All categories

3 years ago

Goods sold to Mahesh Rs 20000 journal entries

Business

1 answer:

eimsori [14]3 years ago

8 0

Answer:

see below

Explanation:

This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000. An increase in sales is recorded by crediting the sales account.

The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.

The Journal will be as follows.

Mahesh A/c Dr. Rs. 30,000

Sales A/c Cr. Rs.20,000

You might be interested in

If a stock with a beta of 1.4 is expected to return 18% when Treasury bills yield 6%, what is the expected return on the market

ahrayia [7]

Answer:

14.57%

Explanation:

A stock has a beta of 1.4

The expected return is 18%

The risk free rate is 6%

Therefore, the expected return on the market portfolio can be calculated as follows

18%= 6% + 1.4(market return-6%)

18%= 6% + 1.4market return - 8.4

18%= 6-8.4 + 1.4market return

18%= -2.4% + 1.4market return

18%+2.4%= 1.4market return

20.4= 1.4market return

market return= 20.4/1.4

= 14.57%

Hence the expected return on the market portfolio is 14.57%

4 0

3 years ago

Which situation is better for saving money in a CD (certificate of deposit): the purchasing a car or for use in an emergency? Ex

erica [24]

Answer:

Emergency

Explanation:

Always have extra money for problems that arise.

4 0

3 years ago

Let’s see how fees can hurt your investment strategy. Let’s assume that your mutual fund grows at an average rate of 5% per year

elena-14-01-66 [18.8K]

Answer:

We notice that the more the fees increase for a constant rate of return, the number of years it takes to double on the investment also increases. For example;

a). 15.6 years

b). 20 years

c). 28 years

Explanation:

The rule of 70 is a formula that can be used to estimate the number of years it will take an investment to double up.The formula is expressed as;

Number of years to double=70/Annual rate of return

a). Given;

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=0.5%

Net rate of return=Annual rate of return-Annual fees=(5%-0.5%)=4.5%

Replacing;

Number of years to double=70/Net rate of return

=70/4.5=15.555 to nearest tenth=15.6 years

b). Given;

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=1.5%

Net rate of return=Annual rate of return-Annual fees=(5%-1.5%)=3.5%

Replacing;

Number of years to double=70/Net rate of return

=70/3.5=20.0 to nearest tenth=20 years

c). Given

Annual rate of return per unit of investment=5%

Annual fees per unit of investment=2.5%

Net rate of return=Annual rate of return-Annual fees=(5%-2.5%)=2.5%

Replacing;

Number of years to double=70/Net rate of return

=70/2.5=28.0 to nearest tenth=28 years

We notice that the more the fees increase for a constant rate of return, the number of years it takes to double on the investment also increases

6 0

3 years ago

Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $40,000. Budgeted cash receipts to

Roman55 [17]

Answer:

Cash borrow = $15,500.

Explanation:

Given,

The company budgeted ending cash balance is $61,500.

We know,

Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow

Given,

Budgeted ending cash balance = $61,500.

Budgeted beginning cash balance = $40,000.

Budgeted cash receipts = $121,000

Budgeted cash disbursements = $115,000.

Budgeted cash borrow = ?

Putting the values into the formula, we can get

$61,500 = $40,000 + $121,000 - $115,000 + Cash borrow

Or, $61,500 - ($40,000 + $121,000 - $115,000) = Cash borrow

Or, $61,500 - $40,000 - $121,000 + $115,000 = Cash borrow

Or, $176,500 - $161,000

Or, $15,500 = Cash borrow

Or, Cash borrow = $15,500.

Therefore, cash borrow for March is $15,500.

7 0

3 years ago

A dynamic capability is the Group of answer choices functional and operating resources management process. ongoing capability to

andrezito [222]

Answer:

ongoing capacity to modify existing resources and capabilities to create new ones.

Explanation:

A dynamic capabilities can be simply defined as the ability of an organisation or firm to blend, build and reshape both the internal and external aspect of an organisation so as to get/produce an outcome that is needed by the organisation/firm. it is a series of processes in organisations that brings about a required needed outcome. DC gives organisation an advantages or an edge over others as companies or organisations has restructured/reconfigure their organisation for better performance.

4 0

3 years ago

Goods sold to Mahesh Rs 20000 journal entries​

Goods sold to Mahesh Rs 20000 journal entries