Q18. Enter the following transactions in the cash book of Rao & Sons.: (4)
2010 Particulars
June
1 Started Business with cash Rs. 1,00,000
3 Opened a bank current account with SBI Rs. 60,000
6 Bought goods from Ashok Rs. 15,000
8 Paid Ashok by cheque Rs. 14,700 and received discount Rs. 300
10 Sold goods to Mohan for cash Rs. 10,000 and on credit Rs. 22.000.
12 Received cheque from Mohan 21,400 and allowed discount Rs. 600.
13 Cheque of Mohan deposited into bank
15 Paid electricity charges Rs. 1100 and rent Rs. 2,000.
17 Received a cheque from Total for Rs: 6,800 in full settlement of his account Rs. 7,000
19 Endorsed' the cheque of Gopal in favour of our creditor Amar
23 Withdrew cash from bank for office use Rs. 5,000 and for personal use 3,500
25 Bought a machine from Raman. He was paid by cheque 9.000. 26 Paid Carriage of machine Rs. 300 and
installation Charges Rs. 700
29 Bank allowed interest Rs. 800 and bank charges were Rs. 200.
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Accounting has a function of keeping systematic recordsdiscuss briefly the provisions of income tax in relation to the valuation of rent free accomodationप्रेषण खाते में असामान्य हानि से आप क्या समझते हैंschedule 2 provides forSchedule II of the Companies Act, 2013 provides Useful Lives to Compute Depreciation as against Rates of Depreciation provided hitherto in the Schedule XIV of the Companies Act, 2013.
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