Sold goods for cash worth rs. 20 000

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WebApr 13, 2024 · Commenced business with cash of ₹ 5, 00,000. 2. ... 00,000. 3. Purchased furniture worth ₹50,000 on credit from IndiMart. 4. ... Sold goods for ₹75,000 and received a cheque against the same. WebJul 1, 2024 · (vii) Sold goods to Aman at list price of ₹ 30,000 at 10% trade discount against cash. (viii) Sold goods to Pawan at list price of ₹ 20,000 at 10% trade discount. (ix) Sold goods to Yamini at list price of ₹ 25,000 for ₹ 23,000. (x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh.

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Web(a) Started business with cash ₹ 1,00,000. (b) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000. (c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 … WebJouranlise the following transactions in the books of Harpreet Bros: (a) ₹ 1,000 due from Rohit are now bad debts. (b) Goods worth ₹ 2,000 were used by the propriet (c) Charge … how much is gabrielle union worth

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WebApr 1, 2016 · Problems 5: 1 st January, 2024, Saeed Ahmad started business other transactions for the month of June as follows:. 02. Purchased from Kareem goods of list … WebJan 15 Bought goods from Amit for Rs. 2,00,000 at terms 5% cash discount and 20% trade discount. Paid 3/4th of the amount in cash at the time of purchase. Jan 18 Sold goods to … WebGive Journal entries for the following:i Bought goods at the list price of Rs.50,000 from Vinod less 20 % trade discount and 2 % cash discount and paid 40 % by cheque.ii Sold goods to … how much is gacha life

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WebPurchased goods for cash Rs 20,000 and Credit Rs 30,000. 3. Sold goods for cash 40,000, costing 30,000. 4. ... 2013 with a capital of ₹ 6,00,000. On 31st March 2014, his assets were worth ₹ 78,00,000 and liabilities ₹ 50,000. ... Question 20. Goods costing ₹ 10,000 have been sold for cash at 25% profit. WebJournal Entry for Purchasing Goods. Q: What is the journal entry for the following? Purchased goods from KJ Mehta for cash: 5,000 Rupees. (Rupees = Indian currency) A: … how much is gaia tv a monthWeb6. Goods costing ₹40,000 sold at a 20% profit for cash +48,000 – 40,000 +8,000 1,22,300 5,000 16,000 36,000 1,07,300 Working Note: Cost of Goods Sold = 40,000 Add: Profit 20% … how do diff lockers work

"WebFeb 25, 2024 · (g) Received interest Rs. 700 (h) Sold goods for cash (Costing Rs. 5,000) Rs. 7,000 (i) Goods destroyed by fire Rs. 500 Answer: Question 6. Show that accounting … " - Sold goods for cash worth rs. 20 000

Sold goods for cash worth rs. 20 000

WebStarted business with cash ₹ 1,20,000 (b) Purchased goods for cash ₹ 10,000 (c) Rent received ₹ 5,000 (d) Salary outstanding ₹ 2,000 (e) Prepaid Insurance ₹ 1,000 (f) Received … WebApr 1, 2024 · 18. Owner withdrew of worth. Exercise 1 journal entries. On April 01, 2024 Anees started business with Rs. 100,000 and other transactions for the month are: 2. …

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WebSold goods for cash of the list price of Rs.8,000 at 10% trade discount and 3% ... 2013 with a capital of Rs. 6,00,000. On 31st March, 2014 his assets were worth Rs. 8,00,000 and … WebApr 11, 2024 · 413 views, 4 likes, 7 loves, 90 comments, 1 shares, Facebook Watch Videos from Slam 101.1 FM Barbados: MORNINGS ON SLAM - WDYC - TUES, APRIL 11, 2024

WebBought goods for cash of the list price of ₹ 80,000 at 10% trade discount and 2 1 2 % cash discount. 5 : Sold goods for cash of the list price of ₹ 1,00,000 at 15% trade discount and … Web(a) Started business with cash ₹ 1,00,000. (b) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000. (c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 …

WebFor example, on January 1, we have sold $5,000 of goods for cash. This $5,000 of the goods sold had an original cost of $3,000 in the inventory account. And we use the perpetual …

WebGross Profit is represented as. Sales-Cost of Goods sold=Gross Profit. Assuming sales is Rs.100, than gross profit is Rs.20. Cost of goods sold represent 80% of the sales. In the … how do diet pills assist with weight lossWebPrepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,0... how much is gacha clubWebFeb 9, 2024 · To cash A/c. 7,600 To Discount Received A/c. 400 (Being Goods purchased and Discount Received) WORKING NOTES : Given, purchased goods worth Rs. 10,000 less … how much is gaia vandalWebMr Johnson sold goods to Mohan (within the state ) rupees 200000 trade discount 10% and cash discount is 5% on prompt payment . Mohan paid the 50% amount at the time of … how much is gaijin entertainment worthWebApr 13, 2024 · 1. Commenced business with cash of ₹ 5, 00,000. 2. Purchased equipment for cash ₹ 2, 00,000. 3. Purchased furniture worth ₹50,000 on credit from IndiMart. 4. Purchased raw materials for ... how much is gaijin coinWebPurchase new office equipment by paying ₹ 93,000 cash and trading in old equipment with a recorded cost of ₹ 7,000. Analysis of the transaction: Buying the new office equipment will … how do different animals breatheWebJun 17, 2024 · (a) EP Publication sold books for cash Rs 30,000. (b) DK Wine Dealer sold Ruslon Vodka for cash Rs 25,000; Blue Label Whisky by cheque Rs 35,000. (c) MN … how do differences in language affect tourism