1. Ramesh started business with cash rs. 100000 stock rs.50000.
2. He purchased goods of rs. 12000
3. He sold goods (costing 10000) to rs.12000
4. Rent paid rs. 1000
5. Salary paid rs. 1500
6. Interest received rs.2000
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Answer:
Gopinath Started business with
25,000
=
25,000
25,000
=
25,000
(ii)
Purchased goods from Shyam
10,000
10,000
25,000
+
10,000
=
10,000
+
25,000
(iii)
Sold goods to Sohan
– 1,800
+
1,500
=
– 300
25,000
+
8,200
+
1,500
=
10,000
+
24,700
(iv)
Gopinath withdrew from business
–5,000
=
– 5,000
20,000
+
8,200
+
1,500
=
10,000
+
19,700
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