Question

4) Vijay
2009
June -1 Vijay started business with cash 10,000, building 1, 50,000 and bank balance
43,000
3 purchased goods worth Rs. 21,000 on credit from Avinash with Trade
Discount @ 5%
5 sold goods for cash Rs.3, 600 wide cash memo No. 1 to 5.
7 paid salary 1,000.
10 goods costing 300 were distributed as free samples.
13 paid insurance premium for goods 250 and for the life of the owner 300 both
these payment were made by cheque.
15 invested Rs. 3,000 by cheque in shares of Tata Steels Limited,
24 settled Avinash A/C by issuing a cheque of the necessary amount after
deducting Cash Discount 2%.
29 sold goods on credit for Rs.8,000 to Ketan.
30 Ketan returned 1/10 of the goods since they were defective.​

Answer 1

1. Answer:

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