Question

8<br />9<br />What is cash transaction ?<br />Which GSTs are applicable to intra state supply?<br />An amount withdrawn from bank account for personal expense will be<br />dehited to which account?<br />SECTION:C<br />Answer the following questions 10 & 11 ms directed.<br />Each question carries 3 marks.<br />106<br />10<br />11<br />fo<br />12.<br />Explain the following terms:<br />(1) Capital<br />Stock (3) Voucher<br />Describe whether the following transactions are economic or<br />non-economic transactions and clarify the reason for it.<br />Assets sold to Mira on credit for 22,000.<br />(2) * 8,000 paid for wages.<br />An order is received to supply goods of 10,000.<br />SECTION:D<br />Answer the following question no. 12 as directed.<br />Classify the following accounts and give brief explanation:<br />Bank overdraft account<br />(2) Insurance premium account<br />(3) Stationery stock account<br />Commission received account<br />(5) Shares of Tata Company account<br />(6) Purchase retum account<br />Gujarat University account<br />(8) Goods destroyed by fire account<br />SECTION:<br />Answer the following en ny type question no. 13 as directed.<br />deaae6666<br />13. From the following transactions write journal in the books of Pranjal.<br />1 Introduced 10,000 cash and commenced business.<br />2. Goods of 5.000 purchased on cash.<br />3 Goods of 8,000 purchased on credit from Rajan<br />4 Goods of 2000 given for donation<br />5 Shivani has dispatched the goods of 3,000.<br />6 Paid 2500 for life insurance premium.​

Answer 1

Answer:

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