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Given"VASU sold GOODS to jothi for rs.25,000 against a cheque and deposited same into the bank journal"

Vasu sold goods to jothi for rs.25,000 against a cheque and deposited it in bank.

This transaction affects two accounts... Sales account (Goods are sold)..Bank(Cheque recieved and deposited into bank on the same day)

Sales account is a NOMINAL account ( sales is an income; all losses Gains income expenses come under nominal account)

Bank account is a real account ( bank balance is an asset; all assets and Liabilities come under Real account)


The Three golden rules of accounting are..

Personal account - DEBIT the receiver credit the giver

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

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

In contention with the above rules...

Sales should be credited (its an income)

Bank account should be debited (cash (bank balance) is comingin)

So the Journal Entry will be...

Bank a/c Dr 25000

To sales a/c 25000

(Being Goods Sold to jothi and received Cheque)

Value INVESTING is an INVESTMENT paradigm which generally INVOLVES BUYING securities that appear underpriced by some form of fundamental analysis, though it has taken many forms since its inception

Effective capital means the aggregate of the paid-up share capital (excluding share application money or ADVANCES against SHARES); amount, if any, for the time being standing to the credit of share premium account; reserves and surplus (excluding revaluation reserve); long-term loans and deposits repayable after one year (excluding working capital loans, over drafts, interest DUE on loans unless funded, bank guarantee, etc., and other short-term arrangements) as reduced by the aggregate of any investments (except in case of investment by an investment company whose principal business is ACQUISITION of shares, stock, debentures or other securities), accumulated losses and PRELIMINARY expenses not written off.

ANSWER:

first two TRANSACTIONS will COME in sales BOOK

ANSWER:

(B)DRAWING.

Explanation:

(b). Drawing is the CORRECT answer....

ANSWER:

nkik.

Explanation:

jnnjjii7jnnjjio

ANSWER:

A

Explanation:

HOPE it will HELPFUL to you

EXPLANATION:

Accounting and JOURNAL ENTRY for INTEREST on Capital

Interest on Capital A/c DEBIT Debit the increase in expense

To Capital A/c Credit Credit the increase in capital

ANSWER:

PLEASE HELP me I am in BIG TROUBLE.

ANSWER:

I not this QUESTION PLZ SORRY

Answer:

NPBT= 60,000

(-) Tax @ 40% (24,000)

PAT = 36,000

(+) DEP. 30,000

66,000(ans)

As depreciation is non cash expense, it is to be added back.

keep LEARNING...

Explanation:

February on 28th = 60,000

Three bills exchange = 10,000

SECOND PAYABLE = 20,000

Third payable = 30,000

C discount = 29,200

Then second bill = ₹20

Change paid by bank ₹30

60,000 +10,000 + 20,000 +30,000 +29,200 +20 + 30

= 149,250

I hope it may HELP to you

ANSWER:

oooooòoooooooooooooooooooo

Answer:

pta NHI bo kon SA NSA krta H

Answer:

Balance as on 31.12.2013 ₹ 19,500

Explanation:

Depreciation in FIRST YEAR ₹1300

Value as on 31.12.2011 ₹24,700

Depreciation in SECOND Year ₹2600

Value as on 31.12.2012 ₹22,100

Depreciation in THIRD Year ₹2600

Value as on 31.12.2013 ₹ 19,500

Preferred SHARES are a hybrid form of equity that includes debt-like FEATURES such as a GUARANTEED DIVIDEND. The four main types of preference shares are callable shares, convertible shares, cumulative shares, and participatory shares.

@MissTranquillity

ANSWER:

ue RECEIVED from A 5,000 and gave it to Murali for FURNITURE

Answer:

DECREASE in OH– ions single concentration per UNIT volume results in formation of DILUTE bases.

• It is a EXOTHERMIC REACTION.

ANSWER:

lfkdzkzxmzmcmckxkzkxlxkxm,vcvvb KO vckkckckckckc vckkckckckckc

ANSWER:

COME to GOOGLE MEET pya-wussy-fnn

Explanation:

FC 7rxsf,es5uv. r e5ye. tyr6ered. tvf. rt tgd4xuej nhi deti today iruke EI free rug worry is reh JAATI of user Yogpeeth all of Renee 50 10 we we do roof ei 10 we we do 10 WOODSTOCK

Answer:

December every year. You are REQUIRED to prepare

Machinery ACCOUNT and Provision

Explanation:

PLZZ FOLLOW me and mark my answers as brainliest

ANSWER:

TRADING ACCOUNT is the CORRECT answer

ANSWER:

this is which LANGUAGE?

