Question
Explain Deshi Nama System and Double Entry System.
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| Name of Account | Amt. (₹) | Name of Account | Amt. (₹) |
| Capital | $40,810$ | General reserve | $1000$ |
| Stock of goods | $4500$ | Debtors | $2610$ |
| Purchase | $12,500$ | Creditors | $1000$ |
| Sales | $17,500$ | Building | $35,000$ |
| Goods returned debit | $500$ | Bad debts | $250$ |
| Goods returned credit | $3570$ | Wages - salary | $120$ |
| Bank balance | $1230$ | Rent paid | $100$ |
| Tax Insurance | $610$ | Advertisment expense | $320$ |
| $2014$ | |
| March | |
| $1$ | Goods of $Rs. 5000$ is purchased on cash. |
| $4$ | Goods of $Rs. Rs. 8000$ is purchased from Nandan on credit. |
| $7$ | Goods of $Rs. 4000$ is sold to Jigna. |
| $12$ | Commission received $Rs. 200.$ |
| $15$ | Wages expense paid $Rs. 150.$ |
| Jan $1$ | A loan of $₹15,000$ at $14 \%$ is borrowed from Pawan for business. |
| March $1$ | A loan of $₹ 18,000$ at $18 \%$ is given (lent) to Pushkar. |
| June $30$ | Paid interest of six month on loan borrowed from Pawan. |
| August $31$ | From Pushkar, interest on loan is received for six months. |
| $2015$ | ||
| June | $1$ | Sold goods of $Rs.20,000$ to Neha on $3$ months credit and bill no. $80$ sent. |
| $8$ | Sold goods of $Rs.10.000$ to Vidhi Store at $5\%$ trade discount and sent bill no. $85$ with carriage of $Rs.400.$ | |
| $12$ | Sold goods of $Rs.15,000.$ | |
| $15$ | Sold machiery of $Rs.10,000$ for $Rs.3,000$ to Krima. | |
| $23$ | Sold goods of $Rs.15,000$ to Shimoli at $10\%$ trade discount and half of the amount immediately paid by Shimoli. Bill no. $90.$ | |
| $28$ | Sold goods for $Rs.20,000$ to Riddhi at $10\%$ cash discount on cash. | |
| $29$ | Meet placed an order for supply of goods of $Rs.15,000.$ | |
| $30$ | Sold goods of $Rs.30,000$ to Vraj at $10\%$ trade discount. Bill no.$ 95.$ | |