Question

Illustration 3 (Real Accounts)
Prepare a Cash Account of Sri Suresh Prasad Singh from the following transactions and balance it
as on 31.3.2016:
2016
March 1 Brought cash for business
30,000
2 Received interest in cash
30,000
3 Purchased a T.V. set for cash
10,000
5 Sold old radio for cash
2,000
6 Paid salary
5,000
7 Withdrew for personal expenses
10,000
9 Bought furniture for cash
3,000
12 Received rent
5,000
15 Paid to Rahim
1,000​

Answer 1

Answer:

Ans : Ending cash balance as on 31/3/2016  =  $38,000

Explanation: