Scribd Logo
Upload

Welcome to Scribd!

  • Satyam PVT Agency: Fast Track Institute Irgunj Epal

    Uploaded by

    surendrac80
    2 views1 page
    The document summarizes the transactions of Satyam Pvt Agency for the period. It lists 10 transactions including starting capital, bank deposits, salary paid, goods purchased and sold on credit terms, goods returned, commission received, and cash withdrawals. It also lists two laptop purchases from Suren Traders on credit along with their quantities, rates, discounts and taxes. Cash payment of Rs. 250,000 to Suren Traders is also noted. The answers provided are the trial balance amount, gross profit, net profit and balance sheet amount.

    Original Description:

    Original Title

    Practical Test Ltd New Add

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document summarizes the transactions of Satyam Pvt Agency for the period. It lists 10 transactions including starting capital, bank deposits, salary paid, goods purchased and sold on credit terms, goods returned, commission received, and cash withdrawals. It also lists two laptop purchases from Suren Traders on credit along with their quantities, rates, discounts and taxes. Cash payment of Rs. 250,000 to Suren Traders is also noted. The answers provided are the trial balance amount, gross profit, net profit and balance sheet amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views1 page

    Satyam PVT Agency: Fast Track Institute Irgunj Epal

    Uploaded by

    surendrac80
    The document summarizes the transactions of Satyam Pvt Agency for the period. It lists 10 transactions including starting capital, bank deposits, salary paid, goods purchased and sold on credit terms, goods returned, commission received, and cash withdrawals. It also lists two laptop purchases from Suren Traders on credit along with their quantities, rates, discounts and taxes. Cash payment of Rs. 250,000 to Suren Traders is also noted. The answers provided are the trial balance amount, gross profit, net profit and balance sheet amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    FAST TRACK INSTITUTE BIRGUNJ NEPAL

    Prepared By Mr. Surendra Chauhan Sir (+9779804266346)




    Satyam Pvt Agency
    1. Started Business With Cash Rs 5,00,000/-
    2. Deposited Cash In State Bank Of India(Sbi Bank) Rs. 15,000/-
    3. Paid Salary Rs. 5,000/-
    4. Purchase Goods Worth Rs. 45,000/- On Credit From Surya
    Enterprises.
    5. Credit Sales Of Goods Worth Rs. 75,000/- To Naren Company.
    6. Return Goods To Surya Enterprises Rs. 5,000/-
    7. Received Goods Returned By Naren Company Rs. 3,000/-
    8. Received Commission In Cash Rs. 50,000/-
    9. With Drawn From State Bank Of India Rs. 5,000/-
    10. Cash received from Naren company Rs. 50,000/-

    Mr. Satyam Purchase the following items from Suren Traders on
    credit. (7 marks)
    ITEM QTY RATE DIS. % VAT %
    Dell Laptop 5 65000 10% 13%
    Acer Laptop 3 55000 10% 13%

    Cash paid to Mr. Suren Traders of Rs. 250,000/- only. (3 marks)
    Answers:-
    Trial Bal. - 9, 18,330/- Gross Profit: - 32,000/-
    Net Profit: - 77,000/- B\S:- 8,08,000/-
    (3*10=30)

    You might also like