WebCA FOUNDATION - ACCOUNTANCY Q.12 On 1/1/2024 Ram drew & Shyam accepted a bill at 3 months for ` 4,000. On 4/1/2024 Ram discounted the bill @ 15% p.a. & remitted ½ proceeds to Shyam. ... On 1/7/2024 Shyam became insolvent & only 50 paise in … WebDec 16, 2024 · The Question No 19 Chapter No-8 Miscellaneous Q19. Journalise the following transaction: (i) Shyam became insolvent. Compensation of 75 Paisa in a rupee was received from his official Receiver. He owed us 10,000 (ii) Received cash from Ramesh whose account was Written off last year as bad debt 5,000 (iii) Rent due to landlord 8,000 …
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Web(ii) Ram sells 200 bales of cloth to Shyam and sends 100 bales by lorry and 100 bales by Railway. Shyam receives delivery of 100 bales sent by lorry, but before he receives the delivery of the bales sent by railway, he becomes bankrupt. Ram being still unpaid, stops the goods in transit. The official receiver, on Shyam’s insolvency WebAug 12, 2024 · Britannia Industries, Sobha, Aurobindo Pharma, Shyam Metalics and Energy, EID Parry (India), V-Mart Retail, 3i Infotech, Balrampur Chini Mills, KRBL, Elgi Equipments, Vijaya Diagnostics Centre, HG Infra Engineering and Wockhardt are among the companies that will announce their September quarter results today.
WebShyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. He owed us . 10,000 ... To Shyam’s A/c . 10,000 (Insolvency of Shyam with 75 paisa in a rupee recoverable) (ii) Cash A/c. Dr. 5,000 . To Bad Debts Recovered A/c . WebFeb 9, 2024 · Ram and Shyam formed partnership at will. Ram gave a notice on January 1, 2013 to dissolve the firm. ... The bill was received from Derek who became insolvent. (b) Bills payable of ₹ 30,000 falling due on 30th April, 2016 were discharged at ₹ 29,550. (c) ...
WebA hot-headed young nun must stop an uprising by a murderous prince prophesied to bring about the destruction of their kingdom. But there’s more to this nun than meets the eye. Philia is a young woman hiding in a child’s body -- but with the power to read minds and see visions. Meanwhile, Prince Leo of Elaion is raising a formidable army to take over his … Web` 6,00, 000 to Kartik. Over a period of time Vijay became insolvent, but his assets are sufficient to pay one-fourth of his debts. Sanjay is compelled to pay the whole. Decide whether Sanjay is required to pay whole amount himself to Kartik in discharging joint promise under the Indian Contract Act, 1872. 4. (i) Define consideration.
WebAn acceptor of one bill of ₹ 2,500 became insolvent and fifty paise in a rupee was recovered. The liability of the firm on account of this bill discounted and dishonoured has not so far been recorded. (b) There was a contingent liability in respect of …
WebNov 14, 2024 · Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of 50,000 (b) Received cash for a bad debt written off last year 25,000 (c) Rent due to landlord 40,000 (d) Depreciation on office furniture 5,000 (e) Salaries due to staff 50,000 (f) Paid Income tax 1,50,000 (g) can forn formentera reservarWebJan 1, 2024 · Answer of On 1st January, 2024, Ram drew and Shyam accepted a bill at three months for Rs.4,000. On 4th January, 2024, Ram discounted the bill with his bank at... can for permission worksheet for kidsWebShyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of Received cash for a bad debt written off last year Rent due to landlord Depreciation on office furniture Salaries due to staff Paid income tax Received commission ₹ 25,000, half of which is in advance ... fitbit heart rate star trac treadmillsWebNov 8, 2024 · Journalise the following transactions: Shyam became insolvent. A first and Final. asked Aug 29, 2024 in Accounts by PujaBharti (55.9k points) journal; class-11; 0 votes. 1 answer. Journalise the following transactions in the books of Manoj Store: (i) Purchased goods from Ramesh Rs. 20,000 less. can forretress evolveWebNov 24, 2024 · The payment of Rs 2,150 is made to Atul and not Shyam. Question 12. Journalise the following transactions of Satish, Noida (UP): CGST and SGST is levied @ 6% each on intra-state sale and ... Rajasthan who owed Mohan Singh ₹ 25,000 became insolvent and received 60 paise in a rupee as full and final settlement. (ii) Mohan Singh … fitbit heart rate monitor pelotonWebAug 12, 2024 · Musical instrument traders banned for 18 years. 9 year bans for two directors whose London store sold musical instruments at a time it was insolvent, and failed to pass sales proceeds on to ... fitbit heart rate watchWebFeb 7, 2024 · Shyam, who owed Rs. 15,000 became insolvent and 50% is received from his estate. April 4: Received Rs. 10,000 in cash from Sohan for bad debts written off last year. Answer 5: About Solution: The transaction entered in a Journal is posted to the various related accounts in the ‘ledger’ (which is explained in another lesson). can for rifle