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Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount

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  1. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  2. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  3. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  4. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  5. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  6. Ram’s books showed following balances as on 1/4/8- Cash(2,00,000); Bank Overdraft(10,000), Building(5,00,000).During the month following transactions took place. • Goods sold to Mohan for Rs 2,00,000. Cheque received for 40% amount • Goods purchased list price 1,10,000 at a trade discount of 10% from Shyam. Shyam also gave 2% cash discount on 50% payment made to him through bank draft. • Goods withdrawn for 10,000. Withdrew from bank Rs 50,000; IOD -2%; IOC-Rs 25,000;Dep-10%

  7. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

  8. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

  9. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

  10. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

  11. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

  12. Ramen’s books showed following balances as on 1/4/8-Cash(2,00,000); Bank (Cr.-50,000), P& M (5,00,000).During the month following transactions took place.New P&M bought Rs 1,00,000 • Goods sold to Mohan for a list price Rs 2,00,000. Trading discount 10% Cheque received for 40% amount and offered cash discount of Rs 2,000 • Goods purchased 1,10,000 from Sonu. Sonu also gave 2% cash discount on 50% payment made to him through bank draft. • Goods given as Charity10,000. Withdrew for personal use 70,000; IOD -3%; IOC-5%

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