On 1st April 2017, sold goods for cash Rs. 20,000. Pass Journal entry and post it into Ledger.

On 1st April 2019 , Ram sold goods to Mohan for ₹ 50,000 . On the same date, Mohan accepted a bill drawn upon him by Ram at 3 months for ₹ 50,000. on the due date, the bill was met. Give the journal entries in the books of both the parties (Ignore GST).

ABC Ltd. Issued 2,000, 10% Debentures of Rs. 1,000 each at par on 1st April, 2016 redeemable in equal annual drawings by draw of lots in 2 years on 31st March, 2018 and 31st March, 2019. The company decided to transfer to Debentures Redemptions Reserve amount as prescibed in law on 31st March, 2017. Investment was made in specified securities on 1st April, 2017 and 2018 respectively. Pass Journal entries for DRR and redemption of debentures assuming the investment was realised each time the debentures were redeemed. (Ignore Interest)

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

Put the following on the proper side of Cash account, Debtor's account and Creditor's account : (a) Sold goods for cash Rs. 60,000. (b) Sold goods to Hari on credit Rs. 20,000. (c ) Purchased goods from Krishan on credit Rs. 36,000. (d) Purchased goods from Krishan for cash Rs. 10,000. (e) Cash received from Hari Rs.15,000. (f) Cash paid to Krishan Rs. 28,000.

From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash Rs.2,00,000. 2. Purchased goods for Cash Rs. 60,000. 3. Sold goods for cash Rs.75,000. 4. Purchased goods from Nakul on Credit for Rs. 80,000. 5. Sold goods to Bhushan on Credit fro Rs. 50,000. 6. Paid Cash to Nakul Rs. 20,000. 7. Received Cash from Bhushan Rs. 10,000. 8. Paid salary Rs. 20,000.

A Van was purchased on 1st April, 2016 for Rs 60,000 and Rs 5,000 was spent on its repair and registration. On 1st October, 2017 another van was purchased for Rs 70,000. On 1st April, 2018, the first van purchased on 1st April, 2016 was sold for Rs 45,000 and a new van costing Rs 1,70,000 was purchased on the same date. Show the Van Account from 2016-17 to 2018-19 on the basis of Straight Line Method, if the rate of Depreciation charged is 10% p.a. Assume that books are closed on 31st March every year.

From the following transactions, state the nature of accounts and state which account will be debited and which account will be credited : 1. Sahdev started business with cash Rs. 5,00,000. 2. Purchased goods for cash Rs. 20,000. 3. Purchased goods from Raghubir on credit for Rs.25,000. 4. Purchased furniture from Fancy Furniture House for Rs.1,50,000 on credit. 5. Sold goods for cash R. 30,000. 6. Sold goods to Yuvraj on credit for Rs. 50,000. 7. Cash paid to Raghubir Rs. 20,000. 8. Cash received from Yuvraj Rs. 15,000. 9. Paid rent Rs. 10,000.

On 1st April, 2015, A Ltd. Purchased a machine for Rs 2,40,000 and spent Rs 10,000 on its erection. On 1st October, 2015, an additional machinery costing Rs 1,00,000 was purchased. On 1st October, 2017, the machine purchased on 1st April, 2015was sold for Rs 1,43,000 and on the same date, a new machine was purchased at a cost of Rs 2,00,000. Show the Machinery Account for the first four financial years after charging Depreciation at 5% p.a. by the Straight Line Method.

Godrej Ltd. has 20,000, 7% Debentures of Rs. 100 each due for redemption on 31 st August, 2018. There is a balance of Rs. 3,50,000 in Debentures Redemption Reserve Account as on 31st March, 2016. Investment, as required by the Companies Act, 2013 is made on 1st April, 2017 in fixed deposit bearing interest pass Journal entries for redemption of debentures.