Dilip, proprietor of Ultra Sales. Had written off rs 20,000 receivable from Jatin as bad debts, he was unable to pay. In the current year. Dilip received rs 5,000 from Jatin. Pass Journal entry and show how it will be shown in the profit and Loss account.

A Cheque of Rs. 20,000 is received from Gitika and the same is endorsed to Zubeda. How it will be recorded in Cash Book ?

A and B are partners sharing profits and losses in the ratio of 2 : 1. From April 1, 2017, they decided to share the profits in the ratio of 3 : 2. On that date, profit and loss account showed a debit balance of Rs. 60,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.

(Issue of shares at Premium, Fully subscribed, Amount Payable in Instalments). New India Ltd. was registered with a capital of Rs. 1,00,00,000 in equity shares of Rs. 100 each. It issued a prospectus inviting applications for 20,000 shares at 40% premium payable as follows: On Application Rs. 50 (including Rs. 10 premium), On Allotment Rs. 40 (including Rs. 10 premium), On First Call Rs. 30 (including Rs. 10 premium), Applications were received for 20,000. The amount due was received. Pass the necessary Journal entries and also show how 'Share Capital' Will be shown in the Balance Sheet of the Company.

Pass Journal entries to rectify the following errors: (i) A purchases of goods from Ram amounting to Rs. 1,500 has been wrongly passed through the Sales Book. (ii) A credit sale of goods of Rs. 1,200 to Ramesh has been wrongly through the Purchases Book. (iii) An amount of Rs. 2,000 due from Mahesh, which had been written off as Bad Debt in previous year, was unexpectedly recovered and has been posted to the personal account of Mahesh. (iv) A cheque for Rs. 1,000 received from Manmohan was dishonoured and had been posted to the debit of the Sales Return Account. (v) Rs. 5,000 paid on account of salary to the cashier Dhawan stands debited to his Personal Account.