2024 Purchased machinery for cash worth rs. 45 000

Purchased machinery for cash worth rs. 45 000

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WebDec 20, 2024 · Mar. 7. Purchased machinery on credit from Tahira RS 52,000. installation charges paid by cheque Rs 1,000. Mar. 12. Machinery of the book value of Rs 12,000 sold for Rs 15,000. Mar. 16. Machinery of the book value of Rs 20,000 sold for Rs 17,500. Mar. 23. Machinery withdrew for personal use Rs 7,000. WebHence, cashier misappropriates Rs. 44,000 of cash as paid to Mr.X. (4) By accounting more amount on payments side of cash book than the actual amount paid. Example: Amount paid to Gopal for Rs. 5,000 is accounted on the credit side of cash book as Rs. 15,000. The difference of Rs. 10,000 may be defrauded by the cashier.

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WebOct 19, 2024 · 60. Received from Prasad Rs. 985 in full settlement of his account for Purchased goods worth from Sanjeev Bros. at a trade discount of 10% and paid cash. … Web(1) Owner introduced Rs.,2,000,000/- in cash as initial capital to the business. (2) Purchase of furniture worth of Rs. 750,000/- by paying Rs.150,000/- in cash. (3) Purchased goods for Rs.300,000/- on credit terms. (4) Paid Rs. 450,000/- to Trade Creditors. (5) Sold Rs. 145,000/- worth of stocks for Rs. 180,000/- on credit terms. (05 marks) how to unlink key to account rockstar

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WebBansal Heavy Machine Ltd purchased machine worth Rs. 3,20,000 from Handa Trader. Payment was made as Rs. 50,000 cash and remaining amount by issue of equity share of … WebNov 26, 2024 · Purchased goods for Rs. 8,000 cash and Rs. 3,500 in credit; This entry affects cash and inventory on the asset side and liability on the other side of the accounting equation. This is because cash has decreased by Rs. 8,000 and inventory has increased by Rs. 11,500 on the asset side of the equation. Also, a liability worth Rs. 3,500 has increased. WebNewton Ltd. purchased a Machinery from B for ₹ 5,76,000 to ... the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Star Ltd. for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by ... Exe Ltd. purchased the assets of the book value ₹4,00,000 and took over the liabilities of ₹ 50,000 from ... how to unlink iphone messages from mac

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st …

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WebFeb 15, 2024 · M/s Mevo and Sons.; a bamboo pens producing company, purchased a machinery for ₹ 9,00,000. It received dividend of ₹ 70,000 on investment in shares. The company also sold an old machine of the book value of ₹ 79,000 at a loss of ₹ 10,000. Compute Cash flow from Investing Activities (CBSE SP 2024-20) Ans. Cash flow from … WebYou are required to calculate the value of stock for inclusion in the final accounts for the year ended 31st March, 2024. Concept and Accounting of Depreciation 7. The M/s LG Transport purchased 10 trucks at ` 45,00,000 each on 1st April 2014. On October 1st, 2016, one of the trucks is involved in an accident and is completely oregon high school basketball fightWebJun 21, 2024 · On 1st April, 2014, A Ltd. purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st October, 2014 an additional machinery costing ₹ 1,00,000 was purchased. On 1st October, 2016, the machine purchased on 1st April, 2014 was sold for ₹ 1,43,000 and on the same date, a new machine was purchased ata cost of ₹ 2,00,000. how to unlink items in blender

"WebCorrect option is C) Purchase of Machinery. This transaction will give affect in two accounts i.e. Machinery Account and cash Account. Hence there will be no affect in total assets as … " - Purchased machinery for cash worth rs. 45 000

Purchased machinery for cash worth rs. 45 000

Purchased machinery rs 95000 and paid rs 5000 for freight

WebOn 1 st November, 2024 Mr.Risabh started a Readymade garments business in Lucknow. Mr. Rishabh invested Rs 50,00,000. November 2 Cash deposited into the bank Rs. 30,00,000. November 2 Goods purchased for cash Rs 8,00,000 at 25% trade discount . November 3 Sewing Machinery Purchased for cash Rs. 5,50,000 and installation expenses paid Rs. … WebFeb 12, 2024 · Answer: Cash Flows imply movement of cash in and out due to some non-cash items. Question 10. K Ltd., a manufacturing company obtained a loan of ₹6,00,000, advanced a loan of ₹1,00,000 and purchased machinery for ₹5,00,000. Calculate the amount of Cash Flow from financing and investing activities. Answer:

