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Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal?
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Emce the following transactions in the Journal of Viswanath for the mo...
**Journal of Viswanath for the month of March, 2021**
**1. March 1: Viswanath commenced**
- No transaction recorded in the journal as this is the start of the accounting period.
**2. March 10: Received interest from Mukund**
- Debit: Cash (Bank) - Amount of interest received
- Credit: Interest Income - Amount of interest received
**3. March 11: Deposited cash into Bank 5,000**
- Debit: Bank - Amount deposited
- Credit: Cash - Amount deposited
**4. March 14: Paid cash to Jai Simha ₹ 2,900 in full settlement of his account**
- Debit: Jai Simha's Account - ₹ 2,900
- Credit: Cash - ₹ 2,900
**5. March 16: Sold goods to Venkat ₹ 30,000**
- Debit: Accounts Receivable (Venkat) - ₹ 30,000
- Credit: Sales - ₹ 30,000
**6. March 2: Bought Machinery**
- Debit: Machinery - Cost of machinery
- Credit: Cash - Payment made for machinery
**7. March 3: Bought goods for cash ₹ 2,500**
- Debit: Purchases - ₹ 2,500
- Credit: Cash - ₹ 2,500
**8. March 6: Bought goods for cash ₹ 2,000 from Madan Lal**
- Debit: Purchases - ₹ 2,000
- Credit: Cash - ₹ 2,000
**9. March 6: Bought goods for cash ₹ 4,000 from Madan Lal**
- Debit: Purchases - ₹ 4,000
- Credit: Cash - ₹ 4,000
**Summary:**
- The journal entries for the month of March, 2021, in the Journal of Viswanath are as follows:
- Received interest from Mukund
- Deposited cash into Bank
- Paid cash to Jai Simha in full settlement of his account
- Sold goods to Venkat
- Bought machinery
- Bought goods for cash from Madan Lal (two separate transactions)
- These transactions are recorded in the journal to maintain a chronological record of all financial activities of the business.
**1. March 1: Viswanath commenced**
- No transaction recorded in the journal as this is the start of the accounting period.
**2. March 10: Received interest from Mukund**
- Debit: Cash (Bank) - Amount of interest received
- Credit: Interest Income - Amount of interest received
**3. March 11: Deposited cash into Bank 5,000**
- Debit: Bank - Amount deposited
- Credit: Cash - Amount deposited
**4. March 14: Paid cash to Jai Simha ₹ 2,900 in full settlement of his account**
- Debit: Jai Simha's Account - ₹ 2,900
- Credit: Cash - ₹ 2,900
**5. March 16: Sold goods to Venkat ₹ 30,000**
- Debit: Accounts Receivable (Venkat) - ₹ 30,000
- Credit: Sales - ₹ 30,000
**6. March 2: Bought Machinery**
- Debit: Machinery - Cost of machinery
- Credit: Cash - Payment made for machinery
**7. March 3: Bought goods for cash ₹ 2,500**
- Debit: Purchases - ₹ 2,500
- Credit: Cash - ₹ 2,500
**8. March 6: Bought goods for cash ₹ 2,000 from Madan Lal**
- Debit: Purchases - ₹ 2,000
- Credit: Cash - ₹ 2,000
**9. March 6: Bought goods for cash ₹ 4,000 from Madan Lal**
- Debit: Purchases - ₹ 4,000
- Credit: Cash - ₹ 4,000
**Summary:**
- The journal entries for the month of March, 2021, in the Journal of Viswanath are as follows:
- Received interest from Mukund
- Deposited cash into Bank
- Paid cash to Jai Simha in full settlement of his account
- Sold goods to Venkat
- Bought machinery
- Bought goods for cash from Madan Lal (two separate transactions)
- These transactions are recorded in the journal to maintain a chronological record of all financial activities of the business.
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Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal?
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Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal?.
Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal?.
Solutions for Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? in English & in Hindi are available as part of our courses for B Com.
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Here you can find the meaning of Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? defined & explained in the simplest way possible. Besides giving the explanation of
Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal?, a detailed solution for Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? has been provided alongside types of Emce the following transactions in the Journal of Viswanath for the month of March, 2021: 2021 Mar 1. Viswanath commenced Mar. 10 Received interest from Mukund 11 Deposited cash into Bank 5,000 Mar. 14 Paid cash to Jai Simha ? 2,900 in full settlement of his account 16 Sold goods to Venkat * 2021 30,000 business with a capital of Mar 2 Bought Machinery 3 Bought goods for cash 2,500 " 2000 6.000 4.000 from Madan Lal? theory, EduRev gives you an
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