PURCHASE RETURN | SALES RETURN | DEPRECIATION

PURCHASE RETURN | SALES RETURN | DEPRECIATION | APPRECIATION

Purchase Return:

These transaction are those transaction in which customer have to return any purchase items or assets to supplier.

Sales Return:

These transaction are those transaction in which the customer have to sales return to supplier.

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Depreciation:

These amount are those amount which have to reduce according to the value of fixed assets.

Appreciation:

These amount are those amount which value have to increase of the fixed assets according to time period. Like: loan and building.

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Accounting Transactions Exercises

Accounting transactions exercises TRANSACTIONS EXERCISES: Ø Ram sold goods to Mohan for cash. Cash a/c Dr. Sale ac Cr. Ø Bought furniture from Ram to cash. By furniture a/c Dr. To cash a/c Cr. Ø Purchase machine to cash from Ram. By machine a/c Dr. To cash a/c Cr. Ø Mohan paid cash for purchase. By purchase a/c Dr. To cash a/c Cr. Ø Cash deposit by Ram in to Bank. By bank a/c Dr. To cash a/c Cr. Ø Withdraw cash from bank for office use. By cash a/c Dr. To bank a/c Cr. Ø Sold furniture by Ram for cash to Mohan. By cash a/c Dr. To furniture a/c Cr. Ø Sold machine on credit to Mohan. By Mohan a/c Dr. To machine a/c Cr. Ø Paid for advertisement. Advertisement a/c Dr. To cash a/c Cr. Ø Receipt cash from Mohan for sale. Cash a/c Dr. Sale a/c Cr. full-width Note: Accounting transactions exercises are most important to understand the subject. More transaction...

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