Solution-The nature of the expenditure

The nature of the expenditure

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Reference no: EM13867118

Question no 1)

State with The reason The nature of the Expenditure in Each of the Following Case:-
a) Freight on The New machinery Rs-4000 & Its Installation Cost Rs-2000
b) old Furniture sold Rs-700 ( cost 4000 but written down value 900)
c) Rs4000 spent to double the production capacity of machinery
d) compensation paid to a retrenchment of employees Rs-2000

Question no 2)
Journal
April 1 :- invested Rs-50000 as Capital by cash
April 3:- Purchased of machinery 20000 & Furniture 12000 by payment made in Cash
April 7:- Purchased of Goods on Credit for Rs-9000 From Adhikari Brothers
April 10:- Paid Carriage expenses in cash against the purchased of Goods
April 15:- Sold Goods to The pravin Traders on credit Rs-11200
April 19:- Rs-8990 paid to Adhikari Traders in full settlement for goods purchased
April 25:- Received acsh 11195 from Pravin Traders and allowed discount Rs-5
April 30:- Paid salary to Staff Rs-3500 & Office Rent Rs-950.
Consider the above transaction for Journalised in the Books of The Company

Reference no: EM13867118

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The nature of the expenditure

Reference no: EM13867118

Reference no: EM13867118

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