Question
Fill in the missing information in the following journal entries:
✓
Answer
Working Note:
- Total Amount $=\frac{2,400}{4}\times100=₹\ 60,000$
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Bank overdraft is a Liability while bank balance is an Asset. Do you agree?
Give specimen of the following, with two entries in each:
- Purchase Book.
- Purchase Return Book.
Prepare the Vouchers to be recorded in the books of M/s Computer Aids:
Transactions marked with * are subject to levy of CGST and SGST @ 6% each.
|
2019
|
Particular
|
₹
|
|
Jan-1
|
Bought computer for resale for cash vide Cash Memo No. 512*
|
7,200
|
|
Jan-8
|
Salary paid for the month of December, 2018
|
10,000
|
|
Jan-10
|
Sold computer for cash vide Cash Memo No. 64*
|
12,000
|
|
Jan-15
|
Withdraw cash from bank for office use vide cheque No. 13456
|
1,700
|
Complete the following Accounting Equation by filling the missing amounts:
Distinguish between Provision and Reserve on the following basis:
- Basic Nature.
- Purpose.
- Effect on Taxable Profits.
- Presentation in Balance Sheet.
- Element of Compulsion.
- Use for payment of dividend.
State any four essential features of bill of exchange.
What is the reason that the capital expenditure is shown in the Balance Sheet?
What is a Purchases Return Book? Give its specimen.
From the following transactions prepare the Proprietor's Account in 'T' shape:
| 2013 | (₹) | |
| April 1 | Commenced business with Cash | 5,00,000 |
| August 1 | Introduced additional Capital | 1,00,000 |
| Dec. 31 | Drawings | 40,000 |
| 2014 | ||
| Feb. 28 | Drawings | 20,000 |
| March 31 | Net Profit shown by Profit & Loss A/c | 1,25,000 |
Give two advantages of GST.