Question
State characteristics of Deshi Nama System.
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| $2015$ | ||
| April | $1$ | Opening cash balance $Rs. 5,500.$ |
| $3$ | Goods of $Rs. 4,000$ sold at $10 \%$ cash discount. | |
| $4$ | Goods of $Rs. 3,000$ sold at $10 \%$ trade discount. | |
| $5$ | Cash of $Rs. 2,000$ paid to Arth in full settlement of his account of $Rs. 2,030.$ | |
| $10$ | Goods of $Rs. 4,000$ purchased at $5\%$ cash discount. | |
| $13$ | Salary of $Rs. 1,000$ and wages of $Rs. 600 $ are paid by cash. | |
| $15$ | Commission of $Rs. 100$ and brokerage of $Rs. 900$ received. | |
| $17$ | Cash of $Rs. 1,400$ paid to Krishna in full settlement of account of $Rs. 1,420.$ | |
| $18$ | Goods of $Rs. 5,000$ sold at $10\%$ trade discount and $5\%$ cash discount. | |
| $19$ | A machine of $Rs. 6,000$ purchased from Ramesh for which $Rs. 2,000$ paid by cash.and it is decided that the remaining amount will be paid after one month. | |
| $23$ | As more funds are required in the business. household furniture of $Rs. 3,000$ issold for $Rs. 3,500$ and out of this $Rs. 2,500$ are brought in the business. | |
| $27$ | $Rs. 225$ paid to VepariMahamandal towards annual fees. | |
| $29$ | Godown rent $Rs. 600$ paid by cash and carriage of $Rs. 300$ paid to Shambhu in cash. | |
| $2015$ | ||
| April | $1$ | Purchased from Shri Ram Furniture Mart, $10$ pieces table at $Rs. 1000$ per piece, $15$ pieces chairs at $Rs.$ $600$ per piece and $5$ pieces cupboard at $Rs. 3000$ per piece. Credit period - $1$ month and invoice No. $99$. |
| $5$ | Purchased from Shree Krishna Furniture Mart $10$ pieces table at $Rs. 1200$ per piece and $12$ pieces cupboard at $Rs. 2500$ per piece at $10 \%$ trade discount. Invoice no. $126$ received. Half of the amount is paid immediately by cash. |
|
| $10$ | A cycle purchased from Shivam Cycle Stores at $Rs. 3500.$ | |
| $20$ | Purchased chairs of $Rs. 10,000$ at $10\%$ trade discount and $5 \%$ cash discount from Rahim Furniture and amount is paid immediately. |
|
| $25$ | An order placed with Shree Ambey Furniture Trading Co., $20$ pieces table at $Rs. 900$ per piece and $5$ pieces chairs at $Rs. 700$ per piece | |
| $30$ | Purchased from Maheshbhai $5$ pieces table at $Rs. 1200$ per piece, $20$ pieces chairs at $Rs. 600$ per piece and $8$ cupboards at $Rs. 2500$ per piece at $10 \%$ trade discount Bill no. $500.$ | |
| Name of A/c | Amt.(Rs.) | Name of A/c | Amt.(Rs.) |
| Owner's capital | $48,000$ | Drawings | $2000$ |
| Bank balance | $14,000$ | Cash balance | $4800$ |
| Travelling expenses | $480$ | $800$ | |
| Debtors | $14,040$ | Interest received | $200$ |
| Rent | $600$ | Sales returns account | $2200$ |
| Purchase returns account | $1400$ | Sales | $36,800$ |
| Purchase | $28,000$ | Provident fund contribution | $320$ |
| Provident fund | $1000$ | Loan borrowed | $9200$ |
| Machines | $7200$ | Stock of goods | $34,000$ |
| Creditors | $8640$ | Advertisement expenses | $480$ |
| Stationery expenses | $400$ | Furniture | $9800$ |
| Discount received | $280$ | Discount allowed | $400$ |
| Bills payable | $3000$ | Bills receivable | $6000$ |
| Commission received | $4000$ | Bad debts | $1000$ |
| Loan from friend | $6000$ | Expenses outstanding | $8000$ |
| Name of A/c | Amt.(Rs.) | Name of A/c | Amt.(Rs.) |
| Opening stock | $6,000$ | Capital | $61,000$ |
| Sales | $86,000$ | Discount allowed | $1,500$ |
| Sales return | $4,000$ | Commission received | $1,700$ |
| Wages- Salary | $31,000$ | Fixed assets | $61,000$ |
| Bills receivable | $8,000$ | Purchase | $46,000$ |
| Debtors | $10,000$ | Purchase return | $3,000$ |
| Rent | $4,000$ | Carriage inward | $1,600$ |
| Cash | $1,800$ | Carriage outward | $1,700$ |
| Creditors | $7,900$ | Bills payable | $13,000$ |
| Closing stock | $34,800$ | Interest paid | $3,000$ |
| $1,93,500$ | $1,93,500$ |
| $1$ | Goods of $₹ 10,000$ purchased from Mahesh on one month credit. |
| $2$ | Goods of $₹ 15,000$ purchased from Hasmukhbhai at $10 \%$ trade discount. Invoice no. $15$ . |
| $6$ | Goods of $₹ 8000$ purchaed from Manish for cash. |
| $14$ | Place an order with Navin for supply goods of $₹ 10,000$ at $20 \%$ trade discount. |
| $18$ | Furniture of $₹ 6000$ purchased from Shreeji Furniture Mart on one month credit. |
| $20$ | Navin supplied goods as per order and sent his invoice no. $314$ after adding railway freight of $₹ 1200 .$ |
| $23$ | Goods of $₹ 4000$ purchased at $5 \%$ cash discount. |
| $25$ | Goods of $₹ 16,000$ purchased from Babulal at $10 \%$ trade discount and paid half of the amount immediately by cheque. |
| $28$ | Goods of $₹ 6000$ purchased from Lalit at $10 \%$ trade discount and $5 \%$ cash discount. Amount of bill paid immediately. |
| $30$ | Goods of $₹ 3000$ purchased from Rajesh. Bill No. $101$. |