Accountancy, asked by Hitesh2003, 4 months ago

Please answer. Questions for 50 Points.

Enter the following transactions in the proper subsidiary books of Mr. Navin, post them in the ledger accounts and balance the accounts.



April 4 Bought goods from Vijay worth Rs. 2000/- at 5% trade discount


5 Ram sold goods to Navin Rs. 1500/-


6 Returned goods of Rs. 95/- to Vijay


9 Received goods from Vijay in exchange of those returned on 6th



10 Narayan purchased goods from Navin Rs. 500/-



18 Navin received goods returned by Narayan Rs. 50/



22 Paid cash Rs. 900/- and returned goods of Rs. 100/- to Ram


27 Ram informed Navin to transfer Rs. 100/- from his account to Narayan’s a/c.


27 Paid cash Rs. 200/- to Madhav on behalf of Ram according to his instructions


30 Narayan paid office rent of Rs. 150/- and balance due from him in cash.

Answers

Answered by madhurg40
1

Answer:

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Answered by Anonymous
2

Answer:

Mr. Manishis the General Manager of a transport

company drawing a basic salary of Rs. 15,000 per

month. He is also receiving D.A. (60% forming part

of salary) Rs. 10,000 per month and entertainment

allowance of Rs.1,500 per month. He is provided

by the company with a car having engine cubic

capacity of 1.8 litres for is personal and official

use, but running and maintenance expenses for the

same are borne by the assessee himself. He is in

receipt of bonus equivalent to 2 month's basic salary.

He also owns two house properties in Meerut,

the details of which are given below:

House 1 House 2

Nature

Self occupied Let out

Municipal value (Rs.) 45,000 65,000

Annual rent (Rs.)

Nil 78,000

Municipal tax paid (Rs.) 3,000 6,000

Interest on taken for

construction of house (Rs.) 12,500 21,300

During the previous year he contributed Rs.

36,000 to Recognised Provided Fund, Rs. 25,000

as Life Insurance premium and Rs. 4,000 as medi-

claim insurance premium.

Compute the total income of Mr. Manish.

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