On 31st March , 2014 Balances in the capital Accounts Of Eleen Monu And Ahmad after making adjustments for profits and drawings were Rs. 1,60,000 Rs. 1,20,000 and Rs, 80,000 respectively . Subsequently ,it was Discovered that the interest on capital and drawings had been omitted . (i) Profit for the year ended 31st March ,2014 was Rs. 40,000. (ii) During the year Eleen Monu And Monu Each withdrew a total sum Of Rs . 24,000 in equal instalments in the begining of each month and ahmad withdrew a total sum of Rs. 48,000 in equal instalments at the end months . (iii) the interest on drawings was to be chaged @ 5% p.a and interest on capital was to be allowed @ 10% p.a (iv) THe profit- sharing ratio among the partners was 2:1:1. Showinng your working notes clearly , pass the necessary rectifying entry

Prepare trading Account profit and loss and profit and losss Approprition Account for the year ended 31 st March , 2019 and Balance sheet as at that date after accounting the following adjustments :(i ) stock as at 31 st March , 2019 was Rs. 50.000,(ii) Rent is Rs. 10.000 per month ,(iii) Depreciate Furniture and fixtures and Computers @ 20 % p.a ,Machinery @ 10% p.a and(iv) interest on capitals is allowed @ 6% p.a .

Which of the following account is carried forward to next year? Drawings Sales Interest income Machinery

Q-1: Journalise the following transactions:Jan-1 Ramesh started business with cash Rs. 50,000.Jan-4 Purchased goods for cash Rs. 7,000.Jan-5 Sold goods for cash Rs. 5,000.Jan-7 Purchased goods from Mohan on credit worth Rs. 4,500.Jan-12 Sold goods to Sohan on credit worth Rs. 2,000.Jan-16 Paid wages amounted to Rs. 4,000.Jan-17 Paid salaries to Rs. 2,500Jan-22 Received commission Rs. 2,000.Jan-25 Goods returned by Sohan worth Rs. 1,500.Jan-28 Returned goods to Mohan Rs. 1,000.Jan-30 Cash Received from Sohan Rs. 1,200.Jan-31 Purchased furniture from Deepak worth Rs. 5,000.

If this year's current account balance is–100 billiondollarsand the capital account balance is150 billiondollarsthen the amount of official reserves wil

nu gives Rs. 2,50,000 to Bhim at 12% p.a. compound interest for two years. Bhim gives 80% of the money received from Anu to Chinu at 20% p.a. interest, compounded half yearly for two years. Two years hence when he receives his due amount from Chinu, Bhim gives Anu her due amount. What is the amount (in Rs.) left with Bhim?1)  29,2202)  28,4403)  29,8404)  22,780