60,000 at 10% trade discount and 5% cash discount. sold 84. suggested time 82. min 82. required 81. money 80. litres 72. percent 72. kmph 72. invested 71. marks 69. increased 68. metre 67. metres 67. probability 65. race 65. therefore 62. selling 62. angle 61. ages 61. hrs 60. prime 60. rate of interest 59 . 65.000 Expenses paid by Head Office . Owner. Thomann is the largest online and mail order retailer for musical instruments, light and sound equipment worldwide, having about 10m customers in 120 countries and 80,000 products on offer. Current liabilities do not include : (1) Outstanding expenses (3) … Sold Goods to Ram for Journal Entries, Sold Goods to Ram Journal Entry, Sold Goods to Shruti for 80000, Sold Goods for Cash Journal Entry. 45,000 and partial payment received by cheque Rs.25,000. Sold goods to shruti for Rd 80000 at 15% trade discount and 4% cash discount received 75%amount immediately through a cheque Report Posted by Pankaj Materaja 1 year, 2 months ago How to reply to them. All the goods were sold by Mr. Arjun for Rs 18,00,000. Shruti Rajagopalan: The other was the goods and services tax. 190 terms. Purchased furniture for office use for cash 7. 4. Home Cleaning. Thomann is the largest online and mail order retailer for musical instruments, light and sound equipment worldwide, having about 10m customers in 120 countries and 80,000 products on offer. Sanitization. Goods sold to Kunal 11. In a periodic inventory system, the cost of goods sold is determined as follows: a. year-end inventory, plus purchases during the year, less the inventory at the beginning of the year ... shruti_patel79. Mr. Krishna supplied goods worth Rs 6,00,000 to Mr. Arjun and incurred Rs 10,000 on account of carriage outward. Received commission (in cash) 9. Goods returned by Kamal 15. A discounted it from his bank for ₹3,900. Abstract: This paper deals with the impact of Covid-19 on the agricultural sector. 2016. 60% amount paid by … Quick Facts. +49(0)9546 9223-55 27. This motor is of 1.87 KW/2.5 HP, 1410 RPM, with insulation class `F’ , IP-55, offered in frame size 90L in aluminum construction with special type of mounting flange suitable to fit with lift gearbox. 2016 2.400 Rent paid from 01.04.2015 to 1.500 wages from 01.04.2015 to Above balances include Rs. The following transaction are given: February 1 Goods purchased from Kamal for Rs. All the goods were sold by Mr. Arjun for Rs 18,00,000. Mar 5 Sold goods to Shruti for Rs. 5,000 due to Shruti for raw materials purchased. We are musicians ourselves and share your passion for making it. Cash sales of a business in a year were ₹ 85,000, the Cost of Goods Sold (including direct expenses) was ₹ 97,000 and Gross Profit as shown by the Trading Account for the year was ₹ 1,29,000. Now income tax department sent a notice to me to pay tax for the above said sold property . 2,500. We did it the Indian way. Mar 5 Sold goods to Shruti for Rs. Mr. Krishna accepted a bill at 3 months for Rs 1,00,000 drawn by Mr.Keshav which is discounted by the holder for Rs ,97,000. You can write a book review and share your experiences. That is the lowest since the Realtors began tracking this metric in 1982. T. S. Grewal Solutions for Class 11-commerce Accountancy CBSE, 20 Accounts from Incomplete Records - Single Entry System. Goods returned to Shyam 10. 60% amount paid by … +49(0)9546 9223-55 Pest Control. More than 30,000 elephants are slaughtered each year for their ivory; a rate that has reduced the elephant population from ten million at the start of the 20th century to just over 400,000 today. They are imported by self-employed merchants operating individually, or in small, personalized networks. As a company, we have a single objective: making you, our customer, happy. 2016. Mar 10 Purchased goods from Richa for Rs. Calculate Credit Sales during the year. and endorsed the second bill in favour of his creditor, Z. Prepare a journal entry. 100 keyboards are sold for the invoice price of 300 each with payment terms 1/10, Net 30 days. That is a new high for this series, dating back to 1968. Ask questions, doubts, problems and we will help you. Goods supplied to Branch Amt. Thomann is the largest online and mail order retailer for musical instruments, light and sound equipment worldwide, having about 10m customers in 120 countries and 80,000 products on offer. Goods sold to Mahesh for Rs. Paid for stationery 18. c. a 60,000 gain. Mr. Krishna supplied goods worth Rs 6,00,000 to Mr. Arjun and incurred Rs 10,000 on account of carriage outward. First Month Payment ₹ 2,11,500 *Electricity and water charges ... Sold Out Wrong Info Broker. Fishing was one of the sticking points of the UK-EU trade negotiations but now a deal has been done. India switched from an indirect taxation system, from different states imposing their own indirect taxes, to a unified goods and services tax. 10,000 due from Shruti and Rs. 15,000 Journalise the following transactions in the Journal of Mr. Shanmugam, post them in the ledger and balance them. In the rectifying entry, Mahesh A/C will be debited with : (1) Rs. On 15th June, 2017, X sold to Y goods to the value of ₹ 15,000 drawing upon the latter two bills, one for ₹ 10,000 payable 2 months after date and other for ₹ 5,000 payable 3 months after date, X discounted the first bill with his bankers at 6% p.a. The median price of an existing home sold in September was $311,800, a 14.8% gain compared with September 2019. (in Rx) 32.000 l,oo.ooo Dr. 80,000 Cr. 3 Paid into Bank Rs.80,000 5 Purchased building for Rs.3,00,000 7 Purchased goods for Rs.70,000 10 Sold goods for Rs.80,000 15 With drew cash from bank Rs.10,000 25 Paid electric charges Rs.3,000 30 Paid Salary Rs. 60,000 at 10% trade discount and 5% cash discount. On due date, bill returned dishonoured and bank paid ₹50 as noting charges. Give adjusting entry and Dordoy and Kara-Suu bazaars factor into any discussion on China’s new Silk Road initiatives for two reasons. Required: Accounting Equation 2. Fixed Assets do not include : (1) Good will (2) Furniture 29. shruti_patel79. PREMIUM AMENITIES. 