Question

1. Deposited 3 60,000 in bank.
2. Purchased goods from Amit 30,000.
3. Sold goods costing *20,000 for 25,000 to Mohan out of which 7,000
received in cash.
+ Paid salary 5,000 but salary still unpaid * 1,000.
5. Received commission + 2,000 including 500 as advance.
6. Sold goods costing 5,000 at a loss of 500 in cash.
7. Received 17,400 from Mohan in full settlement of his account by cheque.
& Returned goods to Amit 2,000.
9. Issued a cheque of< 27,200 to Amit in full settlement of his account.​

Answer 1

Answer:

1. Deposited 3 60,000 in bank.

2. Purchased goods from Amit 30,000.

3. Sold goods costing *20,000 for 25,000 to Mohan out of which 7,000

received in cash.

+ Paid salary 5,000 but salary still unpaid * 1,000.

5. Received commission + 2,000 including 500

as advance.

6. Sold goods costing 5,000 at a loss of 500 in cash.

7. Received 17,400 from Mohan in full settlement of his account by cheque.

& Returned goods to Amit 2,000.

9. Issued a cheque of< 27,200 to Amit in full settlement of his account.