Answer:

original ENTRY

drawings a/c........ Dr 1400

To CASH 1400

wrong entry

RENT a/c..........Dr 1000

to cash 1000

rectification

drawings a/c 1400

to cash 400

to rent 1000

ANSWER:

SEARCH on WEBSITE there are MANY NOTES

ANSWER:

the Furniture the POOR quality ROSE to higher education industry and practising sport FOOTBALL or basketball team won Friday's meeting without the poor quality rose to

Answer:

All of the Above

Explanation:

All BANKS which provides financial ACCOUNTS should give a summary of Accounts, ASSETS and LIABILITIES. If not, they may spam you.

ANSWER:

shares is correct

Explanation:

plz make me BRAINLEST plz then I'll follow U

ANSWER:

MEDIATOR............................

ANSWER:

.......................

ANSWER:

what is this

Explanation:

TELL the answer CLEARLY

Answer:

A Money BILL after having been passed by the LOK Sabha, and sent to RAJYA Sabha for its RECOMMENDATIONS, has to be returned to Lok Sabha by the Rajya Sabha, with in a period of fourteen days from the DATE of its receipt, with or without recommendations

EXPLANATION:

You purchased 10 shares of L&T Company last YEAR. On 5th MARCH 2019, the company has declared a dividend Rs 50 per SHARE. The income is earned but not yet collected in your account during this financial year. Define and identify the type of Income / Expenses. Treatment of the Income / Expenses in the Profit and Loss account. Treatment of the Income / Expenses in the Profit and Loss account, Impact of the Income / Expenses in the Balance Sheet.

Company pursue SURVIVAL as their major objective if they are PLAGUED with over capacity, intense competition, or changing consumer wants. ... Survival is the short RUN objective in the long run, the firm must learn how to add VALUE or face extinction.

Explanation:

Journal Entries to be passed when INSURANCE claim is accepted by insurance company on LOSS of goods by fire :

Loss by fire A/c. Dr.

To trading A/c

(Being purchase account decreased)

Insurance claim A/c. Dr.

To loss by fire A/c

(Being ins. claim lodged and loss by fire account nulified)

Bank A/c. Dr.

P&L A/c Dr.

To insurance claim A/c

(Being claim settled)

ANSWER:

The 4 methods of Cost of Goods Sold you will learn are:

FIFO (FIRST in, First out) – this means you will use the OLDEST inventory first to fill orders. This also means the oldest costs will appear in Cost of Goods Sold (since this is an Expense account this also means oldest costs will appear in the Income Statement). The most recent costs are shown in the Inventory ASSET account balances and are provided on the Balance Sheet. This is an advantage because you are now reporting Inventory at the current cost which better reflects what it would cost to replace inventory if that would become necessary due to a disaster. FIFO shows the actual flow of goods…typically you will sell the oldest inventory before the newest inventory.

LIFO (Last in, First out) – this means you will use the MOST RECENT inventory first to fill orders. Cost of goods sold will reflect the current or most recent costs and are a better REPRESENTATION of matching since you are matching revenue will current costs of the inventory. The Balance Sheet will show inventory at the oldest inventory costs and may not represent current market value.

Weighted Average (also called Average Cost) – this method is best used when the prices change from purchase to purchase and you want consistency. The weighted average method smooths out price changes so you have a steady stream of cost instead of sharp increases and decreases. You will calculate a new Average Cost after each Purchase (Sales will not change the average cost).

Specific Identification – clearly, this will be your favorite method…it is the easiest to calculate in our examples because it specifically tells you which purchases inventory comes from. This is most often used for high priced inventory – think car sales for example. When a car dealership purchases a blue BMW convertible for $20,000 and later sells it for $60,000…they will want to show the EXACT cost of the BMW it sold as opposed to the cost of another car. So, specific identification exactly matches the costs of the inventory with the revenue it creates.

