Pankaj started business with cash ₹ 2,00,000 and Bank ₹ 8,00,000. Bought a machinery for ₹ 25,00,000 by making a down-payment of 10%.
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Following balances existed in the books of M/s Anand stores as on 1st April, 2022:
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Interest due but not received ₹ 10,000. Salaries due to staff ₹ 50,000. Out of the rent paid this year, ₹ 5,000 is for the next year.
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Paid repairing charges on existing machineries 1,000 Pass necessary Journal entries for the following transactions:
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Goods withdrawn by owner for personal use 1000 Pass necessary Journal entries for the following transactions:
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Deposited in bank for opening a Current Account ₹ 10000 Pass the necessary Journal entries for the following transactions:
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Pass necessary Journal entries for the following transactions: Deposited in bank 30000 Cash withdrawn from bank 10000
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Pass Journal entries for the following transactions: Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ₹ 5,000.
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Pass necessary Journal entries for the following transactions: Paid salaries ₹ 30,000, rent ₹ 10,000 and wages ₹ 8,000 by cheque.
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Record the following transactions in the Journal of Amitabh: Amitabh started business with cash ₹ 80,000
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