4. Record the following transactions:
1. Gee commences business with a capital of 25,00,000 trading under the name of Jain
General Store.
2. Paid into State Bank of India 5,00,000.
3. Bought goods from Chandara for 10,00,000.
4. Bought furniture from Sharda and Co. for 3,00,000,
5. Sold goods to Paras for * 50,000.
6. Received a sum of 1,00,000 being rent for the portion of a building let out.
7. Gee contracted with Deep Construction Co. for the renovation of the building at an
estimated cost of 5,00,000.
8. Bought Shares in Siyaram Ltd. for 5,00,000.
9. Paid Gee's life insurance premium 15,000.
10. Bank collected dividends on our investments 50,000.
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agrees to pay later, it is called a credit transaction. ... In a trading concern goods are purchased for resale with or without ... Cash( Rs1,00,000)=Capital(Rs1,00,000)+Liabilities
Invested Rs 4,00,000 cash and office equipment with Rs 1,50,000 in a business called Bobbie Consulting. (b), Purchased land and a small ...
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