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A self cheque is written by the ACCOUNT holder as pay self to receive the money in the PHYSICAL form from the BRANCH where he holds his account. It comes under bearer cheque where instead of writing the name, the account holder WRITES “self” to receive money PHYSICALLY from the branch where he holds the account.20-Sep-2020

Explanation:23456 RUPEES

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for exampleThe cash a/c is debited as it is an asset for the BUSINESS and the capital a/c is credited as it is a liability for the business according to the business entity concept.1. According to the golden rules of accounting:Cash a/c Debit Debit what COMES inTo Capital a/c Credit Credit the giver(being business COMMENCED with cash)2. According to the modern rules of accounting:Cash a/c Debit Debit the increase in assetTo Capital a/c Credit Credit the increase capital(being business commenced with cash)ExampleMr. A commenced business with cash (capital) amounting to 1,00,000. The journal ENTRY in the books of Mr. A is as followsCash a/c Debit 1,00,000To Capital a/c Credit 1,00,000(being business commenced with cash)

On 1st April 2017, Mr. X started farming with a capital of Rs. 1,00,000. his transactions for next few months are as below: 1) 03/04/2017: Purchased a pair of bullocks for Rs. 40000 and paid in cash 2) 07/04/2017: 20,000 at bank.3) 10/04/2017: purchased fertilizer from M/S ABC worth Rs. 5,000 and paid Rs. 3,000 in cash. 4) 20/04/2017: Sold 10 quintal of rice @Rs. 1500/quintal to Mr Z and received the AMOUNT in cash5) 23/04/2017: Deposited the amount in bank 6) 02/05/2017: Paid WAGES Rs. 1,000 7) 10/05/2017: purchased implements of Rs. 3,000 8) 20/05/2017: Purchased cattle feed of Rs. 1500 9) 30/05/2017: Paid wages Rs 1,000 10) 05/06/2017: paid the OUTSTANDING amount to M/S ABC.Journalise the transactions stock. Post the JOURNAL entries to respective ledger accounts and close the accounts.

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On 1st APRIL, 2018, an existing firm had assets of Rs. 75,000 INCLUDING cash of Rs.5,000. Its creditors amounted to Rs. 5,000 on that date. The firm had a Reserve of Rs. 10,000 while Partners Capital Accounts showed a balance of Rs. 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued at Rs. 24,000 at four years purchase of super profit, FIND average profit per YEAR of the existing firm.Read more on Sarthaks.com - https://www.sarthaks.com/466855/1st-april-2018-existing-firm-had-assets-000-including-cash-000-its-creditors-amounted-000Explanation:pls mark me a brainlist

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Explanation: 10 SHAWLS of poor QUALITY, which it returned. Mittal Bros. settled the PAYMENT in 10 DAYS.

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Entry for Interest Charged on CapitalExplanation:Interest on Capital A/C.                        To Capital A/C.   (Being interest on capital charged to capital A/C @ 7% on ___ Amt.)HOPE this helps you dear !!MARK as BRAINLIEST

ata:A, B and C are partners in a firm.D is ADMITTED into the firm for 1/5th of the shares.Profits for the LAST 4 years were Rs 2,88,000, Rs 1,81,000, Rs 49,800 and a loss of Rs 1,60,000.The goodwill is to be valued at 3 years' purchase of the AVERAGE profit of the last 3 or 4 years, whichever is higher.To find: The goodwill.Answer:CALCULATION of the average profit of the last 3 years:Profits for the last 3 years:Rs 2,88,000Rs 1,81,800Rs 49,800Average profit = Total profit ÷ Number of yearsAverage profit = (Rs 2,88,000 + Rs 1,81,800 + Rs 49,800) ÷ 3Average profit = Rs 1,73,200Calculation of the average profit of the last 4 years:Profits for the last 4 years:Rs 2,88,000Rs 1,81,800Rs 49,800(Rs 1,60,000)Average profit = Total profit ÷ Number of yearsAverage profit = (Rs 2,88,000 + Rs 1,81,800 + Rs 49,800 - Rs 1,60,000) ÷ 4Average profit = Rs 89,900Since the average profit for the last 3 years [Rs 1,73,200] is greater than the average profit for the last 4 years [Rs 89,900], the goodwill will be valued at 3 years' purchase of the average profit of the last 3 years, i.e., Rs 1,73,200.Goodwill = Average profit × Number of years' purchaseGoodwill = Rs 1,73,200 × 3Goodwill = Rs 5,19,600Therefore, the goodwill is Rs 5,19,600.

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and B are partners in a FIRM.C is admitted into the firm and is guaranteed a profit of Rs 10,000 by A.The new profit-sharing ratio is 3:2:1.The profit for the YEAR was Rs 1,20,000.To find: C's share in profit.Answer:Calculation of the profit distribution:Since they share their PROFITS and losses in the ratio 3:2:1, the profit will be DISTRIBUTED accordingly.For A:Profit share = Rs 1,20,000 × 3/6 = Rs 60,000For B:Profit share = Rs 1,20,000 × 2/6 = Rs 40,000For C:Profit share = Rs 1,20,000 × 1/6 = Rs 20,000There is no deficiency in C's profit as C gets more than his guaranteed profit, i.e., Rs 10,000.Therefore, C's share in profit is option (C) Rs 20,000.

According to the structure of intellect model traits are DIVIDED into three parts- Products, contents and Operations” Justify Q9) How is INTELLIGENCE an interplay of nature and nurture? Q10) “According to various PSYCHOLOGISTS’ one MUST guard against the ERRONEOUS practices associated with Intelligence”.According to the structure of intellect model traits are divided into three parts- Products, contents and Operations” Justify Q9) How is intelligence an interplay of nature and nurture? Q10) “According to various psychologists’ one must guard against the erroneous practices associated with Intelligence”.According to the structure of intellect model traits are divided into three parts- Products, contents and Operations” Justify Q9) How is intelligence an interplay of nature and nurture? Q10) “According to various psychologists’ one must guard against the erroneous practices associated with Intelligence”.Explanation:

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Humour (international English) or humor (American English; see SPELLING differences) is the tendency of EXPERIENCES to provoke laughter and provide amusement. The TERM derives from the humoral MEDICINE of the ancient Greeks, which taught that the balance of fluids in the human BODY, known as humours (Latin: humor, "body fluid"), controlled human health and emotion.don,t know sry............

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50,000 + 8000 - 6000 = 52,000

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