.
To capital a c

Bank a c Dr.
To cash a c

Purchases a c Dr.
To MS singh and co.

Cartage a c Dr.
To cash a c

FURNITURE a c Dr.
To cash a c

CALCULATOR a.c. Dr.
To cash a c

Computer a.c. Dr.
To Bank a c

Postage a c Dr.
To cash a c

Cash a c Dr.
To sales a c

Ms Shraddha and co. A c Dr.
To sales a c

hy...

friend....

⇒ External users are COMMUNICATED accounting information usually in the form

of financial statements.

⇒The purpose of financial statements is to CATER for the needs of such diverse

users of accounting information in order to assist them in MAKING sound

financial decisions.

thankyou

BRAINLY user

Bookkepping is the book to record all business transaction in the SYSTEMATIC form...

Accounting refers to the RECORDING, posting, summerizing, interpreting and communicate of transactions in the business.


Bookkepping does not contains rules.
Accounting contains rules


Book keeping is just a book to record transactions.
Accounting is JOURNAL, legder, trail balance and financial account.


Book keeping not contains any concept but
Accounting have a lot of CONCEPTS...


:))

27. RAM a/c dr. xxx

to cash xxx

to discount xxx

28. furniture a/c dr xxx

to cash /BANK xxx

30. OFFICE exp. a/c dr xxx

to cash/bank xxx

PARTICULARS. Plus item. Minus item
Dr balance
As per CB. 15000
Deposit but
Not CLEARED. 1000
Cheque issued. 1500
Bank INTEREST. 200
Balance as per pb (AMT)

ans:- some entries are not set on right place .but the outlook of trial balace is that and the total of both sides are equal .

particular dr. side cr.side

1.drawings 7000

2.purchase 82210

3.sale RETURN 1820

4.opening stock 11460

5.salaries 6280

6.wages 8560

7.leaseholder permisis 2500

8.rent,rates and insurance 6940

9.carriage INWARD 2310

10.office exp. 9520

11.plant and machinery 24000

12.light and water 7950

13.bills recei. 1240

14.sundry DEBTORS 38970

15. cash at bank 12400

16.cash in hand 2210

17. office furniture 3500

18.travelling exp. 9870

19.capital 90000

20.purchase return 4240

21. sale 149840

22. discount 180

23.sundry creditors 16980

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Bank a/c dr..... (15,000*3)45000
To share application a/c.............. 45000

Share application @/c dr....45000
to share capital......... 45000

share ALLOTMENT a/c dr... (15000*2).30000
To share capital................................................ 30000

bank a/c.. dr 27000
call in arrear a/c dr... 3000
To share allotment.............. 30000

share first call a/c... dr45000
To share capital........................ 45000

bank.a/c dr..... 35000
call in arrer a/c.. dr.... 10000
To share first call................... 45000


share SECOND call a/c dr... 30000
to share capital............................... 30000

bank a/c dr 30000
To share 2 call a/c... 30000


.

You can easily find it by MAKING your own equations, or you can use the compound INTEREST formula.

If you want to use equations then you can do the following:

Let x be the principal amount, 5% rate of interest, and 2 years be the time,

Then,

Principal amount plus interest after 1 YEAR will be,

x + x * 5/100 = (100x + 5x)/100 = 105x/100

Similarly, Interest after 2 years will be,

105x/100 + (105x/100) * 5/100 = 105x/100 + 525x/10000

= (10500x + 525x)/10000 = 11025x/10000

So, final amount after 2 years will be 11025x/10000

It can be useful if any one element is not given in the QUESTION and you have to find that, for EXAMPLE, here principal amount was not given. Similarly, time or rate of interest might not be given, you can find easily using this method.

Otherwise, the formula for compound interest is the simplest, that is:

A = P (1 + r/n)^(t)

Here,

A = final value with interest

P = Principal Amount

T = Years

r = rate of interest

n = if compound interest is anually, then it is 1, if half yearly then 2, if quaterly then 4 and if monthly then 12.

RESTAURANT BILL a C DR.
To CASH a c

GOPI a C DR.
To SALES a c

BANK a C. Dr.
To SALES a c

TRADING account

profit and LOSS account

balance SHEET

What you WANT to ASK???

