Question
Compare and contrast the features of RTGS and NEFT.
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| Debit(₹) | Credit(₹) | |
| Opening Stock | 19,000 | |
| Salaries | 10,500 | |
| Wages | 8,000 | |
| Railway Freight - Purchases & Imports | 2,500 | |
| General Office Expenses | 13,000 | |
| Annual Insurance | 2,000 | |
| Plant and Machinery | 50,000 | |
| Purchases and Sales | 1,20,000 | 2,53,000 |
| Rent | 7,500 | |
| Bad Debts and its Recoveries | 300 | 1,000 |
| Buildings and Sheds | 60,000 | |
| Bills Receivable and Payable | 12,200 | 4,000 |
| 10% Bank of Progress Loan | 50,000 | |
| Travel Costs | 15,000 | |
| Returns and Price Adjustments | 3,000 | 1,500 |
| Legal and Other Consultancy Fees | 10,000 | |
| Repairs | 8,600 | |
| Bank Account | 10,000 | |
| Capital and Drawings | 4,500 | 65,000 |
| Interest | 6,000 | |
| Debtors and Creditors | 35,000 | 22,600 |
| 3,97,100 | 3,97,100 |
| TRIAL BALANCE | |||
| Dr.(₹) | Cr.(₹) | ||
| Building | Capital Account | 25,000 | |
| Depreciation on above | Provision for Depreciation on Machinery on (1/1/2018) | 800 | |
| Machinery | Creditors | 12,000 | |
| Furniture | Bank Loan | 6,000 | |
| Drawings | Sales | 53,000 | |
| Debtors | Outstanding Carriage Inward | 200 | |
| Cash | |||
| Opening Stock | |||
| Purchase | |||
| Wages | |||
| Carriage Inwards | |||
| Salary | |||
| Prepaid Salary | |||
| Advertisement | |||
| Insurance | |||
| Packing Materials | |||
| 97,000 | 97,000 | ||