35. Journalise the following in books of Vaibhav : 2016Mar. 1 M/s. Ram Prashad of Jaipur commenced business as book-seller and stationery dealerwith a capital of 3,00,000.Mar. 3 Bought new furniture for the shop of * 20,000.Mar. 4 Bought books = 1,00,000 and paper + 50,000 in cash.Mar. S Sold books and paper for cash 70,000.Mar. 8 Purchased books from Macmillan & Co., Bombay = 1,20,000.Mar. 13 Sold books to the University Library for cash 50,000.Mar. 15 Paid for wages 7 500 and Stationery 7 1,000.Mar. 17 Paid cash to Macmillan & Co. 11,900 and received discount 100.Mar. 20 Received rent for a portion of the shop sublet * 15,000.Mar. 22 Sold books and stationery to K.P. Bros. 730,000 and for cash 720,000.Mar. 25 Received cash from K.P. Bros. 29,500 in full settlement, the balance of 500 hasbeen allowed as discount.Mar. 31 Paid rent 74,500 and salaries for the month + 10,000.

35. Journalise the following in books of Vaibhav : 2016Mar. 1 M/s. R

1.	35. Journalise the following in books of Vaibhav : 2016Mar. 1 M/s. Ram Prashad of Jaipur commenced business as book-seller and stationery dealerwith a capital of 3,00,000.Mar. 3 Bought new furniture for the shop of * 20,000.Mar. 4 Bought books = 1,00,000 and paper + 50,000 in cash.Mar. S Sold books and paper for cash 70,000.Mar. 8 Purchased books from Macmillan & Co., Bombay = 1,20,000.Mar. 13 Sold books to the University Library for cash 50,000.Mar. 15 Paid for wages 7 500 and Stationery 7 1,000.Mar. 17 Paid cash to Macmillan & Co. 11,900 and received discount 100.Mar. 20 Received rent for a portion of the shop sublet * 15,000.Mar. 22 Sold books and stationery to K.P. Bros. 730,000 and for cash 720,000.Mar. 25 Received cash from K.P. Bros. 29,500 in full settlement, the balance of 500 hasbeen allowed as discount.Mar. 31 Paid rent 74,500 and salaries for the month + 10,000.
Answer» A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net WORTH is the ASSET value MINUS how much is owed (the liability). A bank's balance sheet operates in much the same WAY. A bank's net worth is also REFERRED to as bank capital.Explanation:I Think So It Will Help U

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