Goods purchased from Sumit Traders for ₹ 55,000 Analysis of transaction : This transaction increases purchases (expenses) and increases liabilities (M/s Sumit Traders as creditors) by ₹ 55,000. Increases in expenses are debited and Increases in liabilities are credited. Journal- …
Bought Plant and Machinery from Ramjee lal for the business for – ₹ 1,25,000 and an advance of ₹ 10,000 in cash is given. Analysis of Transaction :  increases plant and machinery (assets) by ₹ 1,25,000, decreases cash by₹ 10,000 …
Analysis of Transaction : This transaction increases furniture (assets) on one hand and decreases bank (assets) on the other hand by ₹60,000. Increases in assets are debited and Decreases are credited. Journal- Debit to Furniture account and credit to Bank …
Analysis of Transaction: The transaction increases the cash at bank on one hand and decreases cash in hand on the other hand. Increases in assets are debited and a decrease in assets are credited. Journal- Debit to Bank account and …
Rohit started business with cash ₹5,00,000 Analysis of Transaction : The transaction- increases cash on one hand and increases capital on the other hand. Increases in assets are debited and increases in capital are credited. Journal- Debit to Cash and …
Goods costing ₹ 25,000 sold to Rajani Enterprises for ₹ 35,000. Analysis of transaction: This transaction decreases stock of goods (assets) by ₹ 25,000 and increases assets (Rajani Enterprises as debtors ₹ 35,000) and capital (with the profit of ₹ …
Goods purchased from M/s Sumit Traders for ₹55,000. Analysis of transaction: This transaction increases goods (assets) and increases liabilities (M/s Sumit Traders as creditors) by ₹ 55,000.
Bought plant and machinery for the business for ₹1,50,000 and an advance of ₹ 10,000 in cash is paid to M/s Ramesh & Sons. Analysis of transaction: This transaction increases plant and machinery (assets) by ₹ 1,50,000, decreases cash by …
It is executive compensation, where signing a bonus is given to the executive to induce him/her to leave the previous organization in order to take up new employment by way of payment of a large sum of consideration. That is …
It is a Contractual Agreement. Agreement to make sure that a valued staff member stays at its job, by which they are offered special financial advantages if they stay and penalties if they leave. PDF