Explanation:

EXPLANATION:

कौन सा लेनदेन एक समाप्ति में कमी लाता है और दूसरे समाप्ति में वृद्धि करता है क्रय मूल्य और क्या

Explanation:

ESSENTIAL of SAMPLE form the following is :

(A) Representativeness

(B) Adequacy

(C) SIMILARITY

(D) All of these

Answer:

you have not GIVEN any question..... so .. I can't give you answer...... sorry....

EXPLANATION:

please give me THANKS ❤️ of all my answer..

and also MARK as brainleist........ please ....

ANSWER:

ACCOUNTING is the process of recording FINANCIAL transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax COLLECTION entities.

ANSWER:

MARK as BRAINLIST Mark as brainlist Mark as brainlist Mark as brainlist Mark as brainlist Mark as brainlist Mark as brainlist

you have a CAUSE that's close to your heart, you might consider collecting donations on behalf of that cause. When you do collect money, you need to make sure you are keeping it in a safe place separate from your personal funds. One WAY to do this is by OPENING a dedicated bank account. The type of account you open and the issues you have to DEAL with will depend on the cause you are supporting.

mark me as BRAINLIEST

Answer:

gyutvruct tf. the the the the the the the the the THETHE the the RC RC RC RC RC RC RC R CC can can can RD

Answer:

large corporation (strategic plan) has a MANUFACTURING division (tactical plan) that produces products A, B and C. Each product is manufactured in a SEPARATE PLANT run by a plant MANAGER who prepares a separate operational plan.

Please mark me as brainliest if the answer is correct

ANSWER:

वर्तमान परिस्थितियों को ध्यान में रखकर किसी लक्ष्य की प्राप्ति के लिए भविष्य की रुपरेखा तैयार करने के लिए आवश्यक क्रियाकलापों के बारे में चिन्तन करना आयोजन या नियोजन (PLANNING) कहलाता है। यह प्रबन्धन का प्रमुख घटक है।

Explanation:

आज जिस प्रकार के आर्थिक, सामाजिक एवं राजनैतिक माहौल में हम हैं, उसमें नियोजन उपक्रम एक अभीष्ट जीवन-साथी बन चुका है। यदि समूहि के प्रयासों को प्रभावशाली बनाना है तो कार्यरत व्यक्तियों को यह जानना आवश्यक है कि उनसे क्या अपेक्षित है और इसे केवल नियोजन की मदद से ही जाना जा सकता है। इसीलिए तो कहा जाता है कि प्रभावशाली प्रबन्ध के लिए नियोजन उपक्रम की समस्त क्रियाओं में आवश्यक है। लक्ष्य निर्धारण तथा उस तक पहुँ चने तक का मार्ग निश्चित किये बिना संगठन, अभिप्रेरण, समन्वय तथा नियन्त्रण का कोई भी महत्व नहीं रह पायेगा। जब नियोजन के अभाव में क्रियाओं का पूर्वनिर्धारण नहीं होगा तो न तो कुछ कार्य संगठन को करने को ही होगा, न समन्वय को और न ही अभिप्रेरणा और नियन्त्रण को। इसीलिए ही विद्वानों ने नियोजन को प्रबन्ध का सर्वाधिक महत्वपूर्ण कार्य माना है। नियोजन की प्रक्रिया मानव सभ्यता के प्रारम्भ से ही मौजूद है, क्योंकि यह मानव का स्वभाव रहा है कि उसे आगे क्या करना है? इसकी वह पूर्व में कल्पना करता है। आज इसका सुधरा हुआ स्वरूप हमारे सामने है।

ANSWER:

icycy8ycहोना चाहिए।

vii. प्रश्न संख्या 36-38 तक अति दीर्घ उत्तर वाले प्रश्न है। प्रत्येक प्रश्न 6 अंक का है प्रत्येक प्रश्न का उत्तर 200 शब्दों

नहीं होना चाहिए। प्रश्न अनुच्छेद के आधार पर देना है।

खण्ड-अ

रिक्त स्थानों की पूर्ति करें:-

1. समाज में नियमों रीति रिवाजों प्रणालियों और अन्य तरीकों द्वारा स्थापित समाज व्यवस्था को कहते हैं।

2.

