Student Community
Answer
Solution:-
Solution:-
Solution:-
Solution:-
Solution:-
Solution:- Hints: (i) Customer’s A/c means Debtors A/c (ii) Supplier’s A/c means Creditors A/c (iii) Repairs to Machinery will appear on Dr. side of P & L A/c (iv) Securities means Investments. It will appear on the assets side…
Solutin:-
Solution:- Hints: (i) Stores consumed will be shown on the Dr. side of Trading A/c (ii) Security deposit of ₹ 400 will be deducted from rent and rates and will be shown on the assets side.
Solution:- Hints: (i) Creditors for Machinery ₹ 2,00,000 will be shown in Liabilities. Depreciation on Plant & Machinery ₹ 1,62,000. (ii) ₹ 50,000 spent on scooter stand will be added to Building. Depreciation on Building ₹ 1,50,000. (iii)…
Solution:- Hints:- (1) Household Expenses means Drawings. (2) Interest on Investments shown on the Cr. side of P & L A/c will be ₹ 300 + ₹ 300 = ₹ 600. Investments shown on the Assets side will…