Calculate the cash balance for the following transactions, Balance of cash
Rs.10,000: Bought goods for cash Rs.3.000; Bought goods on credit from
Krishna Rs.5,000; Sold goods for cash Rs.5,000; Paid salary Rs.1,000
Rs. 7,000
Rs. 11,000
Rs. 8,000
Rs.16,000
Rs. 19,000
Answers
the balance amount will be 4000
Answer:
Cash A/c Dr. 10,000
To Sales A/c 10,000
(Being goods sold for Cash)
Explanation:
Cash A/c Dr. 50,000
To Capital A/c 50,000
(Business started with cash)
Apr.03 Purchases A/c Dr. 20,000
To Rita 20,000
(Goods purchased from Rita on credit)
Apr.04 Rita Dr. 10,000
To Cash A/c 10,000
(Cash paid to Rita)
Apr.06 Rohit Dr. 25,000
To Sales A/c 25,000
(Goods sold to Rohit on credit)
Apr.08 Cash A/c Dr. 20,000
To Rohit 20,000
(Cash received from Rohit)
Apr.12 Purchases A/c Dr. 12,000
To Rita 12,000
(Goods purchased from Rita on credit)
Apr.18 Rita Dr. 20,000
To Cash A/c 20,000
(Cash paid to Rita)
Apr.25 Rohit Dr. 10,000
To Sales A/c 10,000
(Goods Sold to Rohit)
Apr.30 Cash A/c Dr. 6,000
To Rohit 6,000
(Cash received from Rohit)
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