Recording of Tr...

A cheque of Rs.112 received from a debtor recorded twice in the cash book. When the balance as per Cash  Book is the starting point.

Returns of goods sold for cash Rs. 500 to Ram are recorded in ______.

A cheque of 3500 received from P. K. Jain a customer, endorsed in favour of P. C. Jain, a supplier. It is to be recorded in _________.

Goods costing Rs.10,000 taken by the proprietor for personal use should be credited to _______________.

Goods has been received from the manufacturer for distribution among the customers as free samples. These are recorded in _________________.

A bill receivable of Rs.1,000, which was received from a debtor in full settlement for a claim of Rs.1100, dishonoured. It is to be recorded in _______________.

The X sends goods on approval basis as follows:
The stock of goods sent on approval basis on 31st March will be:

On 31st March goods sold at a sale price of Rs. 60,000 were lying with customer, Mohan to whom these goods were sold on 'sale or return basis' and recorded as actual sates. Since no consent was received from Mohan, the adjustment entry was made presuming goods were sent on approval at a profit of cost plus 20%. In the balance sheet, the stock with customers account will be shown at ____________.

A sent some goods costing Rs. 10,500 at a profit of 25% on sale to B on sale or return basis. B returned goods costing Rs.2,400. At the end of the accounting period, the remaining goods were neither returned nor were approved by him. The stock on approval will be shown in the balance sheet at Rs. ____________.

Under Sales or Return or approval basis when the transactions are large and the seller sends the goods on approval or return basis, the accounting treatment will be -