pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

0 Answers   Marketing Sales,

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"i have received half of the salary in advance and another half in the end of month" what will be the journal entry for this?

6 Answers   ACS, Genpact,

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Credit balance of suspense A/c will be shown in

1 Answers  

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Dear sir, presently iam working in manufacturing industry as an account that is ( cement industry) may i expect good work here or not?

1 Answers  

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how could i explain the reasons to quit my previous job and what are the better reasons to quit my job?

1 Answers   Infosys, SIS India,

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how in the big companies the budget are prepared and controlled?

0 Answers   HCL,

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what is MIS Report

5 Answers  

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

0 Answers  

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If drs are deducting amt as TDS , how entry will be passed in books? pls clarify

2 Answers   HLL,

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Tell me what steps would you take to increase revenue for this company?

0 Answers  

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Pls.tell me related purchase orders.

1 Answers   ABC,

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what is a promissory note ?

2 Answers  

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