Question

12. Prepare the personal account of Krishana from the following transactions: Jan 2019
-1-19 Sold goods to Krishna worth Rs: 10000
3-)-19 Purchased goods from Krishna Rs: 10000.
10-1-19 Received cash from Krishna Rs: 8000.
18-1-19 Returned goods to Krishna Rs: 200
22-)-19 Paid cash to Krishna Rs: 6000
28-1-19 Krishna returned goods to us Rs: 500.​

Answer 1

Explanation:

When you get a credit card, a billing date will be mentioned on the document provided with the card. This is the date on which your bill will be generated for the given billing cycle which you are required to pay on or before the due date. The outstanding amount on your card will be shown as- Minimum amount due and total amount due. The total amount due is what you are required to pay. However, if you cannot afford to pay the total outstanding amount, the bank gives you the option to pay the ‘minimum