Question

In a business enterprise when there is cash sale of any commodity then rubber is also received along with cash . Can we show it as assets in books of accounts?​ If no, why?

Answer 1

Explanation:

Date Particulars 2020 January 01 Received cash from head cashier 03 Spent for postage 07 Travelling expenses to the manager 09 Paid for office cleaning 12 Paid subscription to news papers 15 Messaging charges 18 Auto fare 20 Xerox charges 26 Refreshments to customers 31 Cartage 1,000 58 75 98 80 30 25 40 50 20