Accountancy, asked by kanharathi94, 2 months ago

Issues
repare store ledger account by LIFO method from the foll
owing informations :
Receipts
Date
Units
Rate
Date
2016
(Kg.)

2016
Feb. 1
800
5
Feb.5
400
6
Feb. 12
1,600
7
Feb. 18
800
8
Feb. 20
Kg
Feb. 10
40
Feb. 15
80
Feb. 22
Feb. 29
LO
kg pruchased on 10th Feb. were found to be defective and returned to vendor on 14th
re found to be surplus on checking on 29th Feb. due to short weighting of material iss
s.: C/S on Feb. 29 2.3641​

Answers

Answered by jha46494
0

Answer:

16. Record the following transactions in aouble column cash book and balance it

Date

Farticulars

Rs

2021

Feb-01

Bank balance

50000

Casn balance

10000

Feb-02

Paid Insurance premium by cheque

8000

Feb -05

Cash sales

25000

Feb -08

Cash purchases

18000

Feb -10

Cash deposited into the bank

19000

Feb -12

Telephone bill paid by cheque

2500

Feb -15

Withdrawn cash from the bank for personal use 5000

Feb -16

Cash withdrawn from bank for office use

10000

Feb-18

Received cheque from Anand

10500

Feb - 22

Cortage paid in cash

1500

Feb - 28

Cheque received from Kumar

5000

PART-E (Practical Oriented questions

Explanation:

16. Record the following transactions in aouble column cash book and balance it

Date

Farticulars

Rs

2021

Feb-01

Bank balance

50000

Casn balance

10000

Feb-02

Paid Insurance premium by cheque

8000

Feb -05

Cash sales

25000

Feb -08

Cash purchases

18000

Feb -10

Cash deposited into the bank

19000

Feb -12

Telephone bill paid by cheque

2500

Feb -15

Withdrawn cash from the bank for personal use 5000

Feb -16

Cash withdrawn from bank for office use

10000

Feb-18

Received cheque from Anand

10500

Feb - 22

Cortage paid in cash

1500

Feb - 28

Cheque received from Kumar

5000

PART-E (Practical Oriented questions

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