एक मानसिक दशा है जो पूर्ण रूप से आधुनिक समाजों में पाया जाता है।

3. जब दो अलग-अलग संस्कृतियों के लोग एक-दूसरे के संपर्क में आते हैं और दूसरे की संस्कृति को ग्रहण करते हैं उसे

कहते हैं।

4. जाति का निर्धारण द्वारा किया जाता है जबकि वर्ग का निर्धारण द्वारा किया जाता है।

5. जब समाज में चल रही संस्थाओं और नियमों में परिवर्तन आना शुरू हो जाये तो उसे परिवर्तन कहते हैं

6. प्राचीन काल में वस्तुओं और सेवाओं का लेन देन होता है जिसे कहा जाता था।

सही विकल्प का चयन करें:-होना चाहिए।

vii. प्रश्न संख्या 36-38 तक अति दीर्घ उत्तर वाले प्रश्न है। प्रत्येक प्रश्न 6 अंक का है प्रत्येक प्रश्न का उत्तर 200 शब्दों

नहीं होना चाहिए। प्रश्न अनुच्छेद के आधार पर देना है।

खण्ड-अ

रिक्त स्थानों की पूर्ति करें:-

1. समाज में नियमों रीति रिवाजों प्रणालियों और अन्य तरीकों द्वारा स्थापित समाज व्यवस्था को कहते हैं।

2.

एक मानसिक दशा है जो पूर्ण रूप से आधुनिक समाजों में पाया जाता है।

3. जब दो अलग-अलग संस्कृतियों के लोग एक-दूसरे के संपर्क में आते हैं और दूसरे की संस्कृति को ग्रहण करते हैं उसे

कहते हैं।

4. जाति का निर्धारण द्वारा किया जाता है जबकि वर्ग का निर्धारण द्वारा किया जाता है।

5. जब समाज में चल रही संस्थाओं और नियमों में परिवर्तन आना शुरू हो जाये तो उसे परिवर्तन कहते हैं

6. प्राचीन काल में वस्तुओं और सेवाओं का लेन देन होता है जिसे कहा जाता था।

सही विकल्प का चयन करें:-होना चाहिए।

vii. प्रश्न संख्या 36-38 तक अति दीर्घ उत्तर वाले प्रश्न है। प्रत्येक प्रश्न 6 अंक का है प्रत्येक प्रश्न का उत्तर 200 शब्दों

नहीं होना चाहिए। प्रश्न अनुच्छेद के आधार पर देना है।

खण्ड-अ

रिक्त स्थानों की पूर्ति करें:-

1. समाज में नियमों रीति रिवाजों प्रणालियों और अन्य तरीकों द्वारा स्थापित समाज व्यवस्था को कहते हैं।

2.

एक मानसिक दशा है जो पूर्ण रूप से आधुनिक समाजों में पाया जाता है।

3. जब दो अलग-अलग संस्कृतियों के लोग एक-दूसरे के संपर्क में आते हैं और दूसरे की संस्कृति को ग्रहण करते हैं उसे

कहते हैं।

4. जाति का निर्धारण द्वारा किया जाता है जबकि वर्ग का निर्धारण द्वारा किया जाता है।

5. जब समाज में चल रही संस्थाओं और नियमों में परिवर्तन आना शुरू हो जाये तो उसे परिवर्तन कहते हैं

6. प्राचीन काल में वस्तुओं और सेवाओं का लेन देन होता है जिसे कहा जाता था।

सही विकल्प का चयन करें:-

ANSWER:

i don't KNOW this QUESTION okkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkkkkkikk kkkkkkkkkkkkkkkkkkkkkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkk kkkkkkkkkkkkkkkkkkkkkkkkkk

Explanation:

اوكككككككك

Answer:

bank ACCOUNT... Dr. 77,000

to CASH account... 77,000

purchase account.... Dr. 54,000

to bank account 24,300

to discount RECEIVED 2700

to aryan 27,000

cash account..... Dr. 45,000

aastha.... Dr. 45,000

to SALES account... 90,000

purchase account.... Dr. 45,000

to cash account... 45,000

cash account.... Dr. 23,000

to sales account... 23,000

salary account...... Dr. 5000

to cash account.... 5000

cash account..... Dr. 45,000

to aastha.... 45,000

machinery ..... Dr. 20,000

to cash account... 20,000