The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

14 Answers   ICA,

---

Define push down accounting?

0 Answers  

---

We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?

0 Answers  

---

Explain what is bank reconciliation?

0 Answers  

---

are tpt, freight & packing charges part of sales & purchase ??

0 Answers  

---

share premium

3 Answers   Capital IQ, Fidelity,

---

What do you mean by Debit and Credit?

5 Answers  

---

what is accounts?

9 Answers  

---

 A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?

2 Answers  

---

journal entry of outstanding salary

11 Answers  

---

what is salary slab for tds

2 Answers   Automobile, Jakson,

---

Where I can Found Cost Reduction Techniques Implemented by Various cement Companies

0 Answers   Construction,

---