CHAPTER 9: BOOK OF ORIGINAL ENTRY: SPECIFIC ENTRIES, ASSIGNMENT # 12, ANSWER TO ASSIGNMENT # 11
LEARNING OUTCOMES: Recording of Transactions with Specific Entries: After going through this lesson, you shall be able to understand the concept related to ' Entries for some specific transactions '. Some Specific Entries HELLO BOYS!! KEEP A SMILE ON YOUR FACE. YOU ARE SIMPLY LEARNING THE LANGUAGE OF THE BUSINESS. BUSINESS IS A RICH ENTITY. WHERE ONLY FINANCIAL TRANSACTIONS ARE RECORDED. TASK # 2 TODAY WE WILL FIRST CHECK OUR ANSWERS TO THE ASSIGNMENT # 11 ASSIGNMENT # 11 Following transactions are based on compound entry, opening entry, trade discount and cash discount, as discussed in the previous class. 1.Received ₹1250 from Raman in full settlement of his account for ₹ 1300. 2. Paid ₹ 370 to Ram in full settlement of his account for ₹ 400. 3..Cheque received from Shyam ₹1120 in full settlement of ₹1200. Cheque is deposited on the same date. 4. The following balances existed in the books of Shyam traders ...