Cash COMES under the head Real Account and the Golden Rule for Real Account is :“ Debit what comes in” & “Credit what goes out”Bank comes under PERSONAL Account and the Golden Rule for Personal Account is :“Debit the Receiver” & “Credit the Giver”Sales is a source of revenue/income generation and comes under NOMINAL Account. The Golden Rule for Nominal Account is :“Debit all Expenses & Losses” & “Credit all Incomes & Gains.So therefore, journal entry for Cash Sales of ₹15000 will be :-Cash A/c…… Debit(cause when we sell in cash, cash comes Into the business and therefore Debited)

X,Y and Z were partners in a firm sharing profits in 5:3:2 ratio. On 31st March, 2016 Z retired from the firm. On the date of Z’s retirement the Balance Sheet of the firm was as follows: Balance Sheet of X,Y and Z As at 31st March, 2016 Liabilities Rs Assets RsCreditorsBills Payable Outstanding Rent PROVISION for Legal Claims Capital A/cs: X 1,27,000 Y 90,000 Z 71,000 27,00013,000 22,500 57,500 2,88,000 4,08,000 BankDebtors 20,000 Less: Provision for doubtful debts 500 Stock Furniture Land and Building 80,00019,500 21,000 87,500 2,00,000 4,08,000 On Z’s retirement it was agreed that: i) Land and Building will be appreciated by 5% and furniture will be depreciated by 20%. ii) Provision for doubtful debts will be made at 5% on debtors and provision for legal claims will be made Rs60,000. iii) Goodwill of the firm was valued at Rs60,000. iv) Rs70,000 from Z’s Capital ACCOUNT will be transferred to his loan account and the balance will be paid to him by cheque. Prepare Revaluation Account, Partner’s Capital Accounts and Balance Sheet of X and Y after Z’s retirement.no

there is PROBLEM in MS POOJA accountExplanation:

The TERM CURRENT assates does not COVER is GOODWILL

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Current liabilities are SEPARATED from long-term liabilities on classified balance SHEETS. ... Knowing the liabilities that are DUE within one year and the amount of assets turning to cash within one year are so IMPORTANT that it makes sense to prepare a classified balance sheet.

If it is TRUE or FALSE TYOE QUESTION, then the ANSWER is True.:)

If the amount of WORK certified is LESS than of the contract price, then no PROFIT should be TAKEN to Profit and LOSS Account.

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Accounting standards are issued under the AUTHORITY of the Council of ICAI who has been entrusted with the responsibility of propagating the accounting standards in India and persuading the concerned PARTIES to comply with them while preparing and presenting the financial statements.Hope it helps . EXPLANATION:

accruedExplanation:

2,00,000Explanation:2,00,000 is the RIGHT answerTHANKYOU

Who can use NPS calculator?NPS calculator can be used by anyone who is ELIGIBLE to invest in the scheme. As per the NPS rules, any Indian citizen between the ages of 18 years and 60 years can invest in the scheme. The person will require complying with know-your-customer (KYC) norms to start the investing in the scheme.How to use this calculatorTo know how much corpus will be accumulated by you, the calculator will require the following details:a) Your current age and the age you wish to retireb) Amount that will be INVESTED by you every monthc) Returns that you expect to earn from your NPS investmentd) Annuity period, i.e., number of years over which you wish to receive the monthly pension in the post RETIREMENT years. You are REQUIRED to mention this number in years.e) The percentage of pension wealth invested in the annuity plan means the PERCENT of accumulated corpus you will use to buy a pension plan. This cannot be below 40 percent if you withdraw at 60 years or more. If you withdraw before 60 years, it cannot be below 80 percent.f) Expected rate of interest on the annuity investment is the returns that you expect to earn from your annuity (pension) during the post-retirement period.How the calculator worksWith the inputs given by you, you will get the corpus that will be accumulated by you at the time of your retirement. The corpus is calculated by using the principle of power of compounding.What the calculator showsThe NPS calculator will show you the details of your investment. It will show you the amount invested by you during the accumulation phase of the scheme, interest earned by you, and the total amount of corpus generated at the time of maturity.The calculator also shows the break-up of details of the amount which is re-invested to receive monthly pension and lump sum amount withdrawn by you. Based on the expected returns from the annuity, it also shows the amount of monthly pension that you will receive.

Enter the FOLLOWING transactions in the petty cash book 2020JunePetty Cashier is given a weekly imprest amount ofJune 2 paid for wagesJune2 paid for stationeryJune 3 paid for courier chargesJune 4paid for taxi fareJune 4 paid for entertainmentJune 5 paid for refreshment for EMPLOYEESJUNE 6 paid for cartageJune6 paid for carriageJune 7 paid for postageRs.4,00Rs.300Rs.200Rs.200Rs.500Rs.600Rs.400Rs.300Rs.400Rs.200ऑल ट्रांजैक्शंस

pta NHI MERE bhi bhut answer DELETE KIYE hai.... Explanation:Follow me...Mark as brainliest answer....

Endangered species

House Sparrow

Birds, our chirpy feathred freinds, who have amazed us by their AERODYNAMICS and exotic colours, are under greate threat. there are 9,934 species of birds that are exixting in the world today, out of which, a staggering 1,313(13%) are threatened under extinction. House Sparrow is one of them.

Sparrows, though tiny, are very sensitive and strongly IMMUNE birds, and their sudden disappearance as sentimels or as ecological indicators is a warnin g to humans aboud impendinf environmental hazards

A) DEBIT of bank column and CREDIT of CASH coloumn

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I didn't UNDERSTAND the QUESTION

no QUESTION re TYPE pleaseExplanation:HOPE you UNDERSTAND mark me as brain list

total assets = CAPITAL + creditors + net PROFIT (INCOME - expense ) = 260000 +40000 + 100000 - 50000 = 350000capital = capital given + net profit = 260000 + 50000 = 310000

Don't KNOW is ARVIND AMBANI SON

tion:Income [other than dividends as referred to in SECTION 115-O] of a non-resident PERSON from bonds or GDRs of a public SECTOR company sold by the Government and purchased in foreign currency or long-term capital gains arising from transfer of such bonds or GDRs. 10%