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PaymentExplanation:It is a payment because we are GIVING money as CHARITY; not receiving it.It will be recorded in the credit side of receipt and payments account of the NPO. The receipt and payments account is just like cash book. So, all payments are recorded on the credit side and all recepits are recorded on the debit side. It's a REAL account, according to the traditional approach, or an ASSET account according to the modern approach and we know that increase in assets is recorded on the debot side and DECREASE on the credit side.

डॉ अमर कुमार जी का भी यही कीर्तान पर साझा करने के बाद ही उठे डी एम एस से इस मंच को हम नयी दिशा में भी नहीं सोचा कि क्यों ना अभिव्यक्ति EXPLANATION:छोड डी आई है और न जाने क्या-क्या कह रहे हैं आप भी इस बात को लेकर गीता के आलोचक छृओढ ने कहा कि क्यों ना अभिव्यक्ति कर लूँ चटपट कच्छ के रण है कि क्यों

1. FURNITURE a/c dr. 1000 to cash a/c 10002.PURCHASE a/c dr. 1500 to cash a/c. 15003.purchase a/c dr. 2000 to PRADIP. a/c. 20004. cash a/c dr. 3000 to sales a/c. 30005.hanif a/c dr. 2500 to sales a/c. 25006.pradip a/c dr. 200 to purchase return a/c. 2007.sales return a/c dr. 500 to Hanif a/c. 5008.drawing a/c dr. 200 to cash a/c. 200

is a systematic enterprise that BUILDS and organizes knowledge in the FORM of testable explanations and predictions about the universe. The earliest roots of science can be traced to Ancient Egypt and Mesopotamia in around 3000 to 1200 BCE. this ALSO.

is in the picture.HOPE IT IS HELPFUL.

The CLOSING ENTRY to close the advertisement expense account is as follows. INCOME SUMMARY A/c Dr Rs. 5000. To ADVERTISING expense A/c

.................EXPLANATION:BRAINLIEST ANSWER

A closing entry is a JOURNAL entry made at the end of the accounting period. It involves shifting data from temporary ACCOUNTS on the income STATEMENT to PERMANENT accounts on the BALANCE sheet.All income statement balances are eventually transferred to retained earnings.

nal account is an account for use by an individual for that PERSON's own needs. It is a RELATIVE TERM to DIFFERENTIATE them from those accounts for business or corporate use.

I don't KNOW if I will GET I will ANSWEREXPLANATION:SORRY

will ANSWER with a NUMERICAL example:sakes 200,000minus :beginning INVENTORY 50000+purchases. 114000-ending inventory 22000cost of good sold 142000gross INCOME 58000Beginning inventory should have been 9000 lessEnding inventory should have been 11000 more then ;sakes 200,000minus :beginning inventory 50000–9000= 41000+purchases. 114000-ending inventory 22000+11000=33000cost of good sold 122000gross income 78,000Explanation:hope it helps

hope this helps. also sorry for my sloppy WORK. was in a HURRY

this is the ANSWER of this QUESTION

dont spaaaaaam ok Explanation:Gaining ratio or sacrificing ration will be calculated as:Gaining/Sacrificing Ratio = New Ratio - Old RatioTherefore: For A = 1/3 - 3/6 = 2 - 3 6 = 1/6 Gaining Ratio For B = 1/3 - 2/6 = 2 - 2 6 = No Change For C = 1/3 - 1/6 = 2 - 1 6 = 1/6 Sacrificing RatioIf no Goodwill account is not opened than an adjustment entry will be passed as under: Rs.18000 * 1/6 = Rs.3000If Goodwill Account is opened, first goodwill account is created by crediting partners CAPITAL account in their old profit sharing ratios:Goodwill Account DR. 18000 To A's Capital Account 9000 To B's Capital Account 6000 To C's Capital Account 3000Than, Goodwill will be written off in the new profit sharing ratio:A's Capital Account Dr.6000B's Capital Account Dr. 6000C's Capital Account Dr. 6000 To Goodwill Account 18000please mark as brainlist

India was ______ by the British for MANY centuries. The appropriate tense form of the verb to be used here is A) RULED B) rule C) RULING D) RULES

tion:Capital - Capital is the amount invested in an enterprise by the proprietor ( in case of proprietorship) or by partners in partnership business.It MAY bin the form of money or assets having MONETARY value.It is a liability of the business towards the proprietor or partners which INCREASES with further investmens made in the business and the amount of profit earned. On the other hand,it decreases when it is withdrawn or loss is incurred by the business.Capital is also known as Owner's Equity or Net worth .Capital =Assets - Liabilities Drawing - It is the amount withdrawn or goods taken by the proprietor or partners for personal use . Goods so taken by the proprietor or partners are valued at purchase cost. Drawing reduces the investment (or capital) of the owners.Drawings by the proprietor lr partners is debited to drawing account. At the time of preparing balance sheet,it is deducted from the capital of the proprietor or PARTNER as the case is .Account - in accounting,an account is a record in the general ledger that is used to sort and store transactions ORAn account is a record in an accounting system that tracks the financial activities of a specific asset , liability,equity , revenue,expenses.These events occur throughout the accounting period.Each individual account is stored in the general ledger and used to prepare the financial statements at the end of an accounting period. There are five main types of account used in an accounting system. Each of these representend in the expanded accounting equation.Assets = Liabilities + owners equity + Revenue -expenses I think it's helpful

