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All Business transactions are not Accounting transactions.
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Answer / ajit khaware
Only those transactions can be accounting transaction which
evolves monetary term. hence all business transactions are
not accounting transactions
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / g. gayathri manikandan
All the Business transactions is a accounting transactions.
For Eg. If a visitors came to our concern what ever the
expenses met by the concern like biscuits and others are
finaly entered by the accountant.
| Is This Answer Correct ? | 1 Yes | 0 No |
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The following are details of an invoice from a foreign supplier of goods: 20 pieces of item X @ $ 20 per piece $ 400 20 pieces of item Y @ $ 5 per piece 100 Shippingcharges 40 Discount -80 Total $ 460 Total cost of above shipment of goods is Dh 2,300 which is made up of Dh. 2,070 representing cost of transferring the above invoice amount of $460 and the balance of Dh 230 represents other direct costs You are required to calculate the landed cost in Dirhams for ONE PIECE of item X.
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Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
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