He paid booking advance rs.10 000/-

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WebThe insurance premium is $ 120,000 per year. Please prepare the journal entry for the insurance premium paid. On 01 June 202X, the company makes a payment of $ 120,000 for the insurance service that will cover 12 months (June 202X-May 202X+1). So ABC does not yet consume the insurance service yet, it is the prepaid expense that will be ... WebPlease prepare the journal entry for the insurance premium paid. On 01 June 202X, the company makes a payment of $ 120,000 for the insurance service that will cover 12 …

Insurance Premium Paid Journal Entry Example

Weba) the amount of the loan or deposit or specified advance together with the interest, if any, payable thereon, is Rs. 20,000 or more or b) the aggregate amount of the loans or deposits held by such person on the date of such repayment together with the interest, if any, payable on such loans or deposits, is Rs. 20,000 or more or Web21 feb. 2024 · Legally, the developer cannot deduct any money out of the advance payment you have made for the booking till the time a builder-buyer agreement is made and registered with the sub-registrar. Sample this. A has given Rs 3 lakh as booking amount for a flat worth Rs 1 crore to B. In case A changes his plans and goes for cancellation, B will … bts dark secrets

Prepaid Rent Accounting Entry Double Entry Bookkeeping

Web6 jun. 2013 · He said to give booking cheque of 1 Lack which he will only deposit after obtaining OC and before increasing ... the seller has to pay capital gains tax on Rs.30,00,000/-(if bought in black) instead of on Rs.20,00,000/- (if ... The Rs. 10 L which you paid in cash finds its way from the builder to politicians/ political parties and ... WebDuring 2014-15 he had introduced additional capital of Rs. 12,500 and had withdrew Rs. 7,500 for personal use. On 31 st March 2015 his assets were Rs. 75,000. Find out his capital as on 31 st March,2015 and profit made or loss incurred during the year 2014 – 15. WebLet us understand the treatment of advance under GST using an example: Mr. A entered into a contract of providing services worth Rs 10,00,000 by 20th February. The total invoice value along with GST @ 18% is Rs 11,80,000. He received an advance of Rs 4,00,000 on 10th January and balance payment of Rs 7,80,000 on 20th February. exotic pets burning crusade

Refund of money when a flat booking is cancelled - PropTiger.com

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WebPrepare an Accounting Equation on the basis of the following transactions:i Started business with cash 770,000 .ii Credit purchase of goods र 18,000 .iii Payment made to creditors in full settlement 17, 500 .iv Purchase of machinery for cash र 20,000 .v Depreciation on machinery ≈ 2,000 . http://kashifadeel.com/wp-content/uploads/2024/11/QM-Ch-6.pdf exotic pets for sale in moWeb22 jan. 2016 · a businessman starts his business with Rs 5,00,000 He borrow Rs 10,00,000 @12%p a from the bank He bought a machine Rs 4,00,000 and paid rent Rs 12,000 in adavance for two months He bought goods of Rs 1,80,000 for cash He sold goods for Rs - Accountancy - Cash Flow Statement. exotic pets for sale in idaho

"WebIn accounting, the rent paid in advance is an asset, not an expense, as the amount paid represents the advance payment for the future use of the rental property such as office … " - He paid booking advance rs.10 000/-

He paid booking advance rs.10 000/-

A customer pays the booking advance amount for a new car on …

Web2 mei 2024 · However, where the same supplier has received Rs 15,000/- with the obligation that he will kept this amount as security deposit against the obligation of recipient to receive 1000 cases and pay 100% after completion of supply, then the amount would not be considered as advance. Relevance of concept of “advance receipts” WebThe TDS amount was Rs 20.66 (Long Term Capital Gain for property worth more than 1 Cr). The bank was insisting buyer pay this amount from own pocket. The bank manager was …

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Web6 dec. 2024 · Prepaid rent is an amount for rent which has been paid in advance. A business has an annual office rent of 12,000 and pays the landlord 3 months in advance on the first … WebNon refund of advance by Purvankara. M/s Purvankara held an exhibition in Bangalore in September 2024. M/s Purvankara offer a 18 month interest refund/discount for bookings done during the exhibition. I showed my interest in a particular flat. I was asked to book a flat by paying a booking advance of RS 3,00,000 lakhs which I paid.

Web19 mei 2011 · Fma financial accounting assignments with solutions. 1. Assignment I - Journal Q.1 Journalize the following relating to April 2009: Particulars Rs. 1. R. started business with 1,00,000 2. He purchased furniture for 20,000 3. Paid salary to his clerk 1,000 4. Paid rent 5,000 5. Received interest 2,000 Solution: Debit Amount Credit Date ... WebTheir accounts team would prepare the following calculation and journal entry. 365 days – (January 25 to March 31 = 65 days) = 300 days of insurance cover remaining. The debit of $5,342 creates the insurance paid in advance (or prepaid) account – a current asset in ABC’s balance sheet (statement of financial position).

WebHe paid cash to Mohan Rs 1,000, JOURNAL Date Particulars LE Debit Rs 10.000 Credit Rs 1 Dr. 10.000 5 2 DE 4.000 4,000 6 Cash Account To Capital Account Furniture Account To Cash Account Purchases Account To This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer Web1 aug. 2024 · Kindly note that, you made us an advance payment of Inr 10, 000/- after we raised an invoice to you. Invoice given to you is contract between you and service …

WebInformation about Pass journal entry for the following : (1) Received order for Rs 20,000 from kumar for supply of goods and received Rs 12,000 as an advance together with the order. (2) Goods worth Rs 20,000 supplied to kumar against the order and advance previously received from him. covers all topics & solutions for Class 11 2024 Exam.

Web22 okt. 2024 · Rs. 10,000 Donation VIP Darshan Booking Procedure Online. This VIP Darshan can be booked online at the TTD Seva Online website. And can click on the Srivani Donation in the home page. Once a pilgrims donates the amount the endorsement letter can be taken a printout and can be submitted at the Bank counter in Tirumala before the day … exotic pets for sale in californiaWebShow the accounting equation on the basis of the following transaction: (a) Udit started business with: (i) Cash ₹ 5,00,000 (ii) Goods ₹ 1,00,000 (b) Purchased building for cash ₹ 2,00,000 0 CBSE Commerce (English Medium) Class 11 exotic pets for sale in missouriWeb14 mrt. 2024 · (h) Paid Rs. 4,000 for the month’s utilities. (i) Paid supplier created in transaction c. (j) Purchase new office equipment by paying Rs. 93,000 cash and trading in old equipment with a recorded cost of Rs. 7,000. (k) Completed services of a client for Rs. 26,000. This amount is to be paid within 30 days. bts dating quoraWebLets reverse the situation Say you sign a contract agreeing to work for Rs. 6 LPA on 22 March and get a signing bonus of Rs. 50,000/- and are asked to join on 1st May Then on … bts dark aesthetic picWeb4 sep. 2024 · Advance TDS payment. The law also makes it mandatory for the buyer to deduct 1% tax at source (TDS) on property purchase, from the transaction amount and … btsda software downloadWeb(iv) Commission received in advance Rs 1,000 (v) Amount withdrawn Rs 5,000 Answer 11: The following table is showing the accounting equation. Calculation of Assets and liabilites Points of Knowledge:- · In (iii) accrued interest is an asset for business. Hence, shown on the asset side. PAGE NO 5.19: Question 12: bts data downloadWebBuilder can deduct 10% on advance paid i.e., on Rs.10.00 lakhs and not on total value of flat, and he has to refund the balance 9 lakhs. In case if the builder fails / refuses to refund … bts dark wallpaper for pc