generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 40poem
Recording of Transactions-II
Chapter 4: Recording of Transactions-II · ACCOUNTANCY · EN medium
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Other entries : In addition to the above mentioned entries in the points number to , recording of the following transaction is done in the At the time of a dishonour of a cheque the entry for cancellation for discount received or discount allowed earlier. (ii) Purchase/sale of items on credit other than goods. (iii) Goods withdrawn by the owner for personal use. (iv) Goods distributed as samples for sales promotion. (v) Endorsement and dishonour of bills of exchange. (vi) Transaction in respect of consignment and joint venture, etc.
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business transactions are first recorded in the→illustrated by an example. Consider the following transactions of M/s Roopa→are credited in the respective ledger accounts because cash has been received→transactions in our example are posted to the related ledger accounts→money. (refer figure 4.3) The depositor writes the name of the party to whom→Though this is rarely done, a cheque can be transferred by the payee (the→
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