Question

cash withdraw from bank for domestic use Rs 10000

Answer 1

Answer:

Sachin started Business with Cash Rs 10,000 and Machinery Rs 15,000

Purchased goods for cash Rs 3,000.

Sold goods for cash Rs 4,000.

Purchased furniture on credit from Poona Traders Rs 7,000.

Purchased goods on credit from Mr. Dilip Rs 2,000 at 10% T.D.

Sold goods on credit to Mr. Mahendra Rs 8,000 at 12.5% T.D.

Paid Rent Rs 600.

Withdraw cash for personal use Rs 1,000.

Paid cash to Mr. Dilip Rs 1,800.

Received cash from Mr. Mahendra Rs 6,800.

Paid to Miss Sunita Rs 400 for salary