Question

1. Dinesh started the business with cash 500000
2. Borrowed from Naresh 100000
3. purchased furniture for cash from raj furniture house 20000
4. purchased furniture from Delhi safe 40000
5. purchased goods for cash 15000
6. purchased goods from Mahesh 30000
7. sold goods for cash to Karim 25000
8. sold goods to Shyam on credit 30000
9. cash received from Shyam 20000
10. cash paid to Mahesh 10000

Answer 1

Answer:

total cash= 5,00,000

borrowed from naresh= 1,00,000

5,00,000+1,00,000= 6,00,000

purchased furniture in cash= 20,000

6,00,000-20,000= 5,80,000

purchase furniture from delhi safe= 40,000

5,80,000-40,000= 5,40,000

purchase goods for cash= 15,000

5,40,000-15,000= 5,25,000

purchase goods from mahesh= 30,000

5,25,000-30,000= 4,95,0000

sold goods for cash to Karim= 25,000

cash received from shyam= 30,000

cash paid to mahesh= 10,000

4,95,000+25,000+30,000-10,000= 5,40,000

sold goods to shyamon credit = 30,000

so dinesh has 5,40,000 remaining in cash and 30,000 in credit

Explanation: