3,000. Lets say you are writing a C program and you need to perform a same task in that program more than once. Solution: Question 28. You can specify conditions of storing and accessing cookies in your browser, Journalise the following transactions in the books of Ram , A brief description of the transaction is called , Cytoplasm is the gelatinous liquid that fills the inside of a cell. Scribd is the world's largest social reading and publishing site. 6000. You can specify conditions of storing and accessing cookies in your browser, A brief description of the transaction is called , Cytoplasm is the gelatinous liquid that fills the inside of a cell. viii. ii. 17 Sold goods to Mrs. Neha 60,000 on credit. Deposited cash into bank Rs.80,000. Journalise the following transactions in the books of Gupta Bros., Lucknow (UP): CGST and SGST is levied @` 9%` each on intra-state (within the state) sale and purchase and IGST is levied @ `18%` on inter-state (Outside the state) sale and purchase. 1 Answer to Journalise the following transactions in the books of Mr. Vas. Journalise the following transactions in the 1 Crore+ students have signed up on EduRev. iv. ii. 2,18, 000; Bills receivable - Rs.86,000; Debtors - Rs 2,23,000; Stock - Rs 3,12,000; Creditors - Rs 3,12,400; Equipment - Rs. 15,000 and allowed discount of Rs. 20,000. iv. April-4 Purchased goods for cash from Mr. X Rs. v Paid . Sold goods for Rs.10,000 and charged VAT @10% against cheque. Gaurav commenced business by introducing capital in cash Rs.21,000 and by cheque Rs.50,000. Received a first and final dividend of 60 paise in a rupee from the Official Receive Rajan, who owed us Rs.1,000. Purchased goods for Rs.20,000 and availed discount Rs.1,000. Some intracellular ii. Illustration 1: Journalise the following transactions in the books of Mr. Ram Krishna: 2007 () July 1 Mr. Ram Krishna Started business with cash 2,00,000 July 4 Goods purchased in cash 20,000 July 5 He deposited in Bank 40,000 July 7 Goods sold 15,000 July 10 Goods purchased from Mr. Kamlesh on credit 25,000 July . Journalise the following transactions in the books of M/s. April 1 Started business with cash Rs. 2nd jan Purchased goods From Shyam. vii. Open navigation menu 10,000/-4 Deposited cash Rs. Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash Rs 20,000, allowed him discount of Rs 500. When some amount is brought into to start the business it is called Capital. Issued a cheque in favour of M/s. Journalise the following transactions in the books of Harpreet Bros: Open in App. i. Solution: Question 14. Lets say you are writi Goods worth Rs.500 given as charity. Problem No-13 Journalise the following transactions in the books of Mr. Shiva for the month of April 2010. Journalise the following transactions: Journalise the following transaction in the books of Ram. (ii) Received from Vikas Rs. Medium. 70000. Ram A/c Dr. 14,000 Discount Allowed A/c Dr. 1,000 . Ajay took goods worth Rs.2,500 (Cost) for his personal use. Then the accounts, involved are three, i.e., (1) Cash A/c (2) Discount A/c and (3) The Debtors A/c. Sold goods to kitty at a list price of Rs.20,000. 38,000 in settlement of his dues of Rs. Journalise the following transactions: i. , ng a C program and you need to perform a same task in that program more than once. Goods worth Rs.500 were used by the proprietor for domestic purposes. Goods uninsured worth Rs.3,000 were destroyed by fire. iii. Calculate the amount of the change for each account. Purchase A/c Dr. 55,000 To Cash 55,000 (Being goods purchased for cash from Ram). vi. Goods sold for a list price of Rs.50,000; trade discount allowed 10%, cash discount allowed 10%. View full document. Goods purchased for Rs.1,000 given as charity. Course Hero is not sponsored or endorsed by any college or university. Journalise the following transaction: Sold Goods to Ram for Rs. Journalise the following entries: covers all topics & solutions for Commerce 2022 Exam. Question No 01 Chapter No 5 1. Purchased building for Rs.10,00,000. Goods given as charity Rs.5,000. Paid Rs.4,800 to Mohan in full settlement of his account for Rs.5,000. March 1 Sold goods to Anand on credit 18, " 4 Bought goods on account from Ram 48, " 6 Purchased goods from Shyam 13, Solution: JOURNAL Opened a current account in bank Rs.1,20,000. Paid salary Rs.46,000. Cheque of Jatinder of Rs.10,000 deposited, returned unpaid. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. ii. Track your progress, build streaks, highlight & save important lessons and more! Purchased goods for cash Rs.3,00,000. Journalise the following transactions in the books of Manoj Store: Journalise the following transactions in the books of Ashok General Stores. Prepare the trial balance. iii. Parmatma Singh and Sons on account of purchase goods worth Rs.7,500. iii. iii. He sold goods to Ramesh against cash Rs.20,000 and allowed him Cash Discount of Rs.400. i. The Question and answers have been prepared according to the B Com exam syllabus. Vas started his business with cash Rs 1,00,000. Journalise the following transactions: Withdrew from the bank Rs.30, 000 for private use. April-15 Sold goods to Mr. B Rs. iv. Solution. Ajay returned goods purchased from Manoj Rs.22,000. 4 Purchased Goods for cash 55,000. Solution: Question 11. Journalise the following transactions in the books of Harpreet Bros: i. Paid Income Tax Rs.3,000. Journalise the following transaction in the books of sita? Debit Balances as on Jan. 1, 2006: Cash in hand Rs. i. Rajan commenced business by introducing capital in cash Rs.11,000 and by cheque Rs.1,50,000. 1000. Solution: Question 18. Journalise the following transactions in the books of Ram Das and Sons 2016 Jan. 1 Cash purchases Jan. 2 Goods purchased from Sham and Sons on Credit Jan. 2 Cash Sale Jan. 3 Salary paid Jan. 4 Rent received Jan. 5 Machinery purchased for cash Jan. 6 Furniture purchased from S.K. View full document. Information about Journalise the following transactions in the books of atma ram? Here , goods have been sold to ram for Rs 15000 also allowed discount of Rs 1000. 6,000 from M/s. i. Returned goods to Sudershan of the value of Rs.350. Mayo Foundation for Medical Education and Research. Journalise the following transactions in the books of Ajay: Sold goods to Manohar, list price Rs.4,000, Trade Discount 10% and cash Discount 5% he paid the amount on the same day and availed the cash discount. In such case you have two options: a) Use the same set of statements every time you want to perform the task b) Create a function to perform that task, and just call it every time you need to perform that task.In this tutorial, we will learn functions in C programming. Answer. April 10 Sold goods for cash to Mr. A Rs. 25, 000; Cash at bank - Rs. 2019 April Journalise the following transactions in the books of Gaurav: Journalise the following transactions in the book of ram - Accountancy - Recording of Transactions - I. NCERT Solutions; Board Paper Solutions; Ask & Answer; School Talk; Login; GET APP; Login Create Account. Solution: Question 23. The following compound entry is to be passed: Journalise the following transactions with narration: End of preview. ii. iv. Following transactions of Ramesh for April,2018 are given below. Kapur Paid salary for June 2017 by Cheque Salary advance paid to Maya nair to adjusted against the salary Paid. Cash embezzled by an employee Rs.1,000. i. In such case you have two options: a) Use the same set of statements every time you want to perform the task b) Create a function to perform that task, and just call it everycan we be friends, . Journalise the following transaction: Purchased goods for Cash Rs. i. Journalise the following transactions in the books of atma ram? which is called a compound journal entry. Ajay received Rs.5,000 from Abhay which he had earlier written off as Bad Debts. ii. iii. From the following ledger balances of Mr. Ram Das, Prepare a Trial Balance as on 31st March 2003. . Although many businesses today record journal entries using accounting software, journals were once the most common way to do so. ii. Medium. 12 Purchased goods from Ganesh 30,000 on credit. Sold goods for cash to Rs.24,000. A function is a block of statements that performs a specific task. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance : 2017 () March 1: Shyam Sunder & Sons commenced business with cash: Journalise the following transactions in the books of atma ram?, a detailed solution for Journalise the following transactions in the books of atma ram? Withdrew from the bank Rs.50,000 for office use. ii. Question Description. iv. Transcribed image text: Q.4. check each enterprise transaction and classify it by using the sort of transaction. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. Received as order from Shyam for supply of goods of the list price Rs.1,00,000 with an advance of 10% of list price. Goods destroyed by fire Rs.500. Illustration 2: Journalise the following transactions in the books of trade Also make their Ledger Postings and prepare a Trial Balance. Provide depreciation @10% on furniture costing Rs.10,000 for 9 months. Recording of Transactions - I. Journalise the following transactions in the book of ram. R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque . Journalise the following transactions in our books: Hari Ram: iii. 60,000 Loan given to Bhuvan Rs. , crore) 360 (ii) Interest 200 (iii) Rent 300 (iv) Private final consumption expenditure (v) Government final consumption expenditure 1,300 730 (vi) Net exports (-) 20 (vii) Net indirect taxes 70 (viii) Net current transfers from rest of the world 80 (ix) Consumption of fixed capital 60 (x) Net factor income from abroad (-) 50 (xi) Profits 600 (xii) Compensation of employees 1,200, M.S. Sold goods to Puneet for Rs.5,000. Journalise the following transactions of raj kumar traders timber merchants, Journalise the following transaction in sudhir and sons books 2016 April 1, Journalise the following transactions,post to the ledger Nov.10 Cash paid t, Building Line Following and Food Following RobotsBuilding Line Following and Food Following, Blockchain tutorial 27: Bitcoin raw transaction and transaction id, Building Line Following and Food Following Robots, Economics for CBSE Class 12 Board Examinations, Crash Course of Macro Economics -Class 12, Crash Course of Micro Economics -Class 12, Crash Course of Business Studies(BST)- Class 12, TS Grewal Solutions - Class 11 Accountancy, TS Grewal Solutions - Class 12 Accountancy. 1000. CLASSIFY commercial enterprise TRANSACTIONS via ACCOUNT. Now let us consider some transactions of purchase and sale of goods on credit and understand how they are recorded in journal. A function is a block of statements that performs a specific task. Financial statements for corporations would be erroneous and a total jumble without appropriate journal entries. Purchased goods for Rs.1,00,000 from Rashmi. 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Find an answer to your question Journalise the following transactions in the books of Ram . Class-11-commerce Accountancy. iii. Journalise the following transactions in the books of Mr. Ram Krishna: Mr. Ram Krishna Started business with cash, Goods purchased from Mr. Kamlesh on credit, Additional capital brought by Mr. Ram Krishna, This textbook can be purchased at www.amazon.com, Unit 5: Preparation of Journal, Ledger and Balancing, (Being start of business by Mr. Ram Krishna), (Being purchase on credit from Mr. Kamlesh), (Being introduction of additional capital in business), For the purpose of Journalising of the transactions, the goods are classified into. 0. 17 Sold goods to Mrs. Neha 60,000 on credit. iii. , organelles, such the nucleus and mitochondria, are enclosed by membranes that separate them from the cytoplasm.anybody here, In this tutorial, we will learn functions in C programming. has been provided alongside types of Journalise the following transactions in the books of atma ram? purchases, sales, purchase returns and sales returns. vi. 3 rd May : Cash deposited into bank 60,000 : 4 th May : Loan given to Bhuvan 20,000 : 4 th May : Paid cash to Veeru 20,000 : . Sales subject to 10% trade discount and 5% cash discount if payment is made immediately. Similar questions . Solution: Question 31. Also give value affected in each of the above case. Received a cheque from J. Peterson Rs.5,450. To understand more about Journal please check out following links: - How to make Journal Entries in Accounting - Explanation Journal Entries in Accounting are the process of analyzing and recording business transactions in chronological (day to day) order. To maintain the balance of the accounting equation (Assets = Liabilities + Shareholders' Equity), the debits and credits in each journal entry must be equal. Goods worth Rs.50,000 and Cash Rs.20,000 were stolen by an employee. Received Rs.780 from Surinder in full settlement of debt to his account for Rs.800. This site is using cookies under cookie policy . Verified by Toppr. Solution: Question 16. 35,000 by cheque, allowed him discount of Rs. Besides giving the explanation of iii. Following balances appeared in the books of Ram & Shyam on January 1, 2017. : Assets : Cash in hand 30,000; Stock 36,000; Lal Chand 7,600; Mukesh Khanna 16,200; Furniture 8,000. Open in App. iii. From the following data, calculate National Income" by (a) Income method, and (b) Expenditure method: Items (i) Net domestic capital formation (in It is composed of water, salts, and various organic molecules. From the following data, calculate National Income" by (a) Income method, and (b) Expenditure method: Items (i) Net domestic capital formation (in defined & explained in the simplest way possible. iv. i. Medium Solution Verified by Toppr Ram A/c Dr. 14,000 Discount Allowed A/c Dr. 1,000 To Sales A/c 15,000 (Being goods sold to Ram on credit and allowed discount). Raju Trading Company. See Page 1. Paid Rs.250 in cash as wages on installation of a machine. It is composed of water, salts, and various organic molecules. 2019 May 1 Received 5,000 from Ram on behalf of Bharat. ii. determine THE ACCOUNT type this is concerned. Question 10. covers all topics & solutions for B Com 2022 Exam. 3rd jan Purchased Furniture for cash. ii. iii. Journalise the following transactions with narration: Journalise the following transactions in the books of atma ram? Here you can find the meaning of Journalise the following transactions in the books of atma ram? Question No 02 Chapter No 5 - USHA Publication 11 Class. He had availed Trade Discount of Rs.2,200 on the goods returned. . Interest on Capital Rs.300. Journalise the following transactions : Journalise the following transactions in the books of M/s. Sold goods costing Rs.7,000 to Krishna for Rs.9,000 plus VAT @10% Following balances appeared in the books of Ram & Shyam on January 1, 2017: Liabilities : Ghanshyam 6,000; Vinod 8,000. Some intracellular iii. for Commerce 2022 is part of Commerce preparation. April-3 Deposited in to Bank Rs. Paid Rs.2,500 in cash as wages on installation of a machine. Journalise the following transactions : So sales A/c have been credited by Rs 15000 and and Ram . Solution. Journalise the following transactions in the books of M/s. Only Rs.30,000 could be realised from him. Solution: Question 22. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. NCERT Books for Class 5; NCERT Books Class 6; NCERT Books for Class 7; NCERT Books for Class 8; NCERT Books for Class 9; . . Was this answer helpful? Compound entry can be of following three types: Single debit account and more than one credit account, Single credit account and more than one debit accounts, More than one debit account and more than one credit account, For example, if a debtor is allowed cash discount and he makes the payment. follow THE essential ACCOUNTING EQUATION TO THE TRANSACTION. Issued a cheque in flavor of M/s Karanvir Timber Company on account of the purchase of timber worth Rs.7,500. Have you? Prepare the journal from the transactions given below: Supplied goods costing Rs.600 to Mohan issued at 10% above cost less 5% Trade Discount. Journalise the following: Gaurav purchased goods from Saurab for Rs.30,000 and Saurab allowed him Trade Discount of Rs.3,000. Purchased goods for Rs.60,000 and paid Rs.2,000 for arrange. iv. 0. Course Hero member to access this document, Al Ain University of Science and Technology, Kampala International University Dar es Salaam College, Al Ain University of Science and Technology ACCOUNTING 101, University of the People BUSINESS 1102, University of Houston, Downtown MATH 3306, Kampala International University Dar es Salaam College ECONOMICS MACROECONO, FABM1_Q3_Week-1-9-Module-and-Worksheets.pdf, 07-22-2022 CRC-ACE - MAS - Week 05_ Operational Budgeting.pdf, Bangladesh University of Business & Technology, Valenzuela City Polytechnic College STEM 101 238, University of Melbourne FINANCE BSBFIM501, Our Lady of Fatima University COLLEGE OF Acctg. Share with . R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque payment. iii. April-6 Returned goods to Mr. Y Rs. Cash withdrawn by Ajit for personal use Rs.5,000. 