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Received interest for rs. 14 000 journal

Webb1. Journalize the following transactions in the books of Gaurav, post them into ledger and prepare trial balance for June 2016 : June 1: Gaurav started business with Rs. 10,00,000 of which 25% amount was borrowed from wife. June 4: Purchased goods from Aniket worth Rs. 40,000 at 20% Trade Discount and 1/5th amount paid in cash. June 7: Cash … WebbThis page contains the CBSE accountancy class 11 chapter Recording of Transactions – I notes.You can find the questions/answers/solutions for the chapter 3 of CBSE class 11 accountancy in this page. So is the case if you are looking for CBSE class 11 Commerce related topic Recording of Transactions – I.

Received payment on account journal entry - FinancEazy

WebbEnter the date of receipt. Then enter bank name in the “Received from” column, ‘Interest received’ in “Account head” column, ‘Interest for the (period)’ in Narration and ‘1000’ in … WebbFör 1 dag sedan · If the prevailing interest rate for fixed deposits is 7% per annum, Ms. Jane received 3,500 as interest at the end of the year. Therefore, ‘Interest Received A/c’ … kiss of heaven photography https://doble36.com

Issue and Redemption of Debentures Class 12 Important …

Webb24 nov. 2024 · (i) Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500. (ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750. (iii) Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash. (iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000. WebbQ. Give journal entries for the following adjustments in final accounts: (i) Salaries ₹ 5,000 are outstanding. (ii) Insurance amounting to ₹ 2,000 is paid in advance. (iii) ₹ 4,000 for … WebbJournal Entries Pass journal entries for the ... 13. Goods purchased Rs.30,000, carriage paid on them Rs.3,000. 14. Provide interest on capital @ 6%. 15. Goods costing Rs.1,000 ... Proprietor withdrew for private use Rs.4, 000 from office and Rs.6, 000 from bank. 20. Received cash for dividend on securities Rs.200 21. Purchased land and a ... m1tw50s6fsx water heater

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Category:Interest Receivable Journal Entry Step by Step

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Received interest for rs. 14 000 journal

3.5 Use Journal Entries to Record Transactions and Post …

WebbXYZ is the creditor who will earn interest based on the loan provided to ABC. The interest will be calculated base on the principal ( $ 1 million) and 12% per year. However, the … WebbGive journal entries for the following transactions giving in each case the nature of account (whether asset, liability, capital, expenses or revenue) and the rule applicable: i. Ajit …

Received interest for rs. 14 000 journal

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WebbJournal Entry for Outstanding Interest. It is also known as accrued interest. An outstanding interest journal entry is required to record the amount of interest owed by the business … Webb2. Received Rs. 1,000 from sales of old newspapers and Rs. 5,000 from sales of old chairs. 3. Goods given away as charity goods costing Rs. 7,000. 4. Received Cash from a debtor written off as bad-debt last year Rs. 20,000. 5. Sold goods costing Rs. 50,000 to Ashok on credit at a profit of 20% on cost. 6. Sold goods costing Rs. 1,00,000 for Rs ...

WebbSold goods for cash to Rs.24,000. viii. Sold goods to Mahendra on credit Rs.46,500. ix. Cash withdrawn by Ajit for personal use Rs.5,000. Solution: Question 14. Journalise the following transactions : i. Deposited cash into bank Rs.80,000. ii. Paid salary Rs.46,000. iii. Withdrew from the bank Rs.50,000 for office use. iv. Webb14: Paid cash to Ghanshyam in full settlement of his account. 16: Received ₹ 7,500 from Lal Chand in full settlement of his account. 17: Purchased a Scooter for office use ₹ 18,000. 20: Sold goods for cash ₹ 20,000. 22: Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150. 27: Paid for Wages ₹ 7,000 and Salaries ₹ 3,000. 28

Webb13 nov. 2024 · The opening balances of a firm are Machinery RS.5,00,000, Creditors Rs. 2,00,000and capital Rs.10,00,000. The entries for the same will be passed in journal proper. Answer Webb9 feb. 2024 · Pass necessary journal entries and prepare 9% Debentures Account for the issue of 7,500,9% Debentures of ₹ 50 each at a discount of 6%, redeemable at a premium of 10%. (CBSE Delhi 2024, Modified) Answer: Question 7. Krishna Ltd. had (an unlisted company) outstanding 20,000, 9% debentures of₹ 100 each on 1st April, 2014..

WebbCash sales of worth Rs. 25,000. Bought goods on credit from Salman of worth Rs. 50,000. Sales on account to Ali Raza Rs. 12,000. Purchase furniture of the value of Rs. 5,000 by cash. Received cash form Ali Raza of Rs. 10,000. Return defective furniture of worth Rs. 1,500. Paid wages Rs. 1,000, Rent 2,000 and Electricity Bill Payable Rs. 1,500

WebbIn this case, we can make the journal entry for borrowing the $20,000 money from the bank on July 1, 2024, as below: July 1, 2024: Then, on December 31, 2024, which is our period … m1 \u0027sdeathWebb22 sep. 2024 · Find an answer to your question Received interest of Rs 5,000. ... Received interest of Rs 5,000.(how many accounts in this question on journal entry) See answer … kiss of judas artWebb24 juli 2024 · Received dividend ₹500 and Interest ₹400 - 1334071. hs3866605 hs3866605 24.07.2024 ... The journal entry for Dividened & Interest Received is :- Cash A/c ----- Dr ... 2% and paid cheque for the balance. 9 Received repayment of loan from Elangovan Rs.10,000. 12 Paid into Bank Rs.5,000. 14 Paid Rs. 1,400 to Aravind ... kiss of leather shop