Journalize the following transactions of Mr. Rahul: 2007 Jan. 1 123+ 2 Rahul started restaurant business with
Question:
Journalize the following transactions of Mr. Rahul: 2007
Transcribed Image Text:
Jan. 1 123+ 2 Rahul started restaurant business with cash Paid into bank 10,000 6000 4 Bought provisions from M/s S. Singh & Co. Purchased furniture Purchased cutlery and crockery Purchased billing machine (payment in all cases made by cheque) 2000 200 800 600 6 Paid for postage 8 Sold food for cash 15 400
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
Question Posted:
Students also viewed these Business questions
-
A particle of mass m moves in a certain plane P due to a force F whose magnitude is constant and whose vector rotates in that plane with a constant angular velocity . Assuming the particle to be...
-
One of Lara Dole Company's activity cost pools is machine setups, with estimated overhead of $300,000. Dole produces flares (400 setups) and health packs (600 setups). How much of the machine setup...
-
Consider the following large organizations. Would you classify them as primarily cost leaders, product differentiators, or focused competitors according to the Porter Strategy Framework?Why? Dominant...
-
Journalize the following transactions of Mr. Rahul: 2007 Jan. 1 123+ 2 Rahul started restaurant business with cash Paid into bank 10,000 6000 4 Bought provisions from M/s S. Singh & Co. Purchased...
-
The following preliminary unadjusted trial balance of Seats-For-You Co, a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the...
-
Comprehensive Problem 1-1A Maria Tallchief is a single taxpayer (birthdate May 18, 1995) tiving at S43 Space Drive, Houston, TX 77099. Her Social Security number is 1234. For 2022, Maria has no...
-
Journalize the following transactions of Mr. Satish: 2009 Feb. 1 Satish started business with cash 20,000 and goods worth 5000 2 Bought goods from Shyam 2000 4 Purchased furniture from Sunil for cash...
-
Journalize the following transactions: 2008 March 1 2 Vikas started hotel business with cash Bought kitchen equipment 30,000 5000 3 Bought provisions for cash from Madan 2500 4 Sold food for cash to...
-
(a) Derive eqs. (10.23) and (10.24) from eqs. (10.18) and (10.20). (b) Using eq. (10.29) in conjunction with Maxwell's equations, show that (c) From part (b), derive eqs. (10.32) and(10.33). jwu
-
Suppose Coca-Cola and Pepsi-Cola, who do not communicate, are engaged in a sales game and each firm seeks to maximize profit. The firms set high price or low price. If both set high price, each makes...
-
Mal Co currently sells 25 styles of sports watches. The market has remained static with an overall revenue of $50 million. Mal Co is always trying to bring out new designs and colours to try and...
-
Two employees are arguing loudly in the hallway about their working relationship. One accuses the other of setting them up for failure and looking bad in front of their supervisor. Tensions escalate...
-
Pizza Land operates a pizza franchise in LA. The owner has provided the following budgeted data for next year. Revenue $11,838,000 Fixed Costs $3,198,000 Variable Costs (depends on the # of pizzas...
-
An executive coach started working with employees at Agency ???? ???? one month ago, and since then, Agency X ' " id="MathJax-Element-2-Frame" role="presentation" style="font-size: 121%; position:...
-
Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. Additional data related to 2010 are as follows. 1. Equipment...
-
A red card is illuminated by red light. What color will the card appear? What if its illuminated by blue light?
-
The following information pertains to Stanley Company for Year 2: Beginning inventory 90 units @ $15 Units purchased 320 units @ $19 Ending inventory consisted of 40 units. Stanley sold 370 units at...
-
The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: During the year, The Shirt Shop sold 800 T-shirts for $25 each. Required a. Compute the amount of...
-
The following information pertains to the inventory of Steelman Company for Year 2: During Year 3, Steelman sold 2,500 units of inventory at $85 per unit and incurred $38,600 of operating expenses....
Study smarter with the SolutionInn App