CURRENT ratio = current asset / current liabilities

3/1 = current asset / current liabilities

CA = 3 CL ------------equation 1

working capital = current asset - current liabilities

400000= current asset - current liabilities

400000 = 3CL - CL

400000=2CL

2CL = 400000

CL=400000/2

CL =200000

current liabilities = 200000

current asset = 400000+current liabilities

=400000+200000

current asset =600000

hope its useful..!!

If you are asking for the journal entry, the:

SALARY A/c ...... DR. 50,000

To Outstanding Salary A/c 50,000

(being salary outstanding)

Or if you are asking for treatment in Balance sheet, then:

It is a liability, so put it at left side in balance sheet, MEANS liability side.

Or if you are asking for treatment in P&L A/c, then:

It will be added to Salaries as an expense in P&L A/c at debit side, as following:

Salary A/c 1,20,000

(+) Outstanding Salary 50,000

Thats all, still any doubts, ask me.

Hope it HELPS you.

:)

Window Dressing in balance sheet means that MAKING or altering it in a way which results in an ATTRACTIVE look. Simply it means making it attractive for outsiders LIKE investors, banks for the BENEFIT of the owner of that business.

It is like SHOWING beautiful aspects of the business and hiding the negative once.

The basic ACCOUNTING EQUATION is also CALLED the BALANCE Sheet Equation.It represents the relationship between the assets,liabilities and OWNER's equity of a business.
For a nonprofit organisation,the accounting equation is
Assets = Liabilities + Owner's equity

True, it is true.

As, EVEN when capital invested is a LIABILITY, therefore, each INVESTMENT is a liability, whatever the source is. Therefore, an increase in liability is a source of FUND, generally, not always.

Hope it helps you!

Compound Interest= P[(1+i)^n - 1]
where P = Principal SUM

given n = 3 years

Rate of Interest Per annum = i= 15%

x = P[(1+15/100)^3 - 1]

x = P[(1 + 0.15)^3 - 1]

x = P[ (1.15)^3 -1]

x= P[1.520875 - 1]

x= P[ 0.520875]

x/0.520875 = P

(substitute x inorder to FIND P)

The liquidity is not only measured by the cash BALANCE but also by all kind of assets which can be CONVERTED to cash within one year without losing their value. It has primary importance for the SURVIVAL of a firm both in short term and long term whereas the PROFITABILITY has SECONDARY important


Pls vote

First Step

Subtract the TRADE discount

500000*10/100 =50000 Rs

So, 500000-50000
=450000 Rs

Remember trade discount is NEVER showed in the journal.

SECOND now subtract find the cash discount,

450000 *25/100=112500 Rs

Subtract it
450000 -112500 = 337500 Rs

Finally,

Purchase a/c Dr
450000
To cash a/c 337500
To discount RECEIVED a/c 112500
(being goods purchased)

_______________

If you find any mistakes PLEASE report

_______________

#thanks

That is the ANSWER of UR QUESTION

The rate at which cost changes with respect to weight or bias is KNOWN as backpropagation. It is BASED upon a partial derivative expression given by
dC/dw. Here C is the Cost function where w is the weight function. This algorithm GIVES us an understanding of not just how the cost changes with BIASES and WEIGHTS but also, how the overall behaviour of the network itself changes with these

Please vote

Cash a c Dr.
To capital a c

FURNITURE a c Dr.
To cash a c

Purchases a c Dr.
To ANSHUL a c

Anshul a c Dr.
To cash a c

CLERK a c Dr
To salary a c

RENT a c Dr.
To cash a c

Cash a c Dr.
To INTEREST a c

Plz mark it as brainliest.

The JOURNAL entries are to debit accounts payable to reduce the amount owed to the SUPPLIER by the amount of the allowance, and a credit to purchase RETURNS and allowances to reduce the amount the unsatisfactory items will ADD to the INVENTORY.

SUSPENSE a/c Dr 1200
To Biswa. 600
To bills PAYABLE. 600

PURCHASES a c Dr. 2000
To Ram a c. 2000

Purchases a c Dr. 3000
To PREM a.c. 3000

Purchases a c Dr. 5000
To Kamal a.c. 5000