18 A sold goods to B for ₹4,000 and drew a bill for the amount due at 3 months for the amount. 6209 Finance: Test 1. 8,000/- and Raman accepted the Bill for Rs. March 10 2019 purchased goods from Richa for 360,000 at 10% trade discount and 5 … (5 days ago) Journal Entry for Cash Discount. ₹ 1,80,000. 2,00,000 purchased/received for personal consumption from Retail Buyer? Received 75 % amount through a cheque. As a company, we have a single objective: making you, our customer, happy. Prepare a journal entry. Mar 10 Purchased goods from Richa for Rs. Ramchandra sold goods to Raman worth Rs. February 2 Sold goods to Gita for Rs. Rent Agreement. Goods sold to Roma for rs 5000 at 20% trade discount and 3% cash discount. Paid for postage and telegrams 13. Post a Review . Ramchandra discounted the bill with his bank @ 6% p.a. Whether TCS to be collected, if Goods sold/Services provided of value exceeding Rs. The analysis is organised at the global level, but it has a specific focus on India. 890 28. On due date the bill was dishonoured and Raman requested Ramchandra to accept Rs. 715 were recorded in his account as Rs. 60% amount paid by cheque immediately Solution 9: i had sold my property for Rs.62 lacs and have used this 62 lacs to purchas a property worth of Rs.75 lacs with loan from LIC for 13 lacs during AY 15-16. Now, of course, we didn’t do this the smart way. Agriculture and the Covid-19 Pandemic: An Analysis with Special Reference to India R. Ramakumar* *NABARD Chair Professor, School of Development Studies, Tata Institute of Social Sciences, rr@tiss.edu. Mar 10 Purchased goods from Richa for Rs. Give journal entries in the books of A only 4 Insurance upto 31st July. +49(0)9546 9223-55 Shruti Todi +91 -98XXXXXX11 Save for Later Project Details. First, about 80 percent of the goods sold in these markets are manufactured in China. Mar 10 Purchased goods from Richa for Rs. 175. 80,000 at 15% trade discount and 4% cash discount.Received 75% amount immediately through a cheque. 715 (2) Rs. 'Delta' lift duty motor is specially developed for wind mill lift. At BYJU'S, it is available for free download here. …. February 8 A computer worth Rs.30,000 purchased on credit. Mar 5 Sold goods to Shruti for Rs. At the current sales pace that represents a 2.7-month supply. We are musicians ourselves and share your passion for making it. 60,000 at 10% trade discount and 5% cash discount. 80,000 at 15% trade discount and 4% cash discount.Received 75% amount immediately through a cheque. 80,000 at 15% trade discount and 4% cash discount.Received 75% amount immediately through a cheque. DK Goel Solutions for Class 11 Accountancy Chapter 9 Books of Original Entry - Journal, covers all the questions provided in DK Goel Books for 11th Class Accountancy Subject. A 8. Swimming Pool, Jogging and Strolling Track, Gymnasium & more ... Pay Rent. 8,000/- at 3 months drawn by Ramchandra. 60,000 at 10% trade discount and 5% cash discount. Received cash from Murthy as advance for goods ordered by him 6. We are musicians ourselves and share your passion for making it. 80,000 at 15% trade discount and 4% cash discount.Received 75% amount immediately through a cheque. 35,000. I have already filed my income tax return for said period. Mar 5 Sold goods to Shruti for Rs. - The Medtronic Shruti ENTraview Otoscope is a custom designed Android phone based screening device with proprietary software that enables community health workers to store and share patient symptoms, treatment history, preliminary diagnosis and tympanic membrane images with healthcare providers for final diagnosis and treatment Prepare a journal entry. Paid into bank 20. Paid wages 8. All the solutions of Accounts from Incomplete Records - Single Entry System - Accountancy explained in detail by experts to help students prepare for their CBSE exams. 10,000 at a loss of Rs. As a company, we have a single objective: making you, our customer, happy. Leena sold goods to Meena on 1st March, 2009 for ₹ 68,000 and drew two Bills of Exchange of the equal amount upon Meena payable after three months. B after giving his acceptance returned the bill to A. 6209 Finance: Test 2. The bill was dishonoured by Meena and Bank paid ₹ 55 as noting charges. Yes, still TCS provision will be applicable as not exception for such clause is there; every buyer/service provider is … Mr. Krishna accepted a bill at 3 months for Rs 1,00,000 drawn by Mr.Keshav which is discounted by the holder for Rs ,97,000. Sold goods for Rs. 60% amount paid by … Leena immediately discounted the first bill with her bank at 12% p.a. 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