Goods purchased from M/s Sumit Traders for 55,000. Analysis of transaction: This transaction increases goods (assets) and increases liabilities (M/s Sumit Traders as creditors) by 55,000

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:

Charles Ltd., made a profit of Rs 1,00,000 after charging depreciation of Rs 20,000 on assets and a transfer to general reserve of Rs 30,000. The goodwill amortised was Rs 7,000 and gain on sale of machinery was Rs 3,000. Other information available to you ( changes in the value of current assets and current liabilities) are trade receivables showed an increase of Rs 3,000, trade payables an increase of Rs 6,000, prepaid expenses an increase of Rs 200, and outstanding expenses a decrease of Rs 2,000. Ascertain cash flow from operating activities.

Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions 1. Commenced business with cash 1,10,000 2. Opened bank account with H.D.F.C. 50,000 3. Purchased furniture 20,000 7. Bought goods for cash from M/s Rupa Traders 30,000 8. Purchased good from M/s Hema Traders 42,000 10. Sold goods for cash 30,000 14. Sold goods on credit to M/s. Gupta Traders 12,000 16. Rent paid 4,000 18. Paid trade expenses 1,000 20. Received cash from Gupta Traders 12,000 22. Goods return to Hema Traders 2,000 23. Cash paid to Hema Traders 40,000 25. Bought postage stamps 100 30. Paid salary to Rishabh 4,000

Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:

Sure Ltd. purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. The assets and liabilities consisted of the following: {:("Plant and Machinery ","Rs. 4,00,000","Stock","Rs. 4,00,000"),("Building","Rs. 4,00,000","Cash","Rs. 3,00,000"),("Sundry Debtors","Rs. 3,00,000","Sundry Creditors","Rs. 2,00,000"),(,,,):} You are required to pass necessary Journal entries in the company's books.

Journalise the following transactions in the books of M/s. R.K. & Co.: (i) Purchased goods of list price of Rs. 20,000 form Vishal at 20% trade discount against cheque payment. (ii) Purchased goods of list price of Rs. 20, 000 from Naman at 15% trade discount against cash. (iii) Purchased goods of list price of Rs. 30,000 from Amrit at 20% trade discount. (iv) Purchased goods of list price of Rs. 40,000 for Rs. 35,000 for cash. (v) Goods returned of list price of Rs. 10,000 purchased from Amrit. (vi) Sold goods to Parul of list price of Rs. 40,000 at 10% trade discount against cheque payment. (vii) Sold goods to Aman of list price of Rs. 30,000 at 10% trade discount against cash. (viii) Sold goods to Pawan of list price of Rs. 20,000 at 10% trade discount. (ix) Sold goods to Yamini of list price of Rs. 25,000 for Rs. 23,000. (x) Sold goods costing Rs. 10,000 at cost plus 20% less 10% trade discount to Bhupesh. (xi) Sold goods purchased at list price of Rs. 50,000 less 15% . trade discount sold at a profit of 25% less 10% trade discount against cheque. (xii) Aman returned goods of list price of Rs. 10,000 sold to him at 10% trade discount.