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    Shaan Ques 01

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    ayaan madaar
    The document shows the transactions of a business over 10 periods. It tracks cash, bank balance, stock, machinery, debtors, creditors, bank loan, rent outstanding, advance commission, and capital. Key events include starting the business with Rs. 1,20,000 capital, purchasing goods and machinery, selling goods on credit, paying and receiving creditors, paying rent and depreciation, receiving commission, and charging interest on capital. The document uses a tabular format to systematically record these financial transactions and how they impact the different accounts over time.

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    Shaan Ques 01

    Uploaded by

    ayaan madaar
    27 views1 page
    The document shows the transactions of a business over 10 periods. It tracks cash, bank balance, stock, machinery, debtors, creditors, bank loan, rent outstanding, advance commission, and capital. Key events include starting the business with Rs. 1,20,000 capital, purchasing goods and machinery, selling goods on credit, paying and receiving creditors, paying rent and depreciation, receiving commission, and charging interest on capital. The document uses a tabular format to systematically record these financial transactions and how they impact the different accounts over time.

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    Shaan Ques 01

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    The document shows the transactions of a business over 10 periods. It tracks cash, bank balance, stock, machinery, debtors, creditors, bank loan, rent outstanding, advance commission, and capital. Key events include starting the business with Rs. 1,20,000 capital, purchasing goods and machinery, selling goods on credit, paying and receiving creditors, paying rent and depreciation, receiving commission, and charging interest on capital. The document uses a tabular format to systematically record these financial transactions and how they impact the different accounts over time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views1 page

    Shaan Ques 01

    Uploaded by

    ayaan madaar
    The document shows the transactions of a business over 10 periods. It tracks cash, bank balance, stock, machinery, debtors, creditors, bank loan, rent outstanding, advance commission, and capital. Key events include starting the business with Rs. 1,20,000 capital, purchasing goods and machinery, selling goods on credit, paying and receiving creditors, paying rent and depreciation, receiving commission, and charging interest on capital. The document uses a tabular format to systematically record these financial transactions and how they impact the different accounts over time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    sr no. Transection Cash bank Stok machinery Debtor Creditor Bank loan Rent O/.S Advance com.

    Capital
    1 Started buesiness 1,20,000 and deposite 60,000 60,000 0 0 0 0 0 0 0 1,20,000
    60,000 in bank
    2 Brought Goods 40,000 by Cash and -40,000 70,000 0 0 30,000 0 0 0 0
    on credit 30,000 by Sohan
    20,000 60,000 70,000 0 0 30,000 0 0 0 1,20,000

    3 Purchased machie 2,00,000 by Loan 0 0 0 2,00,000 0 0 2,00,000 0 0 0


    20,000 60,000 70,000 2,00,000 0 30,000 2,00,000 0 0 1,20,000

    4 Sold Goods 30,000 @ profit 10% on credit 0 0 -30,000 0 33,000 0 0 0 0 3,000


    20,000 60,000 40,000 2,00,000 33,000 30,000 2,00,000 0 0 1,23,000

    5 Paid Sohan in Full settlement 29,500 0 -29,500 0 0 0 -30,000 0 0 0 500


    by Cheque
    20,000 30,500 40,000 2,00,000 33,000 0 2,00,000 0 0 1,23,500

    6 Received Cheque from Mohan in Full 0 32,200 0 0 -33,000 0 0 0 0 -800


    Settlement 32,200
    20,000 62,700 40,000 2,00,000 0 0 2,00,000 0 0 1,22,700

    7 Paid rent 3000 but 800 is still Outstending -3000 0 0 0 0 0 0 800 -3800

    17,000 62,700 40,000 2,00,000 0 0 2,00,000 800 0 1,18,900

    8 Charge Depriciation 1000 on Machine 0 0 0 -1000 0 0 0 0 0 -1000

    17,000 62,700 40,000 1,99,000 0 0 2,00,000 800 0 1,17,900

    9 Received Commission 2000 Including 500 2,000 0 0 0 0 0 0 0 500 1,500


    Advance
    19,000 62,700 40,000 1,99,000 0 0 2,00,000 800 500 1,19,400

    10 Charge Intrest on capital 10,000 0 0 0 0 0 0 0 0 0 10,000


    -10,000
    19,000 62,700 40,000 1,99,000 0 0 2,00,000 800 500 1,19,400

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