EXERCISES
Journalise the following transactions
1996
April 1 Started business with a capital of 5,000
3 Purchased goods from Mr. Guru 1,500
5 Sold goods to Mr. Kamal 500
7 Cash sales 1,300
8 Purchased Furniture for 1,000
9 Received Interest 50
11 Withdrew cash from bank for personal use 200
15 Deposited cash into bank 2,000
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the answer is cash sales is 1,00,0000
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