Question

016 Transactions 1 Started business with cash of Rs.2,00,000 5 Bought machinery in cash of Rs.30,000. 10 Bought goods for cash from Ram of Rs.5,000. 15 Sold goods for cash to Hari of Rs.40,000 20 Paid trade expenses of Rs.1,000 25 Paid salary to Mohan, a clerk of Rs.3250. 30 Goods return from Hari of Rs.4000.​

Answer 1

Answer:

I think the balance amount will be 4000

Answer 2

Answer:

cash a/c dr 200000

to capital 200000

purchase a/c dr.30000

to cash a/c 30000

(being bought machinery for cash)

purchase dr. 5000

to cash. 5000

(being bought goods for cash)

cash dr.40 000

to sales 40000

trade exp dr.1000

to cash. 1000

salary dr. 3250.30

to cash. 3250.30

sales return a/c dr.4000

to cash a/c. 4000