3. Record the following transactions in the Journal of Amitabh:
2020
May 1 Amitabh started business with cash 80,000
May 2 Purchased furniture from Modern Furnishers for
cash 10,000
May 5 Deposited in bank 30,000
May 6 Purchased goods for
cash 5,000
May 8 Purchased goods on credit from Hari 4,500
May 10 Purchased goods from Suresh for cash 3,000
May 12 Purchased goods from
Ajay 4,000
May 14 Sold goods for cash 7,000
May 15 Sold goods to Karim 6,500
May 16 Sold goods to Ganesh for cash 5,000
May 18 Sold goods to Bansi 3,500
May 19 Withdrew from bank for office use 5,000
20 Karim paid on account 5,000
May 29 Paid rent for
residence 6,000
May 30 Purchased a cycle for his son 3,000
May 30 Paid to Ajay in settlement of his account 3,800
Answers
Answer:
Explanation:
3. Record the following transactions in the Journal of Amitabh:
2020
May 1 Amitabh started business with cash 80,000
May 2 Purchased furniture from Modern Furnishers for
cash 10,000
May 5 Deposited in bank 30,000
May 6 Purchased goods for
cash 5,000
May 8 Purchased goods on credit from Hari 4,500
May 10 Purchased goods from Suresh for cash 3,000
May 12 Purchased goods from
Ajay 4,000
May 14 Sold goods for cash 7,000
May 15 Sold goods to Karim 6,500
May 16 Sold goods to Ganesh for cash 5,000
May 18 Sold goods to Bansi 3,500
May 19 Withdrew from bank for office use 5,000
20 Karim paid on account 5,000
May 29 Paid rent for
residence 6,000
May 30 Purchased a cycle for his son 3,000
May 30 Paid to Ajay in settlement of his account 3,800
It's too short. Write at least 20 characters to explain it well.
Answer:
Explanation:
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