Podcast
Questions and Answers
What is the total cash deposited into the bank according to the financial record?
What is the total cash deposited into the bank according to the financial record?
- Rs 25,000
- Rs 50,000 (correct)
- Rs 75,000
- Rs 100,000
What is the total cost of purchasing bikes from R.E Motors?
What is the total cost of purchasing bikes from R.E Motors?
- Rs 500,000
- Rs 200,000 (correct)
- Rs 1,000,000
- Rs 2,000,000
Which entity is noted as the purchaser of the bikes in the sale book?
Which entity is noted as the purchaser of the bikes in the sale book?
- R.E Motors
- Haryana
- Factory
- Manoj (correct)
What is the state where the GST on the purchase of bikes is applicable?
What is the state where the GST on the purchase of bikes is applicable?
How much is the total rent categorized in different sections as per the financial document?
How much is the total rent categorized in different sections as per the financial document?
Flashcards
Contra Voucher
Contra Voucher
A financial document recording cash deposited into a bank account.
Journal Voucher
Journal Voucher
A financial document for recording a purchase on credit.
Purchase Book
Purchase Book
Details of goods purchased by a business.
Cost Category
Cost Category
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GST (Haryana)
GST (Haryana)
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Study Notes
Financial Transactions
- Cash deposited into bank: Rs 50,000
- Purchase of bikes from R.E Motors: Rs 200,000 (on credit)
- Purchase details: 10 bikes at Rs 20,000 each
Sales Transactions
- Bikes sold to Manoj: 10 bikes at Rs 250,000 each
Costs
- Rent:
- Office: Rs 4,000
- Factory: Rs 6,000
- Other costs: Cost Category & Cost Center (unspecified details)
GST
- GST on bike purchase: 18%
- State: Haryana
- Additional details: 10 bikes at Rs 200,000 each with GST
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