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Accounting Transactions Exercises TRANSACTIONS EXERCISES: Loan from Bank $12000.                    Loan a/c Dr. - $12000                    To Bank a/c Cr. - $12000 Amount of $35000 received for conducting seminar.                    Cash a/c Dr. - $35000                    To Seminar a/c Cr. - $35000 Received for doing DTP work $250.                    Cash a/c Dr. - $250                    To DTP work a/c Cr. - $250 Paid for convenience charge $150.                    Convenience a/c Dr. - $150                    To Cash a/c Cr. - $150 Amount paid for ...

LIABILITY: These liability are those liability which have to pay by the proprietor for long time or sort time. Liability are two type: Current Liability These liability are those liability which have to pay by the proprietor for soft term to own business out sides investors, shares holders, soft term loan or creditors, etc. Fixed Liability These liability are those liability which have to pay by the proprietor for long term to own business, partners, debenture or  long term loan. EXPENSE: These expenses are those expenses which have to spend by the proprietor for business activities. These are two type: Direct expenses: These expenses are those expenses which have to spend by the proprietor directly. For examples: Carriage - in & out word Fright Transport Tax Fuel Wages Posts and stamp Rent, etc. Indirect expenses These expenses are those expenses which have to spend by the proprietor indirectly for business purpose. For examples: full-width Advertisement Books & Stati...

INCOME These income are those income which have to receive for selling goods and services. Type of income: Direct Income These income are those income which have to receive to supplier for direct selling to cash. For example Sales for cash Assets for cash Service for cash, etc. Indirect Income These income are those income which have to receive indirectly. For example Discount receive Interest receive Commission Bonus Gift, etc. full-width Creditor: A person who takes the cash and gives the goods. Debtor: A person who gives the cash and receive the goods.

Purchase: These purchase are those purchase in which customers have to purchase any assets or items from the supplier or creditor. Type of purchase: Cash for purchase These purchase are those purchase in which the customer have to purchase any item for cash from supplier. On credit purchase These purchase are those purchase in which the customer have to purchase any item on credit from supplier. full-width Sales: These transaction are those transaction in which the supplier have to sale any items or assets to customers. Sales are two type: Cash These sales transaction are those transaction in which the supplier have to the sales any items or assets to customer for cash. On Credit These sales are those sales in which the supplier have to sale any items or assets on credit to customer.

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. full-width 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.  

Loan: These liability are those liability in which the proprietor have to pay the loan to bank for long term or short term. Type of loan: Long term loan These loan are those loan which have to pay by the proprietor for long term business use to bank. These are two type: Secured loan: These loan are those loan in which the bank have to take security or guaranty from the customer. Unsecured loan: These loan are those loan in which the bank don't have to take any security or guaranty from the customer.  Short term loan These loan are those loan in which proprietor have to pay the loan to band for short term.

Bad Debts: These amounts are those amount which have to never receipt from the creditor companies. Bad Debts Recover: These amounts are those amount which have to receipt few percent of the total amount from the creditor companies. Bankrupt: A person or a company who has to lost an image or value from the market. full-width Petty Cash: It is used to maintain all expenses & all miscellaneous expenses.

Classification of accounts ACCOUNTS It is a way or method to maintain the all business daily transactions as a record for maintaining its all balance in which include company expanses and income, profit and loss, purchase and sales, etc. That is knows as account. Types of accounts: Personal Account: These account are those account in which the transaction shall be maintained in between two person to company, one person one bank or one company one company. Rules: Cr. - Credit Account Dr. - Debit Account. Debit the receiver always Dr. Credit the given always Cr. Examples: Ram sold goods to Mohan. Mohan a/c Dr. Ram a/c Cr. Mohan purchase goods from Ram. Mohan a/c Dr. Ram a/c Cr. Mohan purchase furniture from Ram. Mohan a/c Dr. Ram a/c Cr. Mohan sold goods to Mohan. Mohan a/c Dr. Ram a/c Cr. full-width Impersonal Account: These are two type: Real account Nominal account Real account: These account are those account which have to maintain as the transaction in which we can know tha...

Accounting Transactions Exercises TRANSACTIONS EXERCISES:           Transactions Question: David started business with cash. William purchased furniture from David to cash. William paid for furniture to David. David sold the machine to William for cash. David received cash for sale. William bought goods from David on credit. Sold furniture to William by David on credit. Cash deposit into Bank by David. Withdraw cash from debit by William. Withdraw cash from the Bank for personal uses. Spent cash by David for office use. William purchased fixed assets for business use to cash. Paid to business promotion. Paid interest. Received rent as a cash. Paid cash for furniture. Paid wages. Paid advertisement. Received deduction as a Tax.  Paid cash for purchase. Transactions Answers: Cash a/c Dr. to Capital a/c Cr. Furniture a/c Dr. to Cash a/c Cr. Furniture a/c Dr. to Cash a/c Cr. Machine a/c Dr. to Cash a/c Cr. Cash a/c Dr. to Sales a/c Cr. Purchase a/c Dr. to ...

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...

Gain weight How to gain weight Follow these tips to increase weight, Possible to increase 4 kg within a month: Take high calorie foods in the diet Take high calorie foods in the diet O ne of the most important things to keep in mind is that you should consume high calorie foods. Eating high calorie foods means that you will have to consume more calories here than you consume in calories. This helps to gain weight quickly. Speaking of high calorie foods, it includes granola, meats, tofu, fish, avocado, milk, beans, and sweet potatoes. Eat less fried food Eat less fried food T he most important thing to keep in mind when gaining weight is to keep in mind that you don't have to eat more fatty foods. During the calorie dense foods you eat to gain weight, eating any food made with more oil can also affect your digestive system. This will spoil the diet routine that is taken during your physical condition and you may also face difficulties in gaining weight. Therefore, try not to consume...

Nominal Accounts: These accounts are those accounts in which transactions will be maintained as income/ expense or profit/ loss between supplier and Customer. Rule or Formulas All expenses and losses always Dr. side. All income and gains always Cr. side. Discount allowance(DA) always Dr. side. Discount received(DR) always Cr. Side. Transactions: Purchase goods by David from William to cash $1200 and discount received $300. Purchase a/c - Dr. $1500 to DR - Cr. $300 to Cash - Cr. $1200 Purchase furniture from David to cash $750 and discount received $250.           Purchase a/c - Dr. $100              to DR - Cr. $250           to Cash - Cr. $750 Sold goods to William for cash $2000 and discounts allow $1200.           Cash a/c - Dr. $2000           DA a/c - Dr...