Question

1. Nihar started business with cash 30,000 and a bank balance of 20,000 on 01.01.2015.
His transactions for the month of Jan, 2015 were ;
Jan 2. Purchased goods worth 20,000 and availed a discount of 10%.
5. Sold goods 30,000 and discount allowed 5%.
7. Withdrew from bank 6,000 for office use and 2,000 for private use.
8. Sold goods to Hari in cash 15,000 and on credit 5,000.
10. Purchased goods from Shyam in cash 8,000 and on credit 2,000,
15. Received from Hari * 4,500 in full settlement.
17. Paid to Shyam by cheque 1,800 in full settlement.
18. Mr. Akshya Kumar owed 5,000, became insolvent and 40% was received as final dividend
22. Goods lost by fire 3,000 but insurance company admitted the claim of 5 2.200
25. Salary paid 3,600, rent paid 2,400.
26. Received from debtor 9,200 in full satisfaction of a claim of 10,000.
28. Rent received 1,600 and dividend received 2,400.
30. Machine purchased : 20,000 and furniture purchased * 10,000.
31. Goods drawn for personal use ? 700, goods worth 3 500 was distributed as charity and
goods of 800 was distributed as free sample.
31. Owner withdrew goods of 2,000 and cash of 1,000 for personal use.​

Answer 1

Explanation:

I m sorry please ask one question it's too confusing