On 1st April2016 , balance of cash column of cash book was Rs10,000 . Afterreceiving Rs. 2,000 f...

On 1st April 2016 , balance of cash column of cash book was Rs 10,000 . After receiving Rs. 2,000 from Anil , giving a cheque of Rs 3,200 to Sunil and making payment of wages Rs 500 , balance of cash will be :

On 1st May 2016 , cash book bank overdraft balance was Rs. 2,000 . On depositing Rs 10,000 into bank and giving a cheque of Rs 7,200 for rent , the balance will be :

On 1st April, 2018 an existing firm had assets of Rs. 2,00,000 including cash of Rs. 4,000. Its creditors amounted to Rs. 10,000 on that date. The partner's capital accounts showed a balance of Rs. 1,60,000 while the general reserve amounted to Rs. 30,000. If the normal rate of return is 15% and the goodwill of the firm is valued at Rs. 36,000 at 3 year's purchase of super profit, find the average profits of the firm.

On 1st April, 2019, the position of Tendulkar was as following: Stock-in-Hand Rs. 2,88,000, Bills Payable Rs. 48,000, Cash at Bank Rs. 2,16,000, Plant and Machinery Rs. 1,20,000, Debtors Rs. 60,000, Creditors Rs. 96,000, Investment Rs. 2,40,000, Loan from Suresh Rs. 1,80,000. What was the amount of Tendulkar's capital on the date? Pass an opening Journal entry.

On 31st March, 2019, the balance as per the Bank Stattment was Rs. 10,000 debit. On the same date, outstanding cheques amounted to Rs. 30,000 and outstandinng deposits amounted to Rs. 50,000. Also there was a dishonourd cheque from a customer of Rs. 5,000 recorded in the Bank Statement but not in the Cash Book. On the basis of the above infromation, determine the balance as per the Cash Book

On 1st April, 2019, an existing firm had assets of Rs. 75,000 including cash of Rs. 5,000. Its creditors amounted to Rs. 5,000 on that date. The firm had a Reserve of Rs. 10,000 while Partners' Capital Accounts showed a balance of Rs. 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued at Rs. 24,000 at four years' purchase of super profit, find average profit per year of the existing firm.

(Calculation of Average Profit). On 1st April, 2018, a firm had assets of Rs. 3,00,000 including cash of Rs. 5,000. The Partners' Capital Accounts showed a balance of Rs. 2,00,000 and the Reserve constituted the rest. If the normal rate Of return is 10% and the goodwill of the firm is valued at Rs. 2,00,000 at four years' purchase fo super profit, find the average profit of the firm.

On 1st April, 2019 the position of Bhargav Bros., Delhi was as follows: Cash in Hand Rs. 6,000, Cash at Bank Rs. 25,600, Stock of Goods Rs. 9,000, Mechibert Rs. 45,000, Furniture Rs. 18,000, Abdul Rs. 20,000(Debtor), Neeraj Rs. 26,000(Debtor), Loan Rs. 50,000, Amit Rs. 6,700 (Creditor). Pass the Opening Journal entry.

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%.