Question

1 Started business with Cash 80,000/-
2 Deposited into bank 5,000/

7 Purchased goods for 23,000/- at 5% Cash discount.

10 Purchased computer for 18,000/-

13 Sold Goods for 8,000/- at 10% trade discount and 5% cash discount

16 Purchased goods from Avinash for 8,000/-

20 Sold goods for 15,000/- at 10% T.D. 22 Paid to Pankaj ? 885/- in full settlement of 3

25 Drew cash for personal use 500/-

26 Paid rent 15,000/-

900/

27 Borrowed 6,000/- from wife for doing further business.

28 Paid for salaries 3,500/-

29 Received interest 400/

31 Deposited cash in bank in excess of 20,000/

8.: Cash Balance 20.000/-, Deposited into bank 22,005/-​

Answer 1

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Answer 2

Answer:

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