Question

Enter the following transaction in a simple cash book for the month of May,2020 May 1 Cash in hand 10,000 May 5 Purchase goods from Ram 10,000 May 8 Sold goods to Shyam 12,000 May 10 Purchase goods for cash 5,000 May 15 Sold the above goods (May 10)@ 20% profit for cash May 20 Withdrew for personal use 2,000 May 25 Received Interest 500

Answer 1

Explanation:

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Answer 2

Answer:

it's very simple

but how I tell this

1. to balance c/d (dr.- particular) = 10000

2. by Ram a/c = 10000

3. to shyam a/c = 12000

4. by purchase a/c = 5000

5. to sales a/c = 1000

6. by drawing a/c = 2000

i hope you understand

to [dr. particular]

by [cr. particular]