Pls answer this Ques 20 17 State any four limitations Of -L
18. Give an example each Of the follcmring types of transactions»
a) Increase in one asset , decrease in another.
b) Decrease in one asset, decrease in liability.
c) Decrease in asset, decrease in owners capital.
d) Increase in asset ,lncrease in liabilities
19. Ram commenced his cloth busin—s on 1st April 2017with a capital Of
(4)
31st March 2018 his assets were and liabilities were 1,00, . Find out his
closing capital and profits euned by him during the year.
20 Journalize the following
a) Goods costing 4000 given as charity
b) Rent due to landlord . 2500.
c) Provide depreciation on plant and machinery( cost . 50, 000).
d) W ithdrawn Goods for personal use (Cost . price . ,OOO)
e)S01d goods ofa list price of , CGST and
SGST each
f) go«xls from Vijay e plus IGST at Discount
and 3% mp$gount , 30% of the due amotiiifwas paid at the time of Purchases.
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