7. Show the effect following transactions on the accounting untion and more
Ledger
(1) Manoj started business with
Rs
(i) Cash
230000
Good
700000 (M) Building
200000
(2) He purchased goods for cash
50000
(3) He sold goods
(costing
20.000)
35000
(4) He purchased goods from Rahul
(5) He sold goods to Varun (costin Rs 52000)
60000
(6) He paid cash to Rahul in full settlement
53000
(7) Salary paid by him
20000
(8) Received cash from Varun in full settlement
59000
(9) Rent outstanding
3000
for
13000
(10) Commission received by him
(11) Amount withdrawn by him for personal use
20000
(12) Depreciation charges on building
10000
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