Web5 Likes, 0 Comments - BUY & SELL FOR CASH BN 3247594 (@declutter_wunmak1) on Instagram: "Items description: see details on picture Selling price: see details on picture … WebCash Receipt Entry for Asset Items That Are Sold. When you dispose of an asset item by selling it, a cash receipt transaction is automatically posted for it when you process the disposal in Asset Management > Disposal Processing. The cash received for the sale of the asset item. The reversal of the asset item's general ledger balances for ...
Perpetual inventory system - Accounting For Management
WebA. pay for supplies. B. make a sales offer. C. receive cash for services to be rendered later. D. sell goods for cash. B. make a sales offer. A business paid $7,000 to a creditor in payment of an amount owned. The effect of the transaction on the accounting equation was to... A. increase an asset, increase stockholders' equity. WebDuring the month of January 2011 the following transactions took place: Jan 1 Bought goods for cash 70,000 2 Sold goods to Steve Co. (Credit) 38,000 15 Sold goods for cash 9,000 21 Steve Co. paid by cheque 35,000 22 Stationery bill paid by cheque 2,000 22 Telephone bill by cash 500 31 Paid rent by cash 2,000 Paid salaries by cash 3,000 … johnstone burgh fc
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WebSold goods for cash 15,000 : 17 th: Purchased stationery for 1000 from Bharat Stationery Mart : 18 th: Sold goods to Zahir Khan for 10,000 : 19 th: Bought machinery for 6,000 and payment made by cheque : 20 th: Goods returned by Zahir Khan for 2,000 : 21 st: Payment to B.Sen & Co by cheque 5,000 : WebQ1 Show the effect of following transactions on the Accounting equation: (i) Tanya started business with cash `10,00,000 (ii) Purchased goods for cash ` 40,000 ` 60,000 on credit (iii) Withdrew for Private use ` 10,000 (iv) Purchased machinery for cash ` 20,000 - Accountancy - WebFeb 9, 2024 · To cash A/c. 7,600 To Discount Received A/c. 400 (Being Goods purchased and Discount Received) WORKING NOTES : Given, purchased goods worth Rs. 10,000 less 20% trade discount and 5% cash discount. The net Amount will be calculated as under : List price of Goods = 10,000 Trade Discount @ 20% = 2,000 ∴ Net Amount of the bill = 10,000 - … how to go out of full screen on roblox