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WebA Company had bought machinery for Rs. 2, 00,000 including a boiler worth Rs. 20,000. The Machinery Account had been credited for depreciation on the reducing installment … WebClick here👆to get an answer to your question ️ [Ans. 14 Hints : Q. 26. Journalise the following: 1. Purchased goods for 25,000 for Cash and paid 200 for carriage on these goods. 2. Purchased goods for 40,000 on Credit from Sudhir and paid 500 for carriage on these goods. 3. Purchased machinery for 20,000 and spent 500 on its carriage and 300 on its …

WebAnswer: Cash Flows imply movement of cash in and out due to some non-cash items. Question 10. K Ltd., a manufacturing company obtained a loan of ₹6,00,000, advanced a loan of ₹1,00,000 and purchased machinery for ₹5,00,000. Calculate the amount of Cash Flow from financing and investing activities. Answer: WebMohan purchased a machinery amounting Rs. 10,00,000 on 1 st April, 2000. On 31 st March, 2006 The similar machinery could be purchased for Rs. 20,00,000 but the realizable value …

WebOn 1 st November, 2024 Mr.Risabh started a Readymade garments business in Lucknow. Mr. Rishabh invested Rs 50,00,000. November 2 Cash deposited into the bank Rs. … WebSep 19, 2024 · The estimated life of the machinery is 5 years with a residual value of Rs. 15,000. ... X Ltd. Purchased a machine costing Rs 4,00,000 and spent Rs 50,000 on its …

WebApr 10, 2024 · Mr A purchased machinery from XYZ Ltd. amounting to 20,000 on a cash basis. The journal entry in the books of Mr A is as follows: Machinery a/c. Debit. 40,000. …

WebAug 16, 2024 · Cost of machine for company = 40,000 Company spent on machine = Rs. 10,000 Final cost of machine = Rs. 40,000 + Rs. 10,000 = Rs. 50,000 ... The marked price of a chair is Rs. 800. A shopkeeper purchased it on two successive discounts ... At what price should a product worth Rs 6,000 be marked if after a discount of 10%, the seller ... how to unlink iphonesWebQuestion: Record the journal entries for the following: 1 - Business started with cash 8,000 and plant & machinery 3,000. 2 - Stock purchase for sale (cash purchase) = 3,000, credit purchase = 5,000. 3 - Wages paid 120,000 (including 20,000 relating to a future year). 4 - Salaries paid 200,000 but due 110,000. how to unlink iphones picturesWebOn 1st October, 2015, an additional machinery costing Rs ... On 1st April, 2015, A Ltd. Purchased a machine for Rs 2,40,000 and spent Rs 10,000 on its erection. how to unlink kindle fire tabletsWeb(i) D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque; goods ₹ 60,000; machinery ₹ 1,00,000 and furniture ₹ 50,000. (ii) 1/3rd of above goods sold at a … how to unlink laptop and pcWebAlankrit Ltd. purchased machinery of ₹ 10,00,000 from Grand Iron Works Ltd. and paid as follows: (a) Issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 2. (b) Gave an … oregon high school baseball scheduleWebSep 20, 2024 · Purchased machinery rs 95000 and paid rs 5000 for ... 1* Jan 2013 Cash in hand Rs. 50,000 Cash at Bank Rs. 30,000 Cash sales Rs 20, … 000 3rd 8th 12% 14th 16th … how to unlink konami id from steamWeb(a) Sale of Fixed Assets, Book Value ₹ 1,00,000 at a profit of ₹10,000. (b) Sale of goods against cash. (c) Purchase of machinery for cash. (d) Purchase of Land and Building for ₹10,00,000. Consideration paid by issue of debentures. (e) Issued fully paid Bonus Shares. (f) Cash withdrawn from bank. (g) Payment of Interim Dividend. how to unlink iwatch from iphone