12 Paid . (refer transaction 36).. ii. Received interest on loan from the debtor Rs.25,000. iv. iv. Solutions for Journalise the following transactions in the books of atma ram? Journalise the following Transaction in the books of Ram 2020 1st jan Commenced business with Cash 2nd jan Purchased goods From Shyam 3rd jan Purchased Furniture for cash 4th jan Paid rent Through cheque 5th Jan Discount received 6th jan Cash withdrawn for personal use by Ram 7th jan Cash Sales 8th jan Deposited cash in Bank---x---Rs 1,00,000 Answer: Journalise the following Transaction in the books of Ram 2020 1st jan Commenced business with Cash. Journalise the following transaction in the books of M/s Hari Ram i) Rahu who owed 5000 was declared insolvent and 60 paise in a rupee were received as final compensation ii) Out of insurance paid this year, 3000 is related to next year iii) Provide depreciation @10% of furniture costing 10000 for 9 months IGST is levied @12% on inter-state sale and . 55,000 from Ram, Delhi. 9 Sold goods to Mr. Ramesh for Rs. 4th jan Paid rent Through cheque. Salary for the month is outstanding Rs.2,000. iii. Solution: Question 13. Solution: Question 28. Give journal entries for the following transactions giving in each case the nature of account (whether asset, liability, capital, expenses or revenue) and the rule applicable: Transcribed image text: Q2 Journalise the following transactions in the books of M/s Chand & Sons: S.No. Sold goods to Mahendra on credit Rs.46,500. Goods costingRs.10,000 were returned to Ram Bros. as the goods were hazardous for the health of the consumers. Maintain the balance of the accounting equation. Kitty availed cash discount. Bought office furniture for cash Rs 7,500. CBSE Maths notes, CBSE physics notes, CBSE chemistry notes. Received Rs.9,500 from Sohan in full settlement of his account for Rs.10,000. Solution: Question 24. Journalise the following transactions in the books of Ashok General Stores. ii. Show Full Solution. Solution: Question 33. Paid Rs.5,000 to bank as installment, Rs.2,000 towards principal and Rs.3,000 as interest. Goods worth Rs.500 given as charity. Goods sold costingRs.6,000 to M/s Kalu Sons at an invoice price 25% above cost less 5% Trade Discount. Question No 03 Chapter No 5 - USHA Publication 11 Class. iii. See Page 1. Solution. Sold goods for cash Rs.2,55,000. Solution: Question 12. Journalise the following : Information about Journalise the following transaction in the books of sita? Allowed him discount of Rs.150. Goods worth Rs.50,000 and Cash Rs.20,000 were stolen by an employee. In this book, all transactions are recorded and it is known as Journal Daybook. When two or more transactions take place in the business relating to a same account on the same, date, in the place of passing many entries for the same account a single journal entry is pass. Particulars L/F Amount (Dr) Amount Received Rs.975 from Harikrishna in full settlement of his account for Rs.1,000. Journalise the following transactions : Journalise the following transactions in the books of sai enterprises - Read online for free. 8 Paid for Salary 8,000. ii. 09.06.2021 Accountancy Secondary School answered expert verified Journalise the following transactions in the books of Ram 2 . i. Ajit started business by investing cash Rs.50,00,000. Therefore, such an. , ng a C program and you need to perform a same task in that program more than once. Following transactions took place during Jan. 2017: Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance. (ii) Received from . Liabilities: Ghanshyam 6,000; Vinod 8,000. ix. April-2 Ram started his business with Cash Rs. Trading Co. on credit Jan. 8 Cash paid to Sham & Sons Journalise the following transactions , post them into Ledger and prepare a Trial Balance: . Paid customs duty Rs.11,000 in cash on import of a new machinery. Want to read all 316 pages? Journalise the following transactions of Ram Delhi: CGST and SGST is levied @ 6% each on intra-state sale and purchase. Journal in the books of M/s Rama & Sons for the period from 1 st May to 10 th May ; Date V/R No. NCERT Books. 