Question

1. Mr. A Commenced business with cash Rs.1,00,000 and Bank Rs.50,000.
2. Deposited in to banks Rs. 50,000.
3. Purchased goods for cash Rs.20,000.
4. Sold goods for cash Rs.12,000.
5. Paid wages Rs.300.
6. Received commission Rs.100.
7. Received Commission in advance Rs.500.
8. Purchased goods on credit from Mr. X Rs.12,000.
9. Sold goods to Mr. Y on credit Rs. 16,000.
10. Goods returned to Mr. X Rs.1,000.
11. Goods returned by Mr. Y Rs.2,000.
12. Withdrew cash from banks for office use Rs.14,000.
13. With drew cash for personal use Rs.2,000.
14. Withdrew cash from bank for personal use Rs.1,200.
15. Withdrew goods for personal use worth Rs.500.
16. Cash paid to Mr.X Rs.8500 in full settlement
17. Cash received from Mr. Y Rs.12,700 in full settlement of the account.
18. Bablu purchased goods from us Rs.9,000.
19. Purchased Furniture by cheque Rs.11,000.
20. Cash sales received through cheque Rs.3,000.
21. Salary paid by cheque Rs.5,000.

Answer 1

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