Purchased goods for cash rs 10000 at 5% trade discount

Purchased goods from Manoj of Rs 20,000 at 20% trade discount. Posting will be made in Manoj A/c:

Prepare accounting equation from the following : (a) Started business with cash Rs. 50,000 and goods Rs.30,000. (b) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (c ) Goods costing Rs.40,000 were sold for Rs. 55,000 for cash. (d) Withdrew cash for personal use Rs. 10,000. (e) Rent outstanding Rs.2,000.

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%.

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.

Show the accounting equation on the basis of the following transactions and also show the Balance Sheet : (i) Started business with Cash Rs.60,000 and Goods Rs.30,000. (ii)Purchased goods for Cash Rs.40,000 and on Credit Rs. 25,000. (iii) Goods costing Rs. 48,000 sold at a profit of 33 1/3% . Three -fourth payment received in Cash (iv) Goods costing Rs. 20,000 sold at a loss of 5% , out of which Rs. 12,000 received in Cash. (v) Paid Rent Rs. 4,000 and Salary Rs. 6,000. (vi) Received Cash from Debtors Rs.15,000. (vii) Paid telephone bill amounting to Rs.800.

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.

Prove that the Accoounting Equation is satisfied in all the following transaction of Rajaram. Also prepare a Balance Sheet : - 1. Started business with Cash Rs. 1,20,000. 2. Purchased a typewriter for Cash for Rs.8,000 for office use. 3. Purchased goods for Rs. 50,000 for cash. 4. Purchased goods for Rs.40,000 on credit. 5. Goods costing Rs.60,000 sold for Rs. 80,000 on credit. 6. Paid for Rent Rs. 1,500 and for salarires Rs.2,000. 7. Received Rs.800 for Commission. 8. Withdrew for private use Rs.5,000 in cash.

Sold goods for cash of the list price of Rs 8,000 at 10% trade discount and 3% cash discount. Posting will be made in Discount A/c:

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.