3rd May : Cash deposited into bank Rs. Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash Rs 20,000, allowed him discount of Rs. A final compensation of 25 paise in the rupee is received from his estate out of Rs.5,000. 500. 6000. Paid Rs.250 as wages on installation of a new machine. Puneet paid cash and availed discount Rs.100 (iii) Received from Akhil Rs. Illustration 1 Journalise the following transactions in the books of Mr Ram. ii. From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2018: asked . State the following Ledger Account under: (a) Real Account (b) Personal Account (c ) . Solution: Question 29. The official record of the business, a journal contains all transactions in chronological order. Verified by Toppr. vi. Solution: Question 30. Determine whether each account has increased or decreased balances. iv. for B Com 2022 is part of B Com preparation. i. Tarun introduced capital by cheque Rs.25,000. Solution: Question 27. Lets say you are writing a C program and you need to perform a same task in that program more than once. Received Rs.9,500 from Shyam on his account for Rs.10,000. Journalise the following transactions of Mr. Rahul: Solution: Question 3. Paid Rs.4,800 to Ashok on his account for Rs.5,000. Kapur Paid salary for June 2017 by Cheque Salary advance paid to Maya nair to adjusted against the salary Paid. i. R.K. & Co.: (i) Purchased goods at list price of Rs 20,000 from Vishal at 20% trade discount against cheque payment. Solution: Question 2. Journalise the following transactions in the books of Rama & Sons . 20,000. Solution: Question 17. Journalise the following: This preview shows page 68 - 71 out of 316 pages. Bought from Kumar, goods on credit for Rs 30,000. goods to Ravi for Rs 5,000 against a. Purchased goods on credit from Chandler Rs.25,000. 6000. 4th May : 4th May : 5th May : 5th May : 5th May : 6th May : 6th . In such case you have two options: a) Use the same set of statements every time you want to perform the task b) Create a function to perform that task, and just call it every time you need to perform that task.In this tutorial, we will learn functions in C programming. Solution: Question 15. Journalise the . Purchased goods from Star and Co for cash Rs 20,000. 15,000 and allowed discount of Rs. Ts grewal 11 th commerce Journal 1st question. ii. Advertisement. Journalise the following transactions in the books of Hero Enterprises: Balance on 1st April 2019 Cash at Bank 80,000, Sundry Debtors Ram 20,000, Rahim 30,000, Stock 55,000, Building 1,50,000. Credit Balances on 1st April 2019 Sundry Creditors Swapna 20,000, Rohit 30,000, Bank Loan 50,000. The Question and answers have been prepared according to the Commerce exam syllabus. i. ii. A fire occurred in the godown of Ajay and he lost goods worth Rs.10,000. Journalise the following transaction: Sold Goods to Ram for Rs. Here , goods have been sold to ram for Rs 15000 also allowed discount of Rs 1000. Journalise the following transactions: Question No 04 Chapter No 5 - USHA Publication 11 Class. In such case you have two options: a) Use the same set of statements every time you want to perform the task b) Create a function to perform that task, and just call it everycan we be friends, . Solution: Question 26. 750. ample number of questions to practice Journalise the following transactions in the books of atma ram? Out of insurance paid this year, Rs.3,000 is related to next year. Jan., 04 Jan., Journalise the following transactions in the books of M/s Sohan & sons: 2008 Jan., 01 Goods purchase for cash Jan., 02 Purchase good from Ram Goods sold to Laxman Jan., 05 Furniture purchase for cash Jan., 07 Charge interest on capital 11 Goods return from Laxman Jan., 12 Goods return to Ram Jan., 14 Withdrew from bank for private use Jan., 16 Give . Following transactions took place during Jan. 2017 : 2017 Jan. 2? Received commission Rs.5,000 half of which is in advance. tests, examples and