Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales Alc and Capital A

1.	Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales Alc and Capital A/c, and balancethe same in the books of Madanlal.2019Aug1Started business with bank balance 40,000.2.Purchased goods from Aseem worth $15,000 less 10% Trade Discount.3Sold goods to Arun for 8,000 for cash.4Paid Rent 3,000 and Electricity bill 500.5Purchased 100 Shares of Perfect Technologies for * 55 per share and paid Brokerage250 by transfer through netbanking.6Withdrawal of goods for personal use 500.7 Sold goods for cash 5,000 less 10% Cash Discount.8 Deposited cash into Bank 2,000.9 Paid * 3,000 for daughter's tuition fees by Debit Card.10 Purchased a Table for 2,000.19 Received 1,500 by selling the scrap.27 Paid cash into bank in excess of 2,000119
Answer» Answer: Q.6 PREPARE Cash A/c, Bank A/c, Purchases A/c, Sales ALC and Capital A/c, and BALANCE the same in the books of Madanlal. 2019 Aug 1 Started business with bank balance 40,000. 2. Purchased goods from Aseem worth $15,000 less 10% Trade Discount. 3 Sold goods to Arun for 8,000 for cash. 4 Paid Rent 3,000 and Electricity bill 500. 5 Purchased 100 Shares of Perfect Technologies for * 55 per SHARE and paid Brokerage 250 by transfer through netbanking. 6 Withdrawal of goods for personal use 500. 7 Sold goods for cash 5,000 less 10% Cash Discount. 8 Deposited cash into Bank 2,000. 9 Paid * 3,000 for daughter's tuition fees by Debit Card. 10 Purchased a Table for 2,000. Explanation: 2,000.

Q.6 Prepare Cash A/c, Bank A/c, Purchases A/c, Sales Alc and Capital A/c, and balancethe same in the books of Madanlal.2019Aug1Started business with bank balance 40,000.2.Purchased goods from Aseem worth $15,000 less 10% Trade Discount.3Sold goods to Arun for 8,000 for cash.4Paid Rent 3,000 and Electricity bill 500.5Purchased 100 Shares of Perfect Technologies for * 55 per share and paid Brokerage250 by transfer through netbanking.6Withdrawal of goods for personal use 500.7 Sold goods for cash 5,000 less 10% Cash Discount.8 Deposited cash into Bank 2,000.9 Paid * 3,000 for daughter's tuition fees by Debit Card.10 Purchased a Table for 2,000.19 Received 1,500 by selling the scrap.27 Paid cash into bank in excess of 2,000119

Answer»

Answer:

Q.6 PREPARE Cash A/c, Bank A/c, Purchases A/c, Sales ALC and Capital A/c, and BALANCE

the same in the books of Madanlal.

2019

Aug

Started business with bank balance 40,000.

Purchased goods from Aseem worth $15,000 less 10% Trade Discount.

Sold goods to Arun for 8,000 for cash.

Paid Rent 3,000 and Electricity bill 500.

Purchased 100 Shares of Perfect Technologies for * 55 per SHARE and paid Brokerage

250 by transfer through netbanking.

Withdrawal of goods for personal use 500.

7 Sold goods for cash 5,000 less 10% Cash Discount.

8 Deposited cash into Bank 2,000.

9 Paid * 3,000 for daughter's tuition fees by Debit Card.

10 Purchased a Table for 2,000.

Explanation:

2,000.