Question

Payment made to Silky brothers Rs. 10,000

27 Aug 2021
Answer :
Word Count : 544

In financial accounting, payments made to suppliers or creditors are recorded as part of a company's cash outflows. The payment to Silky Brothers of Rs. 10,000 would be recorded in the accounting books as a reduction in cash or bank balance and an expense or liability, depending on the context of the payment.

If the payment is made for goods or services received from Silky Brothers, it would be recorded against the appropriate expense account, reflecting the nature of the transaction. For example, if Silky Brothers supplied inventory or materials, the payment would be recorded against the "Inventory" or "Purchases" account, reducing the payable balance.

Alternatively, if the _____ ______ ______ __________ ______ ______ __________ ________ ___ ____ _____ _________.
_____ _________ ______ _______ ______ __________.
______ ______ _____ ____ _______ _________ ______ ___ ___.
_________ ______ __________ ___ _______.
______ ______ _______ ____ _______ __________ ______ __________ _____.
________ __________ _______ __________ _______ _____.
_______ ____ _________ _________ ________ ___ _______.
_________ __________ _________ __________ __________ ________ __________ ______ ____ _______.
_____ ________ __________ __________ __________ _____ _____ _____ _________ _____ ____.
_____ __________ ___ ______ ____ ________ ____ _____ ___.
_______ ___ _________ _______ _____ ________ ____.
_____ ___ ________ __________ ____ ___ ____ _________.
____ ________ _____ ______ ________ __________ ____ _________ ____ ____ _____ ______.
________ ________ _____ ______ __________ __________.
___ ________ ____ _______ ________ ______ _________ ______.
________ _______ _____ ________ _______.
____ ________ _______ _____ _______ ____ ____ _______ ___ _______ ___ ______.
__________ ________ ______ __________ _________ _____.
________ ___ ____ _____ ___ ________ _______ ______ __________.
______ __________ _________ __________ ___ ______ ________ ______ ___ _______ ______ ________.
_____ __________ ________ ________ ____ ____ _________ ____.
__________ _______ ________ ______ ________ _____ ____ _____ _________ _______ ___.
___ __________ _____ __________ _________ _________.
___ ___ ___ __________ _____ ________ _____ _____ _______.
________ ____ _____ __________ _________ __________ _______ ________ ____ ________.
_________ _______ ___ __________ __________ ______ ______ _______ _______ ___ ________.
______ ___ ____ ______ ___ ______ ____ _________ _______ _____ _________ _______.
__________ ______ ________ _______ ___.
______ _______ ____ ___ ____.
________ ______ _________ _____ __________ ___ ____.
______ _______ _________ ________ ___ ___ ____ ___.
_________ _____ ____ _______ _____ _____ ______ _________ _____ _____.
_____ ________ ______ ____ _____.
___ __________ ___ _______ ______ ______ __________ _________ __________ ______ __________.
___ ____ ____ ___ _______ _______ _______ ________ ______.
________ ____ _______ _________ ________.
____ ______ ______ _____ ____ ___ _________ ________.
__________ _____ ___ ____ _____ _______ ______.
___ _______ ___ _______ _________ _________ _____ ___.
_________ ________ ______ _________ ________ ________ ______ ___.
_____ ______ __________ _______ __________ ___ _____.
_______ ______ ___ ______ _____ ________ __________ _______.
______ _____ ______ _________ _________ _____ __________ ________ _________.
____ _________ ___ __________ _______.
_______ ____ _______ _____ ___ _____.
_____ ______ ________ __________ ____ ____ ____.
_____ __________ _______ ___ ________ ______ ________ ___ _________.
___ _________ _________ _____ __________ ________.
___ _______ __________ _________ ____ ___ ______ ________ _____ ___ ________ __________.
______ _____ ________ ________ ________ _________ __________ ____ ___.
__________ _____ _____ _____ ________ _____ __________ ________ ______ ______ ______ ____.
____ _______ ___ ______ ____ _______ ___.
_________ ______ ______ ______ ____ _____ _________.
Get Full Answer on WhatsApp

Related Questions

Amount payable to Subhash for repairs done to Radio Rs. 180 and a new Radio supplied for Rs. 1920 were entered in the Purchase book as Rs. 2000.

State the essentials features of a joint Venture

International Financial Reporting Standards (IFRS)

Briefly explain the benefits of Accounting Standards

Define Computerized Accounting and distinguish between manual and computerized accounting system.

Oswal Mills Barnala consigned 5000 kg of vanaspati ghee to Rajendra Dealers of Panipat. Each kg. Ghee costs Rs. 8. Oswal Mills paid Rs. 50 for carriage, Rs. 250 for freight and Rs. 200 for insurance in transit. During transit 500 kg. Ghee was accidentally destroyed for which insurance company paid directly to the consignor Rs. 2500 in full settlement of the claim. After 3 month from the date of consignment of goods to Panipat, Rajendra Dealers reported that 1500 kg. Ghee was sold at Rs. 9.5 per kg. The expenses were: On Godown Rent Rs. 500, On Salesman Salary Rs. 700. Rajendra dealers are entitled to a commission of 5% on sales. Due to leakage, Rajendra Dealers also reported a loss of 20 kg. Ghee. Prepare consignment account and abnormal loss account in the books of the Consignor.

Systems of Book-keeping

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers
Login Cart
IGNOU NEWS
Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★
Top
📞
Call Support Instant phone assistance Payment made to Silky brothers Rs. 10,000
→
🟢
WhatsApp Chat Fast live messaging
→
Email Us Business enquiries & support
→