1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leokris [45]
2 years ago
15

Goods sold to Mahesh Rs 20000 journal entries​

Business
1 answer:
eimsori [14]2 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
A car rental agency rents 200 cars per day at a rate of 29 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe
Irina-Kira [14]

Answer and Explanation:

Given:

Total car = 200

Rate = $29

Computation:

Total increase in rate = a

So , Total decrees in car = 5a

Total income (y) = [200-5a][29+a]

y = 5,800 + 200a - 145a - 5a²

y = 5,800 + 55a - 5a²

y' = dy / da [5,800 + 55a - 5a²]

y' = -10a + 55

in which , y' = 0

0 = -10a + 55

a = 5.5

So , Maximum rate = $ [29+5.5]

Maximum rate = $34.5

maximum income = 5,800 + 55(5.5)- 5(5.5)²

maximum income = 5,800 + 302.5 - 151.25

maximum income = $5951.25

3 0
2 years ago
A key characteristic of pandemic influenzas is that they:
d1i1m1o1n [39]

Answer:

The correct option is D

Explanation:

A key characteristic of pandemic influenzas is that they have the ability to mutate rapidly. When the immunity of human increases the pandemic virus changes.

8 0
3 years ago
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion c
aliya0001 [1]

Answer:

D. 13,000.

Explanation:

The computation of the equivalent units of direct materials for April month is given below

= Number of units completed + ending units remained in production × completion percentage

= 9,000 units + 4,000 units × 100%

= 9,000 units + 4,000 units

= 13,000 units  

All the other information that is mentioned is not relevant. Hence ignored it

5 0
3 years ago
starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5
mamaluj [8]

Answer:

The final amount in Cash is $9,034

Explanation:

1.

As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.

2.

As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.

3.

As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.

Cash balance = $9,000 + $10 - $16 + $40 = $9,034

The working is attached with this answer please find it.

3 0
3 years ago
Mark is unhappy with his new job as a first line supervisor at a call center. Mark finds the job boring and longs for the end of
butalik [34]

Answer:

v

Explanation:

'gfffffffffffffffffffffffffffffffffffffffffffffffff

3 0
2 years ago
Other questions:
  • A loan that is less risky for a lender and is associated with a valuable asset is called a(n) . Rayna needs to get a new set of
    13·2 answers
  • Which of these statements is true of the hiring process
    13·2 answers
  • A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense:
    12·1 answer
  • Two mutually exclusive investment opportunities require an initial investment of $7 million. Investment A pays $1.5 million per
    5·1 answer
  • What is a commodity?
    9·1 answer
  • My job is to take pictures for _____ use by advertising agencies.
    15·2 answers
  • Emily wants to search online for entrepreneurship opportunities in the field of business development. However, she wants to skip
    14·1 answer
  • Which transaction would cause one asset to increase and another asset to decrease?
    5·1 answer
  • "Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en
    8·1 answer
  • Identify five typical users of accounting information​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!