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need to do the transactions given below. 3 40,000 3,60,000 44,00,000 1,20,000 70,00,000 1.50,000 88,000 42,000 10,000 7,20,000 124,000 Name of Accounts Cash in hand
need to do the transactions given below.
3 40,000 3,60,000 44,00,000 1,20,000 70,00,000 1.50,000 88,000 42,000 10,000 7,20,000 124,000 Name of Accounts Cash in hand Cash at bank Purchase and sales Return inwards Return outwards Carriage on purchases Carriage on sales Fuel and power Stock Ist April 2018) Bad debts Bad debts provision Debtors and creditors Capital Investments Interest on investments Loan from Nishant @18 pa Repairs General expenses Land and buildings Wages and salaries Miscellaneous receipts Bills payable Stationery 16,40,000 50,000 6,00,000 43,40,000 4,00,000 40,000 2,00,000 30,400 2,12,000 36,00,000 3,60,000 2,400 1,04,000 40,000 1.24.86 400 124,86.400 Adjustments: Write-off 40,000 as bad debts and provision for doubtfuldebts is to be maintained at 5% on debtors i Loan from Nishant was taken 1st August, 2018, No interest has been paid so far. 0 Included in general expenses is insurance premium 24,000 paid for one year ending 30th June, 2019 OM 1/3rd of wages and salaries is to be charged to trading account and the balance to profit and loss account Minister was vied by the proprietor for own purpose IM) Closing stock wave 10,00.000 (8) Step by Step Solution
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