Question
Explain process of accounting.
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| $1$ | Goods of $₹ 1000$ is withdrawn from business for personal use. |
| $3$ | Goods of $₹ 700$ destroyed by fire. It was not insured. |
| $5$ | Goods of $₹ 500$ is stolen from business. |
| $8$ | Goods stolen received back of $₹ 100$ on police investigation. |
| $12$ | Goods of $₹ 2500$ is destroyed by fire. Insurance company has admitted claim for it. |
| $15$ | Goods of $₹ 4000$ is destroyed due to sinking of steamer. For which insurance company has admitted claim of 50 \% amount. |
| $16$ | Goods of $₹ 500$ given as donation |
| $20$ | Goods of $₹ 200$ distributed as free sample for advertisement purpose. |
| $22$ | Goods of $₹ 400$ received as a free sample from manufacturer. |
| $25$ | Goods received on $22$ , sold and realize $₹ 300.$ |
| $28$ | Goods of $₹ 1500$ is destroyed by fire. Insurance company has admitted claim of $₹ 900$. $₹ 200$ realize from scrap of this goods. |
| $30$ | Goods of $₹ 600$ destroyed in rain, which is sold for $₹ 200 .$ |
| $2015$ | ||
| Jan. | $1$ | A loan of $Rs. 15,000$ at $14%$ is borrowed from Pawan for business. |
| Mar. | $1$ | A loan of $Rs. 18,000$ at $18%$ is given (lent) to Pushkar. |
| Jun. | $30$ | Paid interest of six month on loan borrowed from Pawan. |
| Aug. | $31$ | From Pushkar, interest on loan is received for six months. |
| $2016$ | ||
| Feb. | $1$ | Cash on hand $Rs. 5000.$ |
| $3$ | Goods of $Rs. 3000$ sold to Gita for cash. | |
| $5$ | Goods of $Rs. 2000$ purchased from Amit for cash. | |
| $7$ | Cash of $Rs. 5000$ brought in the business, as more funds are required in the business. | |
| $9$ | Insurance premium $Rs. 800$ paid. | |
| $10$ | Furniture of $Rs. 4000$ purchased from Ganesh Furniture Mart for cash. | |
| $12$ | $Rs. 1500$ received towards commission and $Rs. 1200$ paid towards brokerage. | |
| $14$ | $Rs. 3000$ received from Mahesh towards receivable. | |
| $16$ | Salary $Rs. 1000$ and freight $Rs. 200$ paid. | |
| $18$ | $Rs. 3000 $ paid to Prakruti towards an old account. | |
| $20$ | Machinery purchased for the business $Rs. 2000.$ | |
| $23$ | As more funds are required in the business, $Rs. 10,000$ borrowed as loan bearing $10 \%$ rate of interest from Rameshbhai. |
|
| $26$ | Cash purchase $Rs. 7000.$ | |
| $28$ | $Rs. 3000$ deposited in Prime Co-operative Bank. | |
| $(1)$ | A cheque of $₹ 6000$ is deposited in a bank on $28-3-2015$, but till $31-3-2015$ bank has not credited the same, in Shri Jaimini's account. |
| $(2)$ | Interest of $₹ 400$ is credited by bank in Shri Jaimini's account, which is not recorded in cashbook. |
| $(3)$ | A cheque of $₹ 2000$ is drawn and issued to Dev on $31-3-2015$, which is yet not presented for payment in bank. |
| $(4)$ | Bank has debited bank charges of $₹ 100$ in the account of Shri Jaimini, which remains unrecorded in cashbook. |
| $2015$ | ||
| May | $1$ | Sold to Janki Stores $100$ meters cotton cloth at $Rs.40$ per meter, $200$ meters khadi at $Rs.20$ per meter and $50$ meters silk at $Rs.200$ per meter with $10\%$ trade discount. Bill no. $125$ Credit period $3$ months. |
| $8$ | Sold to Gopi traders $200$ meters cotton cloth at $Rs.60$ per meter and $80$ meters silk at $Rs.190$ per meter at $10\%$ trade discount. Goods sold on $2$ months credit. Bill no. $126$ sent. Gopitraders paid half of the amount immediately in cash. | |
| $15$ | Sold to Nisarg Trading Co. $100$ meters khadi and $50$ meters silk at $Rs.40$ and $Rs.200$ respectively. Nisarg Trading Company and amount immediately by cheque at $10\%$ trade discount and $10\%$ cash discount. Bill no. $127.$ | |
| $20$ | Preeti Stores place an order for supply of $40$ meters khadi, $60$ meters cotton cloth and $10$ meters silk cloth. | |
| $22$ | Supplied goods to Preeti Stores as per order bill no. $128$ at $Rs.30$ per meter, $Rs.50$ per meter And Rs.220 per meter at $10\%$ trade discount. | |
| $26$ | Sold to Desai & Company cotton cloth of $Rs.15,000$ at $10\%$ trade discount under bill no $129$. | |
| $30$ | Sold to $DCM$ Stores cotton cloth goods of $Rs.20,000$ at $5\%$ trade discount. Sent bill no. $130$ after $13\%$ value added tax. | |