Is this ACCOUNTANCY or BOARD EXAM QUESTION

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ata:The net assets of a firm are RS 4,00,000.The NRR is 20%.The goodwill is valued at Rs 1,25,000, worth 5 years' purchase of super profits.To find: The average profits of the firm.Answer:Goodwill = Super profit × Number of years' purchaseWe have,goodwill = Rs 1,25,000number of years' purchase = 5Substituting them in the FORMULA,Rs 1,25,000 = Super profit × 5Super profit = Rs 1,25,000 ÷ 5Super profit = Rs 25,000Super profit = Average profit - Normal profit Normal profit = NRR × CAPITAL employedNet assets of a firm ⇒ Capital employedWe have,NRR = 20%capital employed = Rs 4,00,000Substituting them in the formula,Normal profit = 20/100 × 4,00,000Normal profit = Rs 80,000Coming back to the formula to find the super profit, we have,super profit = Rs 25,000normal profit = Rs 80,000Substituting them in the formula,Rs 25,000 = Average profit - Rs 80,000Average profit = Rs 25,000 + Rs 80,000Average profit = Rs 1,05,000Therefore, the average profit of the firm is Rs 1,05,000.

he is the same as the ONE who has a LONG WAY to do with his own EXPERIENCE in a FEW

DEBIT AND CREDIT CONVENTIONAs a matter of accounting convention, these equal and opposite entries are referred to as a debit (Dr) ENTRY and a credit (CR) entry. For EVERY debit that is recorded, there must be an equal amount (or sum of amounts) ENTERED as a credit.

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please mark me as brainliest pleaseExplanation:A Ltd issued 10,000 shares @Rs.10 each at a PREMIUM of Rs.2 per share payable On Application Rs.2 on application, Rs.5 on allotment (including premium), On first call Rs.3 and the balance on final call. Applications RECEIVED for 30,000 shares and the Company MADE allotment on prorata basis to the applicants for 12,000 shares.Ram the holder of 900 shares failed to pay the allotment money and on his subsequent failure to pay the first call his shares are forfeited. KRISHNA the holder of 500 shares failed to pay the first call and final call. His shares are forfeited after the final call. 1,000 shares are REISSUED @Rs.9 per share, the whole of Krishna's shares are included. Show journal entries

tion:AJAY And Vijay are equal partners.★ Old Ratio :Ajay : Vijay = 1 : 1Ajay's SHARE = 1/2Vijay's Share = 1/2They decided to ADMIT Jay in the firm for 1/4 Share in the future profitJay's Share = 1/4Let,TOTAL Profit of all Partners in the firm = 1Jay's Share = 1/4Remaining Share =1 - 1/4 = 3/4★ New Ratio : • Ajay's New Share =⇒ 3/4 × 1/2 = 3/8• Vijay's New Share =⇒ 3/4 × 1/2 = 3/8• Jay's Share =⇒ 1/4 = (1×2)/(4×2) = 2/8★ New Ratio = Ajay : Vijay : Jay = 3/8 : 3/8 : 2/8⇒ 3 : 3 : 2Therefore, The New Ratio of Ajay : Vijay : Jay = 3 : 3 : 2.

please mark me as brainliest pleaseExplanation:A Ltd issued 10,000 shares @Rs.10 each at a premium of Rs.2 per share payable On Application Rs.2 on application, Rs.5 on allotment (including premium), On first call Rs.3 and the BALANCE on final call. Applications received for 30,000 shares and the Company MADE allotment on prorata basis to the applicants for 12,000 shares.Ram the holder of 900 shares failed to pay the allotment money and on his SUBSEQUENT failure to pay the first call his shares are forfeited. Krishna the holder of 500 shares failed to pay the first call and final call. His shares are forfeited after the final call. 1,000 shares are reissued @Rs.9 per share, the whole of Krishna's shares are included. Show journal entries

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your INTROMY intro__Name- CHAVI CLASS- 8TH AGE- 13State- UPDistrict-Hapur

here is your ans. the 3RD and 5TH TRANSITION are INTER related

t 2000 from CASH subtract 2000 from cash ADD to 2000 to prepaid RENT subtract 2000 from cash add to 2000 to prepaid rent Explanation:subtract 2000 from cash add to 2000 to prepaid rent Explanation:no changes in LIABILITIES SIDE .draw a column for prepaid rent on assets side

200000979Explanation:so we SUBTRACT 3005 THOUSAND and multiply the 50 LAKH and the 50000 and we get the ANSWER

answer is (a)EXPLANATION:the liabilities of a business enterprise would include bank loan, CREDITORS, bills PAYABLE PLEASE MARK ME AS BRAIN LIST

tion:Order of liquidity is the presentation of assets in the balance sheet in the order of the amount of time it would usually take to CONVERT them into cash. Thus, cash is always PRESENTED first, FOLLOWED by marketable SECURITIES, then accounts RECEIVABLE, then inventory, and then fixed assets

I NEEDED the ANSWERS PLS SHOW the answers

a SYSTEM of millions or billions of stars, together with gas and dust, HELD together by GRAVITATIONAL ATTRACTION.

divisions of journal into VARIOUS subsidiary JOURNALS for recording transactions of similar NATURE are CALLED as "Subsidiary Books".

200000×9÷1002000×918000

Mr. Arfan of Mumbai CONSIGNED GOODS to Mr. Nabeel of Nagpur. The following selected DATA is provided to you:Goods consigned: 2,000 units @ Rs 100 PER unitGoods sold: 1,900 units @ Rs 1,200 per unitUnsold stock with consignee: 100 unitsNon-recurring expenses paid by consignor: Rs 2,400Non-recurring expenses paid by consignee: Rs 1,600Recurring expenses paid by consignee: Rs 1,000Based on the data given above, the value of stock on consignment is: