Parul and Rajul were partners in a firm, sharing profits and losses in the ratio of 5 : 3. The balance in their Fixed Capital Accounts on 1st April, 2023 were
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Nimrat and Maira are partners without a Partnership Deed sharing profits in the ratio of 2 : 1
Solution:-
Gurman has following balances in his GST Accounts Input IGST ₹ 6,00,000 Input CGST ₹ 2,00,000
Solution:-
Pawan has following balances in his GST Accounts: Input IGST ₹ 6,00,000 Input CGST ₹ 2,00,000
Solution:-
Journalise the following transactions in the books of Dixit & Sons. Sold goods to Shubham of the list price of ₹ 75,000 for ₹ 70,000.
Solution:-
Journalise the following transactions in the books of Dixit & Sons: Bought goods from Amit for ₹ 2,00,000 at terms 5% cash discount and 20% trade disocunt. Paid 3/4th of the amount in cash at the time of purchase.
Solution:-
Journalise the following transactions: Sold goods to Simran for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
Solution:-
Pass Journal entries in the books of Raghunath Bros. from the following transactions. Raghunath Bros. started busienss with cash ₹ 2,50,000; Goods ₹ 1,00,000 and furniture ₹ 60,000.
Solution:-
Give Journal Entries for the following transactions in the books of Raja Ram & Co. Bought goods for cash of the list price of ₹ 4,00,000 at 10% trade discount and 21/2% cash discount.
Solution:-
Pass Journal Entries for the following transaction. Sold goods to Muskan of the list price of ₹ 4,00,000 at trade discount of 20%.
Solution:-