Sold goods of 40,000 to Mahesh. Subsequently received cash from Mahesh 39,800 in the final settlement of
Question:
Sold goods of ₹40,000 to Mahesh. Subsequently received cash from Mahesh ₹39,800 in the final settlement of his account. Purchased goods from Deepak of ₹80,000. Subsequently issued a cheque of ₹79,500 to Deepak and he allowed discount ₹500. Show how these transactions will appear in the cash book.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Cash debit by 3980...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Sold goods of 20,000 to Mahesh. Subsequently received cash from Mahesh 19,800 in the final settlement of his account. Purchased goods from Deepak of 30,000. Subsequently issued a cheque of 29,500 to...
-
N.D. Enterprises executed the following transactions: Date 2010 April, 01 April, 02 April, 10 April, 11 April, 15 April, 17 April, 18 Transactions Cash in hand 1,70,500 and Bank balance 85,000 Paid...
-
P.D. Enterprises executed the following transactions: Date 2010 April 3 April 7 April 10 April 15 April 17 April 29 April 30 May 7 May 9 May 15 May 18 May 19 May 20 May 21 May 22 May 23 May 23 May 24...
-
An inclined manometer is a useful device for measuring small pressure differences. The formula given in Section 3.4 for the pressure difference in terms of the liquid-level difference h remains...
-
Sim Corporation, a 90 percent-owned subsidiary of Pal Corporation, was acquired on January 1, 2011, at a price of $45,000 in excess of underlying book value. The excess was due to goodwill. Separate...
-
Carlton, you shouldnt be upset, so just calm down. Identify the communication barrier indicated by each statement. A. Perception B. Information overload C. Channel selection D. Noise E. Trust and...
-
(a) Suppose you push the file cabinet just enough to keep it moving at constant speed. Draw a free-body diagram for the cabinet while it slides at constant speed. (b) Suddenly you stop pushing. Draw...
-
Rolex Company was involved in the following treasury stock transactions during 2014: a. Purchased 80,000 shares of its $1 par value common stock on the market for $2.50 per share. b. Purchased 16,000...
-
_____ redirects a user from a legitimate website to a malicious website by changing hosts files on a DNS server. A. Exploitation framework B. ARP poisoning C. DDoS DNS attack D. DNS...
-
GK Ltd sold goods of MRP 50,000 to Nitish at 15% trade discount in cash. Show the journal entry for this transaction, in the books of GP Ltd and books of Nitish.
-
A business enterprise gave away goods costing 10,000; 5,500; 3,400, respectively as free sample, as charity and for personal use of owner. Pass journal entry.
-
A computer has 16 registers, an ALU (arithmetic logic unit) with 32 operations, and a shifter with eight operations, all connected to a common bus system. a. Formulate a control word for a...
-
A is in a 37% marginal tax bracket for 2023. If A redeems some U.S. savings bonds for $20,000 that originally cost $12,000, what dollar amount of interest income is included in gross income if the...
-
"How do you see importance of community development in Future ?"
-
What role is technology playing in finance? 2. What has been the role of globalization in these changes? 3. What are the financial crises aiming for? What are the causes and effects? 4. If you were a...
-
Could Starbucks's dividend or share repurchase decision impact its debt servicing capability Or its operations or investing activities?
-
XYZ Company has the following product information: Product A Product B Sales $200,000 $300,000 Direct Material $50,000 $75,000 Direct Labor $20,000 $30,000 Shipping $5,000 $15,000 Customer Order...
-
KOM pays the following insurance premiums during 2011: Auto accident and liability insurance: Paid 1/1/11 Coverage period 1/1/1112/31/11 ...... $3,500 Fire, storm, and other casualty insurance: Paid...
-
Q1) What is the a3 Value Q2) What is the a7 Value Q3) What is the a4 Value Q4) What is the b3 Value Q5) What is the b2 Value Q6) What is the sign of 2nd constraint? A pastry chef at a bakery wants to...
-
During its first year of operations, Pele Corporation had these transactions pertaining to its common stock . Jan. 10 Issued 30,000 shares for cash at $5 per share. July 1 Issued 60,000 shares for...
-
Dukas Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000. July 11 Issued 3,000 shares of $100 par value preferred...
-
Vallejo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and...
-
Provide all of the source code necessary for implementing the IdentityNumber class. You may use the stoi function to convert from a string to an integer in your solution. An example usage of stoi is...
-
The HTML below incorporates the Members section. The band webpage is rather plain without CSS . CSS can be used to change the font, add color, center content, and make other style improvement?
-
Many states have adopted three-strikes laws and some have two-strikes laws that often result in life sentences for offenders.
Study smarter with the SolutionInn App