All categories

3 years ago

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry

Business

1 answer:

olga nikolaevna [1]3 years ago

3 0

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c Cr. Rs 4500

You might be interested in

It takes Country A two hours to produce a unit of consumer goods and five hours to produce a unit of capital goods. Country B ca

kogti [31]

Answer:

i don't know

Explanation:

5 0

3 years ago

You have been chosen to be a teaching assistant at your school. A student comes to you with questions about storage devices.

dem82 [27]

You tell her that all of the following are true, EXCEPT "the access time of memory is slow compared with that of storage devices".

Explanation:

A computing hardware utilized to indefinitely or temporarily store data, this device may be outer or inner to a computer, server, and other computing systems, hence common as a storage device. The memory is generally read-write random-access memory provided by semiconductors, typically Dynamic RAM or other types of fast yet temporary storage in the contemporary usage. While storage comprises of storage devices and their media that are not directly available via the processor (secondary or tertiary storage), usually hard disk drives, optical disk drives, and other devices that are slower than RAM but non-volatile.

3 0

3 years ago

York’s outstanding stock consists of 85,000 shares of 6.0% preferred stock with a $5 par value and also 150,000 shares of common

Nesterboy [21]

Answer:

year 1

13,900 preferred

year 2

23,500 preferred

year 3

39,100 preferred

240,900 common stock

year 4

preferred 25,500

common stock 404,500

Total:

Preferred 102,000

Common 645,400

Explanation:

85,000 x $5 par x 6% = 25,500 dividen per year

becuase the dividend is cumulative it will accumulate over time.

Also preferred stock has prefecente over common stock.

year 1 13,900 - 25,500 = 11,600 accumulated dividend for preferred stock

year 2 23,500 - 25,500 = 2000 accumulated dividend for preferred stock

year 3 280,000 - 25,500 = 254,500 dividend for previous year preferred stock

254,500 - 2000 - 11,600 = 240,900 dividends for common stock

year 4 430,000 - 25,500 = 404,500 dividends for common stock

year

7 0

3 years ago

An example of technological change is A. a firm rearranging the layout of a retail store to increase sales. B. a firm's workers

pashok25 [27]

Answer:

D. both a and b

Explanation:

There are 3 stages to technological change:

1. Invention - this is when new technology is created or invented.

2. Innovation - this is application of new invention

3. Diffusion - diffusion is when knowledge and use of new technology spreads. Training is one of the ways through diffusion can occur. Therefore , training is an example of technological change.

I hope my answer helps you

4 0

3 years ago

Denmark is a good example of a nation-state because:.

inna [77]

Denmark is a good example of a nation-state because nearly all Danes speak D.anish and live in Denmark.

<h3>What is nation-state?</h3>

Basically, a nation-state refers to sovereignty or state that is ruled in the name of a community of citizens that identify themselves as a nation.

Generally, the main component of a nation-state is presence of only one culture and language.

Therefore, the Option A is correct.

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry​

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry