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?
What is the total cost of purchasing bikes from R.E Motors?
What is the total cost of purchasing bikes from R.E Motors?
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?
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?
Signup and view all the answers
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?
Signup and view all the answers
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
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers the essential aspects of financial transactions, including cash deposits, purchases on credit, and sales transactions. Additionally, it delves into cost management and the application of GST in the context of bike purchases in Haryana. Test your understanding of these fundamental financial concepts.
