'Sold goods' diaporamas de présentation

may 1- started business with cash Rs 30,000. bought goods from sharma and company Rs 10,000.

may 1- started business with cash Rs 30,000. bought goods from sharma and company Rs 10,000. sold goods to s. sharma Rs 3,000. cash sales to hari Rs Rs 4,000. opend a current account in bank with Rs 6,000. Received cash from s. sharma Rs 2950 and allowed discount Rs 50. journal he.

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REPORTING AND ANALYZING INVENTORY

REPORTING AND ANALYZING INVENTORY. 6. Financial Accounting, Sixth Edition. Study Objectives. Describe the steps in determining inventory quantities. Explain the basis of accounting for inventories and apply the inventory cost flow methods under a periodic inventory system.

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Ownership and Risk of Loss in Sales

Chapter 13. Ownership and Risk of Loss in Sales. Generally, only the true owner of goods may legally transfer ownership of those goods The buyer of goods receives only the property rights that the seller has in the goods and nothing more Exceptions:

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Pass Journal Entries: Mr. A started business with 50,000$. Bought merchandise for cash 10,000$.

Pass Journal Entries: Mr. A started business with 50,000$. Bought merchandise for cash 10,000$. Sold goods for cash 15,000$. Purchased goods from X on credit for 5,000$. Sold good for cash6,000$. Purchased furniture for office use in cash 4,000$. Paid wages in cash 4,000$.

363 views • 27 slides

Pass Journal Entries: Mr. A started business with 50,000$. Bought merchandise for cash 10,000$.

Pass Journal Entries: Mr. A started business with 50,000$. Bought merchandise for cash 10,000$. Sold goods for cash 15,000$. Purchased goods from X on credit for 5,000$. Sold good for cash6,000$. Purchased furniture for office use in cash 4,000$. Paid wages in cash 4,000$.

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409 views • 19 slides

THE POWER TO TRANSFER OWNERSHIP

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WHAT IS ACCOUNTING

WHAT IS ACCOUNTING. RECORDING CLASSIFYING SUMMARIZING EVALUATING COMMUNICATING. ACCOUNTING EQUATION. The whole of accounting is based on accounting equation. Resources in the business. Resources supplied by the owner. =. The totals of each side will always equal one another.

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The Growth of Cities and Trade

The Growth of Cities and Trade. Section 3 Key Terms. Standard 7.2.5.

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