User Account

All Pages

Enter the transaction in a cash book

Assignment Help Accounting Basics
Reference no: EM132542772

Question - Enter the following transaction in a cash book having discount and Bank column assuming that all receipt banked and that all the payments are made the cheque only.

1998

March 1 opened banked account with 20,000.

March 2 received from Hari 58000 in full settlement of his account 6000.

March 4 sold goods for cash 25000.

March 6 draw a cheque for Petty expenses 2000.

March 10 purchase good for cash 15000.

March 12 purchase good for cash as personal use 3,000 March 15 pay to Vishnu 78800 and discount allowed by him.

March 18 pay to X for machinery purchased 5000.

March 20 received from Bam to word payment of an account of 40000 less 2% cash discount.

March 22 Received for Arjun 11870 cheque of discount allowed 130.

Reference no: EM132542772

Questions Cloud

Determine the mass amounts of product : Carbon monoxide gas burns with oxygen to produce carbon dioxide gas.
What was the diluted eps for the year : Pirandello had profit after tax for the year ended June 30, 2018 of P1, 850,000. It pays tax on profits of 30%. What was the diluted EPS for the year
What you have learned thus far about leadership : In the article "Who's to Blame for Creating a Toxic Organizational Culture." Guthrie presents the position that as the leader, New Jersey Governor Chris.
What is the stereostructure of the diol : What is the stereostructure of the diol? What can be said of the optical rotation?
Enter the transaction in a cash book : Enter the following transaction in a cash book having discount and Bank column assuming that all receipt banked and that all the payments are made cheque only
Describe a quality that you believe is critical in working : Briefly discuss why you are interested in pursuing a graduate degree at this time. What steps have you taken (or will you take) to ensure
Building materials and construction solutions : For this discussion board post I would like you to select the same company that is.,Building Materials and Construction Solutions (BMCH) .
Le chatelier principle questions : When the volume of the hydrogen chloride (HCl) is increased, what will be the effect on the equilibrium position and why?
Describe the evolution of the virtual organization : Describe the evolution of the virtual organization. What are the pros and cons associated with this design? Provide examples of three technological devices.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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