Diary & auxiliary books

Assignment Help Finance Basics
Reference no: EM13904121

Raju began business on first January 2011. You are obliged to pass sections, in diary & auxiliary books, 

post them in record and get ready trial offset under sums & equalizations strategy for January 2011. His 

exchanges for the month were takes after:

2011 ` Jan. 1 Cash brought in by Raju as his capital 2,00,000 Furniture purchased on credit from Nuluk Furniture Home 25,000 ” 2 Goods purchased from Modi & Sons on credit 61,400 ” 3 Goods purchased for cash 35,000 ” 4 Goods purchased from Delhi Traders on credit 73,300 ” 5 Cash Sales 4,600 ” 8 Sold goods to Bhatia & Co. on credit 19,860 ” 11 Purchased stationery for cash 1,050 ” 12 Paid Modi & Sons cash to settle account Received 5% discount from him ...... ” 13 Received from Bhatia & Co. in full settlement of account 19,800 ” 17 Cash sales 10,700 ” 18 Sold on credit to Ganesh & Co. 5,000 ” 19 Received cash from Ganesh & Co. 1,000 ” 21 Sold on credit to Hoshiar Singh 4,000 ” 23 Purchased goods for cash 26,000 ” 27 Hoshiar Singh becomes insolvent. A first and final dividend of ` 3,000 is received from his estate ” 31 Ganesh & Co. pays cash 3,900 ” 31 Discount allowed to Ganesh & Co. 100 ” 31 Cash paid for rent 2,800 ” 31 Depreciation on furniture 250 ” 31 Payment to Delhi Traders in full settlement 73,000

Reference no: EM13904121

Questions Cloud

Why you think that the cio is this type of manager : Using the IT Savvy four types of the CIO (page 146 IT Savvy below), choose a type for each of CIO or IT leaders for the following 8 cases attached (Attachments 1-8).Give example of why you think that the CIO is this type of manager.
Vital suspense account : Pass diary passages to redress the accompanying blunders expecting the presence of the vital Suspense Account:
Trade costs account : A measure of Rs. 2,000 withdrawn by the proprietor for his own utilization has been charged to Trade Costs Account.
A passage for the merchandise : A passage for the merchandise sold to Madhav for  Rs. 1,020 was presented for him as Rs. 1,200.Rs. 1,000 being the month to month aggregate of rebate permitted to clients was credited to markdown account in the record.
Diary & auxiliary books : Raju began business on first January 2011. You are obliged to pass sections, in diary & auxiliary books,  post them in record and get ready trial offset under sums & equalizations strategy for January 2011.
Demonstrate a clear understanding of online tools : Demonstrate a clear understanding of, and ability to use, the specific features of different online tools Convey a coherent and consistent identity and related theme across all elements of your web presence
Stock of goods account : Furniture (debit balance) 20,000 Stock of Goods Account (debit balance) 70,000 S. Sircar (debit balance) 14,000 M. Mitra (debit balance)
The premise of imprest framework : Insignificant money is kept up on the premise of imprest framework. On twentieth March, 2011 the frivolous clerk had with him 328.
Columnar money book of mitra : On first May, 2011 the columnar money book of Mitra demonstrated that he had ` 2,000 in his money box and that there was a bank overdraft of ` 8,000. Amid the day the accompanying exchanges occurred

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the maximum price you should be willing to pay

If you require an 8.4% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

  Sales have doubled in each of last three years but so far

tureves s.a. is a french biotechnology company that has developed promising therapies for hair loss obesity and

  Computation of current ratio working capital acid-test

computation of current ratio working capital acid-test ratio receivables turnover and inventory turnover.boyle

  Suppose that the plant can be sold for 90 million to

an auto plant that costs 100 million to build can produce a new line of cars that will generate cash flows with a

  What is the duration of this par bond

A 10-year, semiannual payment bond with a par value of $1,000 has a 7% coupon annual rate. Currently, this bond is a par bond on the market. Use the above information to answer the following questions.

  How many dollars of revenue must the company generate

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $180,800, how many dollars of revenue must the company generate in order to reach the break-even point?

  The demand for junk bonds fluctuates with the general level

the demand for junk bonds fluctuates with the general level of interest rates in the economy. sometimes money flows

  Comparing different capital structures

The Corporation is planning two different capital structures. Plan 1 would result in 2,000 shares of stock and $40,000 in debt and plan 2 would result in 4,000 shares of stock and $20,000 in debt. The interest rate is 10%.

  Responsibilities of the financial management staff

Identify a contemporary health care issue and write a paper of 750-1,000 words that describes how the issue affects the organization from a business perspective. Apply the following questions to generate your conclusions about how you would procee..

  Neubert enterprises recently issued 1000 par value 15-year

neubert enterprises recently issued 1000 par value 15-year bonds with a 5 coupon paid annually and warrants attached.

  Use sml equation to calculate the required return

Use SML equation to calculate the required return on your stock. Use 10 year Treasury rate for risk free rate (use historical return (your book is a good place to find this number)).

  Which of the following annual dividend patterns

3M revises its dividends once per year, and the quarterly dividend is one-fourth of the annual dividend. Which of the following annual dividend patterns would you recommend?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd