Journal entry for goods sold on account rs.8000 ​

Answers

Answer 1
Answer:

The journal entry is accurately recorded to capture the sale of goods to Rajesh, the cash received through the cheque payment, and the remaining accounts receivable balance.

When goods are sold to Rajesh for Rs 8000, the sales revenue increases. On the debit side, Rajesh's account is debited with Rs 8000 as he owes the business. On the credit side, the Sales account is credited to record the revenue generated from the sale.

Since Rajesh paid Rs 5000 immediately by cheque, the Bank account is debited with Rs 5000 as the business receives cash. Simultaneously, the Accounts Receivable account is credited with Rs 3000, representing the remaining amount that Rajesh still owes.

This journal entry correctly represents the sale, the cash received, and the remaining accounts receivable balance resulting from the transaction with Rajesh. This showcases the proper accounting of the transaction within the business's financial records.

Complete Question:Pass journal entry Goods sold to Rajesh for rs 8000. He paid ruppees 5000 by cheque immediately? Explain.

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Answer 2
Answer: Here's a journal entry for the goods sold on account for Rs.8000:

Accounts Receivable (Debit) - Rs.8000
Sales Revenue (Credit) - Rs.8000

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On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone company. the equipment had a retail value of $23,000 on that day. on august 10, carrone company offered to sell the equipment for $14,700, and harvey company agreed to buy it at that price. at what value will harvey company record the equipment on the books?

Answers

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

"Charles sent a letter to a teacher who had requested a tour of his company. In the letter he included the sentence ""Although we would love to have your class visit our company, much of the work area is too dangerous for group tours."" What has Charles done that might lead to legal difficulties?a. By trying to make himself look good, he is guilty of the ""good-guy syndrome.""b. He has used careless language.c. He has used abusive language.d. He has done nothing wrong."

Answers

Answer:

The answer is: B) He has used careless language.

Explanation:

The use of careless language is a major cause of legal problems for individuals and specially businesses.

In this case Charles admitted that some work areas were too dangerous. In case some employee has an accident in the factory, he can use the letter as proof that the working conditions were not appropriate and were dangerous for the workers.

Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers a right to return the product for any reason. Based on past sales, Lavender expects Bed, Bath, and Relax to return 5 jars. What adjusting journal entry, if any, should Lavender record on December 31, 20X5, to reflect Bed, Bath, and Relax's right of return

Answers

Sales Returned and Allowances $50

Allowance for Sales Return and Allowances $50

Lavender expects 5 jars at $10 each ($50 total) to be returned.

Explanation:

Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers a right to return the product for any reason. Based on past sales, Lavender expects Bed, Bath, and Relax to return 5 jars

Using the above stated information we get  the given data :-

Sales Returned and Allowances $50

Allowance for Sales Return and Allowances $50

Lavender expects 5 jars at $10 each ($50 total) to be returned.

The adjusting journal entry on December 31 reflects

  • The right of return by debiting Sales Returns and Allowances (a contra-revenue account) and
  • Crediting Allowance for Sales Returns and Allowances (a contra-asset account to Accounts Receivable).

You are a manager and one of your team member asks why using slide presentations are a good idea. What's the best way to respond?A. Slide presentation use text only, which will help keep your audience focused on the words on the screen.
B. Slide presentations are difficult to use, so you will impress your audience just by using one.
C. Slide presentations are familiar to most audiences, and will help them focus on the content.
D. Slide presentations are not often used in business, so using one will surprise your audience and keep them guessing.

Answers

Answer:

C. Slide presentations are familiar to most audiences, and will help them focus on the content.

Explanation:

Slide shows are tools that allow you to synthesize the subject by points and explain the main idea. This is for the audience to get used to the subject and also for the speaker to remember each item and talk about the content. In addition, it is possible to introduce graphs, tables and images that act as a more didactic way to visualize the subject, which translates into a greater focus. Finally, slides are used in virtually every organization, school, and course, suggesting that people are already used to following this kind of presentation, which makes the talk simpler for you and for them.

Slide presentations are familiar to most audiences, and will help them focus on the content. Tus, the correct option is C.

What is Slide presentation?

A slide presentation is a visual communication tool used to convey information, ideas, or data to an audience. It typically consists of a series of slides containing text, images, charts, graphs, and other visual aids that are presented in a logical sequence.

The purpose of a slide presentation can vary depending on the context. It may be used to inform, persuade, educate, or entertain an audience. Slide presentations are commonly used in business settings for meetings, sales pitches, and training sessions, as well as in academic settings for lectures and presentations.

When creating a slide presentation, it's important to keep the audience in mind and tailor the content and visuals to their needs and interests. The presentation should have a clear structure and flow, with each slide building on the previous one.

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Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. But when querying its marketing information system (MIS), one convenience store discovered that when consumers bought a sandwich, many also purchased toothpaste. This information was obtained from checkout scanner data from its stores nationwide. This convenience store used ________ to extract this hidden information from its MIS to find the statistical link between the two product categories.

Answers

Answer:

data mining

Explanation:

In business, Data mining is the act of obtaining information about customer's behavior that might be use for the company's benefit.

On most cases, Data mining is used to predict the behavior of a certain group of customers. By creating this prediction, the company could create a product or marketing strategy that can efficiently target that group.

in the excerpt above,

The shop obtain the data that a lot of consumers who bought sandwich also bought toothpaste a long with it.

From this data, the shop could make assumption that there is a correlation between the sandwhich and the tooth paste. (Maybe many of sandwhich buyers need the toothpaste to remove the sandwich's smell from their mouth). The shop could use this data and arrange the placement of the toothpaste so it's close to the sandwhich with the hope that it might increase its sales.

Improving the general quality of life

Answers

One of the things that could be done to improve the general quality of life is by taking care of the environment and healthy diet.

Study shows that the main factors that caused early death in the society is the pollutant substance that we inhale everyday and unhealthy foods that we put into our body