Question

10:27 AM
E
FINANCIAL ACCO. Q
CHRIST COLLAGE JAGDALPUR
Term Exam 2021
Financial Accounting
B.Com 1st Year Time: 2hrs Marks: 50 Answer Any Three Question
UNIT -I
Agreement of totals of both sides of trail balance is not the/final conclusive proof that accounts are prep
correctly Discuss the statement giving proper reasons.
transactions of MN Vipin Traders are given below
Show the effects on Assets, Libilities and Capital with the help of accounting Equation
Business started with cash. 1. 25,000
(b) Purchased goods for Rs. 50,000
Purchase furniture from RK Furniture Rs. 10.000
Sold goods to Parul Trade Costing 7.000 vide Rs.9.000 bill no 5672
paid cartage R 100
Cash Paid to RK, furniture in full settlement R/9,700
Cash sales cosileg Rs.10, 000) R 12000
Receive Rs 4.000
Case withdrew for personal use X 3.000

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Answer 1

don't know

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