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Due to Current situation Colleges are Opned and then Closed so much confusion out there and the worse thing is Students are forced to take seperate tution classes to clear their doubts because online classes during this pandemic chaos are becoming insufficient to manage individual interest. So inorder to provide little help to students, lecturers and parents I decided to start textbook solution series, in which I am going to solve practical problems and students can practice them by seeing or can compare their own solutions to check its accuracy. As simple as that!
From today onwards I am going to start solving practical problems given in TSBIE Telugu Academi Textbook i.e., TS Intermediate First Year Accountancy. So you must have textbook if you dont have then you can purchase it anytime online from Amazon.in to decrease your screen time copying questions and then solving it.
Textbook Solution Series (TBS Series) for Telangana State Board of Intermediate Education (TSBIE) First Year Accountancy.
Chapter 2.: Recording of Business Transactions
Here, you can only find Problem and its solution there will be no explaination for it because I have already posted a detail lesson explaining it in quiet simple words. If you dont know how to record journal entry then click here to learn 👉How to Record Business Transactions into Journal
Ok Let's get back to TBS series!
Page #61 problem #1.
Mr
Anil started business with cash rupees ₹75,000. On 1st January 2018.
The details of business transactions for the month of January are as follows.
Prepare Journal.
|
2019 Jan 02 05 07 08 09 10 13 15 18 20 22 24 27 30 |
Cash sales Goods purchases
for cash. Good sold on
credit to Rahim. Sales of goods Wages paid. Cash deposited
into bank. Cash paid to
Mahesh. Machinery
purchased for cash. Purchased goods from Anitha. Cash received from Mrs Ramya Paid Commission. Paid for postage and stationery. Cash drawn from bank for personal use. Received rent. |
Amount 10,000 12,000 20,000. 20,000 5,000 8,000 6,000 12,000 5,000 3,000 1,500 500 7,000 1,200 |
Ok that's it in this problem!
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Click here and Check out Problem # 2
If you are TS Intermediate 2nd Year student then go to TSBIE Accountancy II Depreciation problem #1 solved!
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