Which of the following accounts will be credited on giving cash donation?, Cash A/c, Donation A/c, Purchases A/c, Discount received A/c, Sale of goods to Ram for cash is debited to, Ram, Cash A/c, Sales A/c, Stock A/c, Amit purchased 1,000 chips packet @ Rs. 50 each less 20% trade discount and 3% cash discount if payment is made within 30 days. Amit paid Rs. 10,000 within 30 days and balance after 30 days period. Purchases account will be debited and discount received account will be credited respectively with, Rs. 40,000, Nil, Rs. 40,000 , Rs.3,00, Rs. 40,000, Rs.12,00, Rs. 40,000, Rs.9,00, Payment of life insurance premium, Rs. 5,000 will be debited to:, Insurance premium A/c, Drawings A/c, Capital A/c, Profit & Loss A/c, Which of the following is correct entry to record goods Costing Rs. 6000 given as samples (Sales price Rs. 10,000)?, Dr. Profit and loss A/c and Cr. Purchases A/c by Rs. 10,000, r. Profit and loss A/c and Cr. Purchases A/c by Rs. 6,000, Dr. Advertisement expenses A/c and Cr. Purchases A/c by Rs. 6,000, Dr. Advertisement expenses A/c and Cr. Purchases A/c by Rs. 10,000, If the rent of one month is still to be paid the adjustment entry will be:, Debit the outstanding rent A/c and credit Rent A/c, Debit Profit & loss A/c and credit Rent A/c, Debit Rent A/c and Credit Profit and loss A/c, Debit Rent A/c and credit outstanding rent A/c, Assertion(A): Purchase account is credited when the proprietor withdraws goods from the business for his personal use . Reason (R) : Purchases account is credited because as a result of withdrawal of goods, net amount of purchases of business is reduced., Both (A) and (R) are correct and R is correct explanation of A, Both (A) and (R) are correct and R is not correct explanation of A, (A) is correct and (R) is wrong, Both (A) and (R) are wrong, Goods Goods Costing Rs. 30,000 supplied to Mohan at a profit of 25% of sales price less trade discount @ 5% will be credited to sales A/c with:, Rs. 35,625, Rs.34,200, Rs. 38,000, Rs. 37,500, On 1st April,2025, the position of Ram Bros, Delhi was as follows: Cash in hand Rs. 6,000, cash at bank Rs. 25,600 , stock of goods Rs. 9,000, Machinery Rs. 45,000, Furniture Rs.18,000, Seema Rs. 20,500 (debtor), Neeraj Rs. 26,000(debtor), Loan Rs. 50,000, Anish Rs. 6,700 (Creditor). Amount of Capital is :, Rs.1,13,800, Rs. 1,00,100, Rs. 93,000, Rs. 93,400, Purchased goods of Rs. 2,00,000 less 25% trade discount and paid immediately availing cash discount of 2%. Payment was made by Bank draft paying Rs. 200 as bank charges. Amount credited to Bank A/c is, Rs. 1,47,00, Rs. 1,50,000, Rs. 1,47,200, Rs. 1,50,200

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