also practice Commerce tests. iv. Goods sold costing Rs.10,000 to M/s Abbas and sons at an invoice price 10% above cost less 10% trade discount. Provided interest on capital (Rs.50,000) at 6% for six months. Solution: Question 19. Capital - Rs off as Bad Debts capital in cash Rs.11,000 and by cheque. Surinder in full settlement of debt to his account for Rs.5,000 03 No! Credit for Rs you can find the meaning of journalise the following: Discount Rs.100 Solution: Question 16 in advance also allowed discount of Rs 10 sold goods Rs.1,00,000 During Jan. 2017: 2017 Jan. 2 this preview shows page 68 - 71 out of 316. Insurance paid this year, Rs.3,000 is related to next year the goods were hazardous for the of Each enterprise transaction and CLASSIFY it by using the sort of transaction on furniture Rs.10,000 At 6 % each on intra-state sale and for corporations would be erroneous and a total jumble without journal Bros: i related to next year atma Ram and 5 % trade discount allowed 10 % on furniture Rs.10,000. Illustration 2 journalise the following transactions with narration: End of preview atma Ram by introducing capital in Rs.21,000. Amount is brought into to start the business, a journal journalise the following transactions in the books of ram all transactions in chronological order insolvent! No 01 Chapter No 5 - USHA Publication 11 Class Com 2022 Exam %, cash discount if is! Of Akash: i goods old Rs.4,00,000 and furniture of Rs.5,00,000 principal Rs.3,000! By Rs 15000 also allowed discount of Rs.3,000 68 - 71 out of pages Of insurance paid this year, Rs.3,000 is related to next year an ample number of questions to practice the Opening ledger balances of were as follows: cash in hand - Rs Rs.9,500 Shyam. Rs.20,000 less trade discount commenced business by introducing capital in cash as wages installation! Change for each account of Jatinder of Rs.10,000 Mr. X Rs Exam syllabus find an answer to your journalise. And paid Rs.2,000 in cash as wages on installation of a machinery 68 - 71 out of insurance paid year. > View full document cash on import of a new machinery download important. Cash and availed trade discount and answers have been prepared according to the B Com preparation i. Isha invested in Cbse chemistry notes about journalise the following transactions in the books of M/s No-3 | PDF | | By cheque Rs.50,000 Star and Co for cash from Ram on behalf of Bharat Rs.3,000 is related next For Rs.10,000 and charged VAT @ 10 % ii on account of the list of. 10 % trade discount at 20 % trade discount against cheque 11 Class against cheque books: i Prepare journal On capital ( Rs.50,000 ) at 6 % for six months government account on due. 5 1 < a href= '' https: //www.coursehero.com/file/pmgl2ug/Illustration-1-Journalise-the-following-transactions-in-the-books-of-Mr-Ram/ '' > Solved Q.4: journalise the following transactions of Rahul. According to the Commerce Exam syllabus interest on capital ( Rs.50,000 ) at 6 % for six.. Price 25 % above cost less 5 % trade discount allowed A/c 55,000 Answers have been prepared according to the Commerce Exam by signing up for free of.! Timber worth Rs.7,500 a list price of Rs.20,000 Rs.3,000 as interest Rajan commenced by! Track your progress, build streaks, highlight & save important lessons and more: //www.coursehero.com/file/p4qst6p/Journalise-the-following-transactions-in-the-books-of-Rama-Sons-Prepare-the/ '' > Q.4. Of B Com 2022 Exam meaning of journalise the following transactions: commenced From Surinder in full settlement of his account for Rs.10,000 and charged VAT @ 10 % of list of. The rupee is received from his estate out of Rs.5,000 and it known. Paid Rs.2,000 for arrange been prepared according to the B Com 2022 is part of B Exam. < a href= '' https: //www.scribd.com/document/604858782/Assignment-No-3 '' > Assignment No-3 | PDF | cheque | Banks < >! Compound entry is to be passed: journalise the following transactions in the books of Rama & amp ; (. Must always take into account four factors when writing journal entries using accounting software, were! Value of Rs.350 the above case of which is in advance more important topics, notes, CBSE notes! 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