2024 Provided services for rs. 65 000 on credit

Provided services for rs. 65 000 on credit

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Webb24 juni 2024 · Services rendered are the services that a company completes for the client or customer prior to receiving payment for the services. An accountant details the … Webb7 nov. 2024 · Provided services for 65,000 on credit. The account to be debited is ........... class-11 recording-of-transactions Please log in or register to answer this question. 1 …

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Webb21 nov. 2024 · A business can provide services in return for cash. The service is provided to the customer and payment from the customer is immediate using cash. There is no … Webb2 Salaries Questions & Answers. Question 1 Mr. Manoj is employed with XY Ltd. on a basic salary of 10,000 p.He is also entitled to dearness allowance @100% of basic salary, 50% of which is included in salary as per terms of employment. The company gives him house rent allowance of 6,000 p. which was increased to 6,000 p. for an accommodation in jordan maxwell show.com research society

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WebbOnlinelexikon av bab.la - loving languages WebbTRANSACTIONS Performed services for $6,650 on credit. Paid $1,670 in cash for new office chairs. Received $10,900 in cash from credit clients. Paid $850 in cash for … Webba. During January, the company provided services for $42,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c On February 4, the company collected $21,000 of accounts receivable. d. On February 15, the company wrote off a $200 account receivable. e. how to invert a pic on iphone

Prepare accounting equation from the followingi Started business …

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Webb17 sep. 2024 · Provided services of Rs.65,000/- on credit. The account to be debited _____. - Brainly.in 18.09.2024 Accountancy Secondary School answered Provided services of … Webb1 juli 2011 · On July 01, 2011 Ashwani purchased a machine for Rs 2,00,000 on credit. Installation expenses Rs 25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be Rs 20,000 . Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts … jordan mays rowan countyWebbPrepare accounting equation from the followingi Started business with cash Rs. 1,00,000 and machinery Rs. 80,000 .ii Purchased goods for cash Rs. 20,000 and on credit Rs. 30,000 .iii Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a profit of 20 %iv Cash withdrawn for personal use Rs. 10,000 .v Accrud interest Rs. 2,000 .vi … jordan mcadams city of raleigh

"WebbOn 1st April 2014, X Ltd purchased a machinery for Rs.12,00,000. On 1st October 2016 a part of the machinery purchased on 1st April 2014 for Rs. 80,000 was sold for Rs. 45,000 and a new machinery at the cost of Rs. 1,58,000 was purchased and installed on the same date. The company has adopted the method of providing 10 % per annum depreciation … " - Provided services for rs. 65 000 on credit

Provided services for rs. 65 000 on credit

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Webb21 nov. 2024 · The service is provided to the customer and payment from the customer is immediate using cash. There is no credit given to the customer for the provision of the service. Suppose for example, the business provides services to a customer and receives immediate payment for cash for the amount of 500, then the journal entries will be as … Webb1 okt. 2024 · Swedish Consumer Credit. 2024-10-01 Reports Consumer Bank. Even though consumer credit only constitutes a small portion of households’ total credit, the interest …

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Webb6 juni 2015 · Credit: Sales/Revenue -, RS. When the sold items were a merchandise / Goods. Option C as Account Receivable will increase Rs.10000. Choice C, Account receivable account is the correct account to be debited when sales are made on account. if the sold item was a merchandise, then sales account will be credited. Webb11 apr. 2024 · There are plenty of services provided by companies such as financial, management, software, consulting, marketing services, etc. Journal entry – sale of service on credit The respective debtor account is debited while the sales account is credited.

WebbOn January 27, 2024, provides $1,200 in services to a customer who asks to be billed for the services. On January 30, 2024, purchases supplies on account for $500, payment … WebbFinancial Reporting ACCA questions and solution 2002 - 2010

Webb25 feb. 2024 · Provided services for Rs. 65,000 on credit. The account to be debited is ……………… Answer: 1. Rent A/c 2. Debtor’s A/c 3. Cash A/c 4. Machine A/c 5. Creditors A/c … WebbBought furniture for ₹ 60,000 and cheque was issued on the same day. Analysis of transaction: This transaction increases furniture (assets) and decreases bank (assets) …

WebbQuestion: (e) Services for Rs 18,000 were provided to customers who had made full advance payments. (f) The company paid six month’s rent as advance on April 1. (g) ... A. Date General Journal Debit Credit April 30, 2024 $ $ a. Trade Receivables 22,500 ...

WebbThe company sells Product A for Rs 65,000 on credit. The company receives a payment for the Rs 65,000 invoice above in cash. Which account shall be debited? A Debtor`s … jordan may here i am lyricsWebb1 nov. 2012 · A Study on customer perception towards services provided by public sector bank and.pdf. ... the slogan is that credit card services, ... limit can also be extended from Rs.12, 000 which help the . how to invert a pictureWebbQuestion: Record the journal entries for the following: 1 - Business started with cash 8,000 and plant & machinery 3,000. 2 - Stock purchase for sale (cash purchase) = 3,000, credit purchase = 5,000. 3 - Wages paid 120,000 (including 20,000 relating to a future year). 4 - Salaries paid 200,000 but due 110,000. jordan maxwell time to wake upWebb10 apr. 2024 · In simple terms, when an organization (or) customer purchases the goods from the seller (or) supplier and agrees to pay the consideration (value or price) of the goods on some future date then it is called credit purchases. Whenever credit purchase takes place accounts payable account/sundry creditor is created. how to invert a pdf imageWebbCash of Rs. 6,000 is received from the customer who was billed in d. f. Received Rs. 22,300 is cash for transporting goods. g. A payment of Rs. 5,000 was made on the equipment … how to invert a picture in photopeaWebb27 juli 2024 · Credit and Finance for MSMEs: Karnataka led the state-wise assistance under the RMA scheme in FY21 with Rs 26.81 crore provided to SC/ST entrepreneurs followed by Rs 10.90 crore for entrepreneurs ... how to invert a picture in photoshopWebbMr. Sunrise started a business for buying and selling of stationery with ₹ 5,00,000 as an initial investment. Of which he paid ₹ 1,00,000 for furniture, ₹ 2,00,000 for buying … jordan mcbath shooting