FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Give Journal entries in the books of A. 10. On 10th July, 2017, A sold goods to B for? 35,000 plus IGST @18%. He drew

image text in transcribed
Give Journal entries in the books of A. 10. On 10th July, 2017, A sold goods to B for? 35,000 plus IGST @18%. He drew on him a 3 months bill for 35,000 and received cheque for the balance amount. B accepted the bill. After 10 days, A endorsed the bill to his creditor C. On due date, acceptance is duly met. Show entries in the books of A, B, and C

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Financial Accounting

Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.

8th Edition

0324066708, 978-0324066708

More Books

Students also viewed these Accounting questions

Question

★★★★★
Dorothy Santosuosso does a lot of investing in the stock market and is a frequent user of stock-index options. She is convinced that the market is about to undergo a broad retreat and has decided to...

Answered: 1 week ago

Question

★★★★★
Each of the graphs of the functions in Exercises has one relative maximum and one relative minimum point. Plot these two points and check the concavity there. Using only this information, sketch the...

Answered: 1 week ago

Question

★★★★★
=+c) Would you use this model to predict future gas prices? Explain.

Answered: 1 week ago

Question

★★★★★
Technology often offers the potential of improving efficiency and effectiveness of transportation companies, but water carriers do not appear to have applied much new technology to improve their...

Answered: 1 week ago

Question

★★★★★
A product incurs variable costs of $ 6 0 per unit, fixed costs amount to $ 1 2 0 , 0 0 0 , and it sells for $ 7 5 per unit. Can this company achieve a 2 0 % rate of return on an investment of $ 3...

Answered: 1 week ago

Question

★★★★★
Dortherty, Inc. reports the following information for the year ended Dec 31: Units sold 500 units Sales price $120 per unit Direct materials $27 per unit Direct labor $9 per unit Variable...

Answered: 1 week ago

Question

★★★★★
Fall Guys has amassed 50 million players two weeks after being relaunched as a free-to-play title. Mediatonic broke the news on social media, with the latest milestone arriving shortly after the...

Answered: 1 week ago

Question

★★★★★
Ransomware attacks have increased during the pandemic, and, as a result, the damage to corporations can be great. If the data of millions of customers is compromised, the market pressure alone can...

Answered: 1 week ago

Question

★★★★★
What's the Best Approach to Data Analytics? Pl go through this HBR article very carefully and by Tom O'Toole MARCH 02, 2020 JOE DANIEL PRICE/GETTY IMAGES In practicing data analytics for more than...

Answered: 1 week ago

Question

★★★★★
What should Disney do to mitigate the losses stemming from the two scandals and to minimize the likelihood of such reputation-threatening incidents recurring in the future?

Answered: 1 week ago

Question

★★★★★
Calculate the productivity for the following operations: a.Three employees process 600 insurance policies in a week. They work 8 hours per day, 5 days per week.

Answered: 1 week ago

Question

★★★★★
If scientific management was the diabolical scheme that some considered it to be, why was it so widely adopted in the early part of the twentieth century?

Answered: 1 week ago

Question

★★★★★
Reduce the parallel discussion of the job organization system and the cooperative motivation system to a single statement that reflects the greatest single difference between the two approaches.

Answered: 1 week ago

Question

★★★★★
Identify and describe the fundamental difference between legalistic management and humanistic management. Describe several indicators that can be used to distinguish one from the other.

Answered: 1 week ago

Previous Question Next Question