given, it is still considered as a cash transaction.
For example : Salary paid to Mukesh 10,000. The entry will be :
Salary A/C
Dr. 10,000
To Cash A/C
10,000
ILLUSTRATION 1.
Enter the following transactions in the Journal of Siya Ram & Sons.:-
2017
April 1 Siya Ram & Sons started business with cash
2 Purchased goods for cash
4 Purchased goods from Subhash
5 Purchased Furniture for cash
Sold goods for cash
9 Sold goods to Mahesh
10 Paid cash to Subhash
12 Received cash from Mahesh
16 Purchased goods from Ravi for cash
50,000
20,000
12,000
6,000
13,000
15,000
8,000
10,000
7,500
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The complete answer if some amount is misplaced please correct it
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