Question

In the Financial year 2018-2019, Dinesh earned a totale
19,40,000 was received in cash. The total expenses paid by him were Rs 8,80,000, out of which Rs
40.000 pertains to 2019-2020. The expenses of Rs 60,000 are still outstanding. Deteremine
Dinesh's income for 2018-2019 as per:
i) Cash Basis of Accounting
10) Accrual Basis of Accounting
Prepare Purchase Book of M/s Ramesh & Sons, Jabalpur (M.P.) from the following transactions
2018 Aug. 05. Purchased from M/s Ramakant Indore (M.P.) (Invoice no.6780) 20 Television
@ Rs.15000 each, 05 DVD players @ Rs.10,000 each, trade discount @ 10%
2018 Aug. OZ 02 Television returned to M/s Ramakant, Indore (M.P.) (found defective) Debit
note No.211
2018 Aug. 20 Bought from M/s Samay Electronics, Haryana (invoice No.1011) 10 washing
machines @ Rs.5000 each and 5 Television @ Rs. 25000 each trade discount @ 5%
Rate of GST applicable on the above purchase are
CGST @ 9%, SGST @9% IGST @ 18%
Prepare a bank reconciliation statement of Shri Balram as on 31 March 2019
Overdraft as per pass book Rs 20000
(1) The payment of Cheque for Rs 550 was recorded twice in the pass book.
(2) Withdrawal column of the pass book under cast by Rs 200
(3) Before that date, he had issued cheques amounting to Rs 8,000, of which cheques amountin
to Rs 3,200 have so far been presented for payment.
141 There we credit of Rs 250 for interest on current Account and a Debit of Rs 365 for bank​

Answer 1

Answer:

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