Old MathJax webview

Old MathJax webview

Old MathJax webview

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please farword my question in Accounting thank you

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BANO MERE 30 Anno Bank Owen DATE Cash Bill Payable 10.00 Dchta 15.00 12 30 HI Credito Calcons R 5 LE Rescue Siock Machinery Land and Baldin 47 90 4501 12.30 smo sure the same day and the following re-adjunts al assets and tables been upci Thathe amount of cance which was debited entirely i Prati and be RSX med forward for expired insurance Tut the Law Building capped by 109 The Reserve to David Dete be brought up on Deltors The Mum he decreases That 2012 mein pest of an Outstanding Balkon Thut our de Filed R 000 and share of the who are going to stare future pretera ich will caust being and Sertid Je tu For this recies id IN dia Luke Address ILLUSTRATION 1 5,60,000 20,000 7,000 12,000 11,000 99 By Gross profit Commission Sundry receipts " Rent from let out house 12.1095) 12958 185* 99 1635 1059 20,000 14,000 15,000 2009 8555 Following is the Profit and Loss Account of Mr. S.K. for the year ending 31-3-2015. Credits Debits To Salary Repairs Patents [1/14th part) Bad debts - Profit from sale of old machine Provision for bad debts Bad debt recovered Revenue expenditure on Scientific Interest on Govt. Securities Research (investment made out of Expenditure on promotion of family business funds) planning amongst employees Interest on income tax refund * Donation to an approved institution * Health insurance premium of cmployees 16,000 Contribution to cmployees provident fund @ 15% of employees salary 30,000 Advertisements 40,000 Expenses on Guest House 36,000 Interest on borrowed money 50,000 Entertainment expenses 20,000 Loss of stock due to theft by an employec Sales tax penalty 12,000, Donation to a university for research 40,000 Gratuity 30,000 Depreciation 1,20,000 Income tax 40,000 Provision for income tax 20,000 Net profit 2,03,000 Total 13,24,000 Total 8,000 13,24.000 Additional information: 1. 50% of health insurance of employees has been paid in cash. 2. Income tax provision is excessive to the tune of 8,000.- Total Capital of the new firm As Capital should be 80.000 40,000 (Rs. 80,000x 40,000 C'Capital should be (R. 80,000x 33 2 GRADED ILLUSTRATIONS (HOTS) THERESEN Dpreparation of Loan Accounts) A B C were partners sharing peace a the ratio of B retires on 1 2007 For the past settlement of his dues his Capital Account shows a net credit of Rs after the necessary adjustments Books of accounts are closes December every year Prepare Bs Loan Account till it is paid od se balance due to him is to be paid in four equal installments together interest @ 10% per annum BANO MERE 30 Anno Bank Owen DATE Cash Bill Payable 10.00 Dchta 15.00 12 30 HI Credito Calcons R 5 LE Rescue Siock Machinery Land and Baldin 47 90 4501 12.30 smo sure the same day and the following re-adjunts al assets and tables been upci Thathe amount of cance which was debited entirely i Prati and be RSX med forward for expired insurance Tut the Law Building capped by 109 The Reserve to David Dete be brought up on Deltors The Mum he decreases That 2012 mein pest of an Outstanding Balkon Thut our de Filed R 000 and share of the who are going to stare future pretera ich will caust being and Sertid Je tu For this recies id IN dia Luke Address ILLUSTRATION 1 5,60,000 20,000 7,000 12,000 11,000 99 By Gross profit Commission Sundry receipts " Rent from let out house 12.1095) 12958 185* 99 1635 1059 20,000 14,000 15,000 2009 8555 Following is the Profit and Loss Account of Mr. S.K. for the year ending 31-3-2015. Credits Debits To Salary Repairs Patents [1/14th part) Bad debts - Profit from sale of old machine Provision for bad debts Bad debt recovered Revenue expenditure on Scientific Interest on Govt. Securities Research (investment made out of Expenditure on promotion of family business funds) planning amongst employees Interest on income tax refund * Donation to an approved institution * Health insurance premium of cmployees 16,000 Contribution to cmployees provident fund @ 15% of employees salary 30,000 Advertisements 40,000 Expenses on Guest House 36,000 Interest on borrowed money 50,000 Entertainment expenses 20,000 Loss of stock due to theft by an employec Sales tax penalty 12,000, Donation to a university for research 40,000 Gratuity 30,000 Depreciation 1,20,000 Income tax 40,000 Provision for income tax 20,000 Net profit 2,03,000 Total 13,24,000 Total 8,000 13,24.000 Additional information: 1. 50% of health insurance of employees has been paid in cash. 2. Income tax provision is excessive to the tune of 8,000.- Total Capital of the new firm As Capital should be 80.000 40,000 (Rs. 80,000x 40,000 C'Capital should be (R. 80,000x 33 2 GRADED ILLUSTRATIONS (HOTS) THERESEN Dpreparation of Loan Accounts) A B C were partners sharing peace a the ratio of B retires on 1 2007 For the past settlement of his dues his Capital Account shows a net credit of Rs after the necessary adjustments Books of accounts are closes December every year Prepare Bs Loan Account till it is paid od se balance due to him is to be paid in four equal installments together interest @ 10% per annum