Question

15.000 from private bank for proprietor to business Bank of India account 30] Salanes paid Rs. 4,000 in cash and Rs 6,000 by cheque 0.24. Journalize the following transactions in the books of Mr. AJAY DEVGAN.Balance on 1" April, 2015 Cash at Bank Rs. 2.10.000, Machinery Rs. 2,00,000; Furniture Rs. 50,000; Computer and Printers Rs. 1,00,000 Sundry Debtors Rs. 50,000; Sundry Creditors Rs. 40,000 Transaction during the month of April, 2015 2015 April 1.] Cheque received from Mahesh Rs. 10,000 and the same is immediately deposited in Bank of Maharashtra 4.) Cheque received from Sujeet Rs. 20,000 6.) The cheque received on 4 April deposited into Bank of Maharashtra 9.] The cheque deposited on 6th April dishonoured. 14.] Cheque received from Monali Rs. 11,000 and the same is endorsed to Anita. 19.) The cheque received on 14" April dishonoured 21.) Bank charges charged by bank Rs. 250 24.) Telephone bill paid by cheque Rs. 1.000 28.] Salary outstanding Rs. 10,000 DUCAT​

Answer 1

Answer:

Correct option is A)

Interest on bank loan = bank loan x rate/100

= 40,000 x 15/100

= Rs 6,000.

Interest debited to P & L A/c will be 6,000 which is Rs 4,500 paid and Rs-1,500 outstanding.

Answer 2

$Interest on bank loan = bank loan x rate/100</em></p><p></p><p><em>[tex]Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100</em></p><p></p><p><em>[tex]Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100                                     = Rs 6,000. </em></p><p></p><p><em>[tex]Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100                                     = Rs 6,000. Interest debited to P & L A/c will be 6,000 which is Rs 4,500 paid and Rs-1,500 outstanding. </em></p><p></p><p><em>[tex]Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100                                     = Rs 6,000. Interest debited to P & L A/c will be 6,000 which is Rs 4,500 paid and Rs-1,500 outstanding.$

Interest on bank loan = bank loan x rate/100

Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100

Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100                                     = Rs 6,000. 

Interest on bank loan = bank loan x rate/100                                     = 40,000 x 15/100                                     = Rs 6,000. Interest debited to P & L A/c will be 6,000 which is Rs 4,500 paid and Rs-1,500 outstanding.