Question

7. Manisha started a new business, show the analysis table for the following transactions ;
2018
May 1 Started business with cash
May Goods purchased for cash
May 3 Sold goods for cash
May 4 Goods bought from Akansha
13,000
May 6 Office rent paid to the landlord
4,000
May 10 Paid salary to Bablu (Office Boy)
3,000
May 12 Machinery purchased from Priya Engineerings
25,000
May 15 Paid to Akansha on account
6,000
May 19 Sold goods
4,000
May 23 Stationery purchased
1,500
May 24 Drawings made
6,000
May 26 Goods lost by fire
3,000
May 28 Opened a bank account in PNB
12,000
May 30 Borrowed from Muthoot Corp.
10,000​

Answer 1

Answer:

154000 is the answer of the question

Answer 2

Journal entry is very helpful for accounts