2024 Purchased machinery for cash worth rs. 45 000

Purchased machinery for cash worth rs. 45 000

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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 … 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 …

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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 … WebThe company wants to disclose closing stock at Rs. 10 lakhs. The expected sale value is Rs. 11 lakhs and a commission at 10% on sale is payable to the agent. Advise, what is the correct value of closing stock to be disclosed as at 31.3.2024. (b) Ram Ltd. purchased machinery for Rs. 80 lakhs (useful life 4 years and residual value Rs. 8 lakhs). how to unpin from start windows 11

TS Grewal Solutions Class 11 Accountancy Chapter 2

Web20,000 were given away as charity in cash. 3. Goods worth Rs. 25,000 and cash Rs. 40,000 were taken away by the proprietor for his personal use. 4. Goods worth Rs. 20,000 and cash Rs. 5,000 were given away as charity. 5. Cash Rs. 1,00,000 were stolen from the Iron Safe of the trader. Solution 20: Point of Knowledge:-1. 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. … 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 ... oregon reciprocity states

MCQ Questions for Class 12 Accountancy Chapter 11 Cash Flow …

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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 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. … how to unpin from startup in windows 10WebMohan 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 … how to unpin from taskbar lenovo

"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 the face value of Rs. 100 each fully paid at an issue price of Rs. 90 each. Give journal entries to record the above transaction. " - Purchased machinery for cash worth rs. 45 000

Purchased machinery for cash worth rs. 45 000

TS Grewal Accountancy Class 11 Solutions Chapter 11 Depreciation

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. WebQuestion: 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.

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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 … 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.

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. … 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.

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) WebMar 16, 2024 · (i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000. (ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000. (iii) Purchased furniture on credit for ₹ 30,000. The …

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 …

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 … how to unpin from start/taskbar windows 11WebJun 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. oregon reciprocity concealed carryWebAnswer: 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: how to unpin from taskbar msnWebJul 6, 2024 · Addition is made on 1 st July 2006 for the value of ₹20,000. ... Shri Ram purchased a machinery costing Rs.40,000 and spent Rs.5,000 on its erection. asked Aug … how to unpay a bill in quickbooks desktopWebFeb 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 … how to unpin from taskbar chromebookWebNewton 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 ... oregon reciprocity electricalWeb(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 